The Indian primary market is buzzing as Innovision IPO, a Gurugram-based manpower and facility management player, makes its debut on Dalal Street. Established in 2007, the company has evolved from a small security firm into a diversified services giant.
If you are tracking the latest market moves, here is a quick and clear breakdown of everything you need to know about the Innovision IPO.
The Important Dates
The bidding process is currently in full swing. Mark your calendars with these key dates:
- IPO Open Date: March 10, 2026
- IPO Close Date: March 12, 2026
- Allotment Finalization: March 13, 2026
- Listing Date: March 17, 2026 (Tentative)
The shares are set to be listed on both the NSE and BSE.
Price Band and Issue Size
Innovision is looking to raise approximately 323 crore through this public issue.
- Price Band: 521 to 548 per equity share.
- Fresh Issue: 255 crore (New shares being issued by the company).
- Offer for Sale (OFS): 68 crore (Existing promoters selling their stake).
- Lot Size: 27 shares.
For a retail investor, the minimum investment starts at 14,796 (calculated at the upper price band).
What does Innovision do?
Innovision isn’t just about one thing; it operates across three major segments that keep India moving:
Manpower Services: Providing security guards, facility management, and payroll services to sectors like healthcare, retail, and BFSI.
Toll Plaza Management: Managing user fee collection on National Highways. This is currently a major revenue driver for the company.
Skill Development: Partnering with government bodies (like NSDC) to provide vocational training across 23 states and 5 union territories.
Financial Performance
The company has shown significant growth over the last few years. Here is how the numbers look:
- Revenue Growth: Revenue jumped from 257 crore in FY23 to nearly 896 crore in FY25.
- Profitability: Net profit rose from 8.88 crore to 29.02 crore in the same period.
- Efficiency: The company boasts a high Return on Equity (ROE) of around 35.45%
Where will the money go?
Innovision plans to use the funds raised from the fresh issue for:
- 51 crore for repaying or prepaying existing high-cost borrowings.
- 119 crore to meet daily working capital needs.
- The remainder will be used for general corporate purposes.
