Innovision IPO
Open MainLineCurrent GMP
₹-92 (-17.73%)
Price Band
₹ 494 – 519
Lot Size
27
Issue Size
₹323 Cr
Minimum Investment
₹14013 (27 Shares)
Listing Date
23 March 2026
Subscription
3.32x
About the Company
Innovision Limited was incorporated in 2007 and provides manpower services, toll plaza management, and skill development training to clients across India. The company has established a strong operational presence with 35 offices, including its registered and corporate offices, spread across the country. As of January 15, 2026, Innovision Limited operates in 23 states and 5 union territories of India.
The company's Manpower Services segment is divided into three key operational verticals:
- Manned Private Security Services
- Integrated Facility Management (IFM) Services
- Manpower Sourcing and Payroll Services
As of January 15, 2026, Innovision Limited serves more than 180 clients across multiple industries and provides services at over 1,000 client premises nationwide.
The company caters to a wide range of sectors including retail, healthcare, warehousing, logistics, and banking, financial services, and insurance (BFSI). Some of its prominent clients include Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics.
In addition to manpower services, Innovision Limited also focuses on training and skill development. The company provides physical and classroom-based training programs for security personnel in accordance with the Private Security Agency Regulatory Act, 2025. These training programs are conducted at its training center located in Turkiawas, Rewari, Haryana.
Promoters
- Lt Col Randeep Hundal
- Uday Pal Singh
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
74.99%
Objects of the Issue
The Company Innovision IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment or pre-payment, in part or full, of all or certain borrowings availed by our Company
- Funding working capital requirements of our Company
- General corporate purposes
Address / Contact Info
Innovision Ltd.
1/209, First Floor,
Sadar Bazar,
Delhi Cantt,
Delhi, New Delhi, 110010
Phone: +91 011 208 9790
Email: cs@innovision.co.in
Website: https://www.innovision.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 10 March 2026
IPO Close Date
Tuesday, 17 March 2026
Basis of Allotment
Wednesday, 18 March 2026
Initiation of Refunds
Friday, 20 March 2026
Credit of Shares to Demat
Friday, 20 March 2026
Listing Date
Monday, 23 March 2026 — NSE & BSE
Important Dates
Open Date
10 March 2026
Close Date
17 March 2026
Basis Of Allotment
18 March 2026
Listing Date
23 March 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 271.66 | 220.3 | 157.05 | 108.17 |
| Revenue | 483.1 | 895.95 | 512.13 | 257.62 |
| Profit After Tax | 20 | 29.02 | 10.27 | 8.88 |
| Net Worth | 102.33 | 81.88 | 52.35 | 40.26 |
| Reserve & Surplus | 83.43 | 62.98 | 33.45 | 38.91 |
| Total Borrowings | 112.39 | 79.05 | 48.15 | 33.34 |
EPS Pre
15.36%
EPS Post
16.99%
P/E Pre
35.69
P/E (Post Issue)
32.26x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 19.55 | 35.45 | 19.62 | 22.06 |
| ROCE % | 18.19 | 40.77 | 26.92 | 32.05 |
| Debt / Equity | 1.1 | 0.97 | 0.92 | 0.83 |
| RoNW % | 19.55 | 35.45 | 19.62 | 22.06 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 4.17 | 3.25 | 2.01 | 3.48 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 61323 | 1 | 0 |
| Non-Institutional | 2085028 | 34 | 0 |
| BNII | 1390019 | 22.67 | 0 |
| SNII | 695009 | 11.33 | 0 |
| Retail Investors | 3986082 | 65 | 0 |
| Total | 6132433 | 100 | 0 |
Subscription Status ( Tue, 17 Mar 26 01:45 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 63999 | 879849 | 13.75x |
| Non-Institutional | 2175981 | 17982270 | 8.26x |
| BNII | 1450654 | 14344452 | 9.89x |
| SNII | 725327 | 3637818 | 5.02x |
| Retail Investors | 4159963 | 2408400 | 0.58x |
| Total | 6399943 | 21270519 | 3.32x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Innovision Ltd. | 10 | 0.00 | 15.62 | 15.62 | 35.45 | 43.32 |
| Krystal Integrated Services Ltd. | 10 | 13.47 | 44.61 | 44.61 | 14.30 | 312.92 |
| Updater Services Ltd | 10 | 8.62 | 17.70 | 17.70 | 12.33 | 144.07 |
| SIS Limited | 5 | 401.85 | 0.81 | 0.81 | 0.49 | 166.79 |
| Quess Corp Ltd. | 10 | 63.37 | 3.07 | 3.07 | 4.23 | 72.92 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 27 | 14,796.00 |
| Retail (Max) | 13 | 351 | 192,348.00 |
| S-HNI (Min) | 14 | 378 | 207,144.00 |
| S-HNI (Max) | 67 | 1,809 | 991,332.00 |
| B-HNI (Min) | 68 | 1,836 | 1,006,128.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Emkay Global Financial Services Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Innovision IPO is a Book-building IPO worth ₹323 crores. The price band is ₹494 to 519 per share. The IPO opens on Tue, Mar 10, 2026 and closes on Tue, Mar 17, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Innovision IPO opens on Tue, Mar 10, 2026 and closes on Tue, Mar 17, 2026
Innovision IPO Price Band is ₹494 to 519.
Innovision IPO lot size is 27, and the minimum amount required for application is ₹14013.
The minimum investment for Innovision IPO is approximately ₹14013 based on the upper price band.
To apply for the Innovision IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Mar 17, 2026. After submission, funds are blocked until the basis of allotment of Innovision IPO is finalised.
Innovision IPO issue size is ₹323 crores.
Innovision IPO allotment date is Sat, Jun 27, 2026.
The registrar for Innovision IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Innovision IPO through their official website or helpline.
The Innovision IPO GMP (Grey Market Premium) is ₹-92 as of Mon, Mar 23, 2026. Based on the upper price band of ₹519 per share, the estimated Innovision IPO listing price is ₹456, indicating a potential listing gain of approximately 31% over the issue price.