{"id":16271,"date":"2026-03-10T11:08:48","date_gmt":"2026-03-10T05:38:48","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=16271"},"modified":"2026-03-10T11:08:48","modified_gmt":"2026-03-10T05:38:48","slug":"innovision-ipo-opens-key-details-investors-shouldnt-miss","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/innovision-ipo-opens-key-details-investors-shouldnt-miss\/","title":{"rendered":"Innovision IPO Opens: Key Details Investors Shouldn\u2019t Miss"},"content":{"rendered":"

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India\u2019s services sector continues to play a crucial role in supporting business operations across industries. Companies providing manpower solutions, facility management services and toll management have seen increasing demand due to the expansion of retail<\/a>, logistics<\/a>, healthcare<\/a> and infrastructure sectors.<\/a><\/p>\n

With businesses increasingly outsourcing non core functions such as security services, payroll management and facility operations, the manpower services industry has witnessed steady growth in recent years. The rising demand for organised workforce management and skill development programs is also contributing to the sector\u2019s expansion.<\/p>\n

Against this backdrop, Innovision Limited<\/strong> is set to open its IPO on March 10, 2026<\/strong>. Here is a detailed insight into Innovision Limited, its IPO, and the industry outlook.<\/p>\n

\n

About Innovision Ltd.<\/h1>\n

Incorporated in 2007<\/strong>, Innovision Limited provides manpower services, toll plaza management and skill development training<\/strong> to clients across India.<\/p>\n

The company operates through three major operational segments<\/strong> under its manpower services division:<\/p>\n

\u2022 Manned private security services
\u2022 Integrated facility management services
\u2022 Manpower sourcing and payroll services<\/p>\n

As of January 15, 2026<\/strong>, Innovision Limited operates across 23 states and 5 union territories in India<\/strong>, supported by a network of 35 offices including corporate and registered offices<\/strong>.<\/p>\n

The company serves more than 180 clients across multiple sectors<\/strong> and provides services at over 1,000 client premises<\/strong>.<\/p>\n

Its client base spans sectors including:<\/p>\n

\u2022 Retail
\u2022 Healthcare
\u2022 Warehousing
\u2022 Logistics
\u2022 Banking and financial services<\/p>\n

Some of the company\u2019s key customers include Max Healthcare Limited, Stellar Value Chain and Sequel Logistics<\/strong>.<\/p>\n

Innovision Limited also conducts physical and classroom training programs for security personnel<\/strong> under the Private Security Agency Regulatory Act at its training centre located in Turkiawas, Rewari, Haryana<\/strong>.<\/p>\n

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Competitive Strengths<\/h1>\n

\u2022 Wide geographical presence across India
\u2022 Diversified manpower services portfolio
\u2022 Established operational systems enabling scalable business growth
\u2022 Experienced management and operational leadership team
\u2022 Strong recruitment capabilities and labour regulation expertise<\/p>\n

\n

Innovision Ltd. IPO Details<\/h1>\n

Innovision IPO is a book building issue of \u20b9322.84 crore<\/strong>.<\/p>\n

The issue consists of a combination of fresh issue and offer for sale.<\/p>\n

\u2022 Fresh Issue:<\/strong> 46,53,284 shares aggregating to \u20b9255.00 crore
\u2022 Offer for Sale:<\/strong> 12,38,000 shares aggregating to \u20b967.84 crore<\/p>\n

The IPO price band is \u20b9521 to \u20b9548 per share<\/strong>.<\/p>\n

The IPO is managed by Emkay Global Financial Services Ltd.<\/strong> as the book running lead manager while Kfin Technologies Ltd.<\/strong> is the registrar to the issue.<\/p>\n

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Important IPO Timeline<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Event<\/th>\nDate<\/th>\n<\/tr>\n<\/thead>\n
IPO Open Date<\/td>\nMarch 10, 2026<\/td>\n<\/tr>\n
IPO Close Date<\/td>\nMarch 12, 2026<\/td>\n<\/tr>\n
Allotment Date (Tentative)<\/td>\nMarch 13, 2026<\/td>\n<\/tr>\n
Initiation of Refunds<\/td>\nMarch 16, 2026<\/td>\n<\/tr>\n
Credit of Shares to Demat<\/td>\nMarch 16, 2026<\/td>\n<\/tr>\n
Listing Date (Tentative)<\/td>\nMarch 17, 2026<\/td>\n<\/tr>\n
Cut off time for UPI mandate confirmation<\/td>\n5 PM on March 12, 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
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Key IPO Details<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Particular<\/th>\nDetails<\/th>\n<\/tr>\n<\/thead>\n
Face Value<\/td>\n\u20b910 per share<\/td>\n<\/tr>\n
Price Band<\/td>\n\u20b9521 to \u20b9548 per share<\/td>\n<\/tr>\n
Lot Size<\/td>\n27 Shares<\/td>\n<\/tr>\n
Total Issue Size<\/td>\n58,91,284 shares (\u20b9322.84 Cr)<\/td>\n<\/tr>\n
Fresh Issue<\/td>\n46,53,284 shares<\/td>\n<\/tr>\n
Offer for Sale<\/td>\n12,38,000 shares<\/td>\n<\/tr>\n
Issue Type<\/td>\nBookbuilding IPO<\/td>\n<\/tr>\n
Listing At<\/td>\nBSE, NSE<\/td>\n<\/tr>\n
Market Cap (Pre IPO)<\/td>\n\u20b91,290.72 Cr<\/td>\n<\/tr>\n
Shareholding Pre Issue<\/td>\n1,89,00,000 shares<\/td>\n<\/tr>\n
Shareholding Post Issue<\/td>\n2,35,53,284 shares<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n

