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 name | Brisk Technovision Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://brisk-india.com/ |
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 date | 23 January 2024 |
| IPO Closing | 25 January 2024 |
| Basis of Allotment | 29 January 2024 |
| Initiation Refund | 30 January 2024 |
| Credit to Demat Account | 30 January 2024 |
| Listing Date | 31 January 2024 |
Brisk Technovision IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹12.48 Cr – 800,000 shares |
| Fresh Issue | Nil |
| Offer for sale | ₹12.48 Cr – 800,000 shares |
| Face value | ₹10 per share |
| Offer Price | ₹156 per share |
| Lot size | 800 Shares |
| Market Maker portion | 40,000 shares |
| Shareholding pre-issue | 2,000,000 |
| Shareholding post-issue | 2,000,000 |
| Listing Exchange | BSE SME |
Brisk Technovision IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹124,800 |
| Retail (Max) | 1 | 800 | ₹124,800 |
| HNI (Min) | 2 | 1,600 | ₹249,600 |
Brisk Technovision IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 40,000 (5.00%) |
| Other Shares Offered | 380,000 (47.50%) |
| Retail Shares Offered | 380,000 (47.50%) |
| Total Shares Offered | 800,000 (100%) |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 16.86 | 22.05 | 18.31 | 15.67 |
| Expenses | 16.62 | 20.62 | 15.79 | 13.73 |
| Net income | 0.15 | 1.10 | 1.99 | 1.52 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.73 | 5.48 | 9.94 |
| PE ratio | – | – | 15.69 |
| RONW (%) | 7.31 | 35.61 | 41.56 |
| NAV | 9.90 | 15.38 | 23.93 |
| ROCE (%) | 15.64 | 47.77 | 54.71 |
| EBITDA (%) | 2.13 | 6.81 | 14.42 |
| Debt/Equity | 0.06 | 0.00 | 0.03 |
Company Promoters
- Sankarnarayanan Ramasubramanian
- Ganapati Chittaranjan Kenakre.
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 59.99% |
Brisk Technovision IPO Lead Manager(s)
SUN CAPITAL ADVISORY SERVICES PRIVATE LIMITED
302, 3rd Floor, Kumar Plaza, Near Kalina Market,
Kalina Kurla Road, Santacruz East, Mumbai 400029, Maharashtra
Phone: 022 6178 6000
Email: kinnari@suncapital.co.in
Website: www.suncapitalservices.co.in
Brisk Technovision Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: btl.ipo@kfintech.com
Website: www.kfintech.com
Brisk Technovision Contact Details
BRISK TECHNOVISION LIMITED
135, Damji Shamji Industrial Premises CHS Limited,
LBS Marg, Vikhroli (West), Mumbai 400083, Maharashtra
Phone: 022 2577 5648
E-mail: secretarial@brisk-india.com
Website: www.brisk-india.com
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
