Innovision IPO Details
The Innovision IPO is poised to raise ₹323 crore, with a price band set between ₹521 and ₹548 per share. The bidding for this IPO will open on March 10 and close on March 12, 2026. The lot size for investors is 27 shares, making it accessible for a range of investors.
Of the total amount being raised, ₹68 crore is reserved for the Offer for Sale (OFS). The expected allotment date for shares is March 13, 2026, followed by the anticipated listing date on March 17, 2026. KFin Technologies has been appointed as the registrar for the Innovision IPO.
Market Sentiment and GMP
Currently, shares are trading at a grey market premium (GMP) of ₹0, indicating a neutral sentiment among investors. Analysts have varied opinions on the IPO’s valuation. Swastika Investmart noted that Innovision’s Return on Net Worth (RoNW) of 35.45% is significantly higher than its peers, which could justify a premium pricing strategy.
However, Avinash Gorakshkar from the market has expressed concerns, stating, “The issue looks highly priced as its PE stands around 45 at the end of FY25.” This sentiment is echoed by SBI Securities, which remarked that the IPO valuations appear to be premium.
Innovision Ltd specializes in providing manpower services, toll plaza management, and skill development training across India. The company has shown robust growth over the past two years, driven largely by its expansion in toll plaza management and manpower services, according to Ventura Securities.
As the IPO date approaches, market observers are keenly watching how the bidding unfolds and whether the company’s growth trajectory will attract sufficient investor interest. Details remain unconfirmed regarding the final subscription numbers and market reactions as the opening date nears.
