Innovision Ltd IPO – 2026 Issue Details, Price Band, GMP & Listing Date
Latest Grey Market Premium & IPO Details
Innovision limited IPO 2026 – Key Info & Highlights
The Innovision Ltd IPO opens on March 10, 2026 and closes on March 17, 2026. The company aims to raise ₹319.25 crore through a mix of fresh issue and offer for sale. The IPO price band is fixed at ₹494–₹519 per share, with a minimum retail investment of ₹14,013
📌 IPO Details
| Company Name | Innovision limited IPO |
|---|---|
| Sector / Industry | Diversified Commercial Services |
| IPO Open Date | 10-03-2026 |
| IPO Close Date | 17-03-2026 |
| Allotment Date | 18-03-2026 |
| Refund Date | 20-03-2026 |
| Share Credit Date | 20-03-2026 |
| Listing Date | 23-03-2026 |
| Price Band | ₹494 - ₹519 |
| Lot Size | 27 Shares |
| Min Investment | ₹14,013 |
| Net Issue Size | ₹319.25 Cr |
| Fresh Issue | ₹255.00 Cr |
| OFS | ₹64.25 Cr |
| IPO Listing At | BSE NSE |
| DRHP | View DRHP |
| RHP | View RHP |
| Final Prospectus | https://www.sebi.gov.in/filings/public-issues/mar-2026/innovision-limited-prospectus_100489.html |
| Issue Type | Book Build Issue |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 100.00 % |
| Promoter Holding Post IPO | 74.17% |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 65% |
| QIB (Qualified Institutional Buyers) | 1% |
| HNI (High Net Worth Individuals) | 34% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 23-03-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 23-03-2026 10:00 |
| 22-03-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 22-03-2026 23:20 |
| 21-03-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 21-03-2026 23:20 |
📝 About Innovision limited
Innovision Ltd. is an India-based service company engaged in manpower solutions, toll plaza management, and skill development training. The company was incorporated in 2007 and has gradually expanded its operations across multiple sectors by providing workforce management and operational support services to organizations across the country.
Over the years, Innovision has built a strong presence across India with 35 offices including its registered and corporate offices. As of September 30, 2024, the company operates in 22 states and 3 union territories, providing services to more than 200 clients at over 1,300 locations. Its client base includes companies from healthcare, logistics, infrastructure, retail, and corporate sectors. Some of its notable clients include Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics.
The core business of Innovision revolves around manpower services, which are divided into three main segments: Manned Private Security Services, Integrated Facility Management (IFM) Services, and Manpower Sourcing with Payroll Management. Through these services, the company provides trained personnel and operational support to organizations that prefer outsourcing workforce management rather than maintaining large in-house teams. This model enables Innovision to generate stable and recurring revenue through long-term service contracts with its clients.
In addition to manpower services, Innovision is also involved in toll plaza management. Under this segment, the company manages toll collection and traffic operations at highway toll plazas through contracts obtained via competitive bidding. With the continuous expansion of highway infrastructure projects in India, this segment has emerged as an important revenue contributor for the company.
The company also focuses on skill development and professional training. Innovision operates a training center located at Turkiawas, Rewari in Haryana, where it provides physical and classroom training programs for security personnel in compliance with regulatory standards. These programs help create a pool of skilled manpower that can be deployed across various client locations.
Supported by an in-house team of more than 95 professionals and a large database of staffing candidates, Innovision continues to strengthen its service capabilities. With its diversified service portfolio and wide operational network, the company aims to support businesses with efficient workforce solutions while expanding its presence in India’s growing manpower outsourcing and facility management industry.
Innovision limited Revised Financials
Innovision Ltd Financial Information (₹ in Crores)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 271.66 | 220.30 | 157.05 | 108.17 |
| Total Income | 483.10 | 895.95 | 512.13 | 257.62 |
| Profit After Tax | 20.00 | 29.02 | 10.27 | 8.88 |
| EBITDA | 30.42 | 51.75 | 19.66 | 16.36 |
| Net Worth | 102.33 | 81.88 | 52.35 | 40.26 |
| Reserves and Surplus | 83.43 | 62.98 | 33.45 | 38.91 |
| Total Borrowing | 112.39 | 79.05 | 48.15 | 33.34 |
Note: All financial figures are reported in ₹ Crores as per company financial statements.
