Innovision IPO GMP: Grey Market Premium and Listing Update
Everything you need to know about the Innovision IPO — price band ₹521–₹548, lot size, GMP, financials, and listing date on BSE & NSE.
Team Sahi
The Innovision IPO GMP (grey market premium) was at ₹0 ahead of its listing on March 17, 2026. This indicated that the grey market expected the stock to list at or near the issue price of ₹548.
Innovision IPO: Key Details at a Glance
| Detail | Information |
|---|---|
| IPO Open Date | March 10, 2026 |
| IPO Close Date | March 12, 2026 |
| Listing Date | March 17, 2026 |
| Price Band | ₹521 – ₹548 per share |
| Lot Size | 27 shares |
| Issue Size | ₹322.84 crore |
| GMP (Pre-Listing) | ₹0 (flat listing expected) |
| Exchange | BSE and NSE |
What Was the Innovision IPO GMP?
The grey market premium for Innovision IPO was ₹0 as of March 10, 2026. The GMP remained flat in the days leading up to listing. A GMP of ₹0 means the grey market was pricing the stock at ₹548 — the upper end of the issue price band.
Grey market activity suggested no significant premium or discount was expected at listing.
About Innovision Limited
Innovision Limited is a manpower services and facility management company. Its core services include:
- Security and guarding services
- Integrated Facility Management (IFM)
- Staffing and manpower outsourcing
The company operates across multiple Indian states. It serves clients in industries including banking, IT, retail, and real estate.
Innovision Financial Highlights (FY25)
| Metric | Value (FY25) |
|---|---|
| Revenue | ₹8,959 million |
| Return on Equity (ROE) | 19.55% |
| Business Type | Manpower and facility services |
Use of IPO Proceeds
Innovision Limited planned to use the IPO proceeds for two purposes:
- Working capital: To fund day-to-day operational requirements and business expansion.
- Debt repayment: To reduce outstanding borrowings and lower finance costs.
Innovision IPO Subscription Status
The IPO was open from March 10 to March 12, 2026. The subscription data was available on BSE and NSE after the close of the issue. Retail investors, qualified institutional buyers (QIBs), and non-institutional investors (NIIs) each had separate allocation quotas.
Allotment for the Innovision IPO was expected to be finalised before the listing date of March 17, 2026.
What Is GMP and Why Does It Matter?
GMP stands for Grey Market Premium. It is the price at which IPO shares trade in the unofficial grey market — before the official listing on BSE or NSE.
The grey market operates outside stock exchanges. It is unregulated. GMP is not a guarantee of the actual listing price.
GMP is calculated as follows:
- Expected listing price = Issue price + GMP
- If GMP is ₹0, the expected listing price equals the issue price.
- If GMP is ₹50, the expected listing price is issue price + ₹50.
Traders use GMP as a rough market sentiment indicator. A high positive GMP suggests strong demand. A GMP of ₹0 or negative suggests weak grey market interest.
Innovision IPO Listing Price Update
Innovision Limited listed on March 17, 2026. The pre-listing GMP of ₹0 indicated the stock was expected to debut at or near the issue price of ₹548. Investors can check the actual listing price on BSE and NSE using the company name or stock symbol.
Post-listing, the stock begins trading in the regular market segment. GMP data is no longer relevant once the stock is listed on the exchange.
Things to Know Before Reading GMP Data
- GMP is not a market forecast. It reflects grey market sentiment only.
- GMP can change multiple times per day based on supply and demand in the grey market.
- GMP data is not published by BSE, NSE, or SEBI. It comes from grey market intermediaries.
- A GMP of ₹0 does not mean a certain listing at issue price — actual listing prices can differ.
- SEBI does not regulate grey market activity. Participating in grey market trades carries legal and financial risks.