Innovision Ipo
Innovision IPO Review & Key Points
Review: Avoid
IPO Lead Managers aka Merchant Bankers
Emkay Global Financial Services Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 27 | ₹14,796 |
| Retail Maximum | 13 | 351 | ₹1,92,348 |
| S-HNI Minimum | 14 | 378 | ₹2,07,144 |
| S-HNI Maximum | 67 | 1,809 | ₹9,91,332 |
| B-HNI Minimum | 68 | 1,836 | ₹10,06,128 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 58,913 Shares | 1% |
| NII Shares Offered | 20,03,037 Shares | 34% |
| Retail Shares Offered | 38,29,335 Shares | 65% |
| IPO Open Date: | March 10, 2026 |
| IPO Close Date: | March 12, 2026 |
| Basis of Allotment: | March 13, 2026 |
| Refunds: | March 16, 2026 |
| Credit to Demat Account: | March 16, 2026 |
| IPO Listing Date: | March 17, 2026 |
| IPO Bidding Cut-off Time: | March 12, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,89,00,000 | 100% |
| Promoter Holding Post Issue | 2,35,53,284 | 74.99% |
| Purpose | Crores |
| Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company | ₹51.00 |
| Funding working capital requirements of the Company | ₹119.00 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹257.62 | ₹247.32 | ₹8.88 | ₹108.17 |
| 2024 | ₹512.13 | ₹501.16 | ₹10.27 | ₹157.05 |
| 2025 | ₹895.95 | ₹856.90 | ₹29.02 | ₹220.30 |
| Sep 2025 | ₹483.10 | ₹459.53 | ₹20.00 | ₹271.66 |
| KPI | Values |
| ROE: | 35.45% |
| ROCE: | 40.77% |
| EBITDA Margin: | 5.79% |
| PAT Margin: | 3.25% |
| Debt to equity ratio: | 0.97 |
| Earning Per Share (EPS): | ₹15.62 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 35.45% |
| Net Asset Value (NAV): | ₹43.32 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Krystal Integrated Services Limited | 44.61 | 13.47 | 14.30% | 312.92 | 1,212.78 Cr. |
| Updater Services Limited | 17.70 | 8.62 | 12.33% | 144.07 | 2,736.06 Cr. |
| SIS Limited | 0.81 | 401.85 | 0.49% | 166.79 | 13,189.04 Cr. |
| Quess Corp Limited | 3.07 | 63.37 | 4.23% | 72.92 | 14,967.20 Cr. |
| Highway Infrastructure Ltd | 3.40 | 15.15 | 19.03% | 20.37 | 495.72 Cr. |
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| IPO Open Date | March 10, 2026 |
| IPO Close Date | March 12, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹521 to ₹548 Per Share |
| Issue Size | Approx ₹323 Crores |
| Fresh Issue | Approx ₹255 Crores |
| Offer for Sale: | Approx 12,38,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |