
Innovision
CLOSEDIPO 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 IPO | Amount |
|---|---|
| Overall | 306 Cr |
| Fresh Issue | 242 Cr |
| Offer for Sale | 64 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 18 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.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 22 Mar 2026 | ₹519 | ₹-92 | ₹427 (-17.73%) |
| 21 Mar 2026 | ₹519 | ₹-77 | ₹442 (-14.84%) |
| 20 Mar 2026 | ₹519 | ₹-90 | ₹429 (-17.34%) |
| 19 Mar 2026 | ₹519 | ₹-88 | ₹431 (-16.96%) |
| 16 Mar 2026 | ₹519 | ₹26 | ₹545 (5.01%) |
| 15 Mar 2026 | ₹519 | ₹19 | ₹538 (3.66%) |
| 14 Mar 2026 | ₹519 | ₹20 | ₹539 (3.85%) |
| 13 Mar 2026 | ₹519 | ₹7 | ₹526 (1.35%) |
| 12 Mar 2026 | ₹519 | ₹0 | ₹519 (0%) |
| 11 Mar 2026 | ₹519 | ₹62 | ₹581 (12.04%) |
| 9 Mar 2026 | ₹519 | ₹0 | ₹519 (0%) |
| 8 Mar 2026 | ₹519 | ₹0 | ₹519 (0%) |
| 7 Mar 2026 | ₹519 | ₹0 | ₹519 (0%) |
| 6 Mar 2026 | ₹519 | ₹0 | ₹519 (0%) |
| 5 Mar 2026 | ₹519 | ₹0 | ₹519 (0%) |
| 4 Mar 2026 | ₹519 | ₹0 | ₹519 (0%) |
Performance Innovision
| Issue Price | Listing Gain | Current Market Price | P/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 in | 2007 |
| Managing director | Lt 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
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 13.65 |
| Non-Institutional Investors (NIIs) | 8 |
| Retail Individual Investors (RIIs) | 0.52 |
| Employee | N/A |
| Total | 3.2 |