By BullScreen Editorial Team 
The initial public offering (IPO) of Innovision Limited, a company providing manpower services and toll plaza management solutions, will open for subscription on March 10, 2026. Investors will be able to bid for the issue until March 12, 2026.
The company aims to raise ₹322.84 crore through the public offering. The price band for the IPO has been fixed at ₹521 to ₹548 per share.
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The IPO includes two parts:
- Fresh issue: Shares worth ₹255 crore
- Offer for Sale (OFS): Shares worth ₹67.84 crore by promoters Lt Col Randeep Hundal and Uday Pal Singh.
Funds raised through the fresh issue will mainly be used for:
- Repayment of certain outstanding borrowings
- Meeting working capital requirements
- General corporate purposes
According to the company’s red herring prospectus (RHP), the listing will also help strengthen its balance sheet and improve its ability to bid for larger toll management and skill development projects.
Investors can apply for the IPO in lots of 27 shares and multiples thereafter.
The company has allocated the issue in the following manner:
- 65% for retail investors
- 34% for non-institutional investors (NIIs)
- 1% for qualified institutional buyers (QIBs)
| Event | Date |
|---|---|
| IPO subscription opens | March 10, 2026 |
| IPO subscription closes | March 12, 2026 |
| Basis of allotment | March 13, 2026 |
| Refunds initiation | March 16, 2026 |
| Shares credited to demat | March 16, 2026 |
| Expected listing date | March 17, 2026 |
The IPO is being managed by Emkay Global Financial Services as the book-running lead manager, while KFin Technologies Limited will act as the registrar for the issue.
Innovision Limited offers manpower services, toll plaza management and skill development training across India. The company has built a wide presence in the country. As of January 15, 2026, Innovision operates in 23 states and 5 union territories.
With the planned IPO and stock market listing, the company hopes to increase its visibility, strengthen its brand and create a public market for its shares.