Revision History

Innovision Limited's mainboard IPO, seeking to raise ₹323 crore, opened on March 10, 2026, to an abysmal 0.02x subscription on its first day, with brokerages unanimously advising investors to avoid the issue. The company faces a toxic combination of a two-year NHAI debarment for alleged toll plaza fraud, negative cash flows, a price-to-earnings ratio roughly double the market average, and a broader Indian equity market in correction territory — making this one of the most poorly received mainboard debuts in recent memory.