Innovision's IPO opens to low-key response
Innovision's IPO didn't see much action on its opening day; subscribed 0.02x (about 2%) of shares were picked up by retail and institutional investors, with just over 100,000 shares booked out of nearly 5.9 million on offer.
The IPO closes March 12 and is set to list on the BSE and the NSE March 17.
What does the company do?
Founded (year not stated), Innovision runs security services, facility management, payroll processing, manpower sourcing, toll collection, and even skill training for government projects.
Their clients include names like Max Healthcare and Stellar Value Chain.
How much are the shares worth?
The company aims to raise ₹322.84 crore: ₹255 crore through new shares and ₹67.84 crore via an offer-for-sale.
Shares are priced between ₹521 and ₹548 each; the minimum lot is 27 shares (about ₹14,796 if you're thinking of applying).