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03 May 2024

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.

Brisk Technovision IPO Overview

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 IPO Timeline (Tentative Schedule)

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 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 IPO Reservation

Investor Category	Shares Offered
Anchor Investor Shares Offered	-
Market Maker Shares Offered	40,000 (5.00%)
Other Shares Offered	380,000 (47.50%)
Retail Shares Offered	380,000 (47.50%)
Total Shares Offered	800,000 (100%)

Brisk Technovision IPO Promoter Holding

Share Holding Pre Issue	99.99%
Share Holding Post Issue	59.99%

Company & Financials

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. As of January 2024, the company has no debt. The company has been profitable with an asset-light business model for over a decade.

Brisk Technovision Limited Financial Information

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
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	198.90	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

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.

FAQs for Brisk Technovision IPO

What Is The Allotment Date Of The Brisk Technovision IPO?

The allotment date of Brisk Technovision IPO is January 29, 2024.
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.
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.
What Is The Listing Date Of The Brisk Technovision IPO?

The listing date of Brisk Technovision IPO is 31st January 2023.