Innovision IPO
Innovision IPO is a book build issue of ₹305.76 crores. The issue is a combination of fresh issue of 0.47 crore shares aggregating to ₹241.51 crores and offer for sale of 0.12 crore shares aggregating to ₹64.25 crores. Innovision IPO bidding opened for subscription on Mar 10, 2026 and will close on Mar 17, 2026. The allotment for the Innovision IPO is expected to be finalized on Mar 18, 2026. Innovision IPO will list on BSE, NSE with a The tentative listing date fixed as Mar 20, 2026. Innovision IPO is set issue price band at ₹494 to ₹519 per share. The lot size for an application is 27. The minimum amount of investment required by an retail is ₹14,013 (27 shares) (based on upper price). The lot size investment for sNII is 15 lots (405 shares), amounting to ₹2,10,195, and for bNII , it is 72 lots (1,944 shares), amounting to ₹10,08,936. Emkay Global Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Total Shares
58,91,284
Issue Size
₹306 Cr
Price Band
₹494 – ₹519
Lot Size
27 shares
Min. Investment
₹14,013
Max. Investment
₹1,96,182
Open Date
10 Mar, 2026
Close Date
17 Mar, 2026
Allotment
18 Mar, 2026
Listing
20 Mar, 2026
Max. Investment
₹1,96,182
Announced
10 Mar, 2026
Opening Date
10 Mar, 2026
Closing Date
17 Mar, 2026
Basis of Allotment
18 Mar, 2026
Initiation of Refunds
19 Mar, 2026
Credit of Shares
19 Mar, 2026
Listing Date
20 Mar, 2026
Live GMP
Est. Listing: ₹536
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Incorporated in 2007, Innovision Limited provides manpower services, toll plaza management, and skill development training to clients across India. The company has 35 offices, including registered and corporate offices, across India. As of Jan 15, 2026, Innovision Limited operates in in 23 states and 5 union territories of India.
Manpower Services comprises 3 operational segments as follows: Manned Private Security Services, Integrated Facility Management (IFM) Services and Manpower Sou
Issue Breakdown
Shareholding
Dilution: 24.6% increase in shares
Investors can bid for a minimum of 27 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,013 |
| Retail (Max) | 14 | 378 | ₹1,96,182 |
| S-HNI (Min) | 15 | 405 | ₹2,10,195 |
| S-HNI (Max) | 71 | 1917 | ₹9,94,923 |
| B-HNI (Min) | 72 | 1944 | ₹10,08,936 |
(All values in CR)
| Metric | Value |
|---|---|
| ROE | 19.55 |
| ROCE | 18.19 |
| Debt/Equity | 1.10 |
| RoNW | 19.55 |
| PAT Margin | 4.17 |
| EBITDA Margin | 6.34 |
| Price to Book Value | - |
(All values in CR)
Innovision IPO Strengths 👍
Innovision IPO Risks ⚠️
Innovision IPO subscribed 1.25 times. The public issue subscribed 0.29 times in the retail category, 13.09 times in QIB (Ex Anchor), and 2.73 times in the NII category by March 16, 2026 5:05:38 PM (Day 5).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| QIB (Ex Anchor) | 13.09 | 58,913 | 8,04,978 | 41.778 |
| NII | 2.73 | 20,03,037 | 57,12,552 | 296.481 |
| bNII (> ₹10L) | 3.80 | 13,35,554 | 53,01,097 | 275.127 |
| sNII (< ₹10L) | 0.59 | 6,67,483 | 4,11,453 | 21.354 |
| Retail | 0.29 | 38,29,335 | 11,74,797 | 60.972 |
| Total | 1.25 | 58,91,285 | 76,92,327 | 399.232 |
Innovision IPO last GMP is ₹17, last updated Mar 16th 2026 03:56 PM. With the price band of 519.00, Innovision IPO's estimated listing price is ₹536 (cap price + today's GMP).The expected percentage gain/loss per share is 3.28%. >> Innovision IPO Retail Subject to Sauda: ₹300 >> Innovision IPO Small HNI Subject to Sauda: ₹4500 The lowest GMP is ₹0.00, while the highest GMP is ₹66.00.
Last updated 16 Mar, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 16 Mar, 2026 | 548 | ₹17▼ | 300/4500 | ₹536 (3.28%) | 459 | 16 Mar, 2026 |
| 15 Mar, 2026 | 548 | ₹19▼ | 400/6000 | ₹538 (3.66%) | 513 | 15 Mar, 2026 |
| 14 Mar, 2026 | 548 | ₹20▲ | 400/6000 | ₹539 (3.85%) | 540 | 14 Mar, 2026 |
| 13 Mar, 2026 | 0 | ₹7▲ | 100/1500 | ₹526 (1.35%) | 189 | 13 Mar, 2026 |
| 12 Mar, 2026 | 548 | ₹0▼ | - | ₹548 (0.00%) | - | 12 Mar, 2026 |
| 11 Mar, 2026 | 548 | ₹66▲ | 1400/19600 | ₹614 (12.04%) | 1782 | 11 Mar, 2026 |
| 10 Mar, 2026 | 548 | ₹0 | - | ₹548 (0.00%) | - | 10 Mar, 2026 |
| 09 Mar, 2026 | 548 | ₹0 | - | ₹548 (0.00%) | - | 09 Mar, 2026 |
| 08 Mar, 2026 | 548 | ₹0 | - | ₹548 (0.00%) | - | 08 Mar, 2026 |
| 07 Mar, 2026 | 548 | ₹0 | - | ₹548 (0.00%) | - | 07 Mar, 2026 |
| 06 Mar, 2026 | 548 | ₹0 | - | ₹548 (0.00%) | - | 06 Mar, 2026 |
| 05 Mar, 2026 | 548 | ₹0 | - | ₹548 (0.00%) | - | 05 Mar, 2026 |
| 04 Mar, 2026 | 0 | ₹0 | - | ₹ (%) | - | 04 Mar, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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