Brisk Technovision Limited IPO

Price
₹156
Lot
800
Subs.
47.1
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 22-Jan-2024
Close Date: 24-Jan-2024
Allotment Date: 25-Jan-2024
Listing Date: 30-Jan-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹156 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹124,800 : HNI - ₹249,600
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved380,000380,000760,000
Day 1 - 23-01-24 
05:00 PM
0.97x2.29x1.63x
Day 2 - 24-01-24 
05:00 PM
2.01x6.21x4.11x
Day 3 - 25-01-24 
05:00 PM
58.14x35.87x47.10x
Total No. of Application:22,186 (Approx.)
Retail Subscription on the basis of Apps:46.71x
Valuations

Earning Per Share(EPS)9.95/-
P/E Ratio15.69
RoNW41.56%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20231,423.401,577.27152.48
31 Mar,2023679.731,840.30198.90
31 Mar,2022661.822,207.63109.54
31 Mar,2021562.521,691.0214.51
Promoter(s)

Pre Issue Share Holding99.99%
Post Issue Share Holding59.99%
Company Promoter(s)
1. Sankarnarayanan Ramasubramanian
2. Ganapati Chittaranjan Kenakre
Issue Objective(s)

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.

About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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