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Innovision IPO

Innovision IPO

upcoming
₹14,067Min. investment
  1. Pre-apply
    TBA
  2. Bid start
    10 Mar
  3. Bid end
    12 Mar
  4. Allotment
    13 Mar
  5. Release of funds
    16 Mar
  6. Demat transfer
    16 Mar
  7. Listing
    17 Mar

Innovision Limited IPO Details

Price range₹521 – ₹548
IPO type
Regular
Lot size27 shares
Issue size₹323Cr
Red Herring Prospectus
Read

Innovision Limited IPO Overview

Innovision IPO date

Innovision Limited IPO will open for subscription on March 10, 2026, and the closing date for the IPO is March 12, 2026. After this, investors are expected to be updated about the allotment status on March 13, 2026.

Investors who have been allotted shares can expect them to be credited to their demat account on March 16, 2026. The shares will be listed on the NSE and the BSE on Tuesday, March 17, 2026.

Innovision IPO price band

The IPO includes a fresh issue and offer for sale. The IPO price band has been set between ₹521 to ₹548 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹255 crore and offer for sale of ₹68 crore. Innovision IPO listing price will be determined on March 17, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.

Innovision IPO lot size

Innovision IPO details have been declared. The minimum lot size for an application is 27 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹323 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives

Working capital requirement
46.60%
General corporate purposes
33.30%
Repayment of borrowing
20.00%

Strength and Weakness

Massive nationwide scale and local reach

Innovision has its presence in 23 states and 5 UTs which gives the company a competitive edge over its peers. As of early 2026, the company has a massive workforce of over 14,000 employees.

Shift into high-margin businesses

The company has changed its focus to high-margin businesses such as Toll Plaza Management which now contributes 56.14% of the total revenue. Additionally, in 2025, the company’s skill development business has already trained over 54,000 people giving them a title of "talent factory" to feed their other businesses.

Deep ties with Government infrastructure

The company has a very "sticky" relationship with the Indian government, which contributes 82.54% of the revenue. Being an empanelled partner of the NHAI (National Highways Authority of India) is a huge victory in itself. The company has won 50% of the tenders that it has bid on as of mid-January 2026. In a world where it's notoriously hard to win government bids, it seems that Innovision has cracked the code to the "secret sauce."

Dominance in skill development space

The company is having a huge impact in the government's push to develop the skills in India. The company has achieved over 24 lakhs training hours in 2025. The company has over 100 training centers, working directly with sector skill councils in areas such as logistics, banking, and retail, where the demand is the greatest. As 100% of this revenue is derived from the government's "top-tier" clients, it is a very stable source of income that is not tied to the volatility of the private sector.

About Innovision Limited

Innovision IPO will open for subscription on March 10. The company is a manpower and infrastructure support services provider with operations across India. The company began its operations in the year 2007 with manned private security services. Over time, the company has expanded its operations with the provision of integrated facility management services, manpower sourcing services, toll plaza management services, skill development training services, etc.
At present, the company has operations in 23 states and 5 union territories of India, serving over 180 clients at more than 1,000 client premises as of January 15, 2026. The company offers services to different sectors, including the healthcare industry, the retail industry, the logistics industry, the warehousing industry, the BFSI industry, government departments, etc.
The company primarily derives revenue from three segments of operations: Manpower service, toll plaza management, and skill development training. In FY25, the revenue derived from Toll Plaza Management was 56.14%, followed by Manpower Services at 41.38%, and Skill Development Training at 2.46%. The company's manpower services segment has three sub-segments: manned private security services, IFM services, and Manpower sourcing & payroll services to industries such as health care, warehousing, logistics, government departments, retail, BFSI, etc. Some of the prominent clients of the company are Max Healthcare Limited, Stellar Value Chain, Sequel Logistics, etc.
In terms of the operational scale of the organisation, Innovision has developed substantial manpower and training skills. The organisation currently employs over 14,000 people across India, with more than 6,900 of these individuals serving as security guards for the organisation's private security services division. Additionally, the organisation has a PSARA-certified training centre for security personnel in Rewari, Haryana, covering an area of ~3,000 sq. yards. Moreover, the organisation has developed over 50 skill development centres, 9 toll plazas for user fee collection, and has executed 60 toll plaza projects, including 24 existing ones. The toll plaza operations involve technology-based user fee collection through RFID-based electronic toll collection systems.
Innovision operates in industries that have structural growth. The Indian private security services industry has been growing with a CAGR of 12.6%, and the industry has grown from an ₹54,700 crore market size in CY19 to an ₹98,800 crore market size in CY24, and it is estimated to grow to an ₹1,71,600 crore market size in CY29. This has been possible due to the increase in infrastructure development, the increase in corporate and retail businesses and the low police-population ratio, which has led to an increase in the demand for private security services. The Integrated Facility Management (IFM) services industry is estimated to grow to an ₹2,28,600 crore market size in CY29, and this has been possible due to the increase in commercial real estate development, the increase in urbanisation and the increase in outsourcing of facility management services by businesses. This has created a potential for a company like Innovision, which offers integrated services.
The company is also planning to expand internationally with the help of its subsidiaries such as Innovision International Private Limited and Innovision HR Consultancy LLC located in Dubai, which provides recruitment and placement services for overseas employment. It has also obtained registration under the Emigration Act, 1983, which enables it to recruit Indian workers for overseas employment. In addition to that, it also aims to expand its business by bidding for other toll plaza projects and leveraging the government’s investments in infrastructural development such as highway development and road development. It also aims to enter the technology-based security services segment by implementing ERP-based systems to automate business processes such as the payment of salaries, attendance, invoicing, etc. Furthermore, the organization is also planning to explore the business of drone pilot training and manufacturing through its subsidiary company, Aerodrone Robotics, as drones have bright prospects in India.
Now, Innovision Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹255 crore and an offer for sale of ₹68 crore. The total issue size of the IPO is ₹323 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for the Innovision IPO?

You can pre-apply for the Innovision IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Innovision IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for the Innovision IPO?

If you are interested in this investment opportunity but unsure how to apply for the Innovision IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Innovision IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Innovision IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

**How to check Innovision IPO Allotment Status? **

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Innovision IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your Innovision IPO allotment status will be mentioned

Frequently asked questions

How to invest in the Innovision IPO ?

Investors can apply for the Innovision IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Innovision IPO ?

The issue size of the Innovision IPO is 323 Cr.

What is 'pre-apply' for Innovision IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Innovision IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Opens on 10 Mar 2026