Innovision IPO Opens 10 March; Check Price Band And Key Details

Innovision Ltd., which provides manpower and toll plaza management services, is set to open its initial public offering (IPO) for subscription on 10 March 2026. The issue will remain open for three days and close on 12 March.

The company’s shares are expected to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 17 March, subject to completion of the allotment process.

The public issue includes both a fresh issue of shares and an offer for sale by promoter shareholders.

Below are the main details of the upcoming Innovision IPO.

The IPO consists of two components: an offer for sale by current promoters and a fresh issue of shares. Promoters intend to sell around 12.38 lakh shares under the offer-for-sale section; at the higher end of the price range, these shares are worth about ₹68 crore.

The fresh issue is expected to raise around ₹255 crore for the company. In total, the IPO size is estimated at about ₹323 crore.

Funds raised through the fresh issue will go to the company, while the money from the offer-for-sale will be received by the selling promoters after deducting related expenses and taxes.

What Does Innovision Ltd Do?

Innovision Ltd., incorporated in 2007, provides manpower services and toll plaza management across India. The company also runs skill development and training programmes for security personnel.

Its manpower services are divided into three segments:

• Manned private security services

• Integrated facility management services

• Manpower sourcing and payroll management

These services are offered to companies across sectors such as retail, healthcare, logistics, warehousing and financial services.

Apart from manpower deployment, the company also manages toll plaza operations. The National Highways Authority of India (NHAI) has authorised the corporation to provide toll collection services.

At the moment, Innovision oversees toll operations in many states, including West Bengal, Uttar Pradesh, Assam, and Uttarakhand.

The company also participates in government skill development initiatives. Training programmes are conducted through a dedicated centre in Rewari, Haryana, where security personnel undergo classroom and physical training.

Through its wholly owned subsidiary, Innovision International Pvt Ltd, the firm also offers recruitment, placement consulting and visa facilitation services.

Its business model focuses on providing workforce solutions and operational services to organisations that require large-scale manpower deployment.

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Funds from the fresh issue are expected to strengthen the company’s balance sheet and support day-to-day operational requirements.

In labour-intensive businesses such as manpower services and facility management, working capital plays a critical role because companies must meet payroll obligations while payments from clients are received later.

Market participants will closely watch subscription levels during the three-day bidding window.

Sources:

Business Standard

ET

Chittorgarh

SEBI RHP