Innovision IPO allotment status is likely to be finalised on Wednesday, March 18. Investors who have applied for the public offer can check the details on the websites of the NSE, the BSE and KFin Technologies.
The initial share sale was subscribed 3.32 times, with bids for 2,12,70,519 shares as against 63,99,943 shares on offer, according to the BSE data.
| Category | Reserved | No of Shares Bid For | No of Times |
|---|---|---|---|
| Qualified Institutional Buyers | 63,999 | 8,79,849 | 13.75 |
| Non-Institutional Investors | 21,75,981 | 1,79,82,270 | 8.26 |
| Retail Investors | 41,59,963 | 24,08,400 | 0.58 |
| Total | 63,99,943 | 2,12,70,519 | 3.32 |
As per the initial plan, the IPO was to end on March 12 but was extended till March 17 amid a tepid investors' response. The price range was also decreased to ₹494 to ₹519 per share from ₹521 to ₹548 per share earlier.
The issue was a combination of fresh issuance of ₹241.51 crore and an offer for sale of ₹64.25 crore by promoters Uday Pal Singh and Lt Col Randeep Hundal. The total IPO size was ₹305.76 crore.
The money generated will be used for repayment of certain outstanding borrowing, working capital requirements and corporate general purposes.
The company provides manpower services, which include manned private security and integrated facility management services, and toll management. It also offers skill development.
Innovision IPO allotment date and time
The basis of allotment of the Innovision IPO is expected to be finalised on March 18 by late evening.
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Innovision IPO allotment status online on NSE; full steps
- Head to NSE's IPO allotment status website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Pick 'Equity & SME IPO bid details'
- Select 'INNOVISION' from the select symbol list
- Fill in your PAN card details and application number
- Click on the 'Submit' button
How to check Innovision IPO allotment status online on BSE
- Open BSE's IPO status page on your browser: https://bseindia.com/investors/appli_check.aspx.
- Keep the issue type as 'Equity'
- Choose 'Innovision Ltd' from the public offers available
- Add details such as IPO application number and PAN number
- Hit the 'Search' button
Steps to check Innovision IPO allotment status online on KFin Technologies
- Go to this link: https://ipostatus.kfintech.com/
- Pick 'Innovision Ltd' from the IPOs available
- Add your IPO application number, Demat account number or PAN
- Enter 'Submit'
Innovision IPO listing date and time
Shares of Innovision will hit the secondary market - the NSE and the BSE - on Friday, March 20, at 10 am.