
Innovision IPO Subscription Day 1
Posted by : Ekta Dhawan | Tue Mar 10 2026

Here, the Innovision IPO launched on 10th March 2026. Bidding for the issue will close today, 12th March 2026. The primary aim of the Innovision IPO is to raise ₹322.84 crores from the market. Also, the Innovision IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Innovision IPO subscription and details.
Innovision IPO Details
| IPO Open Date | 10th March 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹521 to ₹548 |
| Lot Size | 27 shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & SME |
| IPO Close Date | 12th March 2026 |
| Listing Date | 17th March 2026 |
The price band for Innovision IPO has been set at ₹521 to ₹548 per share. Let’s segregate the share quota fixed for different categories of investors.
| 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 Subscription Status
As of now, the Innovision IPO has been subscribed to 0.00 times. Of these, 0.04 times are subscribed by retail investors, 0.65 times by non-institutional investors, and 0.99 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of Innovision’s IPO listing on 16th March 2026. Innovision also has a positive outlook behind the fresh issue of 1.47 crore shares, which will raise around Rs 254.98 crores.
Innovision IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Innovision IPO GMP for 10th March 2026.
The grey market premium for this IPO flat to ₹0.00 per share. It indicates that the estimated listing price per share is Rs 548. Numerous factors played a pivotal role in this jump in the GMP of Innovision IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 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% |
| 6-3-3036 | ₹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% |
About Innovision Ltd.
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’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.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects 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 |
Innovision IPO Listing Expectations
Innovision IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A flat of 0.00% in Innovision Highlight GMP suggests the estimated listing price per share will be around Rs. 0.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Innovision IPO Dates
| IPO Open Date | 10th March 2026 |
| IPO Close Date | 12th March 2026 |
| Allotment | 13th March 2026 |
| Refund Date | 16th March 2026 |
| IPO Listing Date | 17th March 2026 |
Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.
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