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News Topical, Digital Desk : On 23 March 2026, the company was first listed on BSE and NSE with a huge discount of 10 percent and after this, as soon as it was listed, the stock fell further and a lower circuit was also imposed on it. Shares of Innovision Limited opened at Rs 467.70 on NSE and Rs 466 on BSE (New IPO Listing), whereas its issue price was Rs 519 per share. After listing, the market cap of the company was Rs 1113.75 crore. Within minutes, the stock fell by 17.11 percent to Rs 386.25.
Innovision IPO Details
This IPO of Rs 319 crore received a total subscription of 3.46 times. Of this, the QIB category was subscribed 14.30 times and the NII category 8.60 times, while demand from retail investors was only 0.60 times. The Gurugram-based company provides manpower services and toll plaza management. The price band for the IPO was fixed at ₹521 to ₹548 and the issue was open from March 10 to March 12.
The company was started in 2007
with private security services. Later, it entered into skill development in FY14 and toll plaza management in FY19. As of January 15, 2026, the company operates in 23 states and 5 union territories. Of the funds raised from the fresh issue, ₹51 crore will be used to repay debt, ₹119 crore for working capital, and the remaining amount for general corporate needs. The company's total working capital debt was ₹134.5 crore.
The company's profit was ₹29 crore
In FY25, 41 percent of the company's income came from manpower services and 56 percent from toll plaza management. The company's profit was ₹29 crore, an increase of 182.5 percent from ₹10.3 crore in the previous year. Revenue increased by 75 percent to ₹893.1 crore from ₹510.3 crore previously.
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