Innovision IPO Review 2026: GMP Flat, Key Investor Insights

Posted by : Ekta Dhawan | Fri Mar 06 2026

Innovision IPO is open for bidding from 10th March 2026 to 12th March 2026. It is a bookbuilding issue IPO of ₹322.84 crore, comprising an entirely fresh issue of 0.47 crore and an offer for sale of 0.12 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 17th March 2026.

Innovision IPO Details

The Innovision IPO date is scheduled from 10th March 2026 to 12th March 2026. The face value of Innovision shares stands at ₹10 per share, and the IPO Issue price band is set at ₹521 to ₹548 per share

Kfin Technologies Limited is the registrar of the Innovision IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

IPO Allotment Date	13th March 2026
IPO Open Date	10th March 2026
IPO Close Date	12th March 2026
Refund Initiation	16th March 2026
Issue Size	58,91,284 shares(agg. up to ₹323 Cr)
Fresh issue	46,53,284 shares(agg. up to ₹255 Cr)
Offer for sale	12,38,000 shares of ₹10(agg. up to ₹68 Cr)
Face Value	₹10 per share
Lot Size	27 shares
Issue Price	₹116 to ₹122 per share
Issue Type	Bookbuilding IPO
Listing At	BSE & NSE
Listing Date	17th March 2026

Innovision IPO Share Reservation

Innovision IPO is a bookbuilding issue of 0.47 crore shares, worth ₹322.84 crore. Innovision IPO Limited shares will be listed on the BSE and the NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.

Investor Categories	Shares Offered
QIB Shares Offered	Not more than 1% of the net offer
NII (HNI) Shares Offered	Not less than 65% of the net offer
Retail Shares Offered	Not more than 34% of the net offer

Innovision IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Innovision IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
13-3-2026	–	–	–	–
12-3-2026	–	–	–	–
11-3-2026	–	–	–	–
10-3-2026	₹548.00	₹0.00	₹548.00	0.00%
9-3-2026	₹548.00	₹0.00	₹548.00	0.00%
8-3-2026	₹548.00	₹0.00	₹548.00	0.00%
7-3-2026	₹548.00	₹0.00	₹548.00	0.00%
6-3-2026	₹548.00	₹0.00	₹548.00	0.00%
5-3-2026	₹548.00	₹0.00	₹548.00	0.00%
4-3-2026	₹548.00	₹0.00	₹548.00	0.00%

As of 10th March 2026, the Innovision IPO GMP stands at ₹0 per share, indicating the share will likely list at ₹122.00 on its tentative listing date, 17th March 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Innovision IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.

Innovision IPO GMP Review

Check out the detailed Innovision GMP IPO review for a thorough understanding of its potential to report listing gains on 17th March 2026. The Innovision IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Innovision IPO.

Innovision Limited’s revenue increased by 33.60%, from ₹512.13 crore in March 2024 to ₹895.95 crore in March 2025. Moreover, the company’s PAT increased by 15% from ₹10.27 crore in March 2024 to ₹29.02 crore in March 2025.

Innovision IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Innovision IPO, with its tentative listing day set for 17th March 2026.

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Innovision IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	35.69
EPS (Earnings Per Share)	15.36
RoNW	19.55%
ROCE	18.19%
ROE	19.55%
EBITDA Margin	6.34%
Price to Book Value	–
Market Capitalisation	1,290.72

The P/E ratio of Innovision Limited shares is 35.69, and its Earnings Per Share (EPS) stands at 15.36. Thus, the Innovision IPO can deliver gains on its tentative listing date, 17th March 2026.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Innovision Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.

Indicators	Pre-IPO	Post-IPO
PE Ratio	35.69	32.26
EPS	15.36	16.99

Innovision IPO Subscription Status

The Innovision IPO will open for bidding on 9th March 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Innovision IPO Subscription Status.

