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Innovision IPO
Price Band
₹494.0–519.0
Issue Size
₹319.25 Cr
Lot Size
27 shares
Min Investment
₹14,013
GMP
₹-92.0 (-17.73%)
Issue Price
₹519.0
Innovision IPO AI Summary
- Innovision IPO is listed on BSE, NSE in the Road Assets–Toll, Annuity, Hybrid-Annuity sector.
- Price band: ₹494.0–₹519.0 per share, lot size 27 shares (min. investment ₹14,013).
- Subscription window: 10 Mar–17 Mar 2026, listing on 23 Mar 2026.
- Current GMP is ₹-92.0 (-17.73%), an estimated listing price of ₹427 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Innovision IPO Grey Market Premium (GMP) Today
GMP
₹-92.0
GMP %
-17.73%
Est. Listing
₹427.0
Updated: 14 Jul 2026 15:52
About the Company
Incorporated in 2007, Innovision Limited provides manpower solutions, toll plaza management services, and skill development training to clients across India. The company has built a wide operational presence through a network of 35 offices, including its registered and corporate offices. As of September 30, 2024, Innovision Limited operated across 22 states and 3 union territories, serving clients from multiple industries nationwide. The company’s manpower services business is divided into three key segments: Manned Private Security Services Integrated Facility Management (IFM) Services Manpower Sourcing and Payroll Services As of September 30, 2024, the company served more than 200 clients and delivered services at over 1,300 client locations across India. Its client base includes companies such as Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics. In addition to its service offerings, Innovision Limited provides physical and classroom-based training to security personnel through its training centre located at Turkiawas, Rewari, Haryana, in accordance with the applicable private security training regulations. The company is supported by an in-house team of more than 95 professionals along with an extensive database of staffing candidates, enabling it to efficiently serve client manpower requirements across regions.
Company Financials (₹ Cr)
As of 2025-09-30
| 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 |
Key Ratios
EPS
₹15.36
NAV
₹43.32
ROE
35.45%
ROCE
40.77%
RoNW
35.45%
P/B Value
11.98
P/E Ratio
33.8
Market Cap
₹1235.91 Cr
PAT Margin
3.25%
Debt/Equity
0.97
Promoters
Randeep Hundal and Uday Pal Singh
Objects of the Issue
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 4 Issue Expenses 56.57 Total 266.37
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹257.62 Cr in the year ending 31 Mar 2023, increasing to ₹512.13 Cr by 31 Mar 2024, and further rising to ₹895.95 Cr by 31 Mar 2025. However, it decreased to ₹483.10 Cr by 30 Sep 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹8.88 Cr in the year ending 31 Mar 2023, increasing to ₹10.27 Cr by 31 Mar 2024, and further rising to ₹29.02 Cr by 31 Mar 2025. It then decreased to ₹20.00 Cr by 30 Sep 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand and supply in the unofficial market. A positive GMP suggests strong demand, while a negative GMP indicates weak demand. Investors should consider GMP as one of many factors when evaluating an IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk appetite. It's important to consider the company's fundamentals, market conditions, and personal financial goals before making a decision.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed returns may want to avoid IPOs like this, as they can be subject to significant price fluctuations and market risks.
IPO Timeline, Explained
The IPO opens for subscription on 10 March 2026 and closes on 17 March 2026. Allotment of shares will be done on 18 March 2026, and the shares are expected to be listed on the stock exchange on 23 March 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market sentiment, investor demand, and overall market conditions. While some IPOs may see significant price increases on their first day of trading, others may decline. Investors should be prepared for potential volatility.
This evaluation is generated from Innovision's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Innovision IPO GMP today?
Innovision IPO GMP today is ₹-92.0 (-17.73%), indicating an estimated listing price of ₹427. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Innovision IPO?
The price band of Innovision IPO is ₹494.0–₹519.0 per share.
When does Innovision IPO open and close?
Innovision IPO opens on 10 March 2026 and closes on 17 March 2026.
When does Innovision IPO list on the stock exchange?
Innovision IPO listed on 23 March 2026 at ₹427.0.
What is the lot size for Innovision IPO?
The lot size for Innovision IPO is 27 shares, requiring a minimum investment of ₹14,013.
What is the price band for the Innovision IPO?
The price band for the Innovision IPO is ₹494.0 to ₹519.0.
What is the minimum investment required?
The minimum investment required is ₹14,013.0.
What is the lot size for the Innovision IPO?
The lot size for the Innovision IPO is 27 shares.
When is the listing date for the Innovision IPO?
The listing date for the Innovision IPO is 23 March 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial market trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Mar 2026
Close
17 Mar 2026
Allotment
18 Mar 2026
Listing
23 Mar 2026
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