Innovision IPO

Company Details

We are in the business of providing manpower services, toll plaza management and skill development training to our clients across India. As on June 30, 2024, we have our operations in 22 states and 5 union territories of India. We started our business with a single service domain of providing manned private security services to our clients in the year 2007 and have gradually diversified our business to provide a suite of manpower services. We 178 commenced offering skill development services from Fiscal 2014 and toll plaza management services from Fiscal 2019.

Our business of manpower services focuses on providing manned private security services, integrated facility management (“IFM”) services, manpower sourcing and payroll services. Our toll plaza management operations comprise of user fee collection and other related services on toll plazas awarded to us by the relevant authority, subsequent to a tender based competitive bidding process. Furthermore, we are also empanelled with NHAI for toll collection services at its various toll plazas.

In addition, we also provide skill development training as a training partner for various Central and State Government schemes. We provide skill training to Indian youth to enable them to acquire industry relevant skill that will help them in securing a better livelihood. Through our wholly owned subsidiary, Innovision International Private Limited (“Innovision International”), we provide services in respect of recruitment, placement consultancy and visa facilitation services. We also provide remote pilot training courses to enthusiasts and budding drone-operations through our subsidiary, Aerodrone Robotics Private Limited (“Aerodrone”).

Our manpower services spans diversified industries and sectors such as healthcare, warehousing and logistics, government departments, retail and BFSI. The skill development focuses on government initiatives for skill development. Toll plazas segment comprises undertaking user fee collection at toll plazas on national highways.

As at June 30, 2024, we served more than 200 clients across various sectors and rendered our services at more than 1,500 client premises. Our portfolio of manpower services and a diverse client base have enables us to design and deliver a range of solutions suited to the specific needs of our clients. Some of our key clients include Max Healthcare Limited, Stellar Value Chain and Sequel Logistics. Through our subsidiary, Innovision International, we are also providing services in respect of recruitment, placement and consultancy and visa services. Innovision International has also obtained the Regulated Canadian Immigration Consultant (“RCIC”) certification through collaboration with a Canadian agency.

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  • Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
  • Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
  • Click on the Current IPO tab and select the IPO of your choice.
  • On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
  • Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
  • Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
  • Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
  • Log in to your UPI app and go to the pending mandates section.
  • Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
  • Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

  • Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
  • From the list of Active IPOs, select the IPO of your choice
  • On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
  • Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
  • Recheck the details on the order confirmation screen and confirm the order.
  • Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
  • Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
  • Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
  • Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

Why trade in Futures and Options?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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FAQs

Yes. IPO & Bonds will reflect in the portfolio.

In case the allotment is not done then bank will unblock the application money from the bank accounts upon receiving instructions from the Registrar.

Bidding time will be till 1200 hrs on the closing day of the issue.

Your bank should be a part of the ASBA participating bankers. Click here to check the list of banks.

Yes, you will receive a sms once the IPO form is processed.

BSE IPO index to track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO).

This report provides the debit/credit entry of all the transfers done in the IPO and MF account

Click here to check the status of your IPO application

This product is a Loan Facility offered for applying in Primary Market Issues (IPOs and FPOs). With this product Investors can apply for IPOs by investing only Margin amount (specified for each IPO separately).

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