Innovision Ltd

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