Athira Sethu
Kochi, 5 March 2026
Innovision Ltd is a company that provides manpower services, toll plaza management, and skill development training. It is launching its initial public issue (IPO) on March 10. The IPO will close on March 12. The IPO is priced between ₹521 and ₹548.
The company is looking to raise ₹322.84 crore through its IPO. Of this amount, ₹255 crore is from fresh shares issued by the company. Additionally, ₹67.84 crore is from shares being sold by promoters Lt Col Randeep Hundal and Uday Pal Singh.
The amount raised from fresh shares issued by the company will be used to settle debts, working capital requirements, and other business expenses. Innovision is also looking to expand its business through its IPO. It is expecting that after the IPO, its financials will be stronger, and it can take up larger contracts in terms of toll plaza management and skill development training. It is also looking to increase its visibility in the market through this IPO.
The IPO size is 27 shares, and the lot size is in multiples of 27. Also, 65% of shares are available for retail investors, 34% for non-institutional investors, and 1% for qualified institutional buyers.
The important dates for the IPO are as follows:
- Subscription Period: 10th to 12th of March
- Allotment Basis: 13th of March
- Refunds Initiated: 16th of March
- Shares Credited to Demat Accounts: 16th of March
- Listing Date: 17th of March
Emkay Global Financial Services is managing the IPO process for Innovision, and the registration process is done by KFin Technologies.
Innovision is present in 23 states and 5 union territories in India as of January 2026.
