BSE List Price : ₹466.00

NSE List Price : ₹467.70

subscription

Category	Times
QIBs	14.3x
HNIs	8.06x
Retail	0.06x
Total : 3.46x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	27	₹14,796
Retail Maximum	13	351	₹192,348
S-HNI Minimum	14	378	₹207,144
S-HNI Maximum	67	1,809	₹991,332
B-HNI Minimum	68	1,836	₹1,006,128

About the Company

Established in 2007, Innovision Limited provides manpower solutions, operates toll plazas, and delivers skill development training programs across India. As of January 16, 2026, the company has a presence through 35 offices spread across 23 states and 5 union territories. Its manpower services are organized into three main segments: Manned Private Security Services, Integrated Facility Management (IFM) Services, and Manpower Recruitment and Payroll Management.

The company serves prominent clients such as Max Healthcare Limited, Stellar Value Chain, and Sequel Logistics. Its services cater to various industries including retail, healthcare, warehousing, logistics, and BFSI. To date, Innovision Limited has served more than 180 clients. Additionally, the company provides security guard training at its training center located in Rewari, Haryana, in accordance with government regulations.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹257.62	₹247.32	₹8.88	₹108.17
2024	₹512.13	₹501.16	₹10.27	₹157.05
2025	₹895.95	₹856.90	₹29.02	₹220.30
Sep 2025	₹483.10	₹459.53	₹20.00	₹271.66

Company Promoter

Lt Col Randeep Hundal

Uday Pal Singh

Know before investing

• • Strengths

  Wide-Ranging Manpower Service Offerings: Delivers a broad spectrum of manpower solutions across various industries, allowing tailored services that help attract new clients, maintain long-term relationships, and adapt to changing business requirements.

  Efficient & Scalable Operational Framework: Well-defined recruitment, training, and operational procedures, supported by data-based performance tracking, help maintain service standards and support the company’s ability to scale operations.

• • Risks

  Debarment & Contract Compliance Risk: The Company has received debarment notices from certain clients and has legally contested one such order in court. Any ongoing or future debarment could limit the Company’s ability to participate in tenders and may negatively affect its revenue and reputation.

  Impact of NHAI Debarment: In July 2025, the National Highways Authority of India (NHAI) issued a debarment order against the Company, which has currently been stayed by the Delhi High Court. If the stay is lifted or the expected impact of the order differs from current assumptions, it could adversely affect business operations and the proposed use of IPO proceeds.

Objects of the Issue & Utilisation of proceeds

Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company.
Funding working capital requirements of the Company.
General Corporate Purpose.

Company  Address

Innovision Ltd.
1/209, First Floor,
Sadar Bazar,
Delhi Cantt,
Delhi, New Delhi, 110010
Phone: +91 011 208 9790
Email: cs@innovision.co.in
Website: https://www.innovision.co.in/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: innovision.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Review

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