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.