Brisk Technovision Limited IPO Detail
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 of its service offerings.
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.
Company Promoters
Sankarnarayanan Ramasubramanian and Ganapati Chittaranjan Kenakre.IPO Details
| IPO Opening Date | Jan 23, 2024 |
| IPO Closing Date | Jan 25, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹156 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | BSE SME |
| Issue Size | ₹12.48 Cr |
| Fresh Issue | - |
| Offer for Sale | ₹12.48 Cr |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 2 | 0.00x | - | - | 0.97x | 2.29x | 1.63x |
| Day 3 | 0.00x | - | - | 2.01x | 6.21x | 4.11x |
| Day 4 | 0.00x | - | - | 58.14x | 35.87x | 47.10x |
IPO Tentative Timetable
The Brisk Technovision Limited IPO open date is Jan 23, 2024, and the close date is Jan 25, 2024. The issue may list on Jan 31, 2024.
| IPO Open Date | Jan 23, 2024 |
| IPO Close Date | Jan 25, 2024 |
| Basis of Allotment Date | Jan 29, 2024 |
| Initiation of Refunds | Jan 30, 2024 |
| Credit of Shares to Demat Account | Jan 30, 2024 |
| IPO Listing Date | Jan 31, 2024 |
IPO Lot Size
The Brisk Technovision Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹124800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹124800 |
| Maximum | 1 | 800 | ₹124800 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 59.99% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 562.52 | 1691.02 | 14.51 |
| 31-Mar-22 | 661.82 | 2207.63 | 109.54 |
| 31-Mar-23 | 679.73 | 1840.30 | 198.90 |
| 30-Sep-23 | 1423.40 | 1577.27 | 152.48 |
Objects 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.Brisk Technovision Limited IPO Registrar:
KFin Technologies Limited
Brisk Technovision Limited IPO Lead Manager(s):
Sun Capital Advisory Services (P) Ltd
Company Contact Information:
Brisk Technovision Limited
135, Damji Shamji Industrial Premises CHS Limited,
LBS Marg, Vikhroli (West),
Mumbai-400083,
