Brisk Technovision IPO

Brisk Technovision IPO will open for subscription from 23 January 2024. The company aims for an issue size of ₹12.48 Cr through this IPO.

Company Overview

Full nameBrisk Technovision Limited
Company Website

About Company

 Brisk Technovision passionately engages in providing cutting-edge IT solutions tailored for its esteemed corporate clients. The core operations include (a) offering a diverse range of third-party hardware, encompassing servers, desktops, personal computers, and laptops, and (b) delivering advanced third-party software solutions to its discerning corporate partners in India.

The company also provides services related to the design, supply, and installation of data centers, enterprise networking management, email management, system integration, and Annual Maintenance Contracts (AMC) for hardware and system maintenance, monitoring, and managed services. In the past three fiscal years, the company has shifted its focus toward expanding its service portfolio. Currently, the majority of business operations, encompassing both Sales of Goods and Sales of Services, are concentrated in the state of Maharashtra.

As of 30 November 2023, Brisk Technovision employs over 100 professionals to manage daily business operations, including administrative, secretarial, legal, and accounting functions as per their designated roles.

The Objectives of the Issue

The company will not receive any proceeds from the Offer, and all such proceeds will go to the Selling Shareholders. The company expects that listing of the Equity Shares will have several positive effects, including enhancing the visibility and brand image. Moreover, it is anticipated that it will boost the company’s goodwill and provide liquidity to the Shareholders, and will also provide a public market for the Equity Shares in India.

Brisk Technovision IPO Timetable

IPO Opening date23 January 2024
IPO Closing25 January 2024
Basis of Allotment29 January 2024
Initiation Refund30 January 2024
Credit to Demat Account30 January 2024
Listing Date31 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on January 25, 2024)

Brisk Technovision IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹12.48 Cr – 800,000 shares
Fresh IssueNil
Offer for sale₹12.48 Cr – 800,000 shares
Face value₹10 per share
Offer Price₹156 per share
Lot size800 Shares
Market Maker portion40,000 shares
Shareholding pre-issue2,000,000
Shareholding post-issue2,000,000
Listing ExchangeBSE SME

Brisk Technovision IPO Lot Size

Retail (Min)1800₹124,800
Retail (Max)1800₹124,800
HNI (Min)21,600₹249,600

Brisk Technovision IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered40,000 (5.00%)
Other Shares Offered380,000 (47.50%)
Retail Shares Offered380,000 (47.50%)
Total Shares Offered800,000 (100%)

Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income0.151.101.991.52
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio15.69
RONW (%)7.3135.6141.56
ROCE (%)15.6447.7754.71
EBITDA (%)2.136.8114.42

Company Promoters

  • Sankarnarayanan Ramasubramanian
  • Ganapati Chittaranjan Kenakre.

Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding59.99%

Brisk Technovision IPO Lead Manager(s)

302, 3rd Floor, Kumar Plaza, Near Kalina Market,
Kalina Kurla Road, Santacruz East, Mumbai 400029, Maharashtra
022 6178 6000

Brisk Technovision Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222

Brisk Technovision Contact Details

135, Damji Shamji Industrial Premises CHS Limited,
LBS Marg, Vikhroli (West), Mumbai 400083, Maharashtra
Phone: 022 2577 5648

Brisk Technovision IPO Allotment Status

Brisk Technovision IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Brisk Technovision IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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