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Innovision IPO

Manpower & Facility Services - Listed on 23 March 2026

-9.9% listing gain
Issue Price (Upper)
Rs 519
Listing Price
Rs 467.7
Closing Price (NSE)
Rs 374.2
Total Subscription
3.47x

Innovision IPO listing summary

Innovision (Manpower & Facility Services) closed its IPO window in 2026 and listed on NSE and BSE on 23 March 2026 at an upper band issue price of Rs 519, opening at Rs 467.7 for a listing gain of -9.9% and closing day one at Rs 374.2 (-27.9% on closing basis). The IPO was subscribed 3.47x overall - QIB 14.35x, HNI/NII 8.62x, Retail 0.60x. The total issue size was Rs 319.25 Cr (Fresh Issue Rs 255 Cr, OFS Rs 64.25 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
-9.88%
Listing Gain (Close)
-27.90%
Day Change After Listing
-18.02%
Retail Quota
65.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB14.35x
HNI / NII8.62x
Retail0.60x
Overall3.47x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.12x
Day 20.32x
Day 3 (Final)3.47x

Innovision IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs -95-18.30%
Day 2Rs -25-4.82%
Day 3Rs -25-4.82%
Day 4Rs -25-4.82%
Day 5Rs -25-4.82%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
-18.3%--4.8%
IPOGyani AI Prediction
-10.9%
Actual Listing Gain
-9.9%

Prediction Accuracy: 1.0 pp (Highly accurate)

Issue & financials

Issue SizeRs 319.25 Cr
Fresh IssueRs 255 Cr
OFSRs 64.25 Cr
IPO PE29.88
Peer / Sector PE113.87
PE vs Sector Ratio0.26
Latest EBITDA (Cr)5.79
Debt / Equity0.97

Market context at listing

How the broader market moved around the Innovision IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-5.32%
Nifty 1W Return-3.83%
Nifty 1M Return-11.56%
Nifty during IPO window-2.76%

Innovision IPO - FAQs

What was the listing gain of Innovision IPO?

Innovision IPO listed at -9.9% versus the upper issue price of Rs 519 on 23 March 2026.

How many times was Innovision IPO subscribed?

Innovision IPO was subscribed 3.47x overall. QIB portion was subscribed 14.35x, HNI / NII 8.62x and Retail 0.60x.

What was the IPO GMP for Innovision?

IPO GMP started at Rs -95 on Day 1 and moved to Rs -25 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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