Innovision IPO Update

IPO Details

• Listing Date: March 17
• Issue Size: Rs 323 crore
• Price Band: Rs 521-548 per share
• Valuation: Up to Rs 1,300 crore at the higher end

IPO Structure

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• Fresh Issue: Rs 255 crore
• Offer for Sale (OFS): 12.38 lakh equity shares, worth up to Rs 68 crore
• Promoters Selling Shares: Randeep Hundal and Uday Pal Singh

IPO Timeline

• Public Subscription: March 10-12
• IPO Concludes: March 12
• Company Debut: March 17

Use of Proceeds

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• Debt Repayment: Rs 255 crore
• Working Capital Requirements: Rs 255 crore
• General Corporate Purposes: Rs 255 crore

Company Overview

• Services: Manpower services, toll plaza management, skill development training, recruitment, and placement consultancy
• Client Base: Over 200 clients across various sectors
• Locations: More than 1,500 client locations
• Toll Plaza Operations: Six locations, including Lachhiwala (Uttarakhand), Nazirakhat (Assam), and Tarwa Dewa (Uttar Pradesh)

Lead Manager

• Emkay Global Financial Services: Sole book-running lead manager to the issue