Innovision Ltd IPO

Innovision Limited is in the business of providing manpower services, toll plaza management, and skill development training across India. The company commenced operations in 2007 with manned private security services and later expanded into integrated facility management (IFM), manpower sourcing and payroll services, skill development training (from fiscal 2014), and toll plaza management (from fiscal 2019). Its manpower services include private security, hard and soft facility management, recruitment, temporary staffing, and payroll processing. The toll plaza management segment involves user fee collection and related operations at toll plazas, primarily for the National Highways Authority of India (NHAI). The skill development segment delivers vocational and technical training under various central and state government schemes. Through its subsidiaries, the company also provides recruitment and visa facilitation services and conducts DGCA-certified remote pilot training courses. As of January 15, 2026, the company operated in 23 states and 5 Union Territories across India. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Repayment or pre-payment, in part or in full, of all or certain borrowings availed by the company – Rs 51 crore Funding the working capital requirements of the company – Rs 119 crore General corporate purposes;