Innovision IPO
GMP, Subscription, Price, Dates & Financial Details
Professional Services
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…
Open Date
Tue, 10 Mar 2026
Close Date
Tue, 17 Mar 2026
Price Band
₹ 494 – 519
Lot Size
27
Issue Size
₹ 323.00 Cr
Minimum Investment
₹ 14,013 (27 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Innovision IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹323.00 Crore, comprising a fresh issue of 46.53 Lakh equity shares aggregating to ₹255.00 Crore and an offer for sale (OFS) of 12.38 Lakh equity shares aggregating to ₹68.00 Crore by the existing shareholders.
The Innovision IPO remained open for subscription from March 10, 2026, to March 17, 2026. The basis of allotment was finalized on March 18, 2026, and the company's shares were listed on the NSE and BSE on March 23, 2026.
The company had fixed the price band at ₹494 to ₹519 per share, with a lot size of 27 shares. Retail investors were required to make a minimum investment of ₹14,013 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Emkay Global Financial Services Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Innovision Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Innovision IPO Timeline (Tentative)
- IPO Open Date
- Tue, 10 Mar 26
- IPO Close Date
- Tue, 17 Mar 26
- Basis of Allotment
- Wed, 18 Mar 26
- Initiation of Refunds
- Fri, 20 Mar 26
- Credit of Shares to Demat
- Fri, 20 Mar 26
- Listing Date
- Mon, 23 Mar 26 — NSE & BSE
Open Date
10 March 2026
Close Date
17 March 2026
Basis Of Allotment
18 March 2026
Listing Date
23 March 2026
IPO Subscription
Check Live Subscription →The Innovision IPO has received bids for 2,12,70,519 shares against 63,99,943 shares offered, resulting in an overall subscription of 3.32x. the NII category is subscribed 8.26x, Retail Investors 0.58x, and QIBs 13.75x. Within the NII category, BNII is subscribed 9.89x, while SNII is subscribed 5.02x.
QIB
13.75x
NII
8.26x
BNII
9.89x
SNII
5.02x
RII
0.58x
Total
3.32x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 39,86,082 shares, representing 65% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 61,323 shares (1%), while Non-Institutional Investors (NIIs) receive 20,85,028 shares (34%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 61,323 | 1% |
| Non-Institutional | 2,085,028 | 34% |
| BNII | 1,390,019 | 22.67% |
| SNII | 695,009 | 11.33% |
| Retail Investors | 3,986,082 | 65% |
| Total | 6,132,433 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Innovision Limited KPI Information
| 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 |
| Pat Margin % | 4.17 | 3.25 | 2.01 | 3.48 |
Peers Comparison
| 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 |
About Innovision Limited
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.
Innovision IPO Promoters
- Lt Col Randeep Hundal
- Uday Pal Singh
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
74.99%
Innovision IPO Objective
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
Innovision Limited Address / Contact Details
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
Innovision IPO Lot Size
The Innovision IPO has a lot size of 27 shares. Retail investors require a minimum investment of ₹14,796 by applying for 1 lot (27 shares). The maximum application allowed for the retail category is 13 lots (351 shares), requiring an investment of ₹1,92,348.
| 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 |
Issue Reservation
- QIB — 1%
- NII — 34%
- RII — 65%
Book Running Lead Managers
- Emkay Global Financial Services Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Innovision IPO?
Innovision IPO is a Book-building IPO with a total issue size of ₹323 crore. The Innovision IPO price band is ₹494 to 519 per share. The Innovision IPO subscription opens on Tue, Mar 10, 2026, and closes on Tue, Mar 17, 2026. The Innovision IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Innovision IPO.
When will the Innovision IPO open for subscription?
The Innovision IPO opens on Tue, Mar 10, 2026 and closes on Tue, Mar 17, 2026
What is Innovision IPO Price Band?
Innovision IPO Price Band is ₹494 to 519 per share.
What is Innovision IPO Lot Size?
Innovision IPO lot size is 27 shares, Retail investors need a minimum investment of ₹14013 based on the upper price band
What is the minimum investment for Innovision IPO?
The minimum investment for Innovision IPO is ₹14013, based on one lot of 27 shares at the upper price band of ₹519 per share.
How to apply for Innovision IPO?
Investors can apply for the Innovision IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Mar 17, 2026. The application amount remains blocked until the Innovision IPO allotment is finalized.
What is Innovision IPO Issue Size?
Innovision IPO issue size is ₹323 crores.
What is the Innovision IPO Allotment Date?
Innovision IPO allotment date is Wed, Mar 18, 2026.
Who is the Innovision IPO Registrar?
The registrar for Innovision IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Innovision IPO allotment status, refund processing, and other IPO-related information.
What is the Innovision IPO GMP?
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 -17.73% over the issue price.
Who is the Innovision IPO Lead Manager?
The book-running lead managers (BRLMs) for the Innovision IPO are Emkay Global Financial Services Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Innovision IPO Red Herring Prospectus (RHP).