IPO Details
| IPO Date | 10 to 17 Mar, 2026 |
| Listing Date | Mon, Mar 23, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹494 to ₹519 |
| Issue Price | ₹519 per share |
| Lot Size | 27 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 61,51,294 shares (agg. up to ₹ 319 Cr) |
| Fresh Issue | 49,13,294 shares (agg. up to ₹ 255 Cr) |
| Offer for Sale | 12,38,000 shares of ₹ 10 (agg. up to ₹ 64 Cr) |
| Share Holding Pre Issue | 1,89,00,000 shares |
| Share Holding Post Issue | 2,38,13,294 shares |
| BSE Script Code / NSE Symbol | 544732 / INNOVISION |
| ISIN | INE0ADB01012 |
IPO Subscription Details
| QIB (Ex Anchor) | 14.30 |
| NII | 8.60 |
| bNII (> ₹10L) | 10.29 |
| sNII (< ₹10L) | 5.22 |
| Retail | 0.60 |
| Total ** | 3.46 |
IPO Important Dates
| IPO Open | Tue, Mar 10, 2026 |
| IPO Close | Tue, Mar 17, 2026 |
| Allotment | Wed, Mar 18, 2026 |
| Refund | Fri, Mar 20, 2026 |
| Credit of Shares | Fri, Mar 20, 2026 |
| Listing | Mon, Mar 23, 2026 |
IPO Lot Size
| Retail (Min) | 1 | 27 | ₹14,013 |
| Retail (Max) | 14 | 378 | ₹1,96,182 |
| S-HNI (Min) | 15 | 405 | ₹2,10,195 |
| S-HNI (Max) | 71 | 1,917 | ₹9,94,923 |
| B-HNI (Min) | 72 | 1,944 | ₹10,08,936 |
Key Performance Indicator
| ROE | 19.55% |
| ROCE | 18.19% |
| Debt/Equity | 1.10 |
| RoNW | 19.55% |
| PAT Margin | 4.17% |
| EBITDA Margin | 6.34% |
| Price to Book Value | |
Information about company
Incorporated in 2007, Innovision Limited provides manpower services, toll plaza management, and skill development training to clients across India. The company has 35 offices, including registered and corporate offices, across India. As of Jan 15, 2026, Innovision Limited operates in in 23 states and 5 union territories of India.
Manpower Services comprises 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 served more than 180 clients across various sectors and rendered services to over 1,000 client premises.
The company serves customers across sectors including retail, healthcare, warehousing, logistics and BFSI. Max Healthcare Limited, Stellar Value Chain and Sequel Logistics are some of the customers.
Innovision Limited also provides physical and classroom training to security personnel by the Private Security Agency Regulatory Act, 2025 at a training centre located at Turkiawas, Rewari, Haryana.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company 51.00 2 Funding working capital requirements of the Company 119.00 3 General Corporate Purposes 39.80 Total 209.80
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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Day Wise Sub
| Mar 1
0 (Day 1) | 1.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 |
| Mar 1
1 (Day 2) | 1.00 | 0.20 | 0.28 | 0.03 | 0.07 | 0.12 |
| Mar 1
2 (Day 3) | 1.03 | 0.38 | 0.41 | 0.32 | 0.29 | 0.33 |
| Mar 1
3 (Day 4) | 0.99 | 0.36 | 0.39 | 0.31 | 0.27 | 0.31 |
| Mar 1
6 (Day 5) | 13.09 | 2.73 | 3.80 | 0.59 | 0.29 | 1.25 |
| Mar 1
7 (Day 6) | 14.30 | 8.60 | 10.29 | 5.22 | 0.60 | 3.46 |
Day Wise GMP
| 23-03-2026 | 519.00 | -92(-17.73%) | 427 |
| 22-03-2026 | 519.00 | -92(-17.73%) | 427 |
| 21-03-2026 | 519.00 | -77(-14.84%) | 442 |
| 20-03-2026 | 519.00 | -90(-17.34%) | 429 |
| 19-03-2026 | 519.00 | -88(-16.96%) | 431 |
| 18-03-2026 | 519.00 | -62(-11.95%) | 457 |
| 17-03-2026 | 519.00 | -28(-5.39%) | 491 |
| 16-03-2026 | 519.00 | 26(5.01%) | 545 |
| 15-03-2026 | 519.00 | 19(3.66%) | 538 |
| 14-03-2026 | 519.00 | 20(3.85%) | 539 |
| 13-03-2026 | 519.00 | 7(1.35%) | 526 |
| 12-03-2026 | 519.00 | 0(0.00%) | 519 |
| 11-03-2026 | 548.00 | 66(12.04%) | 614 |
| 10-03-2026 | 548.00 | 0(0.00%) | 548 |
| 09-03-2026 | 548.00 | 0(0.00%) | 548 |
| 08-03-2026 | 548.00 | 0(0.00%) | 548 |
| 07-03-2026 | 548.00 | 0(0.00%) | 548 |
| 06-03-2026 | 548.00 | 0(0.00%) | 548 |
| 05-03-2026 | 548.00 | 0(0.00%) | 548 |
| 04-03-2026 | | 0(%) | (%) |
IPO Reservation
| QIB Shares Offered | 61,512 (1.00%) |
| NII (HNI) Shares Offered | 20,91,440 (34.00%) |
| − bNII > ₹10L | 13,94,294 (22.67%) |
| − sNII < ₹10L | 6,97,146 (11.33%) |
| Retail Shares Offered | 39,98,342 (65.00%) |
| Total Shares Offered | 61,51,294 (100.00%) |
