⚠️ Neutral
Listed
Diversified Commercial Services
Innovision Limited IPO
₹323 Cr · Fresh Issue & OFS · Diversified Commercial Services
Price Band
₹521 – ₹548
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹323 Cr
Fresh Issue & OFS
Market Cap
₹1290.72 Cr
At upper band
P/E Ratio
44.5x
P/S: 1.4x
Listing Date
23 Mar 2026
BSE & NSE
IPO Timeline
✓
Opens
10 Mar 2026
✓
Closes
17 Mar 2026
✓
Allotment
18 Mar 2026
✓
Refund
19 Mar 2026
✓
Listing
23 Mar 2026
IPO India Hub Recommendation: Neutral
The company is well-positioned in the diversified commercial services sector, but the high P/E ratio of 44.5x is a concern.
Our Analysis — Key Points
✓ Strength
Strong Revenue Growth
The company generated ₹893.13 cr in revenue during the latest fiscal year, showing significant market presence. This strong revenue base indicates a solid customer demand for its services.
✓ Strength
Experienced Promoters
The promoters, LT COL RANDEEP HUNDAL AND UDAY PAL SINGH, bring valuable experience to the company. This leadership can guide the company through market challenges and opportunities.
⚠ Risk
High P/E Ratio Risk
The company's P/E ratio of 44.5x is quite high, which means investors might be paying a premium for the stock. This could be risky if the company's growth does not meet expectations.
$ Valuation
Valuation Concerns
The company has a P/S ratio of 1.4x, which is reasonable. However, the high P/E ratio of 44.5x suggests that the stock might be overvalued given the current market conditions.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Innovision Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹893.13 Cr
Net Profit
₹29.02 Cr
Industry
Diversified Commercial Services
Issue Type
Fresh Issue & OFS
Promoters
LT COL RANDEEP HUNDAL AND UDAY PAL SINGH
Lead Managers
Emkay Global Financial Services
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