Innovision IPO Details
| IPO Open Date | March 10, 2026 |
| IPO Close Date | March 17, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹494 to ā¹519 Per Share |
| Issue Size | Approx ā¹306 Crores |
| Fresh Issue | Approx ā¹242 Crores |
| Offer for Sale: | Approx 12,38,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Innovision IPO Review & Key Points
- Review: Avoid
Innovision IPO Market Lot
The Innovision IPO minimum market lot is 27 shares with ā¹14,013 application amount. The retail investors can apply up-to 13 lots with 378 shares of ā¹1,96,182 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 27 | ā¹14,013 |
| Retail Maximum | 14 | 378 | ā¹1,96,182 |
| S-HNI Minimum | 15 | 405 | ā¹2,10,195 |
| S-HNI Maximum | 71 | 1,917 | ā¹9,94,923 |
| B-HNI Minimum | 72 | 1,944 | ā¹10,08,936 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 58,913 Shares | 1% |
| NII Shares Offered | 20,03,037 Shares | 34% |
| Retail Shares Offered | 38,29,335 Shares | 65% |
Innovision IPO Dates
The Innovision IPO date is March 10 and the close date is March 17. The Innovision IPO allotment will be finalized on March 18 and the IPO listing on March 23.
| IPO Open Date: | March 10, 2026 |
| IPO Close Date: | March 17, 2026 |
| Basis of Allotment: | March 18, 2026 |
| Refunds: | March 19, 2026 |
| Credit to Demat Account: | March 19, 2026 |
| IPO Listing Date: | March 23, 2026 |
| IPO Bidding Cut-off Time: | March 17, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Lt Col Randeep Hundal and Uday Pal Singh.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,89,00,000 | 100% |
| Promoter Holding Post Issue | 2,35,53,284 | 74.99% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company | ā¹51.00 |
| Funding working capital requirements of the Company | ā¹119.00 |
| General Corporate Purpose | ā¹- |
About Innovision IPO
Set up in 2007, Innovision Limited offers manpower services, manages toll plazas, and provides skill development training across India. As of January 16, 2026, the firm operates 35 offices across 23 states and 5 union territories in India. Its manpower services are divided into 3 segments: Manned Private Security Services, Integrated Facility Management (IFM) Services, and Manpower Sourcing and Payroll.
Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics are among the company’s major customers. Its services are catered to retail, healthcare, warehousing, logistics, and BFSI sectors. So far, the firm has served over 180 clients. Moreover, the firm also offers training to security guards at its training centre in Rewari, Haryana, following government rules.
Innovision IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹257.62 | ā¹247.32 | ā¹8.88 | ā¹108.17 |
| 2024 | ā¹512.13 | ā¹501.16 | ā¹10.27 | ā¹157.05 |
| 2025 | ā¹895.95 | ā¹856.90 | ā¹29.02 | ā¹220.30 |
| Sep 2025 | ā¹483.10 | ā¹459.53 | ā¹20.00 | ā¹271.66 |
Innovision IPO Valuation – FY2025
Check Innovision IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 35.45% |
| ROCE: | 40.77% |
| EBITDA Margin: | 5.79% |
| PAT Margin: | 3.25% |
| Debt to equity ratio: | 0.97 |
| Earning Per Share (EPS): | ā¹15.62 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 35.45% |
| Net Asset Value (NAV): | ā¹43.32 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Krystal Integrated Services Limited | 44.61 | 13.47 | 14.30% | 312.92 | 1,212.78 Cr. |
| Updater Services Limited | 17.70 | 8.62 | 12.33% | 144.07 | 2,736.06 Cr. |
| SIS Limited | 0.81 | 401.85 | 0.49% | 166.79 | 13,189.04 Cr. |
| Quess Corp Limited | 3.07 | 63.37 | 4.23% | 72.92 | 14,967.20 Cr. |
| Highway Infrastructure Ltd | 3.40 | 15.15 | 19.03% | 20.37 | 495.72 Cr. |
IPO Lead Managers aka Merchant Bankers
- Emkay Global Financial Services Ltd.
Company Address
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 Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: innovision.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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Note: The Innovision IPO price band and date are officially announced. The (Innovision IPO grey market premium) will be added to the IPO GMP page as it will start).
