The Innovision Limited IPO is set to open for subscription on March 10, 2026, offering investors an opportunity to participate in a company operating in the manpower services, toll plaza management, and skill development training sector.

The IPO will remain open for bidding until March 12, 2026, and the company plans to list its shares on both the NSE and BSE. The IPO allotment is expected to be finalised on March 13, 2026, while the shares are tentatively scheduled to be listed on March 17, 2026.

The price band for the Innovision IPO has been fixed between ₹521 and ₹548 per equity share, and at the upper price band the company is expected to achieve a market capitalisation of around ₹1,290.72 crore.

About Innovision Limited

Innovision Limited operates in the business services sector, providing manpower services, toll operations, and skill development training across India.

The company started its journey in 2007, initially focusing on private security services. Over time, it expanded its operations and diversified into several service segments.

Today, the company provides services in three key areas:

• Manpower services

• Toll plaza management

• Skill development and training

Through these operations, the company aims to support organisations and government programs by providing trained manpower and operational support services.

Manpower Services

One of the company’s major business segments is manpower services, which includes providing trained staff to organisations across various industries.

These services include:

• Manned security services

• Integrated facility management (IFM)

• Payroll management services

Manned security services involve deploying trained personnel for security and surveillance at offices, commercial establishments, and public facilities.

Integrated facility management includes managing services such as housekeeping, maintenance, and operational support for large facilities.

Payroll management services help companies handle salary processing and employee administration, allowing businesses to focus on core operations.

Toll Plaza Management Operations

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

In this segment, the company manages user fee collection at toll plazas, ensuring smooth operations and compliance with regulatory guidelines.

Toll operations typically involve:

• Managing toll booth staff

• Monitoring vehicle traffic

• Collecting and processing toll payments

• Ensuring operational efficiency

Such services support infrastructure operators and government agencies managing highway networks.

Skill Development Training

Another important business vertical for Innovision is skill development and training programs.

The company runs training initiatives under various government schemes aimed at improving employability among youth.

These programs focus on providing vocational skills and job-oriented training, helping participants gain employment in different sectors.

Skill development initiatives are considered an important part of India’s broader efforts to enhance workforce productivity and support economic growth.

Innovision IPO Size and Structure

The Innovision IPO is a Book Built Issue with a total issue size of ₹322.84 crore.

The issue consists of both fresh shares issued by the company and an Offer for Sale (OFS) by existing shareholders.

IPO Structure

• Total Issue Size: ₹322.84 crore

• Fresh Issue: 0.47 crore shares worth ₹255.00 crore

• Offer for Sale (OFS): 0.12 crore shares worth ₹67.84 crore

The fresh issue component will bring new capital into the company, which may be used for business expansion, operational needs, or other corporate purposes.

The Offer for Sale portion allows existing shareholders to sell a portion of their holdings to the public.

Innovision IPO Important Dates

Investors planning to participate in the IPO should take note of the following schedule:

• IPO Opening Date: March 10, 2026

• IPO Closing Date: March 12, 2026

• Allotment Date (Tentative): March 13, 2026

• Listing Date (Tentative): March 17, 2026

• Listing Exchange: NSE and BSE

These timelines may change depending on regulatory processes.

Innovision IPO Price Band and Market Capitalisation

The price band for the Innovision IPO has been fixed at ₹521 to ₹548 per share.

At the upper price band of ₹548 per share, the company’s estimated market capitalisation will be around ₹1,290.72 crore.

Market capitalisation indicates the total value of the company based on its share price and outstanding shares, helping investors assess the company’s size and market position.

Innovision IPO Lot Size

The minimum lot size for the IPO is 27 shares.

Investors must apply for shares in multiples of the lot size.

Minimum Investment

Retail Investors

• Minimum application: 1 lot (27 shares)

• Minimum investment: ₹14,796

High Net-Worth Individuals (HNIs)

• Minimum application: 14 lots (378 shares)

• Minimum investment: ₹2,07,144

Compared to SME IPOs, the minimum investment amount for retail investors in this IPO is relatively lower, making it accessible to a wider range of investors.

IPO Lead Manager and Registrar

The IPO is being managed by experienced financial intermediaries responsible for overseeing the public issue process.

• Book Running Lead Manager: EMKAY Global Financial Services Limited

• Registrar to the Issue: KFIN Technologies Limited

The lead manager coordinates the IPO process, while the registrar handles application processing, share allotment and investor records.

Innovision IPO Grey Market Premium (GMP)

According to the latest available information, the Grey Market Premium (GMP) for Innovision IPO is currently around ₹0.

This indicates that the shares are not trading at any significant premium in the grey market at the moment.

Important Note on GMP

Investors should remember that:

• Grey market trading is unofficial and unregulated.

• The GMP is based on informal demand and supply conditions.

• It does not guarantee the actual listing price.

Therefore, GMP should be considered only for informational and educational purposes.

Business Opportunities in the Service Sector

Innovision operates in sectors that are closely linked to India’s infrastructure growth and workforce development.

Demand for manpower services and facility management has been rising as companies increasingly outsource operational tasks.

Similarly, toll management services are linked to the expansion of India’s highway infrastructure network.

Skill development programs are also gaining importance as the government focuses on improving employability and vocational training.

Factors Investors Should Consider

Before investing in the IPO, investors may consider several factors.

Business Diversification

The company operates across multiple segments such as manpower services, toll management and training programs, which may provide diversified revenue sources.

Infrastructure and Workforce Demand

Growth in infrastructure projects and service outsourcing could potentially create future opportunities for companies in this sector.

Market Risks

Like any investment, IPOs involve market risks, including changes in economic conditions, competition, and operational challenges.

Investors should carefully review the company’s financial performance, business strategy, and risk factors before making an investment decision.

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