Innovision IPO Extended Till March 17, 2026: Check Revised Price Band & Key Dates

Innovision IPO has been extended by five days, and the company has also cut its price band after weak demand in the first three days of bidding. The issue, which opened on March 10, 2026, will now remain open until March 17, 2026. The revised price band is ₹494 to ₹519 per share, down from the earlier ₹521 to ₹548 per share.

For investors tracking the issue, this is the main update: the subscription timeline has changed, the pricing has been lowered, and the IPO terms now look more attractive on paper than they did at launch.

Innovision IPO revised details at a glance

Here are the latest details investors should know:

• IPO open date: March 10, 2026
• Original close date: March 12, 2026
• Extended close date: March 17, 2026
• Original price band: ₹521 to ₹548 per share
• Revised price band: ₹494 to ₹519 per share
• Lot size: 27 shares
• Issue size: About ₹323 crore
• Fresh issue: ₹255 crore
• Offer for sale: ₹68 crore
• Proposed listing: BSE and NSE

Why was the Innovision IPO extended?

The extension came after the IPO saw a muted response during its initial bidding window. By the end of Day 3, the issue was subscribed only 32% overall. Retail investors had subscribed 28%, non-institutional investors 36%, and qualified institutional buyers 99% of their reserved portions.

That weak demand appears to be the main reason the company extended the offer period and reduced the price band.

Revised price band: what changed?

The most important update is the cut in pricing.

• Old band: ₹521 to ₹548
• New band: ₹494 to ₹519
• Effective date of revision: March 13, 2026

This means investors now have a lower entry price than what was available when the issue opened. That could improve interest from retail and non-institutional bidders, especially in a cautious market.

Key dates to track now

Because the IPO has been extended, the original post-issue timetable will also shift. The earlier schedule had allotment expected on March 13, demat credit on March 16, and tentative listing on March 17. After the extension, allotment and listing will happen only after the revised subscription window closes.

So the dates investors should focus on right now are:

Updated timeline

• IPO opened: March 10, 2026
• New closing date: March 17, 2026
• Allotment: Expected after the extended issue closes
• Listing: Expected after the revised allotment process is completed

About Innovision

Innovision operates in the manpower services and infrastructure support space. Its business includes:

• manpower outsourcing
• toll plaza management
• skill development training services across India

The company has expanded its footprint across 23 states and 5 union territories, serving both corporate clients and infrastructure operators.

Financial snapshot

Innovision has reported strong top-line growth over the last few years:

• FY23 revenue: ₹258 crore
• FY24 revenue: ₹512 crore
• FY25 revenue: ₹896 crore

Profit after tax also rose:

• FY23 PAT: ₹9 crore
• FY24 PAT: ₹10 crore
• FY25 PAT: ₹29 crore

At the same time, margins remain thin. The company’s EBITDA margin was about 5.78% in FY25, which is one of the concerns flagged by market watchers.

Market view and brokerage take

Grey market sentiment has been soft. The IPO was reported to have a grey market premium of around 0%, suggesting expectations of a flat listing.

Swastika Investmart has reportedly advised investors to avoid the issue, mainly because of valuation concerns and the company’s relatively low-margin business model. ET Markets reported that the brokerage viewed the stock as already pricing in significant future growth.

Should investors pay attention to the revised terms?

The lower price band improves affordability and may help subscription numbers. But the bigger question is whether that price cut is enough to offset concerns around thin margins, cautious sentiment, and limited listing gains. That is an inference based on the revised pricing and reported subscription response, rather than a confirmed outcome.

For retail investors, the extension gives more time to evaluate the business, pricing, and demand trend before the issue closes on March 17, 2026.

Key takeaways

Innovision IPO has been extended till March 17, 2026, and the company has lowered the price band to ₹494 to ₹519 per share from ₹521 to ₹548. The move follows weak subscription in the first three days of the offer. Investors should now watch the final subscription trend, updated allotment schedule, and listing timeline before making a decision.

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