Innovision IPO

Innovision IPO is a book-building issue of ₹322.84 crore, which includes a fresh issue of 0.47 crore shares worth up to ₹255 crore and an offer for sale of 0.12 crore shares worth up to ₹67.84 crore. The price band for this issue is set between ₹521 and ₹548 per share and the lot size for an application is 27. The minimum amount of investment required by an individual investor (retail investor) is ₹14,796 (27 shares). The shares will open for subscription from March 10 to 12, 2026, on the BSE and the NSE platforms, with a tentative listing date fixed as March 17, 2026.

Company Background

Innovision Ltd. was incorporated in 2007 and provides manpower services, toll plaza management and skill development training in India. This company is ranked among the top 10 security manpower companies in India, as it operates in 23 states and 5 union territories of India. The services provided by more than 180 clients across various sectors and rendered services to over 1,000 client premises.

The company holds multiple ISO certificates that are enough to ensure that they are the best in specializing in providing comprehensive and fully integrated services. Their vision is to create and deliver innovative solution services with their customer-centric approach.

Operations & Product Range

Innovision Ltd., which offers complete solutions for manpower management and facility management services across India, has a wide range of products that include manned private security services, facility management, manpower services, as well as payroll processing, toll plaza management and skill development training programs conducted on behalf of the government of India.

Facilities & Capacity

Innovision Ltd. has a strong operational infrastructure with 35 offices located across 23 states and 5 union territories. It has a formidable operational capacity to serve over 180 corporate clients across 1,000+ premises. Also, they have a separate PSARA-compliant training facility of 3,000 square yards located at Rewari, Haryana, to skillfully train security personnel.

Brands & Market Presence

Innovision Ltd. has established a solid domestic presence as a premier staffing and security organization. Their domestic presence is in key industries such as retail, healthcare, logistics and BFSI. They have been successful in retaining high-profile industry leaders such as Max Healthcare, Stellar Value Chain and Sequel Logistics in their expanding client list.

Revenue Channels

• • Integrated manpower services encompass manned private security, comprehensive facility management and extensive payroll sourcing.
• • Competitive bidding and direct operational contracts with the NHAI for active user fee collection.
• • Income streams by executing government-sponsored training and upskilling programs across various states.

Management and Shareholding

Innovision Ltd. is strategically guided by a highly experienced management team holding decades of specialized domain expertise. Before the IPO, the promoter group retains a complete 100% equity stake in the business, but after this issue, this promoter shareholding will naturally dilute to 74.99%.

Promoter and Shareholding

Innovision Ltd. was promoted by Lt. Col. Randeep Hundal and Mr. Uday Pal Singh. In this issue, the promoters of the company are reducing their holdings by offering the shares through an offer for sale of ₹68 Cr. However, the promoters will retain the majority of the shares in the company after the IPO.

Board & Key Management

The key management group of Innovision Ltd. comprises the Chairman and Managing Director, who is Lt. Col. Randeep Hundal, along with the company's CEO, Mr. Uday Pal Singh. The group is supplemented by the company's Executive Director, Lt. Col. Gurpal Singh, along with independent directors who monitor strict compliance with regulations.