Innovision Ltd

The order, issued by the Office of the Superintending Engineer (Operation) Circle in Rampur, Jabalpur, was awarded on 24 April 2026, following a competitive bidding process. Under the contract, the company will provide additional external manpower resources. The total value of the contract stands at Rs 3,01,38,756 and it will be executed on an annual basis. Innovision clarified that neither its promoters nor group companies have any interest in the awarding entity and the deal does not qualify as a related party transaction. Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services, and operates toll plazas primarily for the National Highways Authority of India (NHAI). Innovision added 2.52% to Rs 319.35 after the company's consolidated net profit jumped 43.27% to Rs 4.47 crore on a 2.12% increase in revenue from operations to Rs 233.26 crore in Q3 FY26 over Q3 FY25. Shares of Innovision slipped 3.43% to Rs 328.95 on the BSE.

Innovision has received a Letter of Award (LoA) /work order engagement of user fee agency on the basis Competitive Bidding at Vembukudi fee plaza at Km 152.000 of Cholapuram- Thanjavur Section from Km 116.440 to Km 164.275 of NH-45C in the state of Tamil Nadu and upkeep /maintenance of adjacent toilet blocks including recouping the consumable items. The contract is valued at Rs 31.09 crore.

The company has been appointed as the user fee collection agency for the Vembukudi fee plaza located at Km 152.000 on the Cholapuram'Thanjavur section of NH-45C, covering a stretch from Km 116.440 to Km 164.275. The scope of work also includes upkeep and maintenance of adjacent toilet blocks, along with replenishment of consumable items. The contract, signed on April 21, 2026, is valued at approximately Rs 31.09 crore. It is a domestic order and will be executed over a period of one year, commencing from June 6, 2026 (8:00 AM). Innovision clarified that neither its promoters nor group companies have any interest in the awarding entity. The contract does not fall under related party transactions. Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services, and operates toll plazas primarily for the National Highways Authority of India (NHAI). Innovision added 2.52% to Rs 319.35 after the company's consolidated net profit jumped 43.27% to Rs 4.47 crore on 2.12% increase in revenue from operations to Rs 233.26 crore in Q3 FY26 over Q3 FY25. Shares of Innovision fell 1.20% to Rs 333.55 on the BSE.

Profit before tax (PBT) increased 53.54% YoY to Rs 8.03 crore in Q3 December 2025. Total expenses edged up 1.24% to Rs 226.69 crore in Q3 FY26 compared with Rs 223.91 crore in Q3 FY25. Direct expenses stood at Rs 129.94 crore (up 6.2% YoY), employee benefit expenses was at Rs 89.57 crore (down 6.86% YoY) and finance cost stood at Rs 3.56 crore (up 53.45% YoY) during the period under review. The counter is currently trading 38.47% below its IPO price. Shares of Innovision entered into stock market on 23rd March 2026, the counter debuted at Rs 466, marking a discount of 10.21% to the issue price of Rs 519. Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services, and operates toll plazas primarily for the National Highways Authority of India (NHAI).

The contract includes toll collection, upkeep of adjacent toilet blocks, and replenishment of consumables. The contract is valued at Rs 99.35 crore at FY26 rates and will run from 15 April 2026 to 15 April 2027. The company said none of its promoters, promoter group, or group companies have any interest in NHAI, and the deal is not a related-party transaction. Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services, and operates toll plazas primarily for the National Highways Authority of India (NHAI). As of January 2026, it served over 180 clients across more than 1,000 locations. The company's full-year net profit jumped 182.8% to Rs 29.33 crore in FY25, on a 75% increase in revenue to Rs 893.13 crore versus FY24. Shares of Innovision rose 0.14% to Rs 319 on the BSE.

Innovision will hold a meeting of the Board of Directors of the Company on 13 April 2026.

The stock debuted at Rs 466, marking a discount of 10.21% to the issue price. So far, the stock has hit a high of Rs 468.60 and a low of Rs 407.90. On the BSE, over 2.05 lakh shares of the company were traded in the counter so far. Innovision received bids for 2,12,70,519 shares as against 63,99,943 shares on offer. The issue was subscribed 3.22 times. The issue opened for bidding on 10 March 2026 and earlier closing date was 12 March and further it closed 17 March 2026. The price band of the IPO is fixed between Rs 494 and 519 per share. The Rs 322.84 crore IPO comprises a fresh issue of 46,53,285 equity shares to raise Rs 255 crore and an offer for sale (OFS) of up to 12,38,000 equity shares worth up to Rs 67.84 crore at a higher price band of Rs 548. Promoter group members Lt. Col. Randeep Hundal and Udaypal Singh will offload 6,19,000 shares each. Innovision will utilize Rs 51.0 crore from the net fresh issue proceeds for repayment of its borrowings, Rs 119 crore for working capital requirements, and the remaining funds will be utilized for general corporate purposes. Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services, and operates toll plazas primarily for the National Highways Authority of India (NHAI). As of January 2026, it served over 180 clients across more than 1,000 locations. For the six months ended 31 September 2025, the firm recorded a consolidated net profit of Rs 3.57 crore and sales of Rs 480 crore.Powered by Capital Market - Live