Innovision’s IPO opens March 10, aiming to raise Rs 323 crore with shares priced between Rs 521-548. The manpower and toll management services provider reported strong revenue growth but thin margins, leading to cautious investor sentiment and a flat listing expectation. Brokerages advise caution due to valuation concerns and the need for margin improvement.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets