INNOVISION LIMITED
Price Band
₹ 494 - ₹ 519
Bid Lot
27 Shares
INNOVISION LIMITED
10-Mar-2026 - 17-Mar-2026
Price Band
₹ 494 - ₹ 519
Minimum Investment
₹ 14013.00
Bid Lot
27 Shares
Shares
5,891,285
-
Face Value - Rs. 10/- Per Share
- Lisitng at NSE BSE
-
141,827 Application Required in Retail for 1 Time.
-
Registrar :
KFin Technologies Limited
IPO Details
Fresh Issue of Equity Shares aggregating up to Rs. 255 Cr and Offer for Sale of 12,38,000 Equity Shares
QIB
1%
(58,913 Shares)RS.3.23 CR
HNI 1
10%
(667,679 Shares)RS.36.59 CR @ 1766 FORM 1X
HNI 2
24%
(1,335,357 Shares)RS.73.18 CR @ 3533 FORM 1X
Retail
65%
(3,829,336 Shares)RS.207.67 CR @ 141827 FORM 1X
BRLMs: Emkay Global Financial Services
Timeline
-
10
Mar-2026
Open Date
-
17
Mar-2026
Close Date
-
18
Mar-2026
Basis of Allotment Date
-
19
Mar-2026
Initiation of Refunds
-
19
Mar-2026
Credit of Shares to Demat A/C
-
20
Mar-2026
IPO Listing Date
Subscription as on 17-Mar-2026 17:38
Category
Book Size
Subscription
QIB
37.34x
23,566
(₹1.22 Cr.)
879,849
(₹45.66 Cr.)
HNI (<10 LAKH)
5.45x
667,679
(₹34.65 Cr.)
3,637,818
(₹188.80 Cr.)
HNI2 (>10 LAKH)
10.74x
1,335,357
(₹69.31 Cr.)
14,344,452
(₹744.48 Cr.)
RETAIL
0.63x
3,829,336
(₹198.74 Cr.)
2,408,400
(₹125.00 Cr.)
Total
3.63x
5,855,938
21,270,519
Category
Book Size
Subscription
QIB
37.34x
23,566
(₹1.22 Cr.)
879,849
(₹45.66 Cr.)
HNI (<10 LAKH)
5.45x
667,679
(₹34.65 Cr.)
3,637,818
(₹188.80 Cr.)
HNI2 (>10 LAKH)
10.74x
1,335,357
(₹69.31 Cr.)
14,344,452
(₹744.48 Cr.)
RETAIL
0.63x
3,829,336
(₹198.74 Cr.)
2,408,400
(₹125.00 Cr.)
Total
3.63x
5,855,938
21,270,519
*Excluding Anchor
Total No. of Application Approx : ~70537 (0.50 Appwise)
HNI Cost
About Company
- q Incorporated in January 2007, Innovision Ltd (“Innovision”) provides manpower services, toll plaza management, and skill development training to its clients across India. As of January 15, 2026, they operate in 23 states and 5 union territories of India.
- q Their business of Manpower Services focuses on providing Manned Private Security Services, Integrated Facility Management (“IFM”) Services, Manpower Sourcing and Payroll Services.
- q Their Toll Plaza management operations comprise user fee collection and other related services at toll plazas awarded to them by the relevant authority, following a tender-based competitive bidding process. Furthermore, they are also empanelled with NHAI for toll collection services at its various toll plazas.
- q In addition, they also provide Skill Development Training as a training partner for various Central and State Government schemes.
- q Through their wholly owned subsidiary, Innovision International Pvt Ltd (“Innovision International”), they provide services in respect of recruitment, placement consultancy and visa facilitation services.
- q The company, through its subsidiary Aerodrone Robotics, provides a remote pilot training course for drones. Presently, Aerodrone Robotics has 4 DGCA-certified remote pilot instructors (small category) and 1 DGCA-certified remote Pilot instructor (Medium Category) to train the candidates.
- q Aerodrone Robotics, being a licensed, authorised Remote Pilot Training Organisation, possesses 3 small-category drones, and all 3 drones are owned by Aerodrone Robotics.
- q As of January 15, 2026, Innovision is licensed to provide manned private security services across 19 States and 4 Union Territories in India.
Strengths
Competitive Strength
- Wide geographical reach and locations across India
- Diverse portfolio of manpower services
- Established systems and processes leading to a scalable business model
- Experienced management and operational team
- Recruitment capability, domain knowledge, and knowledge of labour regulations
Business Strategies
- Leveraging the existing capabilities to increase their scale of operations and expansion of footprint outside India
- Tendering for more toll plazas and targeting new clients in manpower services
- Adoption of technologies to diversify the manpower services portfolio
- Retain, strengthen, and grow client base for integrated facility management services with a focus on deepening relationships with existing clients
- Expansion into the Drone Training and Manufacturing Industry
Company Promoters
Company Financials
Company Financials (Restated Consolidated)
| 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 | ||||
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 | |
| Total | 170.00 |
How to Apply
Apply for IPO in few simple steps.
-
Step 1
Once you create your account, Login to Easy Investing.
-
Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
-
Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
-
Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
-
Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
- If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
- The maximum subscription amount for retail investors is 2 lakh.
- Any bid can be at a desired price or cut off price given by the company.
How to bid on App?
- Enter the number of shares you wish to buy, as per the lot size.
- You can apply at the cut off price set by the company or bid for a desired amount within the price band.
- Maximum three bids will be accepted.
- You then need to enter the UPI ID on Easy Investing’s IPO application form.
Investing using UPI
- You will immediately get a fund blocked request on your UPI for the submitted IPO application.
- The funds will be blocked in your bank account until allotment when it is debited.
- The limit for IPO application is Rs 2 lakh per transaction on UPI.
- On allotment of the shares, the money will be automatically debited.
- If the share aren’t allotted the blocked funds will reflect back into your account.
FAQs
Frequently Ask Question