Innovision Limited is a service provider engaged in manpower services, toll plaza management, and skill development training across India. The company delivers workforce solutions and operational support services to businesses and infrastructure projects through a wide network of offices across the country.
As of January 15, 2026, Innovision Limited has 35 offices, including registered and corporate offices, and operates in 23 states and 5 union territories in India, reflecting its strong nationwide presence.
Manpower Services:
- Manned Private Security Services: Deployment of trained security personnel for client premises.
- Integrated Facility Management (IFM) Services: Services such as housekeeping, maintenance, and facility operations management.
- Manpower Sourcing and Payroll Services: Recruitment, staffing, and payroll management solutions for client organizations.
As of January 15, 2026, the company has served more than 180 clients across multiple industries and provided services at over 1,000 client premises.
Innovision serves clients across sectors such as retail, healthcare, warehousing, logistics, and BFSI, with notable customers including Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics.
Innovision Limited also focuses on training and skill development for security personnel. The company provides physical and classroom training programs in compliance with the Private Security Agency Regulatory Act.
These training programs are conducted at the company’s training centre located in Turkiawas, Rewari, Haryana, where security personnel receive professional training before deployment.
Innovision IPO – Details
| IPO Opening Date | 10 March 2026 |
| IPO Closing Date | 12 March 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 58,91,284 Shares Worth ₹322.84 Crore Fresh Issue: 46,53,284 Shares Worth ₹255.00 Crore Offer For Sale: 12,38,000 Shares Worth ₹67.84 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹521 – ₹548 per share |
| Market Lot | 27 Shares |
| Min Order | 27 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 1% |
| NII (HNI) Shares Offered | 34% |
| Retail Shares Offered | 65% |
Innovision IPO – Date Schedule
| IPO Open Date | 10 March 2026 |
| IPO Close Date | 12 March 2026 |
| Basis of Allotment | 13 March 2026 |
| Initiation of Refund | 16 March 2026 |
| Credit of Shares to Demat Account | 16 March 2026 |
| IPO Listing Date | 17 March 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 12, 2026 |
Innovision IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,796 |
| Retail (Max) | 13 | 351 | ₹1,92,348 |
| S-HNI (Min) | 14 | 378 | ₹2,07,144 |
| S-HNI (Max) | 67 | 1,809 | ₹9,91,332 |
| B-HNI (Min) | 68 | 1,836 | ₹₹10,06,128 |
Competitive Strength
- Wide geographical reach and locations across India.
- Diverse portfolio of manpower services.
- Established systems and processes leading to a scalable business model.
- Experienced management and operational team.
- Recruitment capability, domain knowledge, and knowledge of labour regulations.
Company Promoters
- Lt Col Randeep Hundal
- Uday Pal Singh
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹257.62 Cr | ₹247.32 Cr | ₹8.88 Cr | ₹33.34 Cr |
| 31 March 2024 | ₹512.13 Cr | ₹501.16 Cr | ₹10.27 Cr | ₹48.15 Cr |
| 31 March 2025 | ₹895.95 Cr | ₹856.90 Cr | ₹29.02 Cr | ₹79.05 Cr |
| 30 September 2025 | ₹483.10 Cr | ₹459.53 Cr | ₹20.00 Cr | ₹112.39 Cr |
Key Performance Indicator
| KPI | Values (Sep 30, 2025) |
|---|---|
| ROE | 19.55% |
| ROCE | 18.19% |
| Debt/Equity | 1.10 |
| RoNW | 19.55% |
| PAT Margin | 4.17% |
| EBITDA Margin | 6.34% |
| Pre IPO | Post IPO | |
| EPS (₹) | 15.36 | 16.99 |
| P/E (x) | 35.69 | 32.26 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment or pre-payment, in part or in full, of all or certain borrowings availed by the Company. | ₹51.00 |
| Funding the working capital requirements of the Company. | ₹119.00 |
| General corporate purposes. |
Innovision IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Krystal Integrated Services Limited | 13.47 |
| 2 | 10 | Updater Services Limited | 8.62 |
| 3 | 5 | SIS Limited | 401.85 |
| 4 | 10 | Quess Corp Limited | 63.37 |
| 5 | 5 | Highway Infrastructure Ltd | 15.15 |
✅Strengths
- Pan-India operations across 23 states and 5 union territories.
- Diversified services include security, facility management, manpower sourcing, and toll management.
- Large client network with 180+ clients across 1,000+ premises.
- Presence across multiple sectors, including retail, healthcare, logistics, warehousing, and BFSI.
- In-house training facility for security personnel in Rewari, Haryana.
⚠️Risks
- Highly manpower-dependent business model with high employee management requirements.
- Revenue dependence on key clients and contracts.
- Exposure to labour law and regulatory compliance risks.
- Highly competitive manpower and facility management industry.
- Short-term service contracts may impact revenue visibility.
Innovision IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.99% |
Innovision IPO Prospectus
Company Contact Information
| Innovision Ltd. 1/209, First Floor, Sadar Bazar, Delhi Cantt, Delhi, New Delhi, 110010 Phone: +91 011 208 9790 Email: cs@innovision.co.in Website: https://www.innovision.co.in/ |
Innovision IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: innovision.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Innovision IPO Lead Manager(s)
| 1. Emkay Global Financial Services Ltd. |
Innovision IPO FAQs
| What is the Innovision IPO? Innovision IPO is a main-board IPO. The issue is priced at ₹521 to ₹548 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Innovision IPO open? The IPO is to open on 10 March 2026 for QIB, NII, and Retail Investors. |
| What is Innovision IPO Investors Portion? The investors’ portion for QIB – 1%, NII – 34%, and Retail – 65%. |
| What is the Innovision IPO Size? Innovision IPO size is ₹322.84 Crore. |
| What is the Innovision IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 27 Shares with ₹14,796, while the maximum bid is 351 Shares with ₹1,92,348. |
| What is the Innovision IPO Allotment Date? Innovision IPO allotment date is 13 March 2026. |
| What is the Innovision IPO Listing Date? Innovision IPO listing date is 17 March 2026. The IPO is to be listed on the BSE and the NSE. |
