Innovision Ltd is preparing to launch its initial public offering (IPO) with a price band set between ₹521 and ₹548 per share. The company aims to raise a total of ₹323 crore, with ₹68 crore specifically reserved for an Offer for Sale (OFS).

The IPO will be open for bidding from March 10 to March 12, 2026, with the expected allotment date for shares on March 13, 2026. Investors can purchase shares in lots of 27.

Market Insights

Currently, shares of Innovision are trading at a grey market premium (GMP) of ₹0, indicating a neutral sentiment among investors ahead of the IPO launch. KFin Technologies has been appointed as the registrar for the Innovision IPO.

Analysts have mixed opinions regarding the IPO’s pricing. Swastika Investmart noted that the company’s Return on Net Worth (RoNW) of 35.45% is significantly higher than its peers, which could justify the premium pricing. In contrast, Avinash Gorakshkar pointed out that the issue appears highly priced, with a price-to-earnings (PE) ratio around 45 at the end of FY25.

Innovision has shown robust growth over the past two years, primarily driven by its expansion in toll plaza management and manpower services. Ventura Securities remarked on the company’s strong growth trajectory, while SBI Securities expressed concerns about the premium valuations.

Innovision provides a range of services including manpower solutions, toll plaza management, and skill development training across India. This diverse portfolio has contributed to its growth and market presence.

As the IPO date approaches, market observers will be keen to see how investor sentiment evolves and whether the current grey market premium reflects broader market conditions. Details remain unconfirmed.

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