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Innovision IPO Details
IPO Overview
Innovision Limited is a manpower services and toll-plaza management company operating across India. The company provides security services, facility management, payroll services, skill development training, and toll collection operations, mainly for government and infrastructure projects.
The IPO aims to raise funds for debt repayment, working capital, and business expansion.
Innovision IPO – Key Details
| Detail | Information |
|---|---|
| IPO Open Date | 10 March 2026 |
| IPO Close Date | 12 March 2026 |
| Price Band | ₹521 – ₹548 per share |
| Face Value | ₹10 per share |
| Lot Size | 27 Shares |
| Minimum Investment | ₹14,796 |
| Issue Size | ₹322.84 Crore |
| Fresh Issue | ₹255 Crore |
| Offer for Sale | ₹67.84 Crore |
| Listing Exchange | NSE & BSE |
| Registrar | KFin Technologies |
| Lead Manager | Emkay Global Financial Services |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening | 10 March 2026 |
| IPO Closing | 12 March 2026 |
| Allotment Date | 13 March 2026 |
| Refund Initiation | 16 March 2026 |
| Shares in Demat | 16 March 2026 |
| Listing Date | 17 March 2026 |
About the Company
Innovision Limited started operations in 2007 as a private security service provider and later expanded into several service segments.
Key Business Segments
- Manpower Services
- Private security services
- Facility management
- Staffing & payroll services
- Toll Plaza Management
- Toll collection operations
- National Highway toll management projects
- Skill Development
- Vocational training programs under government schemes
The company operates in 23 states and 5 union territories in India.
Financial Highlights
| Year | Revenue | Profit |
|---|---|---|
| FY23 | ₹256 Cr | — |
| FY24 | ₹510 Cr | — |
| FY25 | ₹893 Cr | ₹29 Cr |
Revenue has grown significantly over the last few years due to expansion in manpower and toll management services.
IPO Objective (Use of Funds)
The company plans to use IPO proceeds for:
- ₹51 Cr – Repayment of borrowings
- ₹119 Cr – Working capital requirements
- Remaining – General corporate purposes
Strengths
✔ Diversified services (security, manpower, toll operations)
✔ Strong presence across India
✔ Government projects and infrastructure exposure
✔ Rapid revenue growth
Risks
⚠ Dependence on government contracts
⚠ Manpower-intensive business model
⚠ Competition in facility management sector
⚠ Low margin service industry
Investor View
This IPO may attract investors looking for exposure to infrastructure services and manpower outsourcing businesses.
However, since the business is service-based with moderate margins, investors should evaluate financial growth and project pipeline carefully.