Innovision Ltd Objects of Issue
- ₹51.00 Crore – Repayment / Prepayment of Borrowings – A portion of the IPO proceeds will be used to repay or prepay certain existing borrowings taken by the company. This step is expected to reduce the overall debt burden and improve the company’s financial position.
- ₹119.00 Crore – Working Capital Requirements – The company intends to utilize a significant part of the funds to meet its growing working capital needs. This will help Innovision support daily business operations, manage contracts efficiently, and strengthen operational capacity.
- ₹39.80 Crore – General Corporate Purposes – The balance funds from the issue will be used for general corporate purposes such as strengthening business operations, improving infrastructure, and supporting future growth initiatives.
- Total Issue Size – ₹209.80 Crore – The total proceeds from the IPO will be allocated across the above objectives to support the company’s financial stability and expansion plans.
Innovision Ltd Strengths
- Diversified Service Portfolio – Innovision operates across multiple business segments including manpower services, integrated facility management, toll plaza management, and staffing solutions. This diversified model allows the company to generate revenue from different industries and reduces dependence on a single service line.
- Pan-India Operational Presence – The company has a strong operational footprint across many states and union territories in India, serving clients at numerous locations and managing toll plazas as well as workforce deployments across sectors.
- Large Workforce Deployment Capability – Innovision maintains a large trained workforce and recruitment network, enabling it to provide manpower services and facility management support to a wide range of industries.
- Government Partnerships and Skill Development Programs – The company works with various government initiatives and training programs, providing skill development and employment opportunities while building a strong pipeline of trained personnel.
- Strong Client Base Across Multiple Industries – Innovision serves clients across sectors such as healthcare, logistics, retail, and government departments, helping the company maintain recurring service contracts and stable revenue streams.
Innovision Ltd Risks
- Dependence on Government and PSU Contracts – A significant portion of Innovision’s business comes from government agencies and public sector clients. Any change in government policies, project approvals, or budget allocations may impact the company’s ability to secure new contracts and affect revenue growth.
- High Client Concentration – A large share of the company’s revenue is generated from a limited number of key clients. Loss of any major client or reduction in contract value could have a negative impact on the company’s financial performance.
- Manpower-Intensive Business Model – The company’s operations rely heavily on a large workforce deployed across multiple client locations. Any difficulty in hiring, training, or retaining skilled manpower may disrupt operations and affect service quality.
- Dependence on Toll Plaza Management Contracts – The company’s toll management segment is largely dependent on contracts from agencies such as NHAI. Failure to win new bids or renewal of existing contracts may adversely affect this segment’s revenue.
- Legal and Regulatory Proceedings – The company is involved in certain legal, tax, and regulatory proceedings. Any unfavorable outcome in these cases could increase liabilities and negatively affect its financial condition.
- Past Debarment and Compliance Issues – The company has previously faced debarment notices from certain clients, including a toll authority contract dispute. Any recurrence of such actions may affect its reputation and ability to participate in future tenders.
- Outstanding Borrowings and Cash Flow Pressure – Innovision has outstanding debt and has reported periods of negative operating cash flows. If the company is unable to manage its debt or improve cash flows, it may affect future expansion and financial stability.
Company Information
Founded in: 2007
MD / CEO: Lt. Col. Randeep Hundal
Address: First Floor, 1/209, Sadar Bazaar, Delhi Cantonment, New Delhi, Delhi – 110010
Website: https://www.innovision.co.in
Phone: 0124-2341602, 0124-4387354
Email: contact@innovision.co.in
IPO Quick Info
10 Mar 2026
17 Mar 2026
Upcoming
Lead Manager(s)
- Emkay Global Financial Services Ltd.
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Frequently Asked Questions
Innovision IPO may attract investors who are interested in the manpower outsourcing, facility management, and infrastructure services sector. The company has a diversified service portfolio and operates across multiple states in India. However, investors should carefully evaluate the company’s financial performance and valuation before making an investment decision.