The Innovision Ltd IPO is attracting attention among investors looking for upcoming mainboard IPO opportunities in March 2026.
Innovision Limited, a company engaged in manpower services, toll plaza management, and skill development training, is launching its public issue worth ₹322.84 crore.
The Innovision IPO opens on March 10, 2026, and closes on March 12, 2026, with listing expected on BSE and NSE on March 17, 2026.
In this article, we will cover Innovision IPO details, price band, lot size, financials, company business model, valuation, and whether investors should consider applying for this IPO.
Innovision IPO – Key Details 2026
The following are some of the important and key details about the Innovision IPO.
Particulars
Details
IPO Type
Book Building IPO
IPO Size
₹322.84 Cr
Fresh Issue
₹255.00 Cr
Offer for Sale
₹67.84 Cr
Price Band
₹521 – ₹548
Lot Size
27 Shares
Face Value
₹10 per share
Listing
BSE, NSE
IPO Dates
Mar 10 – Mar 12, 2026
Market Cap (Pre-IPO)
₹1,290.72 Cr
Innovision IPO Timeline
The following table explains the tentative IPO schedule.
Event
Date
IPO Opens
Mar 10, 2026
IPO Closes
Mar 12, 2026
Allotment
Mar 13, 2026
Refunds
Mar 16, 2026
Credit of Shares
Mar 16, 2026
Listing Date
Mar 17, 2026
IPO Lot Size & Investment
Investors can bid for a minimum of 27 shares and in multiples thereof.
Category
Shares
Amount
Retail (Min)
27
₹14,796
Retail (Max)
351
₹1,92,348
S-HNI (Min)
378
₹2,07,144
S-HNI (Max)
1,809
₹9,91,332
B-HNI (Min)
1,836
₹10,06,128
About Innovision Limited – Business Operations
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 January 15, 2026, Innovision Limited operates in 23 states and 5 union territories.
Manpower services comprise three operational segments:
Manned Private Security Services
Integrated Facility Management (IFM) Services
Manpower Sourcing and Payroll
As of January 15, 2026, the company served more than 180 clients across various sectors and rendered services to over 1,000 client premises.
Its customers include Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics. The company serves sectors such as retail, healthcare, warehousing, logistics and BFSI.
Innovision Limited also provides physical and classroom training to security personnel under the Private Security Agency Regulatory Act, 2025 through its training centre located at Turkiawas, Rewari, Haryana.
Global Presence & Workforce
The following highlights the company’s operational scale.
Presence across 23 states and 5 union territories in India
Network of 35 offices across the country
Services delivered to over 1,000 client premises
Client base of more than 180 organisations
Competitive Strengths of Innovision
The following are the key strengths of the company:
Wide geographical reach and locations across India
Diverse portfolio of manpower services
Established systems and processes enabling a scalable business model
Experienced management and operational team
Recruitment capability, domain knowledge and knowledge of labour regulations
Innovision – Financial Performance (₹ Crore)
The following table shows restated consolidated financials.
Period
Total Income
PAT
EBITDA
FY23
257.62
8.88
16.36
FY24
512.13
10.27
19.66
FY25
895.95
29.02
51.75
Sep 2025
483
20
30.42
Key Performance Indicators (KPI)
The following table highlights important valuation and profitability metrics:
KPI
Sep 30, 2025
Mar 31, 2025
ROE
19.55%
35.45%
ROCE
18.19%
40.77%
Debt/Equity
1.1
0.97
RoNW
19.55%
35.45%
PAT Margin
4.17%
3.25%
EBITDA Margin
6.34%
5.79%
Price to Book Value
-
13
Objects of the Issue
The following explains how IPO proceeds will be used.
Purpose
Amount (₹ Cr)
Repayment or pre-payment of borrowings
51
Funding working capital requirements
119
General Corporate Purposes
Balance
Total
170
Valuation Snapshot
The following table shows EPS and P/E comparison.
Particulars
Pre IPO
Post IPO
EPS (₹)
15.36
16.99
P/E (x)
35.69
32.26
Promoter Holding
100%
74.99%
Market Cap
₹1,290.72 Cr
0
Lead Manager & Registrar
Book Running Lead Manager: Emkay Global Financial Services Ltd.
Registrar: Kfin Technologies Ltd.
Promoters
The promoters of the company are:
Lt Col Randeep Hundal
Uday Pal Singh
Frequently Asked Questions
What is the Innovision IPO?
Innovision IPO is a main-board IPO of 58,91,284 equity shares of face value ₹10 aggregating up to ₹323 Crores. The issue is priced at ₹521 to ₹548 per share.
When does the Innovision IPO open?
The IPO opens on March 10, 2026, and closes on March 12, 2026.
What is the lot size of the Innovision IPO?
The minimum lot size is 27 shares.
Who are the promoters of Innovision?
The promoters of the company are Lt Col Randeep Hundal and Uday Pal Singh.
What does Innovision Limited do?
Innovision Limited provides manpower services, toll plaza management, and skill development training to clients across India.
Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice. UnlistedKraft is not responsible for any losses arising from investment decisions based on this content.
Readers should conduct their own research and consult qualified professionals before investing. The IPO is expected to list on Mar 17, 2026, on BSE and NSE.
Author: Komal Bhatt
Komal Bhatt is a finance content writer at InvestKraft, specialising in research-based articles on financial products, markets, and investment opportunities, including unlisted shares. She holds a Master’s degree in Commerce from the University of Delhi, providing a strong academic foundation in finance and business.
With over three years of experience in digital content, she focuses on simplifying complex financial topics into clear, accurate, and reader-friendly information. Her background includes creating content related to finance certifications such as wealth management and NISM programs, strengthening her understanding of financial markets and investor education.