Innovision IPO is a bookbuilt issue of Rs 322.84 crore. It combines a fresh issue of 0.47 crore shares aggregating to ₹255.00 crore and offer for sale of 0.12 crore shares aggregating to ₹67.84 crore.
The IPO opens for subscription on March 10, 2026, and closes on March 12, 2026. The allotment is expected to be finalized on Friday, March 13, 2026. The price band for the IPO is set at ₹521 to ₹548 per share, and the minimum lot size for an application is 27 shares.
Company Summary
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 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.
The company serves customers across sectors, including retail, healthcare, warehousing, logistics, and BFSI. Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics are some of the customers.
Innovision Limited also provides physical and classroom training to security personnel under the Private Security Agency Regulatory Act, 2025, at a training centre located at Turkiawas, Rewari, Haryana.
Company Strengths
- 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
Company Financials
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 271.66 | 220.3 | 157.05 | 108.17 |
| Total Income | 483.1 | 895.95 | 512.13 | 257.62 |
| Profit After Tax | 20 | 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 | ||||
Objectives of IPO
- Repayment or pre-payment, in part or in full, of all or certain borrowings availed by the Company
- Funding the working capital requirements of the Company
- General Corporate Purposes
Promoters of the company
Lt Col Randeep Hundal and Uday Pal Singh are the company promoters.
IPO Details
| IPO Date | March 10, 2026 to March 12, 2026 |
| Listing Date | March 17, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹521 to ₹548 per share |
| Lot size | 27 shares |
| Total Issue size | 58,91,284 shares (aggregating upto ₹323.00 Cr ) |
| Fresh Issue | 46,53,284 shares (aggregating upto ₹255.00 Cr ) |
| Offer for Sale | 12,38,000 shares of ₹10 (aggregating upto ₹68.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 1,89,00,000 shares |
| Share Holding Post Issue | 2,35,53,284 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 27 | ₹14,796.00 |
| Retail (Max) | 13 | 351 | ₹1,92,348.00 |
| S-HNI (Min) | 14 | 378 | ₹2,07,144.00 |
| S-HNI (Max) | 67 | 1,809 | ₹9,91,332.00 |
| B-HNI (Min) | 68 | 1,836 | ₹10,06,128.00 |
Allotment Schedule
| Basis of Allotment | Fri, 13 Mar, 2026 |
| Initiation of Refunds | Mon, 16 Mar, 2026 |
| Credit of Shares to Demat | Mon, 16 Mar, 2026 |
| Tentative Listing Date | Tue, 17 Mar, 2026 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 1% of the Offer |
| Retail Shares Offered | Not less than 65% of the Offer |
| NII Shares Offered | Not less than 34% of the Offer |
Source – SEBI, Chittorgarh
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