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 IPO – Details
| IPO Opening Date | 23 January 2024 |
| IPO Closing Date | 25 January 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 8,00,000 Shares Worth ₹12.48 Crore Offer For Sale: 8,00,000 Shares Worth ₹12.48 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹156 |
| Market Lot | 800 Shares |
| Min Order | 800 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Brisk Technovision IPO – Date Schedule
| IPO Open Date | 23 January 2024 |
| IPO Close Date | 25 January 2024 |
| Basis of Allotment | 29 January 2024 |
| Initiation of Refund | 30 January 2024 |
| Credit of Shares to Demat Account | 30 January 2024 |
| IPO Listing Date | 31 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 25 January 2024 |
Brisk Technovision IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 800 | 1,24,800 |
| Retail (Maximum) | 1 | 800 | 1,24,800 |
| HNI (Minimum) | 2 | 1600 | 2,49,600 |
Competitive Strengths
- Experienced Promoters and proven management team;
- Company’s 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; and
- A cash-rich company which has been making a profit every year for more than a decade.
Company Promoters
- Sankarnarayanan Ramasubramanian
- Ganapati Chittaranjan Kenakre.
Object Of The Issue
- 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 16.91 | 16.61 | 0.14 | 1.97 |
| 31 March 2022 | 22.07 | 20.62 | 1.09 | 1.07 |
| 31 March 2023 | 18.40 | 15.78 | 1.98 | 2.78 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 41.56% |
| ROCE | 54.71% |
| Debt/Equity | 0.03 |
| RoNW | 41.56% |
| P/BV | 0 |
Brisk Technovision IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 59.99% |
Brisk Technovision IPO Prospectus
Company Contact Information
| Brisk Technovision Limited 135, Damji Shamji Industrial Premises CHS Limited, LBS Marg, Vikhroli (West), Mumbai-400083, Phone: 022 2577 5648 Email: secretarial@brisk-india.com Website: https://brisk-india.com/ |
Brisk Technovision IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: btl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Brisk Technovision IPO Lead Manager(s)
| 1. Sun Capital Advisory Services (P) Ltd |
Brisk Technovision IPO FAQs
| What is Brisk Technovision IPO? Brisk Technovision IPO is a SME IPO. The issue is priced at ₹156 per equity share. The IPO is to be listed on BSE SME. |
| When Brisk Technovision IPO will open? The IPO is to open on 23 January 2024 for NII – 50% and Retail – 50% Investors. |
| How to Brisk Technovision IPO? You can apply Brisk Technovision IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Brisk Technovision IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Brisk Technovision”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Brisk Technovision IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Brisk Technovision”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Brisk Technovision IPO Size? Brisk Technovision IPO size is ₹12.48 crores. |
| What is Brisk Technovision IPO Price Band? Brisk Technovision IPO Price Band is ₹156. |
| What is Brisk Technovision IPO Minimum and Maximum Lot Size (Retail)? The minimum bid is 800 Shares with ₹1,24,800 amount while the maximum bid is 800 shares with ₹1,24,800. |
| What is the Brisk Technovision IPO Allotment Date? Brisk Technovision IPO allotment date is 29 January 2024. |
| What is the Brisk Technovision IPO Listing Date? Brisk Technovision IPO listing date is 31 January 2024. The IPO is to be listed on BSE SME. |
