Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Tue, Jan 23, 2024 - Thu, Jan 25, 2024
Brisk Technovision IPO is a fixed price issue of ₹12.48 crores. The issue is entirely an offer for sale of 0.08 crore shares of ₹12.48 crore.
Brisk Technovision IPO bidding started from Jan 23, 2024 and ended on Jan 25, 2024. The allotment for Brisk Technovision IPO was finalized on Jan 29, 2024. The shares got listed on BSE SME on Jan 31, 2024.
Brisk Technovision IPO price is ₹156 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,24,800 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,49,600.
Sun Capital Advisory Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Brisk Technovision IPO RHP for detailed Information.
IPO Open
Tue, Jan 23, 2024
IPO Close
Thu, Jan 25, 2024
Issue Price
₹156 per share
Market Cap (Pre-IPO)
₹31.20 Cr
| IPO Date | 23 to 25 Jan, 2024 |
| Listed on | Wed, Jan 31, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹156 per share |
| Lot Size | 800 Shares |
| Sale Type | OFS only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,00,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 40,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.6240 Cr) |
| Offer for Sale | 7,60,000 shares of ₹10 (agg. up to ₹12 Cr) |
| Net Offered to Public | 7,60,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 20,00,000 shares |
| Share Holding Post Issue | 20,00,000 shares |
| BSE Script Code | 544101 |
| ISIN | INE0Q6L01014 |
Brisk Technovision IPO comprises a total issue size of 8,00,000 shares. The net offer to the public is 7,60,000 shares, after excluding 40,000 shares allotted on a firm basis. Of the Net offer 3,80,000 (50.00%) allocated to NII 3,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,80,000 | 50.00% | 47.50% |
| Retail Shares Offered | 3,80,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 40,000 | 5.00% | |
| Total Shares Offered | 8,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,24,800 |
| Retail (Max) | 1 | 800 | ₹1,24,800 |
| HNI (Min) | 2 | 1,600 | ₹2,49,600 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 14.23 | 6.80 | 6.62 | 5.63 |
| Total Income | 15.77 | 18.40 | 22.08 | 16.91 |
| Profit After Tax | 1.52 | 1.99 | 1.10 | 0.15 |
| NET Worth | 6.31 | 4.79 | 3.08 | 1.98 |
| Reserves and Surplus | 4.31 | 2.79 | 1.08 | 1.97 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 41.56% |
| ROCE | 54.71% |
| Debt/Equity | 0.03 |
| RoNW | 41.56% |
| PAT Margin | 10.86% |
| Price to Book Value | 6.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.95 | 15.25 |
| P/E (x) | 15.69 | 10.23 |
| Promoter Holding | 99.99% | 59.99% |
| Market Cap | ₹31.20 Cr. |
The Brisk Technovision IPO is subscribed 47.1 times on January 25, 2024 7:02:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 58.14 | 3,80,000 | 2,20,94,400 |
| Retail | 35.87 | 3,80,000 | 1,36,31,200 |
| Total | 47.1 | 7,60,000 | 3,57,96,800 |
Total Application : 22,186
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Commission/processing fee for SCSBs, Sponsor Banks and Banker to the Offer. Brokerage, commission and selling commission, Registered Brokers, RTAs and DPs | 0.05 |
| 2 | Printing and distribution of issue stationery | 0.02 |
| 3 | Fees Payable to Regulators including the BSE | 0.05 |
| 4 | Others (Expenses and fees payable for Marketing & distribution, Market Making, Underwriting, Peer Reviewed Auditor, Independent Chartered Accountant Firm, out of pocket and Miscellaneous expenses) | 1.23 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹156.00 |
| Open | ₹175.00 |
| Low | ₹166.25 |
| High | ₹183.75 |
| Last Trade | ₹183.75 |
Lead Manager Reports
Brisk Technovision IPO is a SME IPO of 8,00,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹156 per share. The minimum order quantity is 800.
The IPO opens on Tue, Jan 23, 2024, and closes on Thu, Jan 25, 2024.
Kfin Technologies Ltd. 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 Tue, Jan 23, 2024 and closes on Thu, Jan 25, 2024.
Brisk Technovision IPO lot size is 800, and the minimum amount required for application is ₹1,24,800.
You can apply in Brisk Technovision IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tue, Jan 30, 2024. Check the Brisk Technovision IPO allotment status.
The Brisk Technovision IPO listing date is on Wed, Jan 31, 2024.
