Innovision IPO
Innovision IPO Details
-
Open Date
10 Mar 2026
-
Close Date
12 Mar 2026
-
Listing Date
17 Mar 2026
- IPO Price Range
₹ 521 to ₹ 548
- IPO Size
₹ 322.84 Cr
- Listing Exchange
BSE NSE
Innovision IPO Timeline
Innovision IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 10-Mar-2026 | 1.00 | 0.00 | 0.02 | 0.02 |
Last Updated: 10 March 2026 5:50 PM by 5paisa
Innovision Limited offers manpower services, toll plaza management, and skill development training across India with 35 offices. The company operates in 23 states and 5 union territories, serving over 180 clients and 1,000+ client sites. Manpower services include manned private security, integrated facility management, and manpower sourcing with payroll. Customers span retail, healthcare, logistics, warehousing, and BFSI sectors, including Max Healthcare, Stellar Value Chain, and Sequel Logistics. Provides physical and classroom training for security personnel under the Private Security Agency Regulatory Act, 2025, at its Turkiawas, Haryana training centre.
Established in: 2007
Managing Director: Lt Col Randeep Hundal
Peers:
| Metric | Innovision Limited | Krystal Integrated Services Limited | Updater Services Limited | SIS Limited | Quess Corp Limited | Highway Infrastructure Ltd |
| Face Value | 10 | 10 | 10 | 5 | 10 | 5 |
| Total Income | 893.131 | 1,212.784 | 2,736.063 | 13,189.037 | 14,967.199 | 495.715 |
| EPS | 15.62 | 44.61 | 17.70 | 0.81 | 3.07 | 3.40 |
| P/E | - | 13.47 | 8.62 | 401.85 | 63.37 | 15.15 |
| RONW (%) | 35.45 | 14.30 | 12.33 | 0.49 | 4.23 | 19.03 |
| NAV | 43.32 | 312.92 | 144.07 | 166.79 | 72.92 | 20.37 |
Innovision Objectives
1. Repay or prepay all or part of the Company’s borrowings totaling ₹ 51.00 crore
2. Fund the Company’s working capital requirements totaling ₹ 119.00 crore
3. Use remaining funds for general corporate purposes
Innovision IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹322.84 Cr |
| Offer For Sale | ₹67.84 Cr |
| Fresh Issue | ₹255.00 Cr |
Innovision IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 27 | 14,067 |
| Retail (Max) | 13 | 351 | 1,92,348 |
| S - HNI (Min) | 14 | 378 | 1,96,938 |
| S - HNI (Max) | 67 | 1809 | 9,91,332 |
| B - HNI (Min) | 68 | 1836 | 9,56,556 |
Innovision IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.00 | 58,913 | 58,914 | 3.228 |
| Non-Institutional Buyers | 0.00 | 20,03,037 | 2,106 | 0.115 |
| BNII | 0.00 | 13,35,554 | 0 | 0 |
| SNII | 0.00 | 6,67,483 | 2,106 | 0.115 |
| Individual Investors (IND category bidding for 2 Lots) | 0.02 | 38,29,335 | 62,586 | 3.430 |
| Total** | 0.02 | 58,91,285 | 1,23,606 | 6.774 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 255.565 | 510.326 | 893.131 |
| EBITDA | 16.361 | 19.66 | 51.751 |
| PAT | 8.881 | 10.272 | 29.023 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 108.171 | 157.051 | 220.295 |
| Share Capital | 1.35 | 18.9 | 18.9 |
| Total Liabilities | 108.171 | 157.051 | 220.295 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 3.437 | 6.397 | -21.884 |
| Net Cash Generated From / (used in) Investing Activities | 0.871 | -34.275 | 1.701 |
| Net Cash Generated From / (used in) Financing Activities | -3.832 | 8.989 | 22.987 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.476 | -18.889 | 2.804 |
Strengths
1. Strong pan-India presence across multiple locations
2. Diverse range of manpower services
3. Scalable operations supported by established systems and processes
4. Experienced management and operational team
5. Expertise in recruitment, domain knowledge, and labor regulations
Weaknesses
1. Exposure to liquidity management challenges that may affect the ability to meet short term obligations
2. Borrowings denominated in foreign currency may create exposure to exchange rate fluctuations
3. Investments in privately held companies carry inherent valuation and recovery uncertainties
4. Financial instruments may be affected by volatility in market conditions and price movements
5. Business performance remains sensitive to broader economic changes affecting operational income
Opportunities
1. Expanding services across domestic and global markets using strong operational capabilities.
2. Adopting technology-driven security solutions like surveillance, GPS tracking, and remote monitoring.
3. Rising demand for integrated facility management across sectors such as healthcare, retail, and manufacturing.
4. Building long-term client relationships through bundled services and repeat contracts.
5. Exploring new opportunities like drone pilot training and potential drone manufacturing.
Threats
1. High dependence on a limited number of clients could impact revenue stability if relationships change
2. Fluctuations in currency markets may increase financial risk linked to foreign borrowings
3. Changes in financial markets may influence the valuation of investments and financial assets
4. Macroeconomic uncertainties could affect demand and overall business performance
5. Evolving industry trends and external uncertainties may influence future operating conditions
1. Pan-India operational presence across 23 states and 5 union territories supported by a wide office network
2. Diversified manpower solutions including security services, facility management, and payroll support across multiple industries
3. Services delivered across more than 1,000 client premises reflecting a broad and established client base
4. Strong workforce of over 14,000 personnel enabling large scale service execution
5. Integrated facility management offerings covering housekeeping, technical maintenance, and other bundled support services
1. Strong revenue expansion with consistent growth over recent years, supported by increasing client acquisitions and deeper engagement with existing customers.
2. Expanding national footprint with operations across 23 states and 5 union territories, supported by an extensive office and service network.
3. Large workforce deployment with over 14,000 personnel serving more than 1,000 client locations across multiple industries.
4. Diversified service portfolio including private security, integrated facility management, manpower sourcing, payroll services, and toll plaza management.
5. Expansion into international markets through subsidiaries and recruitment capabilities for overseas employment opportunities.
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FAQs
Innovision IPO opens from March 10, 2026 to March 12, 2026.
The size of Innovision IPO is approximately ₹322.84 crore.
The price band of Innovision IPO is fixed at ₹521 to ₹548 per share.
To apply for Innovision IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Innovision IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 27 shares, requiring an investment of approximately ₹14,067.
The share allotment date of Innovision IPO is March 13, 2026.
The Innovision IPO will likely be listed on March 17, 2026.
Emkay Global Financial Services Ltd is the book-running lead manager.
1. Repay or prepay part or all of the Company’s existing borrowings, estimated at ₹ 51.00 crore
2. Fund the Company’s working capital requirements, estimated at ₹ 119.00 crore
3. Use remaining proceeds for general corporate purposes
Innovision Contact Details
1/209, First Floor,
Sadar Bazar,
Delhi Cantt,
Delhi, New Delhi, 110010
Phone: +91 011 208 9790
Email: cs@innovision.co.in
Website: innovision.co.in
Innovision IPO Register
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: innovision.ipo@kfintech.com
Website: ipostatus.kfintech.com
Innovision IPO Lead Manager
Emkay Global Financial Services Ltd.
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