IPO
HR-tech firm Innovision’s Rs.323-Cr IPO subscribed 3.32 times
Delhi-based Innovision's INR 322.84 crore IPO was subscribed 3.32 times, receiving bids for 2.12 crore shares against 63.99 lakh shares on offer. The price band was fixed at INR 521-548 per share.The IPO comprised a fresh issue of 46,53,285 equity shares to raise INR 255 crore and an offer for sale (OFS) of up to 12,38,000 equity shares worth up to INR 67.84 crore. Promoter group members Randeep Hundal and Udaypal Singh are set to offload 619,000 shares each.The company plans to allocate INR 51.0 crore from the net fresh issue proceeds for repayment of its borrowings and INR 119 crore for working capital requirements.Innovision provides manpower services, toll plaza management, and skill development training across India. Its services include private security, integrated facility management (IFM), manpower sourcing, and payroll services. The company also operates toll plazas primarily for the National Highways Authority of India (NHAI), serving over 180 clients across more than 1,000 locations as of January 2026.For the six months ending September 31, 2025, Innovision reported a consolidated net profit of INR 3.57 crore and sales of INR 480 crore.
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