Innovision IPO open date is March 10, 2026 and the IPO will close on March 12, 2026. Innovision IPO is a Book build Issue. The company to raise around ₹323 crores via IPO that comprises fresh issue of ₹255 crores and offer for sale up to 12,38,000 equity shares with face value of ₹10 each.
Innovision IPO price band is ₹521 to ₹548 per share. The retail quota is 65%, QIB is 1%, and HNI is 34%. Innovision IPO to list on BSE, NSE on March 17, 2026. The allotment of Innovision IPO date is March 13, 2026.
The company reported revenue of ₹895.95 crores in 2025 against ₹512.13 crores in 2024. The company reported profit of ₹29.02 crores in 2025 against profit of ₹10.27 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.
March 10, 2026 – March 12, 2026
| GMP Rumors * | ₹0 |
|---|---|
| Price | ₹521 - ₹548 |
| Lot size | 27 |
| Issue size | ₹322.84 cr |
| Allotment | Mar 13, 2026 |
| Listing | Mar 17, 2026 |
Innovision Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 27 | 14796 | 141827 |
| sHNI | 14 | 378 | 207144 | 1766 |
| bHNI | 68 | 1836 | 1006128 | 3533 |
Innovision Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 5891285 | 100% |
| QIB | 58913 | 1% |
| HNI | 2003037 | 34% |
| Retail | 3829335 | 65% |
Innovision About
IPO Details
| Total Issue Size | 58,91,285 shares (aggregating up to ₹322.84 Cr) |
| Fresh Issue | 4,653,285 shares (aggregating up to ₹255.00 Cr) |
| Offer For Sale | 1,238,000 shares (aggregating up to ₹67.84 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE , NSE |
| Share Holding Pre Issue | 18,900,000 shares |
| Share Holding Post Issue | * shares |
Key Performance Indicators (KPI)
| KPI | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROE | 19.55% | 35.45% | 19.62% | 22.06% |
| ROCE | 18.19% | 40.77% | 26.92% | 32.05% |
| EPS (BASIC) | 10.82 | 15.62 | 6.29 | 5.01 |
Company Financial (In ₹Crore)
| Period Ended | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 271.66 | 220.3 | 157.05 | 108.17 |
| Total Income | 483.1 | 895.95 | 512.13 | 257.62 |
| Profit After Tax | 20 | 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 |
Peer Comparison (Valuation)
| Company | P/E (x) | Face value (₹) |
|---|---|---|
| Innovision Limited | 10.00 | |
| Krystal Integrated Services Limited | 13.47 | 10.00 |
| Updater Services Limited | 8.62 | 10.00 |
| SIS Limited | 401.85 | 5.00 |
| Quess Corp limited | 63.37 | 10.00 |
| Highway Infrastructure Ltd | 15.15 | 5.00 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Innovision Limited | 43.32 | 35.45 | 15.62 |
| Krystal Integrated Services Limited | 312.92 | 14.30 | 44.61 |
| Updater Services Limited | 144.07 | 12.33 | 17.70 |
| SIS Limited | 166.79 | 0.49 | 0.81 |
| Quess Corp limited | 72.92 | 4.23 | 3.07 |
| Highway Infrastructure Ltd | 20.37 | 19.03 | 3.40 |
About Company
Incorporated in 2007, Innovision Limited provides services in manpower deployment, toll plaza management, and skill development training. Its manpower services are organized into three primary segments:
- Manned Private Security Services
- Integrated Facility Management (IFM) Services
- Manpower Sourcing and Payroll Management
In addition, the Company manages toll plaza operations and provides professional training programs for security personnel.
Innovision Limited is a workforce solutions and facility management company specializing in providing integrated services for businesses across India. The Company focuses on delivering comprehensive solutions for blue-collar workforce requirements, catering to clients ranging from small enterprises to large corporations across multiple industries. By supplying skilled manpower and operational support services, the Company aims to enhance workforce efficiency and operational performance for its clients.
The Company holds multiple international certifications, including ISO 9001:2008, ISO 27001:2013, ISO 8000:2014, ISO 14001:2015, ISO 18788:2018, and ISO 45001:2018, reflecting its adherence to quality management, security standards, environmental responsibility, and occupational safety practices.
Training & Client Base
Innovision also operates a training centre in Turkiawas, Rewari, Haryana, where it provides classroom and physical training programs for security personnel in accordance with the Private Security Agency Regulatory Act.
The Company’s client base includes organizations such as Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics, among others, highlighting its presence across diverse sectors.
Strength
Diverse Manpower Service Portfolio: Provides a wide range of manpower services across multiple sectors, enabling customized solutions that support client acquisition, retention, and evolving business needs.
Scalable Systems & Processes: Standardized recruitment, training, and operational processes supported by data-driven performance monitoring help ensure service quality and enable scalable business operations.
Strong Recruitment Expertise: Backed by an in-house team of 100+ professionals and a large candidate database, with strong domain knowledge and labour law expertise, ensuring reliable and efficient staffing solutions.
Weakness
Debarment and Contract Compliance Risk: The Company has received debarment notices from certain clients and has challenged one such order in court. Any continued or future debarment may restrict participation in tenders and adversely impact revenue and reputation.
NHAI Debarment Impact: NHAI issued a debarment order in July 2025, which is currently stayed by the Delhi High Court. If the order continues or assumptions regarding its impact prove incorrect, it may affect business operations and the planned utilisation of IPO funds.
Promoter Expense Governance Risk: Certain personal expenses of the Promoter were charged to the Company’s corporate credit card in FY2025 and later adjusted. Recurrence of such instances may impact corporate governance and financial operations.
Innovision Ltd. Address
1/209, First Floor,
Sadar Bazar,
Delhi Cantt,
Delhi, New Delhi, 110010
Phone: +91 011 208 9790
E-mail: cs@innovision.co.in
Website: https://www.innovision.co.in/