Brisk Technovision IPO Details ( Brisk Technovision Limited IPO Review )
(23 Jan 2024 – 25 Jan 2024)
Established in March 2007, Brisk Technovision Limited is a company dedicated to providing technology solutions for businesses in India.
Our main focus is on offering a range of third-party hardware products like servers, desktops, personal computers, and laptops, along with third-party software tailored for Indian corporate clients. Additionally, we provide services such as designing, supplying, and installing data centers, managing enterprise networks, handling email systems, integrating systems, and offering annual maintenance contracts (AMC) for hardware and system upkeep, monitoring, and managed services. Over the past three financial years, we have expanded our services to better cater to our clients.
As of November 30, 2023, our team comprises 119 employees responsible for managing daily business operations, administration, legal matters, secretarial duties, and accounting functions in line with their designated roles.
Our diverse clientele includes prominent names like 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.
We take pride in our two prestigious certifications: Quality Management System and IT-Infrastructure Management, Information Security Services, and Data Centre Management Services. These certifications adhere to ISO standards ISO 9001:2015 and 20000:2013, respectively.
As of January 2024, we are debt-free and have maintained profitability through an asset-light business model for over a decade.
Brisk Technovision Limited IPO Competitive Strength
- Experienced Promoters and proven management team
- Our solutions are robust, trusted & Industry proven
- Providing a diverse range of hardware and software products across varied customer segments
- Well-trained employee base and their strong technical and execution capabilities
- A cash rich company which has been making profit every year for more than a decade
- Cost Advantage
Brisk Technovision IPO Financials Performance ( Results )
Brisk Technovision Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves |
| 31-Mar-21 | 562.52 | 1,691.02 | 14.51 | 0.73 | 198.07 | 197.07 |
| 31-Mar-22 | 661.82 | 2,207.63 | 109.54 | 5.48 | 307.64 | 107.64 |
| 31-Mar-23 | 679.73 | 1,840.30 | 198.90 | 9.94 | 478.54 | 278.54 |
| 30-Sep-23 | 1,423.40 | 1,577.27 | 152.48 | 7.62 | 631.02 | 431.02 |
Objective of Brisk Technovision IPO Issue
- The company won’t get any money from the Offer; instead, all the funds will go to the Selling Shareholders. By listing the Equity Shares, the company aims to bring about some positive changes like improving visibility and building a better brand image. This move is expected to enhance the company’s reputation and make it easier for Shareholders to sell their shares. Additionally, it will create a public market for the Equity Shares in India.
Brisk Technovision IPO Basic Details
| IPO Date | Jan 23, 2024 to Jan 25, 2024 |
| Listing Date | Wednesday, January 31, 2024 |
| Face Value | ₹10 per share |
| Price | ₹156 per share |
| Lot Size | 800 Shares |
| Issue Size | 800,000 shares of ₹10 (aggregating up to ₹12.48 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 |
| Company Promoters | Sankarnarayanan Ramasubramanian and Ganapati Chittaranjan Kenakre |
Brisk Technovision IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Brisk Technovision IPO Timetable
Brisk Technovision IPO will open on January 23, 2024 and close on January 25, 2024. You can join Brisk Technovision IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 23 January 2024 (Tuesday) |
| Closing Date | 25 January 2024 (Thursday) |
| Basis of Allotment | 29 January 2024 (Monday) |
| Initiation of Refunds | 30 January 2024 (Tuesday) |
| Credit of Shares to Demat | 30 January 2024 (Tuesday) |
| Listing Date | 31 January 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 25 January 2024 |
Brisk Technovision IPO Lot Size
For retail investors in Brisk Technovision IPO, 800 shares will come in 1 lot or the minimum investment will be ₹124,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹124,800.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹124,800 |
| Retail (Max) | 1 | 800 | ₹124,800 |
| S-HNI (Min) | 2 | 1600 | ₹249,600 |
Brisk Technovision IPO Promoter Holding
The company’s promoters include Sankarnarayanan Ramasubramanian and Ganapati Chittaranjan Kenakre.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 59.99% |
Brisk Technovision Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 31.20 |
| Earning Per Share (EPS) | ₹9.94 per Equity Share |
| Net Asset Value (NAV) | ₹23.93 per Equity Share |
| P/E Ratio (P/E) (x) | 15.69 |
| Post P/E Ratio (P/E) (x) | 10.23 |
| Return on Net Worth (RoNW) (%) | 54.71 |
| Return on equity (ROE) (%) | 41.56 |
| Return on Capital Employed (ROCE) (%) | 41.56 |
| Debt/Equity Ratio | 0.03 |
| Price/Book Value Ratio | 6.52 |
Brisk Technovision Ltd Peer Comparison
There are no listed companies in India that are comparable in all aspects of business and services that the Company provides. Hence, it is not possible to provide an industry comparison in relation to the Company.
