About Innovatiview India IPO
Innovatiview India IPO Details
Innovatiview India IPO is a 100% book-built issue consisting of ₹2,000 crore, entirely an offer for sale (OFS) shares, with a face value of ₹5 per share. The company filed its DRHP with SEBI on Feb 13, 2025.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager (BRLM) of this issue is DAM Capital Advisors Ltd., ICICI Securities Ltd., JM Financial Ltd., Motilal Oswal Investment Advisors Ltd. and Shannon Advisors Pvt. Ltd., while the registrar to the issue is MUFG Intime India Pvt. Ltd.
Innovatiview India IPO Date & Timeline
Innovatiview India Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on Feb 13, 2025. However, the specific Innovatiview India IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Innovatiview India IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Innovatiview India IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 5 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Offer For Sale |
| Total Issue Size | [.] shares (agg. up to ₹ 2,000 Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | Equity Shares of face value of ₹5 each aggregating up to ₹ 2,000 Cr |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 49,23,54,500 |
| Share Holding Post Issue | - |
Innovatiview India IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Innovatiview India IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Innovatiview India Ltd. was incorporated as a private firm on October 4, 2017, in New Delhi and then in July 2024, Innovatiew converted from a private company into a public limited company. The primary corporate and operational headquarters is located in Noida, Uttar Pradesh.
Within these working years, the company has positioned itself as the largest player in examination-integrated security solutions in India. At the end of September 30, 2024, they served over 72 clients through its diversified security and surveillance solutions and secured over 1,409 examinations across India.
Operations & Product Range
The operation of Innovatiview India Ltd. is entirely based on technology-enabled security and surveillance services. The main business process revolves around protecting the sanctity of important functions, mostly large-scale competitive exams and national election processes. The product line includes biometric identity verification technologies, strict frisking processes, CCTV surveillance technology installations, GPS locks, mobile jammers, VoIP services and live web casting technology. With the combination of physical staff for frisking and IT technology, the company offers complete security solutions.
Facilities & Capacity
The facility of Innovatiview India Ltd. is to execute large-scale, nationwide projects, from which it has developed a scalable operational infrastructure. The company's capacity is defined by its ability to rapidly mobilize IT equipment and surveillance hardware across various geographical locations. The infrastructure supports the temporary installation of CCTVs, biometric devices and communication silencers at hundreds of examination centres simultaneously. The company has covered approx 386 cities PAN-India and rented products around 64303, as on September 30, 2024.
Brands & Market Presence
Innovatiview India Ltd. has made a remarkable presence in India with its construction projects (govt. + private), as its business depends on the quality results. The firm is placed as a trusted business associate in the segment market of examination and event security; in addition, its market coverage is purely domestic, catering to the big government organisations, educational boards and recruitment agencies in India.
Revenue Streams & Business Model
Innovatiview India Ltd. generates revenue primarily through service contracts related to examination and event security. Revenue sources include hiring charges for IT equipment, installation and monitoring of CCTV networks, biometric authentication services and deployment of manpower for physical frisking. The company has reported revenue from operations at ₹638.05 crore and PAT at ₹196.71 crore.
The business model followed by Innovatiview India Ltd. relies on winning institutional contracts, with profitability driven by efficient deployment of technological assets. Their business model enables them in cost efficiency and financial management, as the company has maintained a growing track record while executing large scale projects.
Management & Shareholding
The promoters of Innovatiview India Ltd. are Ashish Mittal, Ankit Agarwal, Vishal Mittal and Abhishek Agarwal. Before the IPO, the promoters held 80.70% stake and the promoter group held 19.30% stake in the company, but after the IPO, the promoters' shareholding will be diluted as the offering includes OFS of ₹2,000 crore by existing shareholders.
Board & Key Management
The leadership of Innovatiview India Ltd. is led by a team of experts with many years of experience. Ankit Agarwal serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by the Managing Director, along with Whole-Time Directors Ashish Mittal, Abhishek Agarwal and Vishal Mittal. To ensure good governance, the board includes Independent Directors Bina Prasad, Gaurav Garg, Manish Gupta and Manoj Kumar Bansal for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Innovatiview India IPO Financial Information
Latest Revenue
493.08
₹ Crore
Profit After Tax
131.01
₹ Crore
Net Worth
500.64
₹ Crore
Total Borrowing
217.07
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 925.28 | 493.08 | 131.01 | 500.64 | — | 217.07 | |||
| 31 Mar 2024 | 655.02 | 646.95 | 196.72 | 369.79 | — | 95.03 | |||
| 31 Mar 2023 | 367.29 | 382.65 | 114.56 | 172.00 | — | 96.95 | |||
| 31 Mar 2022 | 212.85 | 238.76 | 56.18 | 62.01 | — | 66.78 | |||
| Amount in ₹ Crore | |||||||||
Innovatiview India Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 52.82% |
| ROCE | 58.94% |
| Debt/Equity | 0.24x |
| RoNW | 53.20% |
| PAT Margin | 30.41% |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.98 (basic/diluted) | - |
| P/E (x) | - | - |
Innovatiview India IPO Objectives
As this offering is an offer for sale (OFS), no proceeds will be handed to the company for operations, but will be distributed to the selling shareholders. The main objectives of the company from this listing are:
- • Provide a smooth exit to the existing shareholders
- • To achieve the benefits of listing the equity shares on the stock exchanges
- • To establish a public market for the company's equity shares in India
Innovatiview India IPO Review
The Innovatiview India Ltd. is a highly specialised B2B service sector, which holds a distinct position within the niche industry of examination and event security. As authorities prioritize transparency in testing and elections, the demand for biometric tracking, live webcasting and secure communication channels provides a strong tailwind.
Financially, the company has shown a growing and healthy financial statement, as for FY24, the revenue from operations was reported at ₹638.05 crore and PAT was at ₹196.71 crore. But, over 70% of the total income was generated via the top 10 customers of the company, which might raise a risk for investors.
However, investors must note potential risks, such as high dependency on government contracts and the cyclical nature of examination seasons. Overall, the percentage of positive listing results will depend on the final valuation and the company's ability to secure prominent institutional contracts.
Conclusion
Innovatiview India IPO is an opportunity for investors to invest in a growing company that offers capital market participants an avenue into the specialized surveillance and security services sector. Innovatiview has made a strong execution focus, translating the need for examination integrity into substantial financial growth. While the industry opportunity is supported by modernisation in public administrative processes, the company must maintain its technological edge.
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Competitive Strengths
Largest player in terms of revenue in FY24
Comprehensive, integrated security and surveillance service capabilities customised for critical, high-stakes events
Strong operational performance driven by scalable IT infrastructure and efficient deployment of technological assets
Pan-India operations backed by a business model catering to scale
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 14/08/2025 | - |
| 2 | Filed with SEBI/Exchange | 17/02/2025 | View DRHP |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | — | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | — | Up to ₹200,000 |
| S-HNI (Min) | 14-15 | — | Over ₹200,000 |
| S-HNI (Max) | 66-70 | — | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | — | Over ₹10,00,000 |