Innovation Limited to enter the market with a fresh issue of ₹2550 million
Innovation Limited enters the stock market with a nationwide business
Innovation Limited, a nationwide provider of manpower services, toll plaza management, and skill development, is set to enter the capital markets. The company has set a price band of ₹521 to ₹548 per equity share for its maiden initial public offering (IPO).
The company’s initial public offering (IPO) will open for investment on Tuesday, March 10, 2026, and close on Thursday, March 12, 2026. Investors will be able to bid for a minimum of 27 equity shares and in multiples of 27 thereafter. The face value of each equity share has been set at ₹10. According to the company, the IPO is a combination of a fresh issue of ₹2,550 million and an offer-for-sale of 1,238,000 shares.
Innovision Limited is engaged in the business of providing manpower services, toll plaza management, and skill development training across the country. As of January 15, 2026, the company’s operations span across 23 states and 5 union territories. The company began its business with private security services and has expanded its service offerings over time to offer a wide range of manpower services. The company began providing skill development services in FY 2014 and entered the toll plaza management space in FY 2019. Under manpower services, the company provides private security services, integrated facility management, manpower sourcing, and payroll services.
In the toll plaza management space, the company provides user fee collection and related services at toll plazas on national highways. The company is also empanelled with the National Highways Authority of India to collect tolls at various toll plazas. Additionally, the company provides youth skill development training as a training partner under various central and state government schemes. These training programs cover a wide range of sectors, including management and entrepreneurship, media and entertainment, healthcare, telecommunications, electronics, beauty and wellness, construction, apparel, logistics, banking and financial services, and retail. The company’s objective is to provide industry-relevant skills to Indian youth, enabling them to gain better employment and livelihood opportunities.
Innovision Limited, through its wholly-owned subsidiary, Innovision International Private Limited, also provides recruitment, placement consultancy, and visa facilitation services. Through its subsidiary, Aerodrone Robotics, the company also offers remote pilot training courses for youth and professionals interested in drone operations. The company’s manpower services span diverse industries such as healthcare, warehousing and logistics, government departments, retail, and BFSI, while its skill development programs are playing a key role in strengthening the government’s skill development initiatives.
This IPO of Innovation Limited is considered to be an important step in the company’s growth journey, which can help in further expanding its scope and services in the future.