Innovision IPO Details
Innovision Ltd is preparing to launch its initial public offering (IPO) with a price band set between ₹521 and ₹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 IPO will be open for bidding from March 10 to March 12, 2026, with the expected allotment date for shares on March 13, 2026. Investors can purchase shares in lots of 27.
Market Insights
As of today, shares are trading at a grey market premium (GMP) of ₹0, indicating a cautious sentiment among investors. Swastika Investmart noted that Innovision’s 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, some analysts express concerns regarding the pricing of the IPO. Avinash Gorakshkar remarked, “The issue looks highly priced as its PE stands around 45 at the end of FY25.” SBI Securities also commented that the IPO valuations appear to be premium.
Innovision specializes in 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.
Looking Ahead
The expected listing date for the IPO is March 17, 2026. As the bidding date approaches, market observers will be closely watching how investor sentiment evolves and whether the IPO can attract significant interest despite its current GMP of ₹0. Details remain unconfirmed.
