Brisk Technovision Limited IPO

BSE SME

Listed On: Jan 31, 2024 at ₹ 175.0

₹ 124800 /800 Shares

Check Allotment

Brisk Technovision Limited IPO Details

23 Jan, 2024

Open Date

25 Jan, 2024

Close Date

29 Jan, 2024

Allotment Date

31 Jan, 2024

Listing Date

Issue Price

₹156 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Kfin Technologies Limited

List Price

175.0

Listing Date

2024-01-31

Market Lot

800 Shares (₹124,800/-)

Lead Manager

Sun Capital Advisory Services (P) Ltd

Issue Size

OFS : 800,000 shares(aggregating up to ₹12.48 Cr)

Retail Portion

50%

Subscription

47.01 times

IPO Docs

DRHP RHP

Brisk Technovision Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	380,000	380,000	760,000
Day 1 - 23-01-24 06:00 PM	0.97 x	2.29 x	1.63 x
Day 2 - 24-01-24 06:00 PM	2.01 x	6.21 x	4.11 x
Day 3 - 25-01-24 06:00 PM	58.42 x	35.60 x	47.01 x

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

RoNW

41.56%

Brisk Technovision Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	679.73	661.82	562.52
Revenue	1,840.30	2,207.63	1,691.02
Profit After Tax	198.90	109.54	14.51

About The Company

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 - Promoter(s)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: 59.99%

Company Promoter(s)

Sankarnarayanan Ramasubramanian
Ganapati Chittaranjan Kenakre

Brisk Technovision Limited IPO - Issue Objectives

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 Limited IPO - FAQs

Ans. Brisk Technovision Limited IPO is a SME IPO. The issue is priced at ₹156 per equity share. The minimum order quantity is 800 Shares. The IPO opens on Jan 23, 2024, and closes on Jan 25, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Brisk Technovision Limited IPO opens on Jan 23, 2024 and closes on Jan 25, 2024.

Ans. The size of Brisk Technovision Limited IPO is OFS : 800,000 shares(aggregating up to ₹12.48 Cr).

Ans. The IPO price band is set between ₹156 per equity share.

Ans. To apply for Brisk Technovision Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Brisk Technovision Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Brisk Technovision Limited IPO is Jan 29, 2024.

Ans. The Brisk Technovision Limited IPO will be listed on Jan 31, 2024.

Ans. Follow the steps to check the allotment status for Brisk Technovision Limited IPO here.