Innovision IPO enters into the third day of bidding today on March 12, 2026. The company launched its ₹323 crore IPO on March 10, 2026. Headquartered in New Delhi, Innovision Ltd is a diversified provider of manpower and facilities management services, incorporated in 2007. The company 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 Innovision 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. It includes a fresh issue of 0.47 crore shares valued at ₹255 crore and an offer for sale (OFS) of 0.12 crore shares worth ₹67.84 crore. The IPO price band is set at ₹521 to ₹548 per share, with a lot size of 27 shares. Retail investors need to make a minimum investment of ₹14,067.

Emkay Global Financial Services is acting as the book-running lead manager for the issue, and Kfin Technologies Ltd has been appointed as the registrar.

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Innovision IPO Day 3 Subscription Status

[March 12, 2026, 10:57 A.M.]

On Day 3, Innovision IPO saw a subscription of 0.18 times as per NSE data on March 12, 2026, 10:57 am. The public issue was subscribed to 0.13 times by the Retail Individual Investors (RIIs), 0.96 times from the Qualified Institutional Buyers (QIBs) and 0.25 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 ₹71, which is 13% higher than the IPO price of ₹548.

About Innovision Ltd

Innovision Ltd is a Delhi-based business services company incorporated on January 11, 2007. It provides end-to-end manpower and workforce solutions, including manned private security services, integrated facility management (IFM), manpower recruitment and payroll management, toll plaza operations, and skill development training. The company caters to diverse sectors such as healthcare, logistics, retail, BFSI, and government, serving over 200 clients across more than 1,300 locations in India. It also operates training and certification centres to enhance workforce skills. For the financial year ended March 31, 2025 (FY25), Innovision reported revenue of around ₹896 crore.

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