Innovision IPO Day 2, March 11 -- The initial public offering (IPO) of Innovision, which opened for bidding on Tuesday, March 10, has entered its second day today. The offer saw a tepid response from investors on the first day, with just 2% bids.

Innovision, which provides manpower and toll plaza management services, has fixed the IPO price band at Rs.521 to Rs.548 per share. The Rs.323 crore Innovision IPO has a fresh issue of up to Rs.255 crore and an offer-for-sale of up to 12,38,000 equity shares.

Investors can apply for the offer in lots of 27 shares.

The company plans to use the funds raised from the fresh share sale towards payment of debt, fund the company's working capital requirements, and for general corporate purposes.

Inn...