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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 IPO Details
| IPO Date | January 22, 2024 to January 24, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹156 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 800,000 shares (aggregating up to ₹12.48 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹0.00 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 |
| Market Maker portion | 40,000 shares |
Brisk Technovision IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Brisk Technovision IPO Timeline (Tentative Schedule)
Brisk Technovision IPO opens on January 22, 2024, and closes on January 24, 2024.
| IPO Open Date | Monday, January 22, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
Brisk Technovision IPO Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹124,800 |
| Retail (Max) | 1 | 800 | ₹124,800 |
| HNI (Min) | 2 | 1,600 | ₹249,600 |
Brisk Technovision IPO Promoter Holding
The promoters of our company are Sankarnarayanan Ramasubramanian and ;Ganapati Chittaranjan Kenakre.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 59.99% |
Brisk Technovision Limited Financial Information (Restated)
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 |
| Revenue | 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 | ||||
Key Performance Indicator
The market capitalization of Brisk Technovision IPO is Rs 31.2 Cr.
| KPI | Values |
|---|---|
| ROE | 41.56% |
| ROCE | 54.71% |
| Debt/Equity | 0.03 |
| RoNW | 41.56% |
| P/BV | 0 |
Objects of the Issue (Brisk Technovision IPO Objectives)
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.
