About
Innovision Limited was incorporated in January 2007 as SRT Innovision Services Private Limited under the Companies Act, 1956. The company later converted into a public limited entity in 2010 and was renamed Innovision Limited in 2011. Its registered office is in Delhi, with a corporate office in Gurgaon. The company is promoted by Lt. Col. Randeep Hundal and Uday Pal Singh, who have been instrumental in building and expanding the business. Over time, Innovision has evolved from a single-service security provider into a diversified manpower and services organisation. Innovision operates across 23 states and 5 union territories in India, delivering manpower services, toll plaza management, and skill development training. The company initially focused on manned private security services and later expanded into broader manpower solutions, skill development (from FY2014), and toll management services (from FY2019). Its business model centers on providing outsourced workforce solutions and operational services to enterprises and infrastructure operators across sectors. Revenue is generated through service contracts and long-term operational engagements. Innovision’s key strengths include a nationwide operational footprint, diversified service portfolio, manpower deployment capabilities, and experience in managing large-scale operational projects across industries. These capabilities position the company as a scalable service provider in India’s growing manpower and infrastructure services ecosystem.
IPO schedule
| Issue open date | 2026-03-10 |
| Issue close date | 2026-03-12 |
| UPI mandate deadline | 2026-03-12 (5 PM) |
| Allotment finalization | 2026-03-13 |
| Refund initiation | 2026-03-16 |
| Share credit | 2026-03-16 |
| Listing date | 2026-03-17 |
| Mandate end date | 2026-03-27 |
| Lock-in end date for anchor investors (50%) | 2026-04-12 |
| Lock-in end date for anchor investors (remaining) | 2026-06-11 |
Financials
| Financial Year Ended | March 2024 | March 2025 | September 2025 |
| Total Assets | 154.05 | 220.3 | 271.66 |
| Revenue | 512.13 | 895.95 | 483.1 |
| Profit After Tax | 10.27 | 29.02 | 20 |
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 322.84 |
| Fresh Issue - Proceeds go to the company | 255 |
| Offer for sale - Proceeds go to the existing investors | 67.84 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment / pre-payment of borrowings | 51 (20%) |
| Funding working capital requirements | 119 (47%) |
| General corporate purposes | 85 (33.33%) |
Strengths
- Diversified services across manpower, toll management, and skill development segments.
- Pan-India presence with training centers and service operations across multiple states.
- Strong partnerships with government bodies such as NSDC, MoRD, and NCVT.
- A large trained workforce and candidate pool supporting manpower deployment.
- Multiple business verticals contribute to diversified revenue streams.
Risks
- High dependence on NHAI contracts for revenue in the toll management segment.
- Business is manpower-intensive and depends on the availability of skilled personnel.
- High employee attrition may increase recruitment and training costs.
- Delays in statutory filings or regulatory compliance may lead to penalties.
- Fluctuations in return on capital employed could impact profitability.
Allotment Status for Innovision
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.