Brisk Technovision IPO
The initial public offering (IPO) of Brisk Technovision will open for subscription on January 22 and close on January 24, it is an offer for sale (OFS) issue of Rs. 12.48 crore. An investor can apply for the issue for a minimum of 800 shares and the listing will happen on January 30, 2024.
#1. Quick Intro to Brisk Technovision
Brisk Technovision Limited (2007) is engaged in providing IT solutions, and third-party hardware products like servers, desktops, personal computers, laptops, and related products.
Services including design, supply, and installation of data centres, enterprises networking management, email management systems, hardware, AMC, etc.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Brisk Technovision
The company intends to use the IPO Funds for the following purposes:
- Utilization of the offer proceeds by the selling shareholders.
- Offer related expenses.
#3. Brisk Technovision Core Strengths
- Experienced Promoters and proven management team.
- Company 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.
#4. Brisk Technovision IPO Review & Rating
| Issue Size | Rs.12.48 Crore |
| Issue Price | Rs.156 per share |
| Minimum Lot Size | 800 Shares |
| Total Profit (March 2023) | Rs.198.90 (lakhs) |
| ROE | 41.56% |
| ROCE | 54.71% |
| Listing on | BSE SME |
| IPO Deliver Rating | One |
#5. Brisk Technovision IPO Dates, Price Band & Details
Brisk Technovision IPO will open on January 22, 2024, and close on January 24, 2024. The IPO is to be listed on January 30, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs. 12.48 Crore |
| Price Brand | Rs.156 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | January 22, 2024 |
| IPO Close Date | January 24, 2024 |
| IPO Allotment Date | January 25, 2024 |
| Refund Date | January 29, 2024 |
| Share Credit Date | January 29, 2024 |
| Listing Date | January 30, 2024 |
#6. Brisk Technovision IPO Offer Details
Brisk Technovision IPO’s total issue size is 8,00,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | – | – |
| Offer for Sale (OFS) | 8,00,000 | 12.48 |
#7. Brisk TechnovisionFinancials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 1,831.03 | 2,204.53 | 1,685.57 |
| Net Worth | 478.54 | 307.64 | 198.07 |
| Profit | 198.90 | 109.54 | 14.51 |
| Total Borrowings | 12.96 | – | 12.15 |
#8. Brisk Technovision Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 9.94 | 5.48 | 0.73 |
| RoNW (%) | 41.56 | 35.61 | 7.33 |
| NAV (Rs.) | 23.93 | – | – |
#9. Brisk Technovision Comparison with Other Peer Companies
No listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs)) |
RoNW (%) | NAV (Rs.) |
| – | – | – | – |
| – | – | – | – |
#10. Brisk Technovision Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Sankaranarayana Ramasubramanian |
| 02. | Ganapati Chittaranjan Kenkare |
#11. Brisk Technovision Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 99.99 |
| Post-issue | 59.99 |
#12. Brisk Technovision IPO Reservation Details
Brisk Technovision IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Share Offered | 50% of the issue size |
| Other Share Offered | 50% of the issue size |
#13. Brisk Technovision IPO – Lot Size
An investor can apply for a minimum of 800 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 800 | 1,24,800 |
| Retail (Max.) | 1 | 800 | 1,24,800 |
| HNI (Min.) | 2 | 1,600 | 2,49,600 |
| HNI (Max.) | – | – | – |
#14. Brisk Technovision IPO – Prospectus Copy
An investor can download/view the Brisk Technovision prospectus copy, which the company filed to Exchange, details are as follows.
| Brisk Technovision IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Brisk Technovision IPO Registrar
Kfin Technologies Limited
Phone No.: +91-4067162222
E-Mail: btl.ipo@kfintech.com
Website: www.kfintech.com
#16. Brisk Technovision IPO Lead Manager
Sun Capital Advisory Services Private Limited
Phone No.: +91-022-6178600
E-Mail: kinnari@suncapital.co.in
Website: www.suncapital.co.in
#17. Brisk Technovision IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Brisk Technovision IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Brisk Technovision Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Brisk Technovision Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Brisk Technovision Company Details
Brisk Technovision (India) Limited
Registered Office: 135, Damji Shamji Industrial Premises CHS Limited, LBS Marg, Vikhroli (West), Mumbai 400083, Maharashtra
Phone No: +91-022-25775648
Email: secretarial@brisk-india.com
Website: www.brisk-india.com
Investor Grievances/Compliance Officer: Shreyas Anil Haldankar
#19. Brisk Technovision Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Brisk Technovision Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Sankaranarayana Ramasubramanian |
| 02. | Ganapati Chittaranjan Kenkare |
Brisk Technovision IPO – Frequently Asked Questions (FAQs)
| #1. What is a Brisk Technovision IPO?
Brisk Technovision brings its IPO of Rs. 12.48 Crore, on January 22, 2024, with a price band of Rs.156 per share. |
| #2. What is the Brisk Technovision IPO Open date?
Brisk Technovision IPO’s opening date is January 22, 2024. |
| #3. What is the Brisk Technovision IPO Close Date?
Brisk Technovision IPO’s closing date is January 24, 2024. |
| #4. What is the Brisk Technovision IPO Listing date?
Brisk Technovision’s IPO listing date is January 30, 2024. |
| #5. What is the Brisk Technovision IPO Minimum investment amount?
Brisk Technovision IPO’s minimum investment amount is Rs. 1,24,800. |
| #6. What is the Brisk Technovision IPO offer issue Size?
Brisk Technovision offers an issue size of Rs. 12.48 Crore. |
| #7. What is the Brisk Technovision IPO Price Band?
Brisk Technovision’s IPO price band is Rs.156 per share. |
| #8. Is Brisk Technovision IPO mainboard IPO or SME IPO?
Brisk Technovision IPO is an SME IPO. |
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