Innovision Ltd - IPO

Innovision Ltd IPO Details

Initial public offer of up to 6151294 equity shares of face value of Rs. 10 each (Equity Shares) of Innovision Limited (Company or Issuer) for cash at a price of Rs. 519 per equity share (Including a Share Premium of Rs. 509 Per Equity Share) (Offer Price) aggregating up to Rs. 319.25 Crores (Offer) comprising a fresh issue of up to 4913294 equity shares of face value of Rs.10 each aggregating up to Rs. 255.00 Crores by the company (the Fresh Issue) and an offer for sale of up to 12,38,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 64.25 crores by the promoter selling shareholders (Offer for Sale) comprising up to 619,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 32.13 Crores by LT Col Randeep Hundal and up to 619,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 32.13 Crores by Uday Pal Singh (Collectively, the Promoter Selling Shareholders and such equity shares, the Offered Shares). The offer constituted 25.83% of the post-offer paid-up share capital of the company.Price Band: Rs. 519 per equity share of face value of Rs. 10 each.The floor price is 51.90 times the face value of the equity shares. Bids can be made for a minimum of 27 equity shares and in multiples of 27 equity shares thereafter.

Objective of issue

Repayment or pre-payment in part or full of all or certain borrowings availed by the company. Funding working capital requirements of the company. General corporate purposes.

Innovision Ltd Contact Details

Innovision Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@innovision.co.in

Website - www.innovision.co.in