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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 ₹156.00 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). The minimum lot size investment for 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 Date | January 23, 2024 to January 25, 2024 |
| Listing Date | January 31, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹156 per share |
| Lot Size | 800 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 8,00,000 shares (aggregating up to ₹12.48 Cr) |
| Reserved for Market Maker | 40,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.6240 Cr) |
| Net Offered to Public | 7,60,000 shares (aggregating up to ₹11.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 20,00,000 shares |
| Share Holding Post Issue | 20,00,000 shares |
Brisk Technovision IPO offers total 8,00,000 shares. Out of which 3,80,000 (47.50%) allocated to NII, 3,80,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 40,000 (5.00%) |
| NII (HNI) Shares Offered | 3,80,000 (47.50%) |
| Retail Shares Offered | 3,80,000 (47.50%) |
| Total Shares Offered | 8,00,000 (100.00%) |
Brisk Technovision IPO opens on January 23, 2024, and closes on January 25, 2024.
| IPO Open Date | Tue, Jan 23, 2024 |
| IPO Close Date | Thu, Jan 25, 2024 |
| Tentative Allotment | Mon, Jan 29, 2024 |
| Initiation of Refunds | Tue, Jan 30, 2024 |
| Credit of Shares to Demat | Tue, Jan 30, 2024 |
| Tentative Listing Date | Wed, Jan 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 25, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹31.20 Cr.
| KPI | Values |
|---|---|
| ROE | 41.56% |
| ROCE | 54.71% |
| Debt/Equity | 0.03 |
| RoNW | 41.56% |
| Price to Book Value | 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...
| Listing Date | January 31, 2024 |
| BSE Script Code | 544101 |
| NSE Symbol | |
| ISIN | INE0Q6L01014 |
| Final Issue Price | ₹156 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹156.00 |
| Open | ₹175.00 |
| Low | ₹166.25 |
| High | ₹183.75 |
| Last Trade | ₹183.75 |
Brisk Technovision Ltd.
135, Damji Shamji Industrial Premises CHS Limited,
LBS Marg, Vikhroli (West),
Mumbai-400083,
Mumbai, Maharashtra
Phone: 022 2577 5648
Email: secretarial@brisk-india.com
Website: https://brisk-india.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email:
Website: https://ipostatus.kfintech.com/
Brisk Technovision IPO is a SME IPO of 8,00,000 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.
The IPO opens on January 23, 2024, and closes on January 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 January 23, 2024 and closes on January 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 Tuesday, January 30, 2024. Check the Brisk Technovision IPO allotment status.
The Brisk Technovision IPO listing date is on Wednesday, January 31, 2024.
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