IPO

Brisk Technovision Limited IPO

BSE SME

Listed On: Jan 31, 2024 at ₹ 175.0

₹ 249600 /1600 Shares
*Min Investment

Check Allotment

23 Jan, 2024

Open Date

25 Jan, 2024

Close Date

29 Jan, 2024

Allotment Date

31 Jan, 2024

Listing Date
Brisk Technovision Limited IPO Issue Details
  • Issue Price ₹156 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 8,00,000 shares(aggregating up to ₹12.48 crore)
  • Offer For Sale 8,00,000 shares(aggregating up to ₹12.48 crore)
  • Listing at BSE SME
  • List Price 175.0
  • Listing Date 2024-01-31
  • Lead Manager Sun Capital Advisory Services (P) Ltd
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)1800₹1,24,800
Retail(max)1800₹1,24,800
NII (min) 21,600₹2,49,600
Brisk Technovision Limited IPO Reservation

Brisk Technovision Limited IPO offers total 800,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,380,000 (47.5%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered40,000 (5%)
Retail Shares Offered380,000 (47.5%)
Total Shares Offered800,000 (100%)
Brisk Technovision Limited IPO Documents
DRHP
RHP
Brisk Technovision Limited IPO Details


Brisk Technovision Limited IPO is an SME IPO, priced at ₹156 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 8,00,000 equity shares, aggregating up to ₹12.48 crores..

The IPO bidding window is open from Jan 23, 2024 to Jan 25, 2024. The allotment is expected to be finalized on Jan 29, 2024, and the tentative listing date is Jan 31, 2024.

The minimum lot size for Retail investors is 800 shares, with a minimum investment of ₹1,24,800. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,49,600.

Sun Capital Advisory Services (P) Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Nnm Securities Private Limited will act as the market maker for this issue.

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Brisk Technovision Limited IPO Subscription Analysis And Details
Retail
35.60x
Total
47.01x
As onQIB / NIIRetailTotal
Shares Offered / Reserved380,000380,000760,000
Day 1 23-01-24 06:00 PM
0.97 x2.29 x1.63 x
Day 2 24-01-24 06:00 PM
2.01 x6.21 x4.11 x
Day 3 25-01-24 06:00 PM
58.42 x35.60 x47.01 x
Total No of Applications
22,186
Brisk Technovision Limited Valuations
EPS Pre IPO ₹9.95/-
EPS Post IPO ₹15.25/-
P/E Pre IPO 15.69
P/E Post IPO 10.23
ROE 41.56%
ROCE 54.71%
Debt/Equity 0.03
RoNW 41.56%
Price to Book Value 6.52
Brisk Technovision Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets679.73661.82562.52
Revenue1,840.302,207.631,691.02
Profit After Tax198.90109.5414.51
Net Worth478.54307.64198.07
Reserves & Surplus278.54107.64197.07
About Brisk Technovision Limited Company

Brisk Technovision Limited, incorporated in March 2007, is a company specializing in providing information technology solutions to corporate clients in India.

The Company's business operations are mainly offering third-party hardware products like servers, desktops, personal computers, and laptops, as well as third-party software, to Indian corporate customers. In addition to this, they also offer design, supply, and installation of data centers, enterprise networking management, email management, system integration, and AMC for hardware and system maintenance, monitoring, and managed services. In the last three years of financial reports, the company has been shifting towards more service offerings.

Till November 30, 2023, the company had 119 staff to carry on day-to-day business functions including administration, legal, secretarial, and account handling according to the respective work assignment.

Some of the significant clients of the company include 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 received two certifications: Quality Management System and IT-Infrastructure Management, Information Security Services, and Data Centre Management Services. These are certified 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.

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Brisk Technovision Limited - Promoter(s)

Sankarnarayanan Ramasubramanian

Ganapati Chittaranjan Kenakre

Pre Issue Share Holding : 99.99%

Post Issue Share Holding : 59.99%

Brisk Technovision Limited IPO - Issue Objectives
1

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.

Contact Details

Brisk Technovision Limited

135, Damji Shamji Industrial Premises CHS Limited, LBS Marg, Vikhroli (West), Mumbai-400083

022 2577 5648

secretarial@brisk-india.com

https://brisk-india.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/