The wait is almost over for investors who applied for the Innovision IPO.
The allotment status is expected to be finalised on March 18, and applicants are eager to check if they’ve received shares.
But the IPO has been in the spotlight for another reason too — the delay in allotment and the sudden cut in its price band.
Why Was the IPO Delayed and Price Reduced?
The Innovision IPO opened on March 10, but due to weak investor interest, it had to be extended till March 17.
In the first three days, the issue was subscribed only 32%, which is quite low.
To attract more investors, the company reduced its price band to Rs 494–519 per share, down from the earlier Rs 521–548.
This move helped improve participation, but it also raised concerns among investors.
Subscription Numbers: Who Showed Interest?
Overall, the IPO managed to get subscribed 3.46 times after the extended bidding period.
Here’s how different investor groups responded:
Retail investors: only 0.60 times (very weak response)
QIBs (big institutions): 14.30 times (strong support)
NIIs: 8.60 times
Clearly, institutional investors played a major role in boosting the subscription.
Grey Market Signals a Weak Listing
In the grey market, the IPO is not showing strong signs.
The shares are currently trading at a discount of around Rs 28.
This suggests a possible listing price of about Rs 491, which is below the issue price.
However, remember that grey market premium (GMP) is unofficial and can change quickly.
It does not guarantee actual listing performance.
How to Check Allotment Status
Once the allotment is finalised, you can check your status online through:
National Stock Exchange
Bombay Stock Exchange
KFin Technologies
You’ll need details like your PAN, application number, or Demat account to check the status.
What Happens Next?
After allotment:
Shares will be credited to successful applicants’ Demat accounts
Refunds will be issued to those who didn’t get shares
The IPO is scheduled to list on March 20 at 10 AM on both NSE and BSE
About the Company
Innovision operates in the manpower services sector.
It provides services like private security, facility management, toll operations, and skill development.
The IPO size was Rs 305.76 crore, including a fresh issue and an offer for sale.
The company plans to use the funds mainly for debt repayment, working capital needs, and general business purposes.
Final Takeaway
The Innovision IPO had a slow start but picked up due to strong institutional demand.
Now, all eyes are on the allotment and listing day.
Investors should stay cautious and not rely only on grey market trends while making decisions.
