Innovision IPO Details
Innovision Ltd is set to launch its initial public offering (IPO) from March 10 to March 12, 2026, with a price band ranging from ₹521 to ₹548 per share. The company aims to raise a total of ₹323 crore, which includes ₹68 crore reserved for an Offer for Sale (OFS).
The lot size for the Innovision IPO is 27 shares, making it accessible for a range of investors. The expected allotment date for shares is March 13, 2026, followed by the anticipated listing date on March 17, 2026. KFin Technologies has been appointed as the registrar for the IPO.
Market Performance and Valuation
As of now, shares are trading at a grey market premium (GMP) of ₹0, indicating a cautious sentiment among investors. Analysts have mixed views on the IPO’s valuation. Swastika Investmart noted that the return on net worth (RoNW) of 35.45% is significantly higher than its peers, with the next best at 19%, suggesting efficient capital use.
However, Avinash Gorakshkar from the market has expressed concerns, stating, “The issue looks highly priced as its PE stands around 45 at the end of FY25.” This sentiment is echoed by SBI Securities, which remarked that the IPO valuations appear to be premium.
Innovision specializes in providing manpower services, toll plaza management, and skill development training across India. The company has shown strong growth over the past two years, driven by expansion in its toll plaza management and manpower services businesses, as highlighted by Ventura Securities.
As the IPO approaches, market observers are keenly watching how the offering will be received, given the current grey market conditions and the company’s robust growth trajectory. Details remain unconfirmed regarding the final performance of the IPO in the market.
