The Initial Public Offering (IPO) for Innovision Ltd opened for subscription on March 10, 2026. It enters the second day of IPO today. The bidding window for Innovision IPO will be open until March 12, 2026. The company is a diversified provider of manpower and facilities management services, incorporated in 2007. It is recognised as one of India’s prominent security manpower service providers and delivers customised workforce and integrated facility solutions across multiple sectors.

The basis of allotment for Innovsion IPO is likely to be finalised on March 13, 2026, and the shares are tentatively scheduled to list on the NSE and BSE on March 17, 2026.

Innovision IPO Details

The Innovision IPO is a book-building issue aggregating to ₹323 crore, comprising a fresh issue of 0.47 crore shares worth ₹255 crore and an offer for sale (OFS) of 0.12 crore shares amounting to ₹67.84 crore. The price band has been fixed at ₹521 to ₹548 per share, with a lot size of 27 shares. Retail investors are required to invest a minimum of ₹14,067.

Emkay Global Financial Services is the book-running lead manager to the issue, while Kfin Technologies Ltd serves as the registrar.

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Innovision IPO Day 2 Subscription Status

[March 11, 2026, 11:42 A.M.]

On Day 2, Innovision IPO saw a subscription of 0.08 times as per NSE data on March 11, 2026, 11:42 am. The public issue was subscribed to 0.03 times by the Retail Individual Investors (RIIs), 0.96 times from the Qualified Institutional Buyers (QIBs) and 0.15 times from the Non-Institutional Investors (NIIs).

Use of Proceeds

The Company will utilise the net proceeds from the fresh issue towards the following purposes:

Repayment or pre-payment, in part or fullof all or certain borrowings availed by the Company.
Funding the working capital requirements of the Company.
General corporate purposes.

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Innovision Ltd GMP

As per media reports, the Grey Market Premium (GMP) of Innovision Ltd is reported at ₹0.

About Innovision Ltd

Innovision Ltd is a Delhi-based business services company incorporated on January 11, 2007. The company specialises in providing comprehensive manpower and workforce solutions, including manned private security services, integrated facility management (IFM), manpower sourcing and payroll management, toll plaza management, and skill development training. Its services are delivered across a broad range of industries, including healthcare, logistics, retail, BFSI, and government sectors, serving 200+ clients and operating at over 1,300 client locations nationwide. Innovision also runs training and certification centres to support workforce skill development. For the year ended March 31, 2025 (FY25), the company generated revenue of approximately ₹896 crore.

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