Innovision IPO is a book built issue, the total size of which has been fixed at ₹322.84 crore. This IPO includes 0.47 crore fresh issue of ₹255.00 crore and offer for sale of 0.12 crore shares worth ₹67.84 crore. Investors can bid for this IPO from 10 March 2026 to March 12, 2026. The allotment of shares is expected to take place on March 13, 2026, while its probable listing on BSE and NSE is scheduled for 17 March, 2026.
Innovision IPO Overview
From investment point of view, the price band of this IPO has been kept at ₹ 521 to ₹ 548 per share. The minimum lot size for retail investors is 27 shares, which would require an investment of ₹14,796 based on the upper price. Whereas, minimum investment of 14 lots (₹2,07,144) is mandatory for sNII category and 68 lots (₹10,06,128) for bNII category. The issue provides a strategic opportunity to investors to be a part of the growth journey of the company.
| Details | Descriptions |
|---|---|
| IPO Date | 10 to 12 Mar, 2026 |
| Listing Date | Tue, Mar 17, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹521 to ₹548 |
| Lot Size | 27 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 23,05,200 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 1,16,400 shares (agg. up to ₹1 Cr) |
| Net Offered to Public | 21,88,800 shares (agg. up to ₹26 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,89,00,000 shares |
| Share Holding Post Issue | 2,35,53,284 shares |
Innovision IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Tue, Mar 10, 2026 |
| IPO Close Date | Thu, Mar 12, 2026 |
| Tentative Allotment | Fri, Mar 13, 2026 |
| Initiation of Refunds | Mon, Mar 16, 2026 |
| Credit of Shares to Demat | Mon, Mar 16, 2026 |
| Tentative Listing Date | Tue, Mar 17, 2026 |
Innovision IPO Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 27 | ₹14,796 |
| Individual investors (Retail) (Max) | 13 | 351 | ₹1,92,348 |
| S-HNI (Min) | 14 | 378 | ₹2,07,144 |
| S-HNI (Max) | 67 | 1,809 | ₹9,91,332 |
| B-HNI (Min) | 68 | 1,836 | ₹10,06,128 |
Innovision IPO Anchor Investors
| Details | Promoter Holding (%) |
|---|---|
| Bid Date | – |
| Shares Offered | – |
| Anchor Portion (₹ Cr.) | – |
| Anchor lock-in period end date for 50% shares (30 Days) | – |
| Anchor lock-in period end date for remaining shares (90 Days) | – |
Overview of Innovision
Established in the year 2007, Innovision Limited is a reputed company providing Manpower Services, Toll Plaza Management and Skill Development Training across India. The company’s network is quite vast, with a total of 35 offices including registered and corporate offices across India. As per the data till January 15, 2026, Innovision Limited is actively providing its services in 23 states and 5 union territories of India.
The company’s manpower services are primarily divided into three operating segments:
- Manned Private Security Services (Security Guard Services)
- Integrated Facility Management (IFM) 3. Manpower Sourcing and Payroll Management
- Client base and training facilities
As of January 15, 2026, the company is serving more than 180 customers across sectors, with more than 1,000 client premises being managed by Innovision. The company is active in key sectors such as retail, healthcare, warehousing, logistics and BFSI. Its major customers include big names like Max Healthcare Limited, Stellar Value Chain and Sequel Logistics. Apart from this, the company also provides physical and classroom training to the security personnel under the ‘Private Security Agency Regulatory Act, 2025’ at its training center located at Rewari (Turkiyawas), Haryana.
Key Competitive Strengths
- Wide Geographic Presence: Strong network spread across India.
- Diverse Portfolio: A wide range of manpower services.
- Experienced Team: Skilled management and leadership of the operational team.
- Scalable models: Established systems and processes that support business expansion.
- Legal Proficiency: In-depth knowledge of labor regulations and domain along with recruiting ability.
Company Financials
Innovision Financial Information (Restated Standalone)
| 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 |
Key Performance Indicator (KPI)
The market cap. of Innovision IPO is ₹1,290.72 Crores.
KPI as of Mon, Sep 30, 2025, & Mar 31, 2025
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 19.55% | 52.77% |
| ROCE | 18.19% | 40.77% |
| Debt/Equity | 1.10 | 0.97 |
| RoNW | 19.55% | 35.45% |
| PAT Margin | 4.17% | 3.25% |
| EBITDA Margin | 6.34% | 5.79% |
| Price to Book Value | – | 12.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 15.36 | 16.99 |
| P/E (x) | 35.69 | 32.26 |
| Promoter Holding | 100% | 74.99% |
Innovision IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company | 51.00 |
| Funding working capital requirements of the Company | 119.00 |
| General Corporate Purposes | – |
| Total | 170.00 |
Innovision IPO Contact Details
- Innovision Ltd.
- 1/209, First Floor,
- Sadar Bazar,
- Delhi Cantt,
- Delhi, New Delhi, 110010
- +91 011 208 9790
- cs@innovision.co.in
- Website: https://www.innovision.co.in/
Innovision IPO Registrar
Kfin Technologies Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 04067162222, 04079611000 |
| Email: | innovision.ipo@kfintech.com |
| Website: | https://ipostatus.kfintech.com/ |
Innovision IPO FAQs
When Innovision IPO become available?
The IPO will open on Tue, Mar 10, 2026.
What is the minimum lot size for the Innovision IPO?
The minimum lot size is 27 shares.
When will the shares for the Innovision IPO be allotted?
The allotment is expected to be finalized on Fri, Mar 13, 2026.
What is the expected listing date for the Innovision IPO?
The tentative listing date is Tue, Mar 17, 2026.
How can I apply for the Innovision IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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