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 ₹323 crore, with ₹68 crore allocated for an Offer for Sale (OFS).
The IPO is 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 Expectations
Currently, shares of Innovision are trading at a grey market premium (GMP) of ₹0. This figure indicates a lack of enthusiasm in the grey market as the IPO approaches.
Analysts have mixed views on the IPO’s valuation. According to Swastika Investmart, the company’s Return on Net Worth (RoNW) of 35.45% is significantly higher than its peers, which may justify a premium. However, Avinash Gorakshkar from the market suggests that the issue appears highly priced, with a price-to-earnings (PE) ratio around 45 at the end of FY25.
Innovision operates in various sectors, including manpower services, toll plaza management, and skill development training across India. The company has shown strong growth over the past two years, driven by its expansion in these areas, as noted by Ventura Securities.
Despite the growth, SBI Securities warns that the IPO valuations seem to be premium, raising questions about the sustainability of such pricing in the current market environment.
Looking Ahead
The expected listing date for the Innovision IPO is March 17, 2026. As the bidding period progresses, market observers will be closely monitoring investor sentiment and demand for the shares.
Details remain unconfirmed regarding the final subscription numbers and overall market response as the IPO date approaches.
