Innovision IPO GMP today is Rs -51.3. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
INNOVISION
Innovision IPO GMP, Subscription & Allotment Status Today
Innovision Limited IPO is a ₹322.84 crore public issue that opened for subscription from 10 March to 12 March 2026. The IPO is priced between ₹521 and ₹548 per share with a lot size of 27 shares, requiring a minimum investment of about ₹14,796. Innovision Limited provides manpower services, toll plaza management, and skill development training across India, serving multiple industries such as infrastructure, logistics, healthcare, and retail. The company plans to use the IPO proceeds mainly for debt repayment, working capital requirements, and general corporate purposes.
- Price Band
- ₹494.00 - ₹519.00
- Lot Size
- 27 Shares
- Bidding Closes
- 17 Mar 2026
- Listing Date
- 23 Mar 2026
Current GMP Status
₹-51.3
-9.88% vs upper band
Est. Listing Gain
-9.88%
Last Trend
24 Mar 2026
Listing Price
₹467.70
Retail Entry
₹14,013
IPO Details
Complete IPO information
| Current GMP | ₹-51.3 |
|---|---|
| Estimated Listing Gain | -9.88% |
| Price Band | ₹494.00 - ₹519.00 |
| Issue Price | Approx ₹519.00 Crores |
| Listing Price | ₹467.70 |
| Lot Size | 27 Shares |
| Issue Type | Mainboard |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 3.46x |
| Listing Date | 23 Mar 2026 |
| Minimum Investment | ₹14,013 |
Head-to-head
Compare Innovision IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Innovision is priced at ₹519 per share. With a minimum lot size of 27 shares, a retail investor applying for one lot would need approximately ₹14,013 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Innovision stands at ₹-51.3, implying an estimated listing gain of around -9.88% over the issue price if it holds until listing. This is up ₹36.7 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Innovision's IPO was subscribed 3.46x overall, with a category-wise breakdown of Retail 0.6x, QIB 14.3x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
10 Mar 2026
✓
Bidding Closes
17 Mar 2026
✓
Allotment
13 Mar 2026
✓
Listing
23 Mar 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 24 Mar 2026 | ₹-51.30 | +₹36.70 | -9.88% |
| 20 Mar 2026 | ₹-88.00 | -₹74.00 | -16.96% |
| 18 Mar 2026 | ₹-14.00 | -₹40.00 | -2.70% |
| 17 Mar 2026 | ₹26.00 | +₹7.00 | 5.01% |
| 16 Mar 2026 | ₹19.00 | -₹52.00 | 3.66% |
| 12 Mar 2026 | ₹71.00 | +₹71.00 | 12.96% |
| 11 Mar 2026 | ₹0.00 | - | 0.00% |
| 10 Mar 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 27 | ₹14,013 |
| Retail Maximum | 14 Lot | 378 | ₹1,96,182 |
| S-HNI Minimum | 15 Lot | 405 | ₹2,10,195 |
| S-HNI Maximum | 71 Lot | 1,917 | ₹9,94,923 |
| B-HNI Minimum | 72 Lot | 1,944 | ₹10,08,936 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Innovision IPO Details
| IPO Open Date | March 10, 2026 |
|---|---|
| IPO Close Date | March 12, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹521 to ₹548 Per Share |
| Issue Size | Approx ₹323 Crores |
| Fresh Issue | Approx ₹255 Crores |
| Offer for Sale | Approx 12,38,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
Analysis
Innovision IPO Reservation
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | –% |
| QIB (Ex. Anchor) | – Shares | 1% |
| NII (HNI) | – Shares | 34% |
| Retail Investors | – Shares | 65% |
Analysis
Innovision IPO Dates
| IPO Open Date | March 10, 2026 |
|---|---|
| IPO Close Date | March 12, 2026 |
| Basis of Allotment | March 13, 2026 |
| Refunds | March 16, 2026 |
| Credit to Demat Account | March 16, 2026 |
| IPO Listing Date | March 17, 2026 |
| IPO Bidding Cut-off Time | March 12, 2026 – 5 PM |
Analysis
Promoters and Holding Pattern
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,89,00,000 | 100% |
| Promoter Holding Post Issue | 2,35,53,284 | 74.99% |
Promoters: Lt Col Randeep Hundal and Uday Pal Singh
Analysis
Objects of the Issue & Utilisation of Proceeds
| Purpose | Amount (₹ Crores) |
|---|---|
| Repayment or pre-payment, in part or full, of all or certain borrowings availed by the Company | ₹51.00 |
| Funding working capital requirements of the Company | ₹119.00 |
| General Corporate Purpose | ₹- |
Analysis
About Innovision IPO
Set up in 2007, Innovision Limited offers manpower services, manages toll plazas, and provides skill development training across India. As of January 16, 2026, the firm operates 35 offices across 23 states and 5 union territories in India. Its manpower services are divided into 3 segments: Manned Private Security Services, Integrated Facility Management (IFM) Services, and Manpower Sourcing and Payroll.
Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics are among the company’s major customers. Its services are catered to retail, healthcare, warehousing, logistics, and BFSI sectors. So far, the firm has served over 180 clients. Moreover, the firm also offers training to security guards at its training centre in Rewari, Haryana, following government rules.
Analysis
Innovision IPO Company Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | ₹257.62 | ₹247.32 | ₹8.88 | ₹108.17 |
| 2024 | ₹512.13 | ₹501.16 | ₹10.27 | ₹157.05 |
| 2025 | ₹895.95 | ₹856.90 | ₹29.02 | ₹220.30 |
| Sep 2025 | ₹483.10 | ₹459.53 | ₹20.00 | ₹271.66 |
All values are reported in ₹ Crores.
Analysis
Innovision IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 35.45% |
| ROCE | 40.77% |
| EBITDA Margin | 5.79% |
| PAT Margin | 3.25% |
| Debt to Equity Ratio | 0.97 |
| Earning Per Share (EPS) | ₹15.62 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 35.45% |
| Net Asset Value (NAV) | ₹43.32 |
Analysis
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Krystal Integrated Services Limited | 44.61 | 13.47 | 14.30% | 312.92 | ₹1,212.78 Cr |
| Updater Services Limited | 17.70 | 8.62 | 12.33% | 144.07 | ₹2,736.06 Cr |
| SIS Limited | 0.81 | 401.85 | 0.49% | 166.79 | ₹13,189.04 Cr |
| Quess Corp Limited | 3.07 | 63.37 | 4.23% | 72.92 | ₹14,967.20 Cr |
| Highway Infrastructure Ltd | 3.40 | 15.15 | 19.03% | 20.37 | ₹495.72 Cr |
Analysis
IPO Lead Managers aka Merchant Bankers
- Emkay Global Financial Services Ltd.
FAQ
Innovision IPO FAQs
Innovision IPO price band is Rs 494.00 to Rs 519.00. Check the latest issue price, lot size and GMP together before applying.
Innovision IPO open date is 10 Mar 2026, close date is 17 Mar 2026, and listing date is 23 Mar 2026.
Innovision IPO lot size is 27 shares. The minimum retail investment is Rs 14,013.
Innovision is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Innovision IPO subscription status currently shows Retail 0.6x, QIB 14.3x, Overall 3.46x.
Innovision Limited IPO is a ₹322.84 crore public issue that opened for subscription from 10 March to 12 March 2026. The IPO is priced between ₹521 and ₹548 per share with a lot size of 27 shares, requiring a minimum investment of about ₹14,796. Innovision Limited provides manpower services, toll plaza management, and skill development training across India, serving multiple industries such as infrastructure, logistics, healthcare, and retail. The company plans to use the IPO proceeds mainly for debt repayment, working capital requirements, and general corporate purposes.
Innovision IPO issue size is TBA and the expected allotment date is 13 Mar 2026.
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