New Delhi, March 12 -- The initial public offering (IPO) of Innovision Limited, a manpower and toll plaza management services provider, was extended to Tuesday, March 17, after the issue received a tepid response during its three-day bidding window.

The IPO, which opened for bidding on March 10, was scheduled to close today, March 12, but has been extended by three more days due to weak participation across all investor categories.

The weaker response has also led the company to cut its IPO price band to Rs.494- Rs.519 per share from an earlier Rs.521- Rs.548 per share, the company said in its filing with BSE.

It said the new price band will be effective from tomorrow, March 13.

The lot size for retail investors remains the same at on...