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Brisk Technovision Limited IPO
Brisk Technovision Ltd. (BTL) is engaged in the business of providing information technology solutions to corporate customers. The primary business of the Company is (a) to provide various third-party hardware products such as servers, desktops, personal computers and laptops as well as (b) third-party software to Indian corporate customers. It also offers other service offerings, which include services relating to the design, supply and installation of data centers, enterprise networking management, email management, system integration and annual maintenance contract (AMC) for hardware and system maintenance, monitoring and managed services.
In the last three financial years, it has begun to focus on offering more service offerings. Brisk Technovision IPO is a fixed price issue of Rs 12.48 crores. The issue comprises a fresh issue of Rs 0.00 crore and an offer for sale of 8 lakh shares. Brisk Technovision's IPO price is ₹156 per share. The minimum lot size for an application is 800 Shares. Sun Capital Advisory Services (P) Ltd is the book-running lead manager of the Brisk Technovision IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Brisk Technovision IPO is Nnm Securities.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Brisk Technovision Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Brisk Technovision Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 23, 2024 to January 25, 2024 |
| Listing Date | January 31, 2024 |
| 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 Nnm Securities |
Brisk Technovision Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, January 23, 2024 |
| IPO Close Date | Thursday, January 25, 2024 |
| Basis of Allotment | Monday, January 29, 2024 |
| Initiation of Refunds | Tuesday, January 30, 2024 |
| Credit of Shares to Demat | Tuesday, January 30, 2024 |
| Listing Date | Wednesday, January 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 25, 2024 |
Brisk Technovision Limited IPO Lot Size
| 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 Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 59.99% |
Competitive Strength:
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Brisk Technovision Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 1,423.40 | 1,577.27 | 152.48 | 631.02 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 679.73 | 1,840.30 | 198.90 | 478.54 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 661.82 | 2,207.63 | 109.54 | 307.64 | - | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 562.52 | 1,691.02 | 14.51 | 198.07 | - | - | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 41.56% |
| ROCE | 54.71% |
| Debt/Equity | 0.03 |
| RoNW | 41.56% |
| P/BV | 6.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.95 | 15.25 |
| P/E (x) | 15.69 | 10.23 |
Objectives of Brisk Technovision IPO
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, provide liquidity to the Shareholders and will also provide a public market for Equity Shares in India.
Brisk Technovision IPO Review
The company is operating in a highly competitive and fragmented segment of IT solutions and related services. Based on FY24 annualized super earnings, the issue appears fully priced. The sustainability of margins going forward is the major concern. This being a purely secondary issue, no funds are going to the company. There is no harm in skipping this pricey OFS.
DRHP:
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Frequently Asked Questions (FAQs)
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What Is The Allotment Date Of The Brisk Technovision IPO?
The allotment date of Brisk Technovision IPO is January 29, 2024.
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What Is The Price Band Of The Brisk Technovision IPO?
The Brisk Technovision IPO Company is going to issue shares at INR 156 per share.
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What Is The Size Of The Brisk Technovision IPO?
Brisk Technovision Limited,’ is launching an IPO. This offering comprises an offer to sell 8 lakh existing equity shares. The company aims to achieve the benefits of listing and enhance the visibility and the brand image.
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What Is The Listing Date Of The Brisk Technovision IPO?
The listing date of Brisk Technovision IPO is 31st January 2023.
