Innovision Limited IPO Details

IPO Price Band: The Innovision Limited IPO price band has been fixed in the range of ₹521 to ₹548 per equity share of the face value of ₹10.

IPO Schedule:

• Subscription dates: Tuesday, March 10 to Thursday, March 12
• Allocation to anchor investors: Monday, March 9
• Tentative basis of allotment of shares: Friday, March 13
• Refunds: Monday, March 16
• Listing on BSE and NSE: Tuesday, March 17

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IPO Details:

• Upper end of the price band: ₹548 per equity share
• Total amount to be raised: ₹322.84 crore
• Fresh issue amount: ₹255 crore
• Offer-for-sale: 12.38 lakh equity shares
• Allocation of proceeds:

• Repayment of specific borrowings: ₹51 crore
• Working capital needs: ₹119 crore
• General corporate purposes: remaining funds

Emkay Global Financial Services is serving as the book-running lead manager for the issue, while Kfin Technologies acts as the registrar.

Company Overview:

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• Innovision Limited offers manpower solutions, toll plaza management, and training for skill development to clients throughout India
• Operates from 35 offices across the country
• Functions in 23 states and 5 union territories as of January 15, 2026
• Manpower Services division divided into three operational segments: Manned Private Security Services, Integrated Facility Management (IFM) Services, and Manpower Sourcing and Payroll
• Over 180 clients from various industries, including retail, healthcare, warehousing, logistics, and BFSI
• Notable customers include Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics

Financial Performance:

• Profit for fiscal year: ₹29 crore, reflecting an increase of 182.5% compared to ₹10.3 crore from the prior year
• Revenue for fiscal year: ₹893.1 crore, up by 75% from ₹510.3 crore
• Profit for half-year period ending September 2025: ₹20 crore on revenues of ₹480 crore