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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Innovision Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹519
Per ShareLot Size
27 Shares
Minimum Investment
₹14,013
Issue Size
₹319.25 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
65%
QIB Quota
1%
NII Quota
34%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
74.17%
Issue Type
Book Building
ISIN
INE0ADB01012
The Company is in the business of providing manpower services, toll plaza management and skill development training to its clients across India. As on June 30, 2024, the company has its operations in 22 states and 5 union territories of India. The Company started its business with a single service domain of providing manned private security services to our clients in the year 2007 and has gradually diversified its business to provide a suite of manpower services. The Company commenced offering skill development services from Fiscal 2014 and toll plaza management services from Fiscal 2019.
In Q1FY24, the services sector growth jumped to 10.7%. Within services, there was a broad-based improvement in growth across different sub-sectors. However, the sharpest jump was seen in financial, real estate, and professional services. Trade, hotels, and transport sub-sectors expanded at a healthy pace gaining from strength in discretionary demand. The service sector growth in Q2FY24 moderated to 6.0% partly due to the normalization of base effect and some possible dilution in discretionary demand. Considering these factors, service sector marked 8.3% growth in H1FY24. In Q3FY24 growth increased to 7.1% compared to 7.2% last year in the same quarter. In Q4FY24, growth declined to 6.7% compared to 7.2% last year in the same quarter.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 6151294 equity shares of face value of Rs. 10 each ("Equity Shares") of Innovision Limited ("Company" or "Issuer") for cash at a price of Rs. 519 per equity share (Including a Share Premium of Rs. 509 Per Equity Share) ("Offer Price") aggregating up to Rs. 319.25 Crores ("Offer") comprising a fresh issue of up to 4913294 equity shares of face value of Rs.10 each aggregating up to Rs. 255.00 Crores by the company (the "Fresh Issue") and an offer for sale of up to 12,38,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 64.25 crores by the promoter selling shareholders ("Offer for Sale") comprising up to 619,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 32.13 Crores by LT Col Randeep Hundal and up to 619,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 32.13 Crores by Uday Pal Singh (Collectively, the "Promoter Selling Shareholders" and such equity shares, the "Offered Shares"). The offer constituted 25.83% of the post-offer paid-up share capital of the company. Price Band: Rs. 519 per equity share of face value of Rs. 10 each. The floor price is 51.90 times the face value of the equity shares. Bids can be made for a minimum of 27 equity shares and in multiples of 27 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
The Company was incorporated as `SRT Innovision Services Private Limited' as a private limited company under Companies Act, 1956, pursuant to a certificate of incorporation dated January 11, 2007, issued by Registrar of Companies, National Capital Territory of Delhi and Haryana, India. The Company was converted into a public limited company pursuant to a resolution passed at the meeting of the Board of Directors held on October 24, 2010, and a special resolution passed in the extraordinary general meeting of its Shareholders held on November 19, 2010, and consequently, the name of the Company was changed to, `SRT Innovision Services Limited' and a fresh certificate of incorporation dated December 22, 2010, was issued by the RoC. Thereafter, the name of the Company was changed to nnovision Limited' pursuant to resolution passed at the meeting of the Board of Directors held on January 17, 2011, and a special resolution passed in the extraordinary general meeting of our Shareholders held on February 8, 2011 and certificate of incorporation dated March 2, 2011, issued by the RoC consequent to change of name.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.