Innovision Ltd. IPO | Globe Capital Market LTD.
Innovision Ltd. IPO
Closed
Price Band
₹494 to ₹519
IPO Issue Period
10 to 17 Mar, 2026
Issue Size
₹323 Cr
Face value
₹10 per share
Fresh issue
₹255 Cr
Offer for sale
₹68 Cr
Minimum Shares for Retail
27 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue - IPO
Registrar to the Issue
Kfin Technologies Ltd.
Tentative Listing Date
Fri, Mar 20, 2026
QIB
1%
NII
34%
Retail
65%

Emkay Global Financial Services Ltd.

Founded in 2007, Innovision Limited has established itself as a premier provider of manpower and infrastructure management services across India. Operating through an extensive network of 35 offices, the company maintains a physical presence in 23 states and 5 union territories. Its business model is built on three core pillars: private security services, integrated facility management, and manpower sourcing.

The company acts as a vital operational partner for over 180 clients, managing services across 1,000 distinct locations. Its portfolio includes industry leaders in high-growth sectors such as healthcare, logistics, and retail, with notable partnerships including Max Healthcare and Sequel Logistics. Beyond simple staffing, Innovision provides specialized toll plaza management and operates dedicated training centers to ensure its workforce meets rigorous regulatory standards. By combining large-scale recruitment with technical training, Innovision has positioned itself as a scalable solution for India’s expanding corporate and public infrastructure needs.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 895.95 512.13 257.62
Profit After Tax 29.02 10.27 8.88
EPS 15.62 6.29 5.01
EBITDA Margin (%) 5.79 3.85 6.40
PAT Margin (%) 3.25 2.01 3.48

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
Innovision Limited 1290.72* 548 12.65 32.26 895.95 29.02
Krystal Integrated Services Limited 894 640 1.96 15.5 1113 60
Updater Services Ltd 1032 154 0.98 10.7 2736 119
SIS Limited 4111 291 1.62 11.9 13189 12
Quess Corp Limited 2848 191 2.53 12.6 14967 46

*Market cap @upper band

 

  • Wide geographical reach and locations across India.
  • Diverse portfolio of manpower services
  • Established systems and processes leading to a scalable business model
  • Experienced management and operational team
  • Recruitment capability, domain knowledge and knowledge of labor regulations

The Company INNOVISION LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • Repayment or pre-payment, in part or full of all or certain borrowings availed by the company (Rs. 51 Cr.)
  • Funding working capital requirements of the company (Rs. 119 Cr.)
  • General corporate purposes

At the upper band of IPO Rs. 548, the stock is valued at 32.26 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.

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