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Home / IPO / Innovision
LISTEDSME

Innovision IPO

Open 10th Mar 2026 · Close 17th Mar 2026 · Listing 23rd Mar 2026

Price Band₹494.00–₹519.00
Live GMPNO GMP
Subscription3.46×
Issue Size₹319.25 Cr

At a glance

Updated 2026-09-09

Innovision is a Mainboard IPO with an issue size of ₹319.25 crore, proposed for listing on BSE, NSE. The offer opens on 10th Mar 2026 and closes on 17th Mar 2026. The issue structure includes a fresh issue of ₹255.00 crore and an offer-for-sale component of ₹64.25 crore. The current listing schedule points to 23rd Mar 2026.

Issue details

Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹319.25 Cr
Fresh issue₹255.00 Cr
Offer for sale₹64.25 Cr
Face value₹10
Price band₹494.00–₹519.00
Allotment18th Mar 2026
Listing23rd Mar 2026

Grey market

GMP page ↗
Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listing₹427.00
GMP is unofficial sentiment data, not an exchange price.

Timeline

Opens10th Mar 2026
Closes17th Mar 2026
Allotment18th Mar 2026
Refund20th Mar 2026
Demat20th Mar 2026
Listing23rd Mar 2026

Subscription demand

Full bidding ↗
QIB14.30×
sHNI5.22×
bHNI10.29×
NII / HNI10.29×
Retail0.60×
Total3.46×

Lot size

InvestorLotsSharesAmount
Minimum Bid127₹14,013

Company

Incorporated2007

Use of proceeds

ObjectAmount
Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company₹51.00 Cr
Funding working capital requirements of the Company₹119.00 Cr
General Corporate Purposes₹39.80 Cr
Issue Expenses₹56.57 Cr
Total₹266.37 Cr

Financial performance

Year-wise operating scale, profitability and balance-sheet context.
Full financials ↗
Revenue483.10₹ Cr · -46.1% vs prior year
EBITDA30.42₹ Cr · -41.2% vs prior year
PAT20.00₹ Cr · -31.1% vs prior year
Assets271.66₹ Cr · +23.3% vs prior year
Net Worth102.33₹ Cr · +25.0% vs prior year
Borrowing112.39₹ Cr · +42.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore
Year comparisonCompare scale and profitability at a glance
₹ crore

31 Mar 2023

Assets108.17
Total Income257.62
EBITDA16.36
Profit After Tax8.88
NET Worth40.26
Reserves and Surplus38.91
Total Borrowing33.34

31 Mar 2024

Assets157.05
Total Income512.13
EBITDA19.66
Profit After Tax10.27
NET Worth52.35
Reserves and Surplus33.45
Total Borrowing48.15

31 Mar 2025

Assets220.30
Total Income895.95
EBITDA51.75
Profit After Tax29.02
NET Worth81.88
Reserves and Surplus62.98
Total Borrowing79.05

30 Sep 2025

Assets271.66
Total Income483.10
EBITDA30.42
Profit After Tax20.00
NET Worth102.33
Reserves and Surplus83.43
Total Borrowing112.39

KPIs

KPIMar 31, 2025Sep 30, 2025
ROE35.45%19.55%
ROCE40.77%18.19%
Debt / Equity0.97%1.10%
RoNW35.45%19.55%
PAT Margin3.25%4.17%
EBITDA Margin5.79%6.34%
Price to Book Value11.98

Valuation & shareholding

Pre-IPO EPS15.36
Post-IPO EPS16.80
Pre-IPO P/E33.8
Post-IPO P/E30.89
Promoter holding pre100%
Promoter holding post74.17%
Market cap₹1235.91 Cr.

Peer comparison

CompanyEPSP/ERoNWNAV
Innovision IPO—32.26 x——
Security and IPO—65.00 x——
Quess Corp IPO—45.00 x——
TeamLease Services IPO—60.00 x——

Issue expenses

ExpenseAmount
Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company₹51.00 Cr
Funding working capital requirements of the Company₹119.00 Cr
General Corporate Purposes₹39.80 Cr
Issue Expenses₹56.57 Cr
Total₹266.37 Cr

Registrar & lead managers

Registrar

Kfin Technologies Ltd.

Lead managers

  • Emkay Global Financial Services...

Offer documents

Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
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