Innovision IPO Subscribed Over 1.2 Times; Kalpataru Projects Secures New Orders

Innovision's IPO, priced between Rs 521 and Rs 548 per share, has been subscribed 1.20 to 1.25 times as of March 16, 2026, with bids exceeding the 61.32 lakh shares on offer. The Rs 322.84 crore issue includes fresh equity and an offer for sale, with proceeds aimed at debt repayment and working capital. Subscription was driven mainly by institutional investors, while retail participation was lower. The IPO listing is expected around March 20, with a grey market premium noted. Separately, Kalpataru Projects International secured Rs 2,471 crore in new orders, supporting its FY26 growth outlook.