The Innovision IPO Day opened for subscription on March 10, 2026, giving investors an opportunity to buy shares of the manpower and toll plaza management services provider. The public issue will remain open until March 12, 2026.
The company plans to raise ₹322.84 crore through the initial public offering. The price band for the issue has been set at ₹521 to ₹548 per share.
Innovision IPO Day Structure
The IPO consists of two parts:
- Fresh issue of equity shares: ₹255 crore
- Offer for Sale (OFS): ₹67.84 crore by promoters Lt Col Randeep Hundal and Uday Pal Singh
The company plans to use the funds raised from the fresh issue mainly for repaying certain borrowings, meeting working capital requirements, and supporting general corporate purposes.
Innovision IPO Day 1 Subscription Status
On the first day of bidding, the IPO received limited initial response from investors.
According to data available on the BSE until 3:29 PM on March 10, the issue was subscribed around 2%. Investors had placed bids for 1,15,506 shares, compared to 61,32,433 shares available in the offering.
Here is the category-wise subscription status:
- Qualified Institutional Buyers (QIBs): 96%
- Retail Investors: 1%
- Non-Institutional Investors: No bids reported yet
- Total Subscription: 2%
Innovision IPO Lot Size
Investors must apply for the shares in a fixed lot size.
- Lot Size: 27 shares
- Bids can be placed in multiples of 27 shares.
In terms of allocation:
- 65% of the net issue is reserved for retail investors
- 34% is reserved for non-institutional investors (NIIs)
- 1% is allocated to qualified institutional buyers (QIBs)
Innovision IPO Important Dates
Here are the key dates investors should keep in mind:
- IPO Opening Date: March 10, 2026
- IPO Closing Date: March 12, 2026
- Allotment Finalisation: March 13, 2026
- Refund Initiation: March 16, 2026
- Shares Credited to Demat Accounts: March 16, 2026
- Expected Listing Date: March 17, 2026
About Innovision
Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers services such as private security personnel, integrated facility management, manpower sourcing, and payroll management for its clients.
Its toll management division handles fee collection and related operations at toll plazas.
As of January 15, 2026, the company had served more than 180 clients across multiple sectors and provided services at over 1,000 locations across India.
Currently, Innovision manages nine toll plazas located in Uttar Pradesh, Assam, Rajasthan, Jharkhand, and Haryana.
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Final Thoughts
With the IPO open for subscription until March 12, investors still have time to evaluate the opportunity. The initial response on Day 1 has been modest, but subscription numbers could change as the bidding period progresses.
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