Investor Categories	Shares Offered	Shares Subscribed	Subscription to the Times
QIB Shares Offered	Not more than 1% of the net offer	Yet to be announced	Yet to be announced
Retail Shares Offered	Not less than 65% of the net offer	Yet to be announced	Yet to be announced
NII Shares Offered	Not more than 34% of the net offer	Yet to be announced	Yet to be announced

About Innovision Limited

Innovision Limited provides manpower services, toll plaza management, and skill development training to clients across India. The company has 35 offices, including registered and corporate offices, across India. As of Jan 15, 2026, Innovision Limited operates in 23 states and 5 union territories of India.The company serves customers across sectors including retail, healthcare, warehousing, logistics and BFSI. Max Healthcare Limited, Stellar Value Chain and Sequel Logistics are some of the customers.

Innovision Limited Financials

The company’s financial analysis is essential before applying for the Innovision IPO. See the table for Innovision Limited’s financials.

Year Ended	30th Sep 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31 Mar 2023 (in cr.)
Assets	271.66	220.30	157.05	108.17
Total Income	483.10	895.95	512.13	257.62
Profit After Tax	20.00	29.02	10.27	8.88
EBITDA	30.42	51.75	19.66	16.36
Net Worth	102.33	81.88	52.35	40.26
Reserves and Surplus	83.43	62.98	33.45	38.91
Total Borrowings	112.39	79.05	48.15	33.34

Explanation

Innovision Limited IPO Promoter Holdings

Shankarlal Deepchand Mehta, Babulal D Mehta, Jayesh Natvarlal Pithva and Yashkumar Shankarlal Mehta are the promoters of the company.

Shareholding Pre-Issue	100%
Shareholding Post-Issue	74.99%

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Innovision IPO

The primary aim of the Innovision IPO is to raise ₹322.84 crores.

Should I Invest in the Innovision IPO?

Explore the pros and cons of Innovision to decide whether to apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.

Pros of the Innovision IPO

Strong revenue growth in recent years
Significant increase in net profit
Diversified business segments
Presence across multiple states in India
Part of the IPO proceeds will reduce debt

Cons of the Innovision IPO

Low profit margins in operations
Dependence on government and contract-based projects
High working capital requirements
Highly competitive industry
Portion of IPO is Offer for Sale (OFS)

How to Apply for the Innovision IPO?

Check the steps mentioned below to apply for Innovision Ltd.

Step 1: Conduct thorough research on the Innovision IPO GMP, subscription status, issue size, lot size, and other details.
Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
Step 3: Make a bid for 1 lot of 27 shares worth ₹14,796.
Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.

Note: You can apply for the Innovision IPO across multiple demat accounts to increase your chances of allotment.

How to Check the Innovision IPO Allotment Status?

You can check for the Innovision IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On NSE

Visit the NSE Official Site
Navigate to the IPO Allotment Section.
Select Equity as the issue type.
Choose the Innovision IPO.
Choose whether to proceed with the PAN number or the application number.
Submit your details to get the allotment status online.

Check On the Registrar Portal

Visit the registrar portal.
Click on the allotment option.
Fill in the required details.
Click on the submit button to know your Innovision IPO allotment status.

Let’s Wrap

Innovision IPO is a book-building issue of shares worth ₹322.24 crore. The shares of Innovision Limited will be listed on the BSE and NSE on its tentative listing date of 17th March 2026. Researching the Innovision IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Innovision IPO

How is the Innovision IPO?

Ans. Currently, on 10th March 2026, the Innovision GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹548.00 per share. It is a book-building IPO of ₹322.84 per share. The face value of each Innovision share is ₹10.

What is the Innovision IPO price?

Ans. The Innovision IPO issue price band is set at ₹₹521 to ₹548 per share.

Is the Innovision IPO a good investment?

Who is the registrar of the Innovision IPO?

Ans. Kfin Technologies Limited is the registrar for the Innovision IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Innovision allotment and refund, you can contact Kfin Technologies Limited at rsl.ipo@kfintech.com or 04067162222, 04079611000.

What is the issue size of the Innovision IPO?

Ans. Innovision IPO is a bookbuilding IPO of ₹254.98 crores. Moreover, the IPO is set to open on 9th March 2026 and close on 11th March 2026.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Innovision IPO, download the Innovision IPO RHP and Innovision IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.