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IPO ·
BSE, NSE
Innovision Ltd
Listed
Incorporated in 2007, Innovision Limited provides manpower services, toll plaza management, and skill development training to clients across India.
Issue details
Price band
₹494 – ₹519
Face value
₹10
Lot size
27 shares
Minimum investment
₹14,013
Issue size
₹319.25 Cr
Fresh issue
₹255.00 Cr
Offer for sale
₹64.25 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
10 Mar 2026
Closes
17 Mar 2026
UPI mandate cut-off
5:00 PM on 17 Mar 2026
Allotment
18 Mar 2026
Refunds
20 Mar 2026
Shares in demat
20 Mar 2026
Listing
23 Mar 2026
Subscription and listing
Subscription
3.35x
Listing price
₹467.70
Registrar
Kfin Technologies Ltd
Lead manager
Emkay Global Financial Services
Subscription by category
Total
3.35x
Total applications
77,178
Listing day
Issue price
₹519
Open
₹467.70
High
₹470.00
Low
₹374.20
Day close
₹374.20
Listing gain at open
-9.88%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
61,512
1.00%
NII Shares Offered
20,91,440
34.00%
bNII > ₹10L
13,94,294
22.67%
sNII < ₹10L
6,97,146
11.33%
Retail Shares Offered
39,98,342
65.00%
Total Shares Offered
61,51,294
100.00%
Finaccle’s quick read
Neutral
FY25 income up 75%, PAT up 183%, ROE 19.55%, D/E 1.10, post-issue P/E 30.89x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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 Jan 15, 2026, Innovision Limited operates in in 23 states and 5 union territories of India. Manpower Services comprises 3 operational segments as follows: Manned Private Security Services, Integrated Facility Management (IFM) Services and Manpower Sourcing and Payroll. As of Jan 15, 2026, the company served more than 180 clients across various sectors and rendered services to over 1,000 client premises.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
19.55%
ROCE
18.19%
Debt / equity
1.10
PAT margin
4.17%
P/E post issue
30.89
Market cap
₹1,235.91 Cr
Use of IPO money
Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company
₹51.00 Cr
Funding working capital requirements of the Company
₹119.00 Cr
General Corporate Purposes
₹39.80 Cr
Issue Expenses
₹56.57 Cr
Strengths
✓
Wide geographical reach and locations across India
✓
Revenue up 75% in FY25 to ₹895.95 Cr
✓
PAT up 183% in FY25 to ₹29.02 Cr
✓
ROE of 19.55% and ROCE of 18.19%
Risks to watch
!
Thin PAT margin of 4.17%
!
Debt to equity of 1.10
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.