| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹319.25 Cr |
| Fresh Issue | ₹255.00 Cr |
| Offer for Sale | ₹64.25 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹494.00-519.00 per share |
| BSE Code | 544732 |
| NSE Code | INNOVISION |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Emkay Global Financial Services... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 27 shares and in multiples thereof
Incorporated in 2007, Innovision Limited provides manpower solutions, toll plaza management services, and skill development training to clients across India. The company has built a wide operational presence through a network of 35 offices, including its registered and corporate offices.
As of September 30, 2024, Innovision Limited operated across 22 states and 3 union territories, serving clients from multiple industries nationwide.
The company’s manpower services business is divided into three key segments:
As of September 30, 2024, the company served more than 200 clients and delivered services at over 1,300 client locations across India.
Its client base includes companies such as Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics.
In addition to its service offerings, Innovision Limited provides physical and classroom-based training to security personnel through its training centre located at Turkiawas, Rewari, Haryana, in accordance with the applicable private security training regulations.
The company is supported by an in-house team of more than 95 professionals along with an extensive database of staffing candidates, enabling it to efficiently serve client manpower requirements across regions.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company | 51.00 |
| 2 | Funding working capital requirements of the Company | 119.00 |
| 3 | General Corporate Purposes | 39.80 |
| 4 | Issue Expenses | 56.57 |
| Total | 266.37 |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 271.66 | 220.30 | 157.05 | 108.17 |
| Total Income | 483.10 | 895.95 | 512.13 | 257.62 |
| Profit After Tax | 20.00 | 29.02 | 10.27 | 8.88 |
| EBITDA | 30.42 | 51.75 | 19.66 | 16.36 |
| NET Worth | 102.33 | 81.88 | 52.35 | 40.26 |
| Reserves and Surplus | 83.43 | 62.98 | 33.45 | 38.91 |
| Total Borrowing | 112.39 | 79.05 | 48.15 | 33.34 |
| Amount in ₹ Crore | ||||
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 19.55% | 35.45% |
| ROCE | 18.19% | 40.77% |
| Debt / Equity | 1.10% | 0.97% |
| RoNW | 19.55% | 35.45% |
| PAT Margin | 4.17% | 3.25% |
| EBITDA Margin | 6.34% | 5.79% |
| Price to Book Value | 11.98 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 15.36 | 16.80 |
| P/E (x) | 33.8 | 30.89 |
| Promoter Holding | 100% | 74.17% |
| Market Cap | ₹1235.91 Cr. | |