The Innovision IPO is set to raise ₹323 crore, with shares currently trading at a grey market premium of ₹0.
Innovision IPO Details
The Innovision IPO is poised to raise ₹323 crore, with a price band set between ₹521 and ₹548 per share. The offering is open for bidding from March 10 to March 12, 2026, and the expected allotment date for shares is March 13, 2026. The expected listing date is March 17, 2026.
Of the total amount, ₹68 crore is reserved for Offer for Sale (OFS). Investors will need to purchase a minimum lot size of 27 shares to participate in the IPO.
Market Insights
Currently, shares are trading at a grey market premium (GMP) of ₹0, indicating a cautious sentiment among investors. Analysts have mixed views on the IPO’s valuation. Swastika Investmart noted that the Return on Net Worth (RoNW) of 35.45% is significantly higher than its peers, suggesting efficient capital use and partially justifying the premium pricing.
However, Avinash Gorakshkar from the market has pointed out that the issue appears highly priced, with a price-to-earnings (PE) ratio around 45 at the end of FY25. SBI Securities echoed this sentiment, stating that the IPO valuations appear to be premium.
Innovision, which specializes in manpower services, toll plaza management, and skill development training across India, has shown strong growth over the past two years. Ventura Securities highlighted that this growth has been driven by expansion in its core businesses.
What Lies Ahead
As the bidding period progresses, market observers will be closely watching how investor sentiment evolves. The initial response to the IPO will provide insights into the market’s confidence in Innovision’s growth trajectory and valuation.
Details remain unconfirmed regarding the final subscription numbers and market reactions as the IPO period unfolds.
