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Innovision IPO Review

Innovision IPO has been reviewed by 11 analysts, and the overall consensus is Avoid — carrying a score of 24. Out of the 11 analysts who have covered this IPO, 3 recommend subscribing while 8 advise caution or avoidance — reflecting a cautious view from the analyst community.

The issue is priced in the band of ₹521-548 per share, with a minimum application size of 27 shares (minimum investment of approximately ₹14,796 at the upper band). Subscription ran from 10 Mar 2026 to 17 Mar 2026. The issue size is ₹255 crore. As of now, the grey market premium (GMP) for Innovision IPO is quoting at ₹-95 (-17%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
24/ 100
Avoid 3 of 11 recommend subscribing
How analysts voted
Apply 3
Avoid 8
Not rated 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Innovision provides integrated facility management and business support services. Revenue rose sharply from ₹512.13 crore in FY24 to ₹895.95 crore in FY25, with ₹483.10 crore in the half year to September 2025. Coverage was strongly negative: eight of the twelve analysts said avoid and only three said subscribe.

Listing gains

Valuation drove the negative view. The notes price the issue between about 31 and 42 times earnings depending on the basis, with a market cap near ₹1,236 crore. Analysts describe it as expensive against peers and as pricing in significant future growth already. Listing gains looked difficult on their reading.

Short-term strategy

Margins are thin for the revenue scale, with EBITDA of only ₹51.75 crore on ₹895.95 crore of FY25 revenue, and ₹30.42 crore in the September half year. Facility management is a low-margin, people-intensive business. Fresh money repays borrowings, which helps, but does not change the margin profile.

Long-term strategy

The few positive notes take a long-term view on the shift towards organised facility management and the company's revenue growth. The majority counter that a low-margin services business does not merit a multiple in the thirties, and that the price already assumes years of successful scaling.

How this is written: an AI-assisted summary of the 12 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Innovision IPO?

The analyst consensus for Innovision IPO tracked on this page is Avoid, with a score of 24/100. Out of 11 analysts who have reviewed this IPO, 3 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 24 mean for Innovision IPO?

The score of 24 is an aggregate of all analyst ratings tracked for Innovision IPO. A score in this range signals that most analysts are advising caution or outright avoidance. Read the individual analyst verdicts above for more context.

What was the actual listing price of Innovision IPO?

Innovision IPO listed on March 23, 2026 at ₹467.70, against the issue price of ₹548 — a loss of -14.65% (₹80.3 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Innovision IPO?

Innovision IPO was priced at ₹521-548 per share. The minimum lot size is 27 shares, making the minimum investment approximately ₹14,796 at the upper end of the price band. Subscription ran from 10 Mar 2026 to 17 Mar 2026.

Explore Innovision IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Innovision IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Avoid
Score
24 / 100
Listed at
₹467.70
Full IPO details