Innovision IPO faces investor headwinds as subscription lags. The Haryana-based manpower and toll management firm extended its IPO deadline to March 17 and slashed the price band to ₹494-519 per share from the earlier ₹521-548 range. The move came after weak investor response, with the issue achieving only 32 percent subscription by day three. Qualified institutional buyers showed stronger interest at 99 percent subscription, while retail investors lagged significantly at just 28 percent. Non-institutional investors subscribed 36 percent. The company is now offering 61.32 lakh shares comprising fresh issuance and offer for sale. Proceeds will fund debt repayment and working capital needs. The subdued retail demand reflects broader market caution amid current economic conditions.
