The Innovision Limited IPO has opened for public subscription with a total issue size of ₹322.84 crore.

The public issue is structured as a book built issue, consisting of a fresh issue of equity shares and an offer for sale by existing shareholders.

The subscription period for the IPO opened on March 10, 2026 and will close on March 12, 2026.

Following the closure of the issue, the basis of allotment is expected to be finalised on March 13, 2026. The company’s shares are scheduled to list on both BSE and NSE, with a tentative listing date of March 17, 2026.

Innovision IPO Issue Structure

The IPO includes a fresh issue of shares and an offer for sale component.

The fresh issue consists of 0.47 crore shares, raising approximately ₹255 crore. These funds will generally be used for business expansion, operational requirements and other corporate purposes.

In addition, the IPO includes an offer for sale of 0.12 crore shares, aggregating to ₹67.84 crore, where existing shareholders sell part of their holdings.

Together, the total IPO size stands at ₹322.84 crore.

Innovision IPO Price Band

The price band for the Innovision IPO has been fixed between ₹521 and ₹548 per equity share.

At the upper price band of ₹548 per share, the company is expected to have a market capitalisation of approximately ₹1,290.72 crore after listing.

Investors can submit bids within this price range during the subscription period.

Innovision IPO Lot Size and Investment

The minimum lot size for the IPO is 27 shares.

For retail investors, the minimum investment requirement is:

• 1 lot consisting of 27 shares
• Minimum investment amount ₹14,796

For High Net Worth Individuals (HNIs), the minimum application requirement is higher:

• 14 lots (378 shares)
• Minimum investment amount ₹2,07,144

Investors can apply for multiple lots depending on their financial capacity and category limits.

Innovision IPO Important Dates

Key timelines related to the IPO include:

• IPO opening date: March 10, 2026
• IPO closing date: March 12, 2026
• Expected allotment date: March 13, 2026
• Tentative listing date: March 17, 2026

These dates may vary depending on regulatory processes and final confirmations.

Innovision Limited Business Overview

Innovision Limited operates in the manpower services and infrastructure support sector in India.

The company provides services across three major areas:

• Manpower services
• Toll plaza management
• Skill development training

Innovision began its operations in 2007 with private security services and gradually expanded into other service segments.

Over time, the company diversified its offerings to cater to government agencies, infrastructure operators and corporate clients across India.

Manpower Services Business

A major part of the company’s operations comes from manpower services.

These services include:

• Manned security services
• Integrated facility management (IFM)
• Payroll management services

Through these offerings, the company provides trained personnel for security, maintenance, housekeeping and other operational roles.

Integrated facility management services help organisations manage daily operational activities efficiently while reducing administrative costs.

Toll Plaza Management Operations

Innovision is also engaged in toll plaza management on national highways.

Under this segment, the company handles user fee collection and toll operations for highway infrastructure projects.

Toll plaza management includes several operational responsibilities such as:

• Toll collection management
• Staff deployment
• Traffic management
• Maintenance of toll infrastructure

This business segment benefits from increasing highway development across India.

Skill Development Training Programs

Another key segment of Innovision’s operations is skill development training.

The company conducts training programs under various government skill development initiatives, aimed at improving employment opportunities for youth.

These programs focus on providing vocational skills and industry specific training, helping participants become job ready.

Such initiatives align with government programs that aim to increase employment and develop a skilled workforce in India.

IPO Lead Manager and Registrar

The book running lead manager for the Innovision IPO is Emkay Global Financial Services Limited.

The registrar to the issue is KFin Technologies Limited, which is responsible for managing the application process, allotment records and investor communication.

Both organisations play a crucial role in ensuring that the IPO process is conducted smoothly and in compliance with regulatory guidelines.

Innovision IPO Grey Market Premium

According to current market updates, the Grey Market Premium for the Innovision IPO is around ₹0.

This indicates that no premium is currently observed in the unofficial grey market for the shares before listing.

It is important to understand that grey market trading is unofficial and not regulated by stock exchanges.

Prices in this market depend entirely on informal demand and supply conditions, and they may change rapidly.

Therefore, the Grey Market Premium should only be considered for informational purposes and not as a guaranteed indicator of listing performance.

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