Bookbuilding IPO | ₹319 Cr | Listed at BSE, NSE | Tue, Mar 10, 2026 - Tue, Mar 17, 2026
Innovision IPO is a book build issue of ₹319.25 crores. The issue is a combination of fresh issue of 0.49 crore shares aggregating to ₹255.00 crores and offer for sale of 0.12 crore shares aggregating to ₹64.25 crores.
Innovision IPO bidding started from Mar 10, 2026 and ended on Mar 17, 2026. The allotment for Innovision IPO was finalized on Mar 18, 2026. The shares got listed on the NSE and the BSE on Mar 23, 2026.
Innovision IPO is set final issue price at ₹519 per share. The lot size for an application is 27 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,013 (27 shares) (based on upper price). The lot size investment for sNII is 15 lots (405 shares), amounting to ₹2,10,195, and for bNII, it is 72 lots (1,944 shares), amounting to ₹10,08,936.
Emkay Global Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Innovision IPO RHP for detailed Information.
IPO Open
Tue, Mar 10, 2026
IPO Close
Tue, Mar 17, 2026
Issue Price
₹519 per share
Market Cap (Pre-IPO)
₹1,235.91 Cr
| IPO Date | 10 to 17 Mar, 2026 |
| Listed on | Mon, Mar 23, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹494 to ₹519 |
| Issue Price | ₹519 per share |
| Lot Size | 27 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 61,51,294 shares (agg. up to ₹319 Cr) |
| Fresh Issue | 49,13,294 shares (agg. up to ₹255 Cr) |
| Offer for Sale | 12,38,000 shares of ₹10 (agg. up to ₹64 Cr) |
| Share Holding Pre Issue | 1,89,00,000 shares |
| Share Holding Post Issue | 2,38,13,294 shares |
| BSE Script Code / NSE Symbol | 544732 / INNOVISION |
| ISIN | INE0ADB01012 |
Innovision IPO offers total 61,51,294 shares. Out of which 61,512 (1.00%) allocated to QIB, 20,91,440 (34.00%) allocated to NII 39,98,342 (65.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 61,512 | 1.00% | 1.00% | NA |
| NII (HNI) Shares Offered | 20,91,440 | 34.00% | 34.00% | NA |
| − bNII > ₹10L | 13,94,294 | 22.67% | 3,442 | |
| − sNII < ₹10L | 6,97,146 | 11.33% | 1,721 | |
| Retail Shares Offered | 39,98,342 | 65.00% | 65.00% | 1,48,086 |
| Total Shares Offered | 61,51,294 | 100.00% | 100.00% |
Investors can bid for a minimum of 27 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,013 |
| Retail (Max) | 14 | 378 | ₹1,96,182 |
| S-HNI (Min) | 15 | 405 | ₹2,10,195 |
| S-HNI (Max) | 71 | 1,917 | ₹9,94,923 |
| B-HNI (Min) | 72 | 1,944 | ₹10,08,936 |
Incorporated in 2007, Innovision Limited provides manpower services, toll plaza management, and skill development training to clients across India. The company has 35 offices, including registered and corporate offices, across India. As of Jan 15, 2026, Innovision Limited operates in in 23 states and 5 union territories of India.
Manpower Services comprises 3 operational segments as follows: Manned Private Security Services, Integrated Facility Management (IFM) Services and Manpower Sourcing and Payroll.
As of Jan 15, 2026, the company served more than 180 clients across various sectors and rendered services to over 1,000 client premises.
The company serves customers across sectors including retail, healthcare, warehousing, logistics and BFSI. Max Healthcare Limited, Stellar Value Chain and Sequel Logistics are some of the customers.
Innovision Limited also provides physical and classroom training to security personnel by the Private Security Agency Regulatory Act, 2025 at a training centre located at Turkiawas, Rewari, Haryana.
Competitive Strengths
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 271.66 | 220.30 | 157.05 | 108.17 |
| Total Income | 483.10 | 895.95 | 512.13 | 257.62 |
| Profit After Tax | 20.00 | 29.02 | 10.27 | 8.88 |
| EBITDA | 30.42 | 51.75 | 19.66 | 16.36 |
| NET Worth | 102.33 | 81.88 | 52.35 | 40.26 |
| Reserves and Surplus | 83.43 | 62.98 | 33.45 | 38.91 |
| Total Borrowing | 112.39 | 79.05 | 48.15 | 33.34 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company | 51.00 |
| 2 | Funding working capital requirements of the Company | 119.00 |
| 3 | General Corporate Purposes | 39.80 |
| Total | 209.80 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 19.55% | 35.45% |
| ROCE | 18.19% | 40.77% |
| Debt/Equity | 1.10 | 0.97 |
| RoNW | 19.55% | 35.45% |
| PAT Margin | 4.17% | 3.25% |
| EBITDA Margin | 6.34% | 5.79% |
| Price to Book Value | 11.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 15.36 | 16.80 |
| P/E (x) | 33.8 | 30.89 |
| Promoter Holding | 100% | 74.17% |
| Market Cap | ₹1,235.91 Cr. |
The Innovision IPO is subscribed 3.46 times on March 17, 2026 6:54:40 PM (Day 6). The public issue subscribed 0.60 times in the retail category, 14.30 times in the QIB category, and 8.60 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 14.30 | 61,513 | 8,79,849 |
| NII | 8.60 | 20,91,440 | 1,79,82,270 |
| bNII (> ₹10L) | 10.29 | 13,94,498 | 1,43,44,452 |
| sNII (< ₹10L) | 5.22 | 6,96,942 | 36,37,818 |
| Retail | 0.60 | 39,98,341 | 24,08,400 |
| Total | 3.46 | 61,51,294 | 2,12,70,519 |
Total Applications: 82,951
Refer to Innovision Revised timeline & Issue Extension here
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission) | 49.70 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage underwriting and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.50 |
| 3 | Fees payable to the Registrar to the Offer | 0.32 |
| 4 | Others including (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; (ii) Printing and distribution of stationery; (iii) Advertising and marketing expenses; (iv) Fees payable to legal counsel; (v) Fees payable to other advisors to the Offer including but not limited to Statutory Auditors, Independent Chartered Accountant, industry service provider and Independent Chartered Engineer; and (vi) Misc. | 5.05 |
| Total | 56.57 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹519.00 | ₹519.00 |
| Open | ₹466.00 | ₹467.70 |
| Low | ₹372.80 | ₹374.20 |
| High | ₹468.60 | ₹470.00 |
| Last Trade | ₹372.80 | ₹374.20 |
Lead Manager Reports
Innovision IPO is a main-board IPO of 61,51,294 equity shares of the face value of ₹10 aggregating up to ₹319 Crores. The issue is priced at ₹519 per share. The minimum order quantity is 27.
The IPO opens on Tue, Mar 10, 2026, and closes on Tue, Mar 17, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Innovision IPO using UPI as a payment gateway. Zerodha customers can apply in Innovision IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Innovision IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Innovision IPO opens on Tue, Mar 10, 2026 and closes on Tue, Mar 17, 2026.
Innovision IPO lot size is 27, and the minimum amount required for application is ₹14,013.
You can apply in Innovision IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Innovision IPO will be done on Wednesday, March 18, 2026, and the allotted shares will be credited to your demat account by Fri, Mar 20, 2026. Check the Innovision IPO allotment status.
The Innovision IPO listing date is on Mon, Mar 23, 2026.
