innovision-ltd

Founded in 2007 and headquartered in Gurgaon, Innovision is a diversified service provider specializing in manpower solutions and infrastructure management. Originally starting with private security, it has evolved into a major player across multiple service domains.

Business Verticals

• Manpower Services: Includes Manned Private Security, Integrated Facility Management (IFM), and Executive Sourcing/Payroll.

• Toll Plaza Management: Provides end-to-end tolling operations and maintenance services (contributes ~56% of revenue).

• Skill Development: Partnering with government initiatives to provide vocational training and placement.

Track Record

• Revenue Growth: Total income jumped 75% from ₹512.13 Cr (FY24) to ₹893.10 Cr (FY25).

• Profitability: Reported a PAT of ₹29.00 Cr in FY25, reflecting a significant 182% increase year-on-year.

• Scale: Operates across 23 states and 5 union territories with over 35 offices and 1,000+ client locations.

• Clients: Serves sectors like Healthcare, Logistics, and BFSI with marquee clients like Max Healthcare and Sequel Logistics.

Innovision Ltd IPO GMP

As of March 5, 2026, the Grey Market Premium (GMP) is not yet officially established, as the price band was only just announced.

Note: Initial sentiment appears positive given the strong 182% profit growth in FY25. GMP movement is expected to pick up once the Anchor Investor round concludes on March 9.

Innovision Ltd IPO Allotment Status

The allotment is scheduled to be finalized on Mar 13, 2026.

Check Innovision Allotment Status To check your status online, visit: Check Allotment Status Here

You can verify your status via:

• Registrar's website (Kfin Technologies Limited)

• NSE/BSE official portals

• Using your PAN number or Application ID

Strengths

• Diversified Revenue: Balanced mix of steady manpower services and high-growth toll management contracts.

• Nationwide Presence: Extensive operational footprint across India with specialized PSARA licenses in 18 states.

• Scalable Business Model: Standardized recruitment and training processes allow for rapid deployment across various sectors.

• Strong Financial Trajectory: High Return on Equity (ROE of 35.45% in FY25) and robust revenue CAGR.

Weakness

• High Attrition Risk: The business is labor-intensive; the inability to retain skilled manpower could impact service quality and margins.

• Regulatory Sensitivity: Subject to strict labor laws and state-specific security regulations (PSARA).

• Working Capital Needs: Requires significant liquidity to manage large payrolls and tolling operations.

• Client Concentration: While diversified, significant revenue still comes from key contracts in the tolling and healthcare sectors.

How the Company Will Use IPO Money

The fresh issue proceeds of ₹255.00 crores will be utilized for:

• Working Capital: ₹119.00 crores to fund growing operational requirements.

• Debt Repayment: ₹51.00 crores for the repayment/pre-payment of existing borrowings.

• General Corporate Purposes: Balance for strategic initiatives and brand building.

Lead Manager & Registrar

• Lead Manager: Emkay Global Financial Services Limited

• Registrar: Kfin Technologies Limited

• Phone: +91 40 6716 2222

• Email: innovision.ipo@kfintech.com