Innovision IPO

Listed Mainboard
Open Mar 10
Close Mar 17
Allotment Mar 18
Refund Mar 19
Listing Mar 23

Market Sentiment

Grey Market Premium What is GMP?
Rs -90
-16.4%
Est. Listing: Rs 458
Updated: Mar 21, 2026 3:43 pm
View Full GMP History →
Subscription Status
QIB
13.75x
bNII (>10L)
9.89x
sNII (2-10L)
5.02x
Retail
0.58x
Total
3.32x
Updated: Mar 17, 2026 5:02 pm IST
Analysis Score 27 / 100
Avoid
Data: 80%
GMP Score 10
Subscription Score 28
Financial Health 66

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 27 ₹14,796
Retail Maximum 13 351 ₹1,92,348
S-HNI Minimum 14 378 ₹2,07,144
S-HNI Maximum 67 1,809 ₹9,91,332
B-HNI Minimum 68 1,836 ₹10,06,128

IPO Details

Issue Price₹521-548 per equity share
Face Value₹10 Per Equity Share
Lot Size 27 shares (Min ₹14,796)
Total Issue Size ₹323.00 crore
Fresh Share₹255.00 crore
Offer For Sale₹68.00 crore
Issue TypeBook build Issue
Lead ManagerEmkay Global Financial Services Ltd.
RegistrarKfin Technologies Ltd.
Listing atBoth
NSE Symbol
ISIN
Listing Price₹467.70
Listing Gain-14.65%

IPO Reservation

Category Shares Offered
QIB58,913
NII (HNI)20,03,037
bNII > ₹10L13,90,019
sNII < ₹10L6,95,009
Retail38,29,335

Financial Analysis

Financial Data
ROE
35.45%
ROCE
40.77%
Debt/Equity
0.97
NAV/Share
Rs 43.32
Revenue Growth
74.95%
Profit Margin
3.24%
Financial Performance
Metric 2023 2024 2025 Sep 2025
Revenue 257.62 512.13 895.95 483.10
Expense 247.32 501.16 856.90 459.53
Profit (PAT) 8.88 10.27 29.02 20.00
Total Assets 108.17 157.05 220.30 271.66
Values in Crores (₹)
Peer Comparison
Company P/E EPS Market Cap (Cr)
Krystal Integrated Services Limited 13.47 44.61 14
Updater Services Limited 8.62 17.70 12
SIS Limited 401.85 0.81 0
Quess Corp Limited 63.37 3.07 4
Highway Infrastructure Ltd 15.15 3.40 19
Promoters & Holding Pattern

Promoters: Lt Col Randeep Hundal and Uday Pal Singh

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 1,89,00,000 100.00%
Promoter Holding Post Issue 2,35,53,284 74.99%

Company Information

About Innovision

Set up in 2007, Innovision Limited offers manpower services, manages toll plazas, and provides skill development training across India. As of January 16, 2026, the firm operates 35 offices across 23 states and 5 union territories in India. Its manpower services are divided into 3 segments: Manned Private Security Services, Integrated Facility Management (IFM) Services, and Manpower Sourcing and Payroll. Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics are among the company’s major customers. Its services are catered to retail, healthcare, warehousing, logistics, and BFSI sectors. So far, the firm has served over 180 clients. Moreover, the firm also offers training to security guards at its training centre in Rewari, Haryana, following government rules.

Objects of the Issue
Purpose Amount (Cr)
Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company 51.00
Funding working capital requirements of the Company 119.00
General Corporate Purpose -

Resources & Documents

Company Contact Information

Innovision Ltd., 1/209, First Floor,, Sadar Bazar,, Delhi Cantt,, Delhi, New Delhi, 110010

Frequently Asked Questions

Innovision IPO is Mainboard IPO. The company is going to raise ₹306 Crores via IPO. The issue is priced at ₹494 to ₹519 per equity share. The IPO is to be listed on BSE & NSE.

The IPO is to open on March 10, 2026 for QIB, NII, and Retail Investors. The IPO will close on March 17, 2026.

The investors’ portion for QIB is 1%, NII is 34%, and Retail is 65%.

You can apply for Innovision IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

Innovision IPO issue size is ₹306 crores.

Innovision IPO Price Band is ₹494 to ₹519.

The minimum bid is 27 Shares with ₹14,013 amount.

Innovision IPO allotment date is March 18, 2026.

Innovision IPO listing date is March 23, 2026. The IPO is to list on BSE & NSE.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

  • Subscription levels — Higher subscription typically drives GMP up
  • Market conditions — Bullish markets tend to boost GMP across all IPOs
  • Company fundamentals — Strong financials and growth potential attract premium
  • Industry sentiment — Positive outlook for the sector can increase demand
  • IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

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