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Innovision IPO

Innovision IPO — date, price band, GMP & allotment 2026

The Innovision Limited IPO is scheduled to open from March 6 to March 10, 2026. The company was founded in 2015 and operates in the technology and digital solutions sector, offering IT services, software development, and business process support. Innovision follows a service-based business model, providing customized solutions to enterprises. The company mainly has its presence across major Indian cities such as Mumbai, Bengaluru, and Delhi, serving corporate and government clients.

Stock price

Innovision is listed — here is the live share price.

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The verdict
Avoid
26 / 100 · 11 reviews
Read the reviews →
Grey market premium
₹-95
-17% over ₹548 issue price
GMP history →
Subscribed
3.47×
Overall, across all categories
Fully subscribed Live subscription →
Minimum to apply
₹14,796
1 lot · 27 shares at ₹548
Size my application →
Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 11 September.

Key dates Listed
  1. Open 10 Mar 2026
  2. Close 17 Mar 2026
  3. Allotment 18 Mar 2026
  4. Refund/credit 19 Mar 2026
  5. Listing 23 Mar 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 10 to 17 Mar, 2026
Price Band ₹521 – ₹548
Face Value ₹10
Lot Size 27 Shares
Issue Size ₹255 Cr
Sale Type book build
Listing On BSE, NSE
Registrar KFin Technologies Limited
Min Investment ₹ 14,796
Reservation
QIB 1%
NII 34%
Retail 65%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 27 shares at the ₹548 cut-off. Drag to size your application.

shares
1 lot lots
If it lists at today's grey market premium of ₹-95
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 1 27 ₹14,796
Retail (max) 13 351 ₹1,92,348
S-HNI (min) 14 378 ₹2,07,144
S-HNI (max) 67 1,809 ₹9,91,332
B-HNI (min) 68 1,836 ₹10,06,128

Three years of numbers

All figures in ₹ crore, as reported in the Innovision offer document.

Total income
483.10
512
896
483
31 Mar 2024 31 Mar 2025 30 Sep 2025
Profit after tax
20.00
10
29
20
31 Mar 2024 31 Mar 2025 30 Sep 2025
EBITDA
30.42
20
52
30
31 Mar 2024 31 Mar 2025 30 Sep 2025
Metric 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue 483.10 895.95 512.13
EBITDA 30.42 51.75 19.66
Net Profit 20.00 29.02 10.27
Debt 112.39 79.05 48.15
Assets 271.66 220.30 157.05

See how this IPO compares — view listing performance of all mainboard IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Innovision RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
35.69
EPS (₹)
15.36
RoCE
18.19
RoNW
19.55
PAT Margin
4.17

Innovision IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹15.36
P/E Ratio (x) 35.69
Market Cap at Offer Price (₹ Cr) ₹713.54

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹548 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹170.00 Cr of the issue is earmarked to named objects.

Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company ₹51.00 Cr
Funding working capital requirements of the Company ₹119.00 Cr
General Corporate Purposes Not stated

About the company

Innovision Limited was established with the aim of providing technology-driven solutions across industrial and commercial segments. Since its inception, the company has steadily built its presence by focusing on innovation, quality and customer-centric offerings. Over the years, it has expanded its operations by adopting modern technologies and strengthening its execution capabilities. The company is promoted by experienced professionals who bring industry knowledge and strategic vision, helping Innovision develop a strong foothold in its operating segments and build long-term client relationships.

The company offers a range of products and services which may include engineering solutions, system integration and customised project execution depending on client requirements. Its business model is primarily based on delivering end-to-end solutions, from design and development to implementation and maintenance. Innovision caters to both institutional and industrial clients, ensuring consistent revenue through repeat orders and long-term contracts. By focusing on operational efficiency, quality standards and scalable solutions, the company aims to achieve sustainable growth and expand its market presence.

Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.

Promoters
Randeep Hundal, Uday Pal Singh
Promoter holding
1,89,00,000 2,35,53,284
Pre-issue → post-issue
Registered office
1/209, First Floor, Sadar Bazar, Delhi Cantt, Delhi, New Delhi, 110010
+91 011 208 9790
Registrar

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Emkay Global Financial Services View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP

Innovision IPO Documents

Read the filings this page is built from.

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

2 of their issues have listed so far, and 2 opened above the issue price (average +44%). That is too small a sample to read as a hit rate.

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Innovision
Email

Frequently asked

What is the GMP of Innovision?

The current Grey Market Premium is ₹-95, or -17% over the issue price.

What is the Innovision IPO price band?

₹521 to ₹548, on a face value of ₹10.

When is the allotment?

The basis of allotment is 18 March 2026, with listing on 23 March 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.

Innovision IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹-95
Subscribed
3.47×
Min bid
₹14,796
Size my application