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 apply in lots of 27 shares each.
Market Insights
Currently, shares are trading at a grey market premium (GMP) of ₹0. This has raised some eyebrows among market analysts, with Swastika Investmart noting that the return on net worth (RoNW) of 35.45% is significantly higher than its peers, which could justify the premium pricing.
However, Avinash Gorakshkar from the market has pointed out that the issue appears highly priced, with a price-to-earnings (PE) ratio around 45 at the end of FY25. This sentiment is echoed by SBI Securities, which stated that the IPO valuations seem 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, according to Ventura Securities.
Looking Ahead
The expected listing date for the IPO is March 17, 2026. As the bidding period approaches, market observers are keen to see how investor sentiment will shape the final outcomes of this IPO. Details remain unconfirmed regarding the final subscription numbers and market reception.
