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 | 8,00,000 shares (aggregating up to ₹ 12.48 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹ 0.00 Cr) |
| Offer for Sale | 8,00,000 shares of ₹10 (aggregating up to ₹ 12.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 20,00,000 |
| Share holding post issue | 20,00,000 |
| Market Maker portion | 40,000 shares Nnm Securities |
About 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.
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.
Brisk Technovision Limited IPO Financial Information
Latest Revenue
1,577.27
₹ Crore
Profit After Tax
152.48
₹ Crore
Net Worth
631.02
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | 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 | |||||||||
Brisk Technovision Limited 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 |
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Competitive Strengths
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Brisk Technovision Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹124,800 |
| Retail (Max) | 1 | 800 | ₹124,800 |
| HNI (Min) | 2 | 1,600 | ₹249,600 |