Lot Size of Innovision Ltd. IPO<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n
Application<\/th>\nLots<\/th>\nShares<\/th>\nAmount<\/th>\n<\/tr>\n<\/thead>\n
Retail (Min)<\/td>\n1<\/td>\n27<\/td>\n\u20b914,796<\/td>\n<\/tr>\n
Retail (Max)<\/td>\n13<\/td>\n351<\/td>\n\u20b91,92,348<\/td>\n<\/tr>\n
S-HNI (Min)<\/td>\n14<\/td>\n378<\/td>\n\u20b92,07,144<\/td>\n<\/tr>\n
S-HNI (Max)<\/td>\n67<\/td>\n1,809<\/td>\n\u20b99,91,332<\/td>\n<\/tr>\n
B-HNI (Min)<\/td>\n68<\/td>\n1,836<\/td>\n\u20b910,06,128<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Investors can bid for a minimum of 27 shares and in multiples thereof<\/strong>.<\/p>\n

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Innovision Ltd. Financials<\/h1>\n

The Innovision IPO has a pre issue market capitalisation of \u20b91,290.72 crore<\/strong>.<\/p>\n

The company has demonstrated strong growth in revenue and profitability during the reported periods supported by expansion in manpower services and toll management operations.<\/p>\n

Key Company Financials<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Period Ended<\/th>\n30 Sep 2025<\/th>\n31 Mar 2025<\/th>\n31 Mar 2024<\/th>\n31 Mar 2023<\/th>\n<\/tr>\n<\/thead>\n
Assets<\/td>\n\u20b9271.66<\/td>\n\u20b9220.30<\/td>\n\u20b9157.05<\/td>\n\u20b9108.17<\/td>\n<\/tr>\n
Total Income<\/td>\n\u20b9483.10<\/td>\n\u20b9895.95<\/td>\n\u20b9512.13<\/td>\n\u20b9257.62<\/td>\n<\/tr>\n
Profit After Tax<\/td>\n\u20b920.00<\/td>\n\u20b929.02<\/td>\n\u20b910.27<\/td>\n\u20b98.88<\/td>\n<\/tr>\n
EBITDA<\/td>\n\u20b930.42<\/td>\n\u20b951.75<\/td>\n\u20b919.66<\/td>\n\u20b916.36<\/td>\n<\/tr>\n
Net Worth<\/td>\n\u20b9102.33<\/td>\n\u20b981.88<\/td>\n\u20b952.35<\/td>\n\u20b940.26<\/td>\n<\/tr>\n
Reserves and Surplus<\/td>\n\u20b983.43<\/td>\n\u20b962.98<\/td>\n\u20b933.45<\/td>\n\u20b938.91<\/td>\n<\/tr>\n
Total Borrowing<\/td>\n\u20b9112.39<\/td>\n\u20b979.05<\/td>\n\u20b948.15<\/td>\n\u20b933.34<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Amount in \u20b9 Crore<\/strong><\/p>\n

\n

Key Performance Indicators (KPI)<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
KPI<\/th>\nSep 30 2025<\/th>\nMar 31 2025<\/th>\n<\/tr>\n<\/thead>\n
ROE<\/td>\n19.55%<\/td>\n35.45%<\/td>\n<\/tr>\n
ROCE<\/td>\n18.19%<\/td>\n40.77%<\/td>\n<\/tr>\n
Debt to Equity<\/td>\n1.10<\/td>\n0.97<\/td>\n<\/tr>\n
RoNW<\/td>\n19.55%<\/td>\n35.45%<\/td>\n<\/tr>\n
PAT Margin<\/td>\n4.17%<\/td>\n3.25%<\/td>\n<\/tr>\n
EBITDA Margin<\/td>\n6.34%<\/td>\n5.79%<\/td>\n<\/tr>\n
Price to Book Value<\/td>\n\u2014<\/td>\n12.65<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
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Innovision Ltd.: Industry Outlook<\/h1>\n

\u2022 Increasing demand for organised manpower services across industries such as logistics, healthcare and retail.<\/p>\n

\u2022 Rising outsourcing trends among companies for security services, facility management and workforce management.<\/p>\n

\u2022 Growth in infrastructure development and toll road projects supporting toll plaza management services.<\/p>\n

\u2022 Expansion of warehousing and logistics infrastructure increasing demand for workforce management services.<\/p>\n

\u2022 Skill development initiatives and regulatory compliance requirements supporting professional training services.<\/p>\n

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Conclusion<\/h1>\n

Innovision Limited operates in the manpower services and toll management sector with a diversified service portfolio catering to clients across multiple industries. The company benefits from its wide geographical presence, strong client relationships and scalable operational systems.<\/p>\n

While the company has demonstrated growth in revenue and profitability, investors should consider factors such as industry competition, labour cost dynamics and pricing of the issue before making investment decisions.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n

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