Innovision IPO Report

Issuance Details

• Price Band: ₹521 to ₹548 per share
• IPO Size: ₹322.84 crore
• Issue Composition:
  • Fresh Issue: 47 lakh shares, ₹255 crore
  • Offer for Sale (OFS): 12.4 lakh shares, ₹67.84 crore

Subscription Schedule

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• Subscription Period: Tuesday, March 10 to Thursday, March 12
• Allotment Date: Friday, March 13
• Listing Date: Tuesday, March 17

Lot Details

• Lot Size: 27 shares
• Minimum Lot Size: 1 lot (₹14,796 at upper price band)
• Maximum Lot Size: 13 lots (₹1,92,348 at upper price band)

Reservation Policy

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• Retail Investors: 65% of net issue
• Non-Institutional Investors (NIIs): Not less than 34% of net issue
• Qualified Institutional Buyers (QIBs): Not more than 1% of net issue

Lead Managers and Registrar

• Book-Running Lead Manager: Emkay Global Financial Services Ltd.
• Registrar: KFin Technologies

Utilization of Proceeds

• Payment of borrowings: ₹[insert amount]
• Funding of working capital requirements: ₹[insert amount]
• General corporate purposes: ₹[insert amount]

Company Overview

• Business Segment: Manpower services, toll plaza management, and skill development training
• Operational Presence: 23 states and 5 union territories as of January 15, 2026

Financial Performance

• Profit:
  • FY23: ₹9 crore
  • FY24: ₹10.3 crore
  • FY25: ₹29 crore
• Revenue from Operations:
  • FY23: ₹255.56 crore
  • FY24: ₹510.3 crore
  • FY25: ₹893.1 crore