Innovision IPO Review & Recommendations

Notes:

1. P/E ratio for the listed industry peers has been computed based on the closing market price of equity shares as on January 28, 2026, on BSE Limited, divided by the diluted earnings per share for the Financial Year ended March 31, 2025.
2. Return on Net Worth = Restated profit for the year divided by the Net Worth at the end of the respective year.
3. Net asset value per Equity Share = Net Worth at the end of the year divided by the number of Equity Shares outstanding at the end of the year.