Innovision IPO
Innovision Limited (INNOVISION) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 23 March 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.5% (likely range -35% to +15%), day's high 0.0%, chance of a gain 49%. Actual: -9.9% at the open, -9.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 63,999 | 8,79,849 | 13.7x | |
| NII (HNI) total | 21,75,981 | 1,79,82,270 | 8.26x | |
| Big NII (above ₹10 lakh) | 14,50,654 | 1,43,44,452 | 9.89x | |
| Small NII (₹2-10 lakh) | 7,25,327 | 36,37,818 | 5.02x | |
| Retail | 41,59,963 | 24,08,400 | 0.58x | |
| Total | 63,99,943 | 2,12,70,519 | 3.32x |
Bids on NSE and BSE together, as published by NSE, as of 17 Mar 2026, 07:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Innovision's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Sandhar TechnologiesMar 2018 | 14.5x | 6.39x | 1.42x | 6.19x | ₹515 Cr | +4.2% | +6.0% |
| Sheela FoamDec 2016 | 14.5x | 3.35x | 0.44x | 5.09x | ₹548 Cr | +17.8% | +41.4% |
| Ajax EngineeringFeb 2025 | 14.4x | 6.47x | 1.93x | 6.45x | ₹1,269 Cr | -8.4% | -3.2% |
| Saatvik Green EnergySep 2025 | 10.8x | 10.0x | 2.66x | 6.57x | ₹947 Cr | 0.0% | 0.0% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
| GPT HealthcareFeb 2024 | 17.3x | 11.0x | 2.44x | 8.52x | ₹525 Cr | +15.6% | +18.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Emkay Global Financial Services | 10 | +16.7% | 60% |
Offer documents (NSE)
Frequently asked
What is the Innovision IPO price band and lot size? ₹494–519 per share, with a lot of 27 shares, so the smallest retail bid is ₹14,013.
How many times has it been subscribed? 3.32x overall: QIB 13.7x, NII 8.26x, retail 0.58x.
How did it list? It opened at ₹468, -9.9% against the issue price of ₹519, and closed its first day -27.9%.
