Innovision IPO Details
The key details of Innovision’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹319 Crores |
| Price Range | ₹494 – ₹519 |
| Retail Quota | 65% |
| QIB Quota | 1% |
| NII Quota | 34% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 27 |
| Investment (cut-off price) | ₹14,013 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | 74.99% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Innovision IPO Timelines
The IPO process for Innovision includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
10/03/2026
Start Date17/03/2026
End Date19/03/2026
Refund Initiation19/03/2026
Credit of Shares to Demat Ac20/03/2026
Listing DateInnovision IPO Lot Size
The Innovision IPO has a fixed lot size of 27 shares, at an upper price band of ₹519 per share. For retail investors, the minimum application is 27 shares (1 lot) amounting to ₹14,013, while the maximum is 378 shares (14 lots) worth ₹1,96,182. For Small HNI (S-HNI) investors, the minimum application is 405 shares (15 lots) worth ₹2,10,195, while the maximum is 1,917 shares (71 lots) amounting to ₹9,94,923. Big HNI (B-HNI) investors need to apply for at least 1,944 shares (72 lots), totaling ₹10,08,936.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 27 | ₹14,013 |
| Retail Maximum | 14 | 378 | ₹1,96,182 |
| S-HNI Minimum | 15 | 405 | ₹2,10,195 |
| S-HNI Maximum | 71 | 1917 | ₹9,94,923 |
| B-HNI Minimum | 72 | 1944 | ₹10,08,936 |
Innovision IPO Subscription Status
The subscription status for Innovision IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 0.99x | 0.36x | 0.27x | -- | 0.31x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Innovision IPO Company Financials
Innovision reports robust performance in FY2025 with Total Income of ₹895.95 crores, managing expenses at ₹856.90 crores, and achieving a strong PAT (Profit After Tax) of ₹29.02 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹257.62 | ₹247.32 | ₹8.88 |
| FY 2024 | ₹512.13 | ₹501.16 | ₹10.27 |
| FY 2025 | ₹895.95 | ₹856.90 | ₹29.02 |
| FY 2026 (6 M) | ₹483.10 | ₹459.53 | ₹20.00 |
About Company
Incorporated in 2007, Innovision Limited delivers manpower services, toll plaza management, and skill development training across India. Operations span 23 states and 5 union territories through a network of 35 offices, including registered and corporate offices. Services reach more than 180 clients across sectors such as retail, healthcare, warehousing, logistics, and BFSI, with presence at over 1,000 client premises. Key customers include Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics.
Manpower services consist of three operational segments: manned private security services, integrated facility management services, and manpower sourcing and payroll. Skill development initiatives include physical and classroom training programs for security personnel in accordance with the Private Security Agency Regulatory Act, 2025. Training activities take place at a dedicated centre located in Turkiawas, Rewari, Haryana.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2007 | Human Resources | Lt Col Randeep Hundal |
Know Before Investing
Innovision IPO Strengths
- Manpower supply generates steady cash flows from long-term corporate contracts while toll plaza operations provide recurring revenue visibility. Skill development programs tap government training schemes ensuring multi-year demand. Balanced mix reduces cyclicality versus pure-play peers.
- Promoters Lt Col Randeep Hundal and Uday Pal Singh bring proven track record in manpower deployment and infrastructure services. Defence background ensures disciplined execution in government contracts. Relationship networks facilitate tender wins.
- Toll operations benefit from highway expansion while manpower demand rises with industrial capex revival. Skill development aligns with government apprenticeship schemes creating multi-year visibility. National infrastructure push drives all segments simultaneously.
- Long-term concession agreements provide predictable cash flows insulated from economic cycles. Highway traffic growth ensures organic revenue escalation. Asset-light operations maximize capital returns versus capex-heavy infra.
Innovision IPO Risks
- Corporate headcount freezes during economic slowdowns directly impact deployment volumes. Wage inflation pressures margins absent pricing power. Contract renewals create revenue lumpiness.
- Revenue vulnerable to traffic declines, tariff revisions, and concession extensions. Policy changes impact collection efficiency and escalation formulas. Regional concentration exposes to highway-specific disruptions.
- TeamLease, Quess Corp, and regional staffing firms pressure pricing through scale advantages. Skilled labor shortages drive wage inflation. Corporate vendor consolidation risks key client loss.
- Government scheme dependency creates funding and enrollment volatility. Placement guarantee liabilities impact profitability. Policy shifts alter program viability unpredictably.
- Toll revenues sensitive to fuel prices, economic activity, and travel patterns. Highway capex slowdowns impact concession renewals. Regional economic disparities create uneven performance.
- Labour laws, toll collection norms, and skill certification standards demand continuous investment. Multiple state jurisdictions increase complexity. Non-compliance risks contract penalties and reputational damage.
Swot Analysis for Innovision IPO
Strengths
Blue-Collar Manpower Scale, Comprehensive HR Solutions, Regulatory Compliance Leadership
Weaknesses
Labour-Intensive Model, Commodity Service Perception, Working Capital Strain
Opportunities
Private Security Formalisation, International Placement, Tech-Enabled Security
Threats
Wage Inflation, Client Budget Cuts, Talent Retention
Company Details
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 Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: innovision.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of Innovision IPO are:
- Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company
- Funding working capital requirements of the Company
- General Corporate Purposes
Emkay Global Financial Services Ltd. is the book-running lead managers for the Innovision IPO.
Innovision Limited shows solid growth potential supported by revenue expansion to nearly ₹895 crore and strong return ratios with ROE above 35%. Rising infrastructure projects, increasing demand for manpower services, and toll plaza management contracts can support steady scaling despite relatively thin profit margins.
The issue price for the Innovision IPO is set between ₹494 to ₹519 per share.
To invest in one lot of Innovision IPO, you need ₹13,338 at the lower price band (₹494 per share) or ₹14,013 at the upper price band (₹519 per share) for a lot size of 27 shares.
Innovision IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on March 20, 2026.
Refund/unblocking of funds for Innovision IPO will begin on March 19, 2026. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Innovision IPO shares on listing day (March 20, 2026) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.