Innovision Limited IPO

Mainboard

Road Assets–Toll, Annuity, Hybrid-Annuity

Listed On: Mar 23, 2026 at ₹ 467.7(NSE)

₹ 14013 /27 Shares
Minimum Investment

Check Allotment

10 Mar, 2026

Open Date

17 Mar, 2026

Close Date

18 Mar, 2026

Allotment Date

23 Mar, 2026

Listing Date

Price Summary

Last Closing

322.00 (-37.96%)

52 Week High

470.00

52 Week Low

303.50

Last Update

20-Apr-2026 3:30 PM

Expected Premium

₹ -85 - -92 (-16%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Innovision Limited IPO Live Subscription Details

View Subscription Details

QIB 14.30x

Retail 0.60x

NIIs 8.60x

BHNI 10.29x

SHNI 5.22x

Retail 0.60x

Total 3.46x

Last updated: 17 Mar 2026, 05:57 PM

Innovision Limited IPO Issue Details

Issue Price ₹494-519 per equity share
Face Value ₹10 Per Equity Share
Total Issue Size 61,51,295 shares(aggregating up to ₹319.25 crore)
Fresh Share 49,13,295 shares(aggregating up to ₹255 crore)
Offer For Sale 12,38,000 shares(aggregating up to ₹64.25 crore)
Listing at BSE, NSE
List Price 467.7(NSE)
Listing Date 2026-03-23
Lead Manager Emkay Global Financial Services Ltd.
Registrar Kfin Technologies Ltd.

Market Lot Size

Investors can bid for a minimum of 27 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	27	₹14,013
Retail(max)	14	378	₹1,96,182
SHNI(min)	15	405	₹2,10,195
SHNI(max)	71	1,917	₹9,94,923
BHNI(min)	72	1,944	₹10,08,936

Innovision Limited IPO Reservation

Innovision Limited IPO offers total 6151294 shares. Out of which 61513 (1%) allocated to QIB, 2091440 (34%) allocated to NII,3998341 (65%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
QIB Shares Offered	61513 (1%)
NII (HNI) Shares Offered	2091440 (34%)
bNII > ₹10L	1394498 (22.5%)
sNII < ₹10L	696942 (11.5%)
Retail Shares Offered	3998341 (65%)
Total Shares Offered	6151294 (100%)

Innovision Limited IPO Documents

DRHP

RHP

Innovision Limited IPO Details

Innovision Limited IPO is a book-built issue of ₹319.25 crores, The total issue size is ₹319.25 crores. The IPO of Innovision Limited is priced at ₹494-519 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Mar 10, 2026 and ends on Mar 17, 2026. The allotment for Innovision Limited IPO will be finalized on Mar 18, 2026. Innovision Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 23, 2026. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Ltd. is the registrar of the issue.

Retail investors can bid for a minimum of 27 shares, extendable to 14,013. S-HNIs will be able to bid for 405 shares at ₹2,10,195, while B-HNIs can also apply for a bid of 1,944 shares at ₹10,08,936. The book-running lead manager for the IPO is/are Emkay Global Financial Services Ltd..

The total issue ₹319.25 crore, comprising a fresh issue of 49,13,295 shares ₹255 crore and having Offer for Sale (OFS) of 12,38,000 shares to mop up ₹64.25 crore.

The Innovision Limited IPO sets its price band at 494-519 for each share. A single application for Innovision Limited IPO must contain at least 27 shares. Sentiment investors need to invest a minimum of 27 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,013 In order to participate in the sNII, investors must purchase at least 15 lots of 405 shares for ₹2,10,195, while the bNII requires 72 lots of 1,944 shares for an investment of ₹10,08,936.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	61,513	20,91,440 13,94,498 6,96,942	39,98,341	61,51,294
Day 1 10-03-26 05:00 PM	1.00 x	0.00 x 0.00 x 0.00 x	0.02 x	0.02 x
Day 2 11-03-26 05:00 PM	1.00 x	0.20 x 0.28 x 0.03 x	0.07 x	0.12 x
Day 3 12-03-26 05:00 PM	1.03 x	0.38 x 0.41 x 0.32 x	0.29 x	0.33 x
Day 4 13-03-26 05:00 PM	0.99 x	0.36 x 0.39 x 0.31 x	0.27 x	0.31 x
Day 5 16-03-26 05:00 PM	13.09 x	2.73 x 3.80 x 0.59 x	0.29 x	1.25 x
Day 6 17-03-26 05:00 PM	14.30 x	8.60 x 10.29 x 5.22 x	0.60 x	3.46 x

Total No of Applications

84,450

Subscription on the basis of Applications

Retail:0.46x BHNI:2.02x SHNI:5.2x

Innovision Limited Valuations

EPS Pre IPO ₹15.36/-

EPS Post IPO ₹16.99/-

P/E Pre IPO 35.69

P/E Post IPO 32.26

ROE 35.45%

ROCE 40.77%

Debt/Equity 0.97

RoNW 35.45%

PAT Margin 3.25%

Price to Book Value 12.65

Market Cap. 1290.72 Cr.

