One of the well-known providers of manpower services, toll plaza management, and skill development training Innovision Limited received the nod from the market regulator Securities and Exchange Board of India (SEBI) which was filed to the regulator on December 13, 2024.
The IPO includes fresh issues worth ₹255 crore and an Offer-for-sale component of 17.71 lakh equity shares by promoters. The equity shares of this IPO will be listed on NSE and BSE.
The promoters of the company Lt Col Randeep Hundal and Uday Pal Singh will be selling up to 8.85 lakh shares via the Offer-for-Sale component.
The book-running lead manager of the issue is Emkay Global Financial Services Limited, whereas KFin Technologies Limited is the registrar of the issue.
Innovision Limited is planning to utilize the proceeds raised from fresh issues for various purposes as the company will use the funds worth ₹43 crores for the repayment and prepayment from certain borrowings, and ₹127 crores will be utilized for working capital requirements, while the remaining funds will be used for the company’s general corporate purposes.
Incorporated in 2007, Innovision Limited is involved in the business of providing manned private security services, integrated facility management (“IFM”) services, manpower sourcing and payroll services. Their manpower services incorporate a wide range of industries such as healthcare, warehousing, logistics, government departments, retail, and BFS. The company Innovision Ltd established its presence across various sectors by providing services to over 200 clients and offering services at over 1,300 client locations as of September 30, 2024.
In FY24, the company generated a revenue of ₹510.33 crore from operations and generated an ROCE of ₹27.08 crore, respectively.
Innovision IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Innovision Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹211.23 | ₹206.77 | ₹4.05 |
| 2023 | ₹257.62 | ₹247.32 | ₹8.88 |
| 2024 | ₹512.13 | ₹501.16 | ₹10.13 |
| June 2024 | ₹199.22 | ₹189.45 | ₹7.38 |
Innovision IPO Valuation – FY2024
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.
| Earning Per Share (EPS): | ₹6.22 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.40% |
| Net Asset Value (NAV): | ₹27.62 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Krystal Integrated Services Limited | 42.30 | 17.04 | 13.03% | 269.30 | 1,026.85 Cr. |
| Updater Services Limited | 11.36 | 28.16 | 7.83% | 126.40 | 2,444.36 Cr. |
| SIS Limited | 12.87 | 32.12 | 7.87% | 167.50 | 12,261.43 Cr. |
| Quess Corp limited | 18.72 | 37.28 | 9.46% | 199.60 | 19,100.13 Cr. |
Objects of the Issue
- Repayment or pre-payment, in part or full, of all or certain borrowings availed by our Company
- Funding working capital requirements of our Company; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Emkay Global Financial Services Ltd.
