Innovision IPO: Check GMP, Price Band, Dates, Lot Size and Key Highlights
The Innovision IPO has opened for subscription and is drawing attention from investors looking for both long term opportunities and listing gains. The IPO opened on March 10, 2026 and will close on March 12, 2026. The company aims to raise about ₹322.84 crore through this public issue.
Before applying, investors should check the Grey Market Premium (GMP), issue details, financial performance, and risk factors.
Innovision IPO Details
| IPO Detail | Information |
|---|---|
| Company | Innovision Limited |
| IPO Type | Book Build Issue |
| IPO Open Date | March 10, 2026 |
| IPO Close Date | March 12, 2026 |
| Listing Date | March 17, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹521 to ₹548 per share |
| Lot Size | 27 shares |
| Minimum Investment | ₹14,796 |
| Issue Size | ₹322.84 crore |
| Fresh Issue | ₹255 crore |
| Offer For Sale | 12.38 lakh shares |
| Listing Exchange | BSE & NSE |
| Registrar | KFin Technologies Ltd. |
Innovision IPO GMP Today
| Date | GMP | Expected Listing Price |
|---|---|---|
| March 10, 2026 | ₹0 | Around ₹548 |
Currently, the Innovision IPO GMP is ₹0, which indicates neutral demand in the grey market and suggests the shares are trading near the issue price.
Remember, GMP is unofficial and changes frequently, so it should not be the only factor when deciding to apply.
Innovision IPO Dates (Important Timeline)
| Event | Date |
|---|---|
| IPO Opening Date | March 10, 2026 |
| IPO Closing Date | March 12, 2026 |
| Allotment Finalization | March 13, 2026 |
| Refund Initiation | March 16, 2026 |
| Shares Credit to Demat | March 16, 2026 |
| Listing Date | March 17, 2026 |
Innovision IPO Lot Size
| Category | Lots | Shares | Investment (₹548) |
|---|---|---|---|
| Retail Minimum | 1 | 27 | ₹14,796 |
| Retail Maximum | 13 | 351 | ₹1,92,348 |
| Small HNI | 14 | 378 | ₹2,07,144 |
| Large HNI | 68 | 1,836 | ₹10,06,128 |
About Innovision Limited
Founded in 2007, Innovision Limited provides manpower services, facility management, toll plaza operations, and skill development training across India.
Key facts about the company:
- Operates 35 offices across India
- Presence in 23 states and 5 union territories
- Serves 180+ clients across multiple industries
- Works with sectors such as logistics, healthcare, retail, BFSI, and warehousing
The company also provides security services, payroll management, manpower outsourcing, and training programs.
Objectives of the IPO
The company plans to use the IPO funds for:
- Repayment of borrowings – ₹51 crore
- Working capital requirements – ₹119 crore
- General corporate purposes
Innovision Financials
| Period | Revenue | Profit After Tax | Assets |
|---|---|---|---|
| FY2023 | ₹257.62 Cr | ₹8.88 Cr | ₹108.17 Cr |
| FY2024 | ₹512.13 Cr | ₹10.27 Cr | ₹157.05 Cr |
| FY2025 | ₹895.95 Cr | ₹29.02 Cr | ₹220.30 Cr |
| Sep 2025 | ₹483.10 Cr | ₹20.00 Cr | ₹271.66 Cr |
The company has shown strong revenue growth over the past three years, with revenue nearly tripling from FY2023 to FY2025.
Key Financial Ratios
| KPI | Value |
|---|---|
| ROE | 35.45% |
| ROCE | 40.77% |
| EBITDA Margin | 5.79% |
| PAT Margin | 3.25% |
| Debt to Equity | 0.97 |
| EPS | ₹15.62 |
| NAV | ₹43.32 |
Innovision IPO Strengths
1. Diversified Services
The company operates across manpower services, facility management, and toll operations.
2. Strong Government Partnerships
Works with government bodies such as NSDC, MoRD, and NCVT.
3. Pan-India Presence
Operations across multiple states help expand business opportunities.
4. Growing Workforce Demand
Increasing outsourcing demand for manpower services supports future growth.
Risk Factors
Investors should also consider these risks:
- High customer concentration, especially with NHAI contributing a large share of revenue.
- Low profit margins typical of manpower service businesses
- Dependence on government contracts and infrastructure projects
Key Takeaways
- Innovision IPO opened on March 10, 2026 and closes on March 12, 2026.
- The price band is ₹521 to ₹548 per share.
- Minimum investment is ₹14,796 for 1 lot (27 shares).
- Current GMP is around ₹0, suggesting neutral grey market demand.
- The company operates in manpower and facility management services with pan-India presence.
FAQs
Q. What is the Innovision IPO GMP today?
The latest grey market premium is around ₹0, indicating no premium in the grey market currently.
Q. What is the price band of Innovision IPO?
The price band is ₹521 to ₹548 per share.
Q. What is the minimum investment in Innovision IPO?
Retail investors must invest at least ₹14,796 for 1 lot (27 shares).
Q. When will Innovision IPO list?
The shares are expected to list on March 17, 2026 on BSE and NSE.
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Lemonn (Formerly known as NU Investors Technologies Pvt. Ltd) do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