Innovision Limited Company Financials

In Crs.

In Cr.

	30-Sep-25	31-Mar-25	31-Mar-24	31-Mar-23
Assets	271.66	220.30	157.05	108.17
Revenue	483.10	895.95	512.13	257.62
Profit After Tax	20.00	29.02	10.27	8.88
Net Worth	102.33	81.88	52.35	40.26
Reserves & Surplus	83.43	62.98	33.45	38.91
Total Borrowing	112.39	79.05	48.15	33.34

About Innovision Limited Company

Incorporated in 2007, Innovision Limited is a company that provides Manpower Services, Toll Plaza Management, and Skill Development Training to its clients in India. It has 35 offices, including registered offices and corporate offices, in India. As of Jan 15, 2026, Innovision Limited has operations in 23 states and 5 union territories in India.
Manpower Services has 3 operational segments as follows: Manned Private Security Services, Integrated Facility Management (IFM) Services, and Manpower Sourcing and Payroll.
As of Jan 15, 2026, the company has more than 180 clients in various sectors and has rendered its services to more than 1,000 client premises.The company serves customers in different sectors, including retail, healthcare, warehousing, logistics, and BFSI. Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics are some of the customers of the company.
Innovision Limited also provides physical and classroom training to security personnel under the Private Security Agency Regulatory Act, 2025, at its own training center at Turkiawas, Rewari, Haryana.

Innovision Limited - Promoter(s)

Lt Col Randeep Hundal

Uday Pal Singh

Pre Issue Share Holding : 100%

Post Issue Share Holding : 74.99%

Innovision Limited IPO - Issue Objectives

Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company - ₹51 Cr.

Funding working capital requirements of the Company - ₹119 Cr.

General Corporate Purposes

Strength

Diverse Manpower Service Portfolio: Offers a broad range of manpower services in different fields, hence providing a customized solution that meets the acquisition, retention, and ever-changing needs of the client

Scalable Systems & Processes: Standardized systems and processes in recruitment, training, and operations, along with performance data monitoring, provide quality service and scalable business operations.

Strong Recruitment Expertise: With in-house expertise from a team of over 100 professionals and a large candidate pool, we provide domain and labor law expertise in staffing solutions.

Weakness

Debarment and Contract Compliance Risk: The company has received debarment orders from some of its clients and has filed a case against one such order in court. If the company is debarred, it may impact its business operations and revenue.

NHAI Debarment Impact: The company received a debarment order from NHAI in July 2025, which is currently stayed by the Delhi High Court. If the debarment continues or if the assumptions regarding its impact are found to be wrong, it may impact business operations and the utilization of funds raised in the IPO.

Pricing pressure from clients, statutory payments, and a competitive bidding process could adversely affect the profit margin and ability to increase our prices, which in turn could have an adverse impact on the business, results of operations, and financial condition.

Contact Details

Innovision Limited

1/209, First Floor, Sadar Bazar, Delhi Cantt, Delhi, New Delhi, 110010

+91 011 208 9790

cs@innovision.co.in

https://www.innovision.co.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

innovision.ipo@kfintech.com

https://ipostatus.kfintech.com/

Innovision Limited IPO - FAQs

Ans. Innovision Limited IPO is a Mainboard IPO. The issue is priced at ₹494-519 per equity share. The minimum order quantity is 27 Shares. The IPO opens on Mar 10, 2026, and closes on Mar 17, 2026. Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Innovision Limited IPO opens on Mar 10, 2026 and closes on Mar 17, 2026.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of Innovision Limited IPO is ₹319.25 Crores.

Ans. The Innovision Limited IPO price band is set between ₹494-519 per equity share.

Ans. To apply for Innovision Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Innovision Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Innovision Limited IPO is Mar 18, 2026.

Ans. The Innovision Limited IPO will be listed on Mar 23, 2026.

Ans. Follow the steps to check the Innovision Limited IPO allotment status online.