Innovision IPO Details
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 allocated 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 shares.
As of today, shares are trading at a grey market premium (GMP) of ₹0. This has raised questions among analysts regarding the pricing and market demand for the IPO.
According to Swastika Investmart, the company’s Return on Net Worth (RoNW) of 35.45% is significantly higher than its peers, with the next best being 19%. This performance indicates efficient capital use and partially justifies the premium pricing.
However, Avinash Gorakshkar from the market has noted that the issue appears to be highly priced, with a price-to-earnings (PE) ratio around 45 at the end of FY25. This could impact investor sentiment.
Innovision specializes in providing manpower services, toll plaza management, and skill development training across India. The company has experienced robust growth over the past two years, driven by its expansion in these sectors, as highlighted by Ventura Securities.
Despite the growth, SBI Securities has remarked that the IPO valuations seem to be premium, which could deter some potential investors.
Looking Ahead
The expected listing date for the Innovision IPO is March 17, 2026. Observers will be closely monitoring the market’s response to the IPO and whether the current GMP will change as the bidding period progresses.
Details remain unconfirmed regarding investor interest and the final pricing strategy as the IPO date approaches.
