Innovision Ltd. IPO

Incorporated in 2007, Innovision Limited provides manpower services, toll plaza management, and skill development training to clients across India. The company has 35 offices, including registered and corporate offices, across India. As of Jan 15, 2026, Innovision Limited operates in in 23 states and 5 union territories of India.

Manpower Services comprises 3 operational segments as follows: Manned Private Security Services, Integrated Facility Management (IFM) Services and Manpower Sourcing and Payroll.

As of Jan 15, 2026, the company served more than 180 clients across various sectors and rendered services to over 1,000 client premises.

The company serves customers across sectors including retail, healthcare, warehousing, logistics and BFSI. Max Healthcare Limited, Stellar Value Chain and Sequel Logistics are some of the customers.

Innovision Limited also provides physical and classroom training to security personnel by the Private Security Agency Regulatory Act, 2025 at a training centre located at Turkiawas, Rewari, Haryana.

Competitive Strengths

    • Wide geographical reach and locations across India.
    • Diverse portfolio of manpower services
    • Established systems and processes leading to a scalable business model
    • Experienced management and operational team

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  • Recruitment capability, domain knowledge and knowledge of labour regulations

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets271.66220.30157.05108.17
Total Income483.10895.95512.13257.62
Profit After Tax20.0029.0210.278.88
EBITDA30.4251.7519.6616.36
NET Worth102.3381.8852.3540.26
Reserves and Surplus83.4362.9833.4538.91
Total Borrowing112.3979.0548.1533.34
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#Issue ObjectsEst Amt (₹ Cr.)
1Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company51.00
2Funding working capital requirements of the Company119.00
3General Corporate Purposes 
 Total170.00

Key Performance Indicator (KPI)

KPISep 30, 2025Mar 31, 2025
ROE19.55%35.45%
ROCE18.19%40.77%
Debt/Equity1.100.97
RoNW19.55%35.45%
PAT Margin4.17%3.25%
EBITDA Margin6.34%5.79%
Price to Book Value 12.65
 Pre IPOPost IPO
EPS (₹)15.3616.99
P/E (x)35.6932.26

Innovision IPO Details

IPO Date10 to 12 Mar, 2026
Listing DateTue, Mar 17, 2026
Face Value₹10 per share
Price Band₹521 to ₹548
Lot Size27 Shares
Sale TypeFresh capital cum OFS
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Total Issue Size58,91,284 shares
(agg. up to ₹323 Cr)
Fresh Issue46,53,284 shares
(agg. up to ₹255 Cr)
Offer for Sale12,38,000 shares of ₹10
(agg. up to ₹68 Cr)
Share Holding Pre Issue1,89,00,000 shares
Share Holding Post Issue2,35,53,284 shares

Innovision IPO Promoter Holding

Lt Col Randeep Hundal and Uday Pal Singh are the company promoters.

Share Holding Pre Issue100%
Share Holding Post Issue74.99%

SHARIAH SCREENING for - Innovision Ltd. IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in

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Last Updated on March 12, 2026 Innovision Ltd. IPO Incorporated in 2007, Innovision Limited provides manpower services, toll plaza management, and skill development training to clients across India. The company

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