Innovision Ltd: No IPO Fund Use Deviation in Q1 FY27

Innovision Ltd has reported no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended June 30, 2026. The company raised gross proceeds of ₹2,550 million and net proceeds of ₹2,097.99 million. Funds were utilized for repayment of borrowings (₹510 million), working capital requirements (₹161.54 million), and general corporate purposes (₹1.36 million). The utilization aligns with the original objects, and the monitoring agency, CRISIL Ratings Limited, has provided comments indicating full utilization of proceeds for borrowings during the previous quarter and specific uses for working capital and general corporate purposes in the current quarter.