Brisk Technovision IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹35 | – | – |
| 26 January 2024 | ₹35 | – | – |
| 25 January 2024 | ₹30 | – | – |
| 24 January 2024 | ₹25 | – | – |
| 23 January 2024 | ₹25 | – | – |
| 22 January 2024 | ₹0 | – | – |
| 21 January 2024 | ₹0 | – | – |
Brisk Technovision IPO Detail Video:
link
Brisk Technovision IPO Subscription Status (Bidding Detail)
The Brisk Technovision IPO on January 25, 2024 at 7:30:00 PM was subscribed 47.10 times, with the retail category being subscribed 35.87 times, the other category being subscribed 58.14 times.
| Category | Subscription |
| QIB | 58.14x |
| Retail | 35.87x |
| Total | 47.10x |
Brisk Technovision IPO Prospectus
| Brisk Technovision IPO DRHP | Download |
| Brisk Technovision IPO RHP | Download |
| Brisk Technovision IPO Anchor Investors Details PDF | Download |
Brisk Technovision IPO Rating
| Our Rating | 2.0/5.0 |
Brisk Technovision Company Contact Information
Brisk Technovision Limited
Registered Office: 135, Damji Shamji Industrial Premises CHS Limited, LBS Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India.
Website: www.brisk-india.com
E-Mail: secretarial@brisk-india.com
Telephone No: 022 2577 5648
Company Secretary and Compliance Officer: Mr. Shreyas Anil Haldankar
Corporate Identity Number: U72900MH2007PLC169441
Promoter of Our Company: Sankarnarayanan Ramasubramanian and Ganapati Chittaranjan Kenkare
Brisk Technovision IPO Registrar
KFin Technologies Limited
Registered Office: Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad 500032,
Telangana, India
Telephone: +91 40 6716 2222
E-mail: btl.ipo@kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221
CIN: L72400TG2017PLC117649
Brisk Technovision IPO Lead Manager
Sun Capital Advisory Services Private Limited
Registered Office: 302, 3rd Floor, Kumar Plaza, Near Kalina Market, Kalina Kurla Road, Santacruz East, Mumbai 400029, Maharashtra, India
Telephone: 022 6178 6000
E-mail: kinnari@suncapital.co.in
Website: www.suncapitalservices.co.in
Investor Grievance E-mail: investorgrievance@suncapital.co.in
Contact Person: Ms. Kinnari Mehta
SEBI Registration Number: INM000012591
CIN: U67190MH2006PTC159258
Brisk Technovision IPO FAQs
What is the lot size of Brisk Technovision IPO?
The total size of Brisk Technovision IPO is ₹12.48 crores and this is a complete offer for sale (OFS) Issue.
When will Brisk Technovision IPO start?
Brisk Technovision IPO will open from 23 January 2024 and IPO will close on 25 January 2024.
What is the open date of Brisk Technovision IPO?
Brisk Technovision IPO will open date from 23 January 2024.
What is the last date ( close date ) of Brisk Technovision IPO?
Brisk Technovision IPO will close from 25 January 2024.
What is the price band of Brisk Technovision IPO?
Brisk Technovision IPO price band is ₹156.
What is the minimum amount required to apply for Brisk Technovision IPO?
The minimum investment for retailers to apply for Brisk Technovision IPO is ₹124,800 and the maximum investment is ₹124,800.
What is going on gray market premium of Brisk Technovision IPO?
View gray market premium of Brisk Technovision IPO by Clicking Here
How much is the GMP of Brisk Technovision IPO?
Watch Brisk Technovision IPO GMP Today: Click Here
What is the allotment date of Brisk Technovision IPO?
The allotment date of Brisk Technovision IPO is 29 January 2024.
How to check allotment status in Brisk Technovision IPO?
To check the allotment status of Brisk Technovision IPO, first of all go to the registrar website by clicking here, select your bad Brisk Technovision IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Brisk Technovision IPO?
The listing date of Brisk Technovision IPO is 31 January 2024.
How much will be the listing gain in Brisk Technovision IPO?
View listing gain of Brisk Technovision IPO by Clicking Here
How much time Brisk Technovision IPO is subscribed?
Total 47.10 times subscribed in Brisk Technovision IPO out of which 35.87 times subscription was done in retail quota, 58.14 times subscription in other quota.
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How to apply for Brisk Technovision IPO from Angle One?
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