Innovision

Innovision

CLOSED

IPO Date: 10 Mar - 17 Mar 2026

Listing Date: 23 Mar 2026

Price Range

Rs.494 - Rs.519

Issue Size

306 Cr

Min Investment

13,338

Lot Size

27 Shares

Schedule of Innovision

Issue open date

10 Mar 2026

Issue close date

17 Mar 2026

UPI mandate deadline

17 Mar 2026 (5 PM)

Allotment finalization

18 Mar 2026

Share credit

19 Mar 2026

Listing date

23 Mar 2026

Mandate end date

1 Apr 2026

Issue size

Funds Raised in the IPOAmount
Overall306 Cr
Fresh Issue242 Cr
Offer for Sale64 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date18 Mar 2026
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
22 Mar 2026519-92427 (-17.73%)
21 Mar 2026519-77442 (-14.84%)
20 Mar 2026519-90429 (-17.34%)
19 Mar 2026519-88431 (-16.96%)
16 Mar 202651926545 (5.01%)
15 Mar 202651919538 (3.66%)
14 Mar 202651920539 (3.85%)
13 Mar 20265197526 (1.35%)
12 Mar 20265190519 (0%)
11 Mar 202651962581 (12.04%)
9 Mar 20265190519 (0%)
8 Mar 20265190519 (0%)
7 Mar 20265190519 (0%)
6 Mar 20265190519 (0%)
5 Mar 20265190519 (0%)
4 Mar 20265190519 (0%)

Performance Innovision

Issue PriceListing GainCurrent Market PriceP/L
Rs.494 - Rs.519............

About Innovision

Innovision Limited is in the business of providing manpower services, toll plaza management, and skill development training across India. The company commenced operations in 2007 with manned private security services and later expanded into integrated facility management (IFM), manpower sourcing and payroll services, skill development training (from fiscal 2014), and toll plaza management (from fiscal 2019). Its manpower services include private security, hard and soft facility management, recruitment, temporary staffing, and payroll processing. The toll plaza management segment involves user fee collection and related operations at toll plazas, primarily for the National Highways Authority of India (NHAI). The skill development segment delivers vocational and technical training under various central and state government schemes. Through its subsidiaries, the company also provides recruitment and visa facilitation services and conducts DGCA-certified remote pilot training courses. As of January 15, 2026, the company operated in 23 states and 5 Union Territories across India. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Repayment or pre-payment, in part or in full, of all or certain borrowings availed by the company – Rs 51 crore Funding the working capital requirements of the company – Rs 119 crore General corporate purposes

Founded in2007
Managing directorLt Col Randeep Hundal
Parent organization

Financial Overview

Strengths

  • Diversified services across manpower, toll management, and skill development segments.
  • Pan-India presence with training centers and service operations across multiple states.
  • Strong partnerships with government bodies such as NSDC, MoRD, and NCVT.
  • A large trained workforce and candidate pool supporting manpower deployment.
  • Multiple business verticals contribute to diversified revenue streams.

Risks

  • High dependence on NHAI contracts for revenue in the toll management segment.
  • Business is manpower-intensive and depends on the availability of skilled personnel.
  • High employee attrition may increase recruitment and training costs.
  • Delays in statutory filings or regulatory compliance may lead to penalties.
  • Fluctuations in return on capital employed could impact profitability.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)13.65
Non-Institutional Investors (NIIs)8
Retail Individual Investors (RIIs)0.52
EmployeeN/A
Total3.2