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Brisk Technovision IPO is a fixed price issue of Rs 12.48 crores. The issue comprises of fresh issue of Rs 0.00 crore and offer for sale of 8 lakh shares.
Brisk Technovision IPO bidding started from January 23, 2024 and ended on January 25, 2024. The allotment for Brisk Technovision IPO was finalized on Monday, January 29, 2024. The shares got listed on BSE SME on January 31, 2024.
Brisk Technovision IPO price is ₹156 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹249,600.
Sun Capital Advisory Services (P) Ltd is the book running lead manager of the Brisk Technovision IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Brisk Technovision IPO is Nnm Securities.
Refer to Brisk Technovision IPO RHP for detailed information.
| IPO Date | January 23, 2024 to January 25, 2024 |
| Listing Date | January 31, 2024 |
| Face Value | ₹10 per share |
| Price | ₹156 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 800,000 shares (aggregating up to ₹12.48 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹0.00 Cr) |
| Offer for Sale | 800,000 shares of ₹10 (aggregating up to ₹12.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,000,000 |
| Share holding post issue | 2,000,000 |
| Market Maker portion | 40,000 shares Nnm Securities |
Brisk Technovision IPO offers 800,000 shares. 380,000 (47.50%) to NII, 380,000 (47.50%) to RII.
| 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%) |
Brisk Technovision IPO opens on January 23, 2024, and closes on January 25, 2024.
| IPO Open Date | Tuesday, January 23, 2024 |
| IPO Close Date | Thursday, January 25, 2024 |
| Basis of Allotment | Monday, January 29, 2024 |
| Initiation of Refunds | Tuesday, January 30, 2024 |
| Credit of Shares to Demat | Tuesday, January 30, 2024 |
| Listing Date | Wednesday, January 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 25, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹124,800 |
| Retail (Max) | 1 | 800 | ₹124,800 |
| HNI (Min) | 2 | 1,600 | ₹249,600 |
| Lot Size Calculator | |||
The promoters of our company are Sankarnarayanan Ramasubramanian and ;Ganapati Chittaranjan Kenakre.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 59.99% |
Incorporated in March 2007, Brisk Technovision Limited is a company that specializes in providing information technology solutions to corporate clients in India.
The company's main focus is to offer third-party hardware products such as servers, desktops, personal computers, and laptops, as well as third-party software to Indian corporate customers. In addition, they also provide other services including 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. Over the last three financial years, the company has shifted its focus towards offering more service offerings.
As of November 30, 2023, the company has 119 employees to manage daily business operations, administration, legal, secretarial, and accounting functions according to their designated duties.
The clients of the company includes Saraswat Bank, Ipca Laboratories, DNS bank, Ambarnath Jaihind Co Op Bank, Bharat Gears, SVC Bank, Inox Air Products, Union Bank of India, Siro, Wockhardt, Zoroastrian Bank, Asian Heart Institute and New Bombay Hospital.
The company has been awarded two certifications: Quality Management System and IT-Infrastructure Management, Information Security Services, and Data Centre Management Services. These certifications are by ISO standards ISO 9001:2015 and 20000:2013, respectively.
As of January 2024, the company has no debt. The company has been profitable with an asset-light business model for over a decade.
Brisk Technovision Limited's revenue decreased by -16.64% and profit after tax (PAT) rose by 81.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,423.40 | 679.73 | 661.82 | 562.52 |
| Revenue | 1,577.27 | 1,840.30 | 2,207.63 | 1,691.02 |
| Profit After Tax | 152.48 | 198.90 | 109.54 | 14.51 |
| Net Worth | 631.02 | 478.54 | 307.64 | 198.07 |
| Reserves and Surplus | 431.02 | 278.54 | 107.64 | 197.07 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Brisk Technovision IPO is Rs 31.2 Cr.
| KPI | Values |
|---|---|
| ROE | 41.56% |
| ROCE | 54.71% |
| Debt/Equity | 0.03 |
| RoNW | 41.56% |
| P/BV | 6.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.95 | 15.25 |
| P/E (x) | 15.69 | 10.23 |
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.
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of IT solutions and related services. Based on FY24 annualized super earnings, the issue appears fully priced. The sustainability of margins going forward is the major concern. This being a pure secondary issue, no funds are going to company. There is no harm in skipping this pricey OFS. Read detail review...
The Brisk Technovision IPO is subscribed 47.10 times on January 25, 2024 7:02:00 PM. The public issue subscribed 35.87 times in the retail category, times in the QIB category, and 58.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 58.14 |
| Retail | 35.87 |
| Total | 47.10 |
Total Application : 22,186 (46.71 times)
| Listing Date | January 31, 2024 |
| BSE Script Code | 544101 |
| NSE Symbol | |
| ISIN | INE0Q6L01014 |
| Final Issue Price | ₹156 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹156.00 |
| ₹175.00 |
| ₹166.25 |
| ₹183.75 |
| ₹183.75 |
Brisk Technovision Limited
135, Damji Shamji Industrial Premises CHS Limited,
LBS Marg, Vikhroli (West),
Mumbai-400083,
Phone: 022 2577 5648
Email: secretarial@brisk-india.com
Website: https://brisk-india.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email:
Website: https://kosmic.kfintech.com/ipostatus/
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Brisk Technovision IPO is a SME IPO of 800,000 equity shares of the face value of ₹10 aggregating up to ₹12.48 Crores. The issue is priced at ₹156 per share. The minimum order quantity is 800 Shares.
The IPO opens on January 23, 2024, and closes on January 25, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Brisk Technovision IPO using UPI as a payment gateway. Zerodha customers can apply in Brisk Technovision IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Brisk Technovision IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Brisk Technovision IPO opens on January 23, 2024 and closes on January 25, 2024.
Brisk Technovision IPO lot size is 800 Shares, and the minimum amount required is ₹124,800.
You can apply in Brisk Technovision IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Brisk Technovision IPO will be done on Monday, January 29, 2024, and the allotted shares will be credited to your demat account by Tuesday, January 30, 2024. Check the Brisk Technovision IPO allotment status.
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