Minimum Investment
About Company
Company Name: Innovision Limited
Industry / Sector: Manpower Services / Toll Management / Skill Development
Founded Year: 2007
Promoters: Lt Col Randeep Hundal, Uday Pal Singh
Innovision Limited provides manpower services, toll plaza management, and skill development programs across India. The company supplies security personnel, facility management staff, and workforce solutions to industries such as infrastructure, healthcare, retail, and government institutions. Innovision also operates toll plazas and runs government-supported skill training centres across multiple states.
IPO Basic Details
| Company Name | Innovision Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹521 – ₹548 |
| Lot Size | 27 |
| Total Issue Size | ₹322.84 Cr |
IPO Strengths & Risks
Strengths
- Operations across 23 states and 5 union territories
- Strong government and infrastructure contracts
- Diversified revenue streams including toll management
- Large workforce deployment capabilities
Risks
- High dependence on infrastructure and government contracts
- Working capital intensive business
- Thin margins typical for manpower services
- Client concentration risk
IPO Important Dates
| IPO Open Date | 10 Mar 2026 |
| IPO Close Date | 12 Mar 2026 |
| Basis of Allotment | 13 Mar 2026 |
| Refund Initiation | 16 Mar 2026 |
| Demat Credit Date | 16 Mar 2026 |
| Listing Date | 17 Mar 2026 |
| Anchor Investor Date | 09 Mar 2026 |
| UPI Mandate Deadline | 12 Mar 2026 |
IPO Objectives
- Capital expenditure for machinery and equipment – Strengthening operational infrastructure
- Funding working capital requirements – Funding working capital requirements
- Debt repayment – Repayment or prepayment of borrowings
- General corporate purposes – General corporate purposes
Investor Reservation
| QIB Quota | 1% |
| Retail Quota | 65% |
| HNI Quota | 34% |
| Employee Quota | 0% |
| Shareholder Quota | 0% |
| Anchor Investor Allocation | Included in QIB portion |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 27 | ₹14,796 |
| Retail Maximum | 13 lots | 351 | ₹1,92,348 |
| S-HNI Minimum | 14 lots | 378 | ₹2,07,144 |
| S-HNI Maximum | 67 lots | 1809 | ₹9,91,332 |
| B-HNI Minimum | 68 lots | 1836 | ₹10,06,128 |
Key Performance Indicators (KPI)
| ROE | 35.45% |
| ROCE | 40.77% |
| RoNW | 35.45% |
| PAT Margin | 3.25% |
| EBITDA Margin | 5.79% |
| EPS | ₹15.62 |
| NAV per share | ₹43.32 |
| Debt to Equity | 0.97 |
| P/E Ratio | 33.35x – 35.08x |
| Industry P/E | 40x |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2023 | ₹305 Cr | ₹255.57 Cr | ₹8.88 Cr | ₹16.36 Cr | ₹40 Cr | ₹33 Cr |
| 31 Mar 2024 | ₹420 Cr | ₹510.33 Cr | ₹10.27 Cr | ₹26 Cr | ₹60 Cr | ₹70 Cr |
| 31 Mar 2025 | ₹530 Cr | ₹893.13 Cr | ₹29.02 Cr | ₹51.75 Cr | ₹120 Cr | ₹112 Cr |
Grey Market Premium
| GMP Price | ₹0 |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | March 2026 |
| Estimated Listing Price | ₹548 |
IPO Subscription Data
| Total Subscription | N/A |
| QIB (Ex Anchor) | N/A |
| HNI Subscription | N/A |
| Retail Subscription | N/A |
| Anchor | Allocated before IPO opening |
IPO Intermediaries
Registrar: Kfin Technologies Ltd.
Registrar Website: https://kfintech.com
IPO Lead Manager(s)
Company Information
Address: Gurugram, Haryana, India
Website: https://innovision.co.in
Email: info@innovision.co.in
Phone: +91-124-xxxxxxx
IPO Documents
Frequently Asked Questions (FAQ)
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