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Innovision Limited reported Rs 510 million variation in IPO fund utilization, filings show
13-Nov-2026, 09:18

Innovision Limited reported a variation of Rs 510.00 million in the utilization of funds raised through its Initial Public Offering on March 23, 2026, with gross proceeds of Rs 2,550 million and net proceeds of Rs 2097.99 million, according to a filing with the Bombay Stock Exchange and National Stock Exchange of India. The company utilized Rs 824.91 million towards adjustments of its CC facility, payment for EPFO, GST, TDS, Toll remittance & security deposit paid to NHAI (National Highways Authority of India), and Rs 1.36 million for general corporate purposes, while Rs 397.99 million was allocated for general corporate purposes.