Innovision IPO Details
The Innovision IPO is poised to raise ₹323 crore, with a price band set between ₹521 and ₹548 per share. The offering includes ₹68 crore reserved for an Offer for Sale (OFS) component. Investors can bid for a minimum lot size of 27 shares, making it accessible for a range of investors.
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. Following this, the shares are anticipated to be listed on the stock exchange on March 17, 2026.
Market Insights
Currently, shares are trading at a grey market premium (GMP) of ₹0, indicating a cautious sentiment among investors. Analysts have mixed views on the valuation of the IPO. Swastika Investmart noted that Innovision’s Return on Net Worth (RoNW) of 35.45% is significantly higher than its peers, suggesting efficient capital use and partially justifying the premium.
However, Avinash Gorakshkar from Profitmart 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 demonstrated strong growth over the past two years, driven by its expansion in toll plaza management and manpower services, according to Ventura Securities.
As the IPO approaches, market observers are keenly watching the bidding process and subsequent allotment. The performance of the IPO will be closely monitored to gauge investor interest and market sentiment in the current economic climate. Details remain unconfirmed.
