22-Jan-2024
2 mins read
Brisk Technovision Limited 2024 will be open for subscription from January 23, 2024 Tuesday to January 25, 2024 Thrusday. The price is set at Rs 156 per share. The minimum lot size of this IPO application is 800 shares. However, the minimum lot size for the HNI category is 1600 shares. The minimum amount of investment required for retail investors is Rs 1,24,800. (156 x 800 shares). However for HNI category the minimum investment amount is required Rs 2,49,600 (156 x 1600 shares). Brisk Technovision IPO is the fixed price IPO of Rs 12.48 crore. The allotment of this IPO is expected to be finalized on Monday, January 29, 2024. It will get listed on BSE SME with a tentative listing date fixed on Wednesday, January 31, 2024. The book running lead manager of this IPO is Sun Capital Advisory Services Private Limited. While the registrar for this issue is Kfin Technologies Limited and the market maker of this issue is Nnm Securities.
About Brisk Technovision Limited
Brisk Technovision Limited is engaged in the business of I.T solutions to corporate customers. The main business of the company is to provide various third party hardware products such as desktops, laptops, servers, personal computers. Also they provide third party softwares to Indian corporate customers. Moreover they also offer services relating to the design, supply, installation of the data centers, enterprise networking management and system integration, email management. Services of Brisk Technovision also include an annual maintenance contract for hardware and system maintenance, monitoring and managed services. The company has business relations with several original Equipment manufacturers through which they can provide end to end services. The team can integrate all components of the hardware, solution application software and networking environment. Brisk strategic business relations with major OEMs of IT projects gives the strength to provide quality products and services to their customers.
Objectives of Brisk Technovision Limited IPO 2024
The main objective of this issue is to enhance the visibility and brand image. Company management thinks that the listing of their equity shares in BSE SME will have several positive effects. Furthermore, this listing may build goodwill and many other corporate customers may get to know about the Brisk Technovision services. However, the company will not receive any funds from this issue, all the proceeds will go to the selling shareholders.
Financial Performance of Brisk Technovision Limited
Brisk Technovision Limited’s revenue decreased by -16.64% and profit after tax increased by 81.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 198.9 | 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 |
| Amt in Lakhs |
Other Important Details of Brisk Technovision Limited IPO
| IPO Date | January 23, 2024 to January 25, 2024 |
| Listing Date | 31-Jan-24 |
| Face Value | ₹10 per share |
| Price | ₹156 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 800,000 shares (amounting to ₹12.48 Cr) |
| Fresh Issue | [.] shares (amounting to ₹0.00 Cr) |
| Offer for Sale | 800,000 shares of ₹10 (amounting to ₹12.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 2,000,000 |
| Shareholding post issue | 2,000,000 |
| Market Maker portion | 40,000 shares Nnm Securities |
Lot Size of Brisk Technovision Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹124,800 |
| Retail (Max) | 1 | 800 | ₹124,800 |
| HNI (Min) | 2 | 1,600 | ₹249,600 |
IPO Reservation of Brisk Technovision Limited
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Promoters of Brisk Technovision Limited IPO
The promoters of our company are Sankarnarayanan Ramasubramanian and Ganapati Chittaranjan Kenakre.
Promoter Holdings of Brisk Technovision Limited IPO 2024
| Shareholding Pre Issue | 99.99% |
| Shareholding Post Issue | 59.99% |
Key Performance Indicator of Brisk Technovision Limited IPO 2024
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 |
Lead Manager(s) of Brisk Technovision Limited IPO 2024
The lead manager for Brisk Technovision Limited IPO is Sun Capital Advisory Services Private Limited (Past IPO Performance)
How to Apply for Brisk Technovision Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Brisk Technovision Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Brisk Technovision Limited IPO 2024
The registrar for Brisk Technovision Limited IPO is Kfin Technologies Limited. To check your allotment status, please click on this link https://ris.kfintech.com/ipostatus/
FAQs
- What is the Brisk Technovision Limited IPO 2024?
Brisk Technovision IPO is the fixed price IPO of Rs 12.48 crore. The allotment of this IPO is expected to be finalized on Monday, January 29, 2024. It will get listed on BSE SME with a tentative listing date fixed on Wednesday, January 31, 2024.
- Who are the lead managers for the Brisk Technovision Limited IPO 2024?
Sun Capital Advisory Services Private Limited are appointed as the lead managers for the IPO.
- What is the role of Kfin Technologies Limited in this IPO?
Kfin Technologies Limited is the registrar for the Brisk Technovision Limited handling the IPO’s administrative aspects.
- How can I apply for the Brisk Technovision Limited IPO 2024?
The public subscription of this IPO has already begun. Visit Bigul’s website here for the application process.
- How will the net proceeds from the IPO be utilized?
The company will not receive any funds from this issue, all the proceeds will go to the selling shareholders.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Brisk Technovision Limited IPO 2024 by visiting https://ris.kfintech.com/ipostatus/
- What is the financial performance of Brisk Technovision Limited?
Brisk Technovision Limited’s revenue decreased by -16.64% and profit after tax increased by 81.58% between the financial year ending with March 31, 2023 and March 31, 2022.