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Innovision Limited IPO

Innovision is engaged in providing manpower services, toll plaza management and skill development training to clients across India. The Company commenced operations in 2007 with a single service domain of manned private security services and has since diversified into a comprehensive suite of manpower and support services. Over the years, it expanded its portfolio by introducing skill development and training services in Fiscal 2014 and entering the toll plaza management segment in Fiscal 2019. As of January 15, 2026, Innovision operates across 23 states and 5 union territories in India, reflecting its broad geographic presence and diversified service capabilities across multiple sectors.

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Price Band

₹521 - ₹548

Dates

10 Mar - 12 Mar

GMP

₹0 (0.00%)

Subscriptions

-

Issue Size

₹67.94 Crs

Innovision IPO Key Dates

Opening Date

10 Mar 26

Closing Date

12 Mar 26

Basis Of Allotment

13 Mar 26

Initiations Of Refund

16 Mar 26

Credit Of Shares

16 Mar 26

Listing Date

17 Mar 26

Innovision IPO Objects

  1. Repayment in part or full of all or certain borrowings availed by the Company
  2. Funding working capital requirements of the Company
  3. General corporate purposes

Innovision IPO Details

Price Band

₹521 - ₹548

Listing At

NSE & BSE

IPO Issue Type

100% Book Built Offer

Fresh Issue

₹10.03 L (1,829.47 Shares)

Offer For Sale

₹67.84 Cr (0.12 Cr Shares)

Total Issue

₹67.94 Cr (0.12 Cr Shares)

Face Value

₹10 per equity share

Innovision IPO Lot Information

Investor Category Lot Shares Amount
Retail
Minimum 1 27 14,796
Maximum 13 351 1,92,348
Small HNI
Minimum 14 378 2,07,144
Maximum 67 1,809 9,91,332
Big HNI
Minimum 68 1,836 10,06,128

Innovision IPO GMP

The estimated Grey Market Premium of Innovision IPO is ₹0 per share (0.00%)

Category Allocation

Particulars Allocation
QIBs Not more than 50% of Net Offer
Big HNIs (NII) Not less than 10% of Net Offer
Small HNIs (NII) Not less than 5% of Net Offer
Retail Not less than 35% of Net Offer

Innovision IPO Financials

(Rs. in crores)

Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue from Operations 480.00 893.13 510.33 255.57
Profit after Tax 20.00 29.02 10.27 8.88
Net Worth 102.33 81.88 52.35 40.26
Total Borrowing 112.39 79.05 48.15 33.34
Total Assets 271.66 220.30 157.05 108.17
NAV per share (in ₹) 54.14 43.32 27.70 21.29
EPS - Basic (in ₹) 10.82 15.62 6.29 5.01

The financial information presented is on a consolidated basis.

Key Performance Indicators

KPI Values
EBITDA 5.79%
PAT 3.25%
ROE 35.45%
ROCE 40.77%
Debt to Equity 0.97
PE Ratio 35.08
PB Ratio 12.65
Mkt Cap (in Crs.) 1,035.82
  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Innovision IPO Peer Comparision

(Rs. in crores)

Particulars Innovision LTD. Krystal Integrated Updater Services SIS LTD. Quess Corp Highway Infrastructure
Revenue 893.13 1,212.78 2,736.06 13,189.04 14,967.20 495.72
PAT 29.02 62.52 118.98 11.79 45.89 22.40
EPS (₹) 15.62 44.61 17.70 0.81 3.07 3.40
NAV (₹) 43.32 312.92 144.07 166.79 72.92 20.37
RONW 35.45% 14.30% 12.33% 0.49% 4.23% 19.03%
EBITDA 5.79% 7.77% 6.09% 2.53% 0.65% 8.09%
PAT Mrgn 3.25% 5.15% 4.35% 0.09% 0.31% 4.52%
PE Ratio 35.08 13.47 8.62 401.85 63.37 15.15
Debt to Equity 0.97 0.19 0.05 0.51 0.01 0.61

All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 28, 2026 for Peers

Innovision IPO Peer Comparision

(Rs. in crores)

Particulars Innovision LTD.
Revenue 893.13
PAT 29.02
EPS (₹) 15.62
NAV (₹) 43.32
RONW 35.45%
EBITDA 5.79%
PAT Mrgn 3.25%
PE Ratio 35.08
Debt to Equity 0.97
Krystal Integrated Updater Services SIS LTD. Quess Corp Highway Infrastructure
1,212.78 2,736.06 13,189.04 14,967.20 495.72
62.52 118.98 11.79 45.89 22.40
44.61 17.70 0.81 3.07 3.40
312.92 144.07 166.79 72.92 20.37
14.30% 12.33% 0.49% 4.23% 19.03%
7.77% 6.09% 2.53% 0.65% 8.09%
5.15% 4.35% 0.09% 0.31% 4.52%
13.47 8.62 401.85 63.37 15.15
0.19 0.05 0.51 0.01 0.61

All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 28, 2026 for Peers

Promoter Details

Name Shareholding
Lt Col Randeep Hundal 49.99%
Uday Pal Singh 49.99%
Total 99.99%

Management Details

Name Designation
Lt Col Randeep Hundal Chairman & MD
Uday Singh CEO
Bijender CFO

Company Details

Name: Innovision Limited

Address: 1/209, First Floor, Sadar Bazar, Delhi Cantt, Delhi – 110 010, India

Number: +91 011 208 97903

Email: cs@innovision.co.in

Website: https://www.innovision.co.i

Book Running Lead Managers (BRLMs)

RTAs

KFin Technologies
KFin Technologies
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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Innovision IPO is a Mainboard IPO having an issue size of Rs. ₹67.94 Crs. Innovision IPO is priced at ₹521 - ₹548 per share. The issue opens on 10 Mar 26 and closes on 12 Mar 26.

Innovision IPO opens on 10 Mar 26 and closes on 12 Mar 26.

The estimated Grey Market Premium of Innovision IPO is ₹0 per share (0.00%).

The minimum lot size of Innovision IPO is 27 shares & the minimum application amount is Rs. 14796.

The allotment date of Innovision IPO is 13 Mar 26.

The listing date of Innovision IPO is 17 Mar 26.

Innovision IPO is subscribed -.

Innovision IPO is priced at ₹521 - ₹548 per share.

Click the allotment link on Innovision IPO page of IPO360.

  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app

  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app

  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Innovision IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date