Innovision IPO 2026: Price Band, Lot Size, Dates, Financials & Full Review

Mar 5th 2026
IPO
Innovision IPO 2026

 

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.

ParticularsDetails
IPO TypeBook Building IPO
IPO Size₹322.84 Cr
Fresh Issue₹255.00 Cr
Offer for Sale₹67.84 Cr
Price Band₹521 – ₹548
Lot Size27 Shares
Face Value₹10 per share
ListingBSE, NSE
IPO DatesMar 10 – Mar 12, 2026
Market Cap (Pre-IPO)₹1,290.72 Cr

 

Innovision IPO Timeline

The following table explains the tentative IPO schedule.

EventDate
IPO OpensMar 10, 2026
IPO ClosesMar 12, 2026
AllotmentMar 13, 2026
RefundsMar 16, 2026
Credit of SharesMar 16, 2026
Listing DateMar 17, 2026

 

IPO Lot Size & Investment

Investors can bid for a minimum of 27 shares and in multiples thereof.

CategorySharesAmount
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.

PeriodTotal IncomePATEBITDA
FY23257.628.8816.36
FY24512.1310.2719.66
FY25895.9529.0251.75
Sep 20254832030.42


Key Performance Indicators (KPI)

The following table highlights important valuation and profitability metrics:

KPISep 30, 2025Mar 31, 2025
ROE19.55%35.45%
ROCE18.19%40.77%
Debt/Equity1.10.97
RoNW19.55%35.45%
PAT Margin4.17%3.25%
EBITDA Margin6.34%5.79%
Price to Book Value-13

 

Objects of the Issue

The following explains how IPO proceeds will be used.

PurposeAmount (₹ Cr)
Repayment or pre-payment of borrowings51
Funding working capital requirements119
General Corporate PurposesBalance
Total170

 

Valuation Snapshot

The following table shows EPS and P/E comparison.

ParticularsPre IPOPost IPO
EPS (₹)15.3616.99
P/E (x)35.6932.26
Promoter Holding100%74.99%
Market Cap₹1,290.72 Cr0

 

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 Image
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.

 

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