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Innovision Ltd
MiscellaneousIPO
₹519 - 519
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.
Lot27Min Invest₹14,013Face Value₹10Issue Size₹319 CrFresh Issue₹255 CrOffer for Sale₹64 CrListing Price₹468CMP₹190
Timeline
10 Mar
Bidding opens
17 Mar
Bidding closes
18 Mar
Allotment
20 Mar
Refund & demat credit
23 Mar
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹319 Cr0.62 Cr shares
Fresh Issue₹255 Cr
Offer for Sale₹64 Cr
Face Value₹10
Lot Size27 shares
ReservationQIB 1% · NII 34% · RETAIL 65%
Application Sizes
Retail₹14,0131-14 lots
sNII₹2,10,195from 15 lots
bNII₹10,08,936from 72 lots
Managers & Registrar
Lead ManagerEmkay Global Financial Services Ltd
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.98%74.16%Public0.02%25.84%
Objects of the Issue
- Repayment or pre-payment in part or full of all or certain borrowings availed by the company
- Funding working capital requirements of the company
- General corporate purposes
Anchor Book
30-day lock-in16-Apr-202690-day lock-in15-Jun-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 256 | 510 | 893 | 981 | 1,022 |
| Operating ProfitCr | 14 | 18 | 49 | 55 | 29 |
| OPM% | 5.6 | 3.5 | 5.5 | 5.6 | 2.9 |
| PBTCr | 10 | 11 | 39 | 46 | 21 |
| PATCr | 8 | 10 | 29 | 36 | 17 |
| EPS | 5 | 6 | 16 | 17 | 10 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 19 | 19 | 24 | - |
| ReservesCr | 38 | 34 | 63 | 270 | - |
| BorrowingsCr | 34 | 49 | 79 | 124 | - |
| Fixed AssetsCr | - | - | 12 | 15 | - |
| Total AssetsCr | 107 | 157 | 220 | 474 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 3 | 6 | -22 | -28 | - |
| Investing Cash FlowCr | 1 | -34 | 2 | -134 | - |
| Financing Cash FlowCr | -4 | 9 | 23 | 206 | - |
| Net Cash FlowCr | 0 | -19 | 3 | 44 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Wide geographical reach and locations across India.
- Diverse portfolio of manpower services.
- Established systems and processes leading to a scalable business model.
- Experienced management and operational team.
- Recruitment capability, domain knowledge and knowledge of labour regulations.
Strategies · as stated in the DRHP
- Leveraging its existing capabilities to increase its scale of operations and expansion of footprint outside India.
- Tendering for more toll plazas and targeting new clients in manpower services.
- Adoption of technologies to diversify its manpower services portfolio.
- Retain, strengthen and grow client base for integrated facility management services with a focus on deepening relationships with existing clients.
- Expansion into the Drone Training and Manufacturing Industry.
Risks · as stated in the DRHP
- The company has a large workforce deployed across workplaces and client premises, consequently its may be exposed to service-related claims and losses or employee disruptions that could have an adverse effect on its reputation, business, results of operations and financial condition.
- The company businesses are manpower intensive and its inability to attract and retain skilled manpower could have an adverse impact on its growth, business and financial condition.
- Operational risks are present in its business as it includes providing services in different business environments. A failures to manage such risks including any errors, defects or disruption in its service or inability to meet expected or agreed service standards, could have an adverse impact on its business, cash flows, results of operations and financial condition.
- Its business revenue from operations is concentrated in a few segments.
- The company relies on its top 10 clients for majority of its evenue. Any loss of such clients or a significant reduction in purchase by such clients may impact its business and financials.
- If the company fails to qualify for or win new contracts for toll plaza management and skill development segments its business, financial condition, results of operations, prospects and cash flows could be adversely affected.