Brisk Technovision was incorporated on March 30, 2007. The company is engaged in the business of providing information technology solutions to corporate customers. The primary business of the company is to provide various third-party hardware products such as servers, desktops, personal computers and laptops as well as 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 centres, enterprise networking management, email management, system integration and annual maintenance contract for hardware and system maintenance, monitoring and managed services.
| Bidding Dates |
|---|
| 23 Jan 2024 - 25 Jan 2024 |
| Subscription |
|---|
| 44.8x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,800 | 1 | 1 | 800 | 800.0 K | ₹156 | 59.99 % | ₹124.8 M | RHP DOC |
Brisk Technovision IPO SUBSCRIPTION STATUS
25 Jan '24Brisk Technovision IPO overall subscription rate was 44.8 times the total available shares
Brisk Technovision IPO retail subscription rate was 34.08 times in the retail segment
Brisk Technovision IPO non-institutional investor subscription rate was 55.51 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
25 Jan 2024 (Day 3) | 34.08x | 55.51x | - |
24 Jan 2024 (Day 2) | 5.9x | 2.01x | - |
23 Jan 2024 (Day 1) | 2.18x | 0.92x | - |
Brisk Technovision FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 15.2 | 156.7 | 7.0 | 7.0 | 13.1% |
| FY23 | 19.9 | 183.1 | 24.4 | 24.3 | 14.4% |
| FY22 | 11.0 | 220.5 | 8.2 | 8.2 | 6.8% |
| FY21 | 1.5 | 168.6 | 6.8 | 6.6 | 2.1% |
Brisk Technovision IPO SUBSCRIPTION STATUS DETAILS
Brisk Technovision had 800.0 K shares on offer
Brisk Technovision IPO offer price was ₹156
Brisk Technovision IPO minimum Investment was ₹124800
Brisk Technovision IPO issue size was ₹ 124.8 M
Brisk Technovision had a minimum lot size of 800 Shares per application
Brisk Technovision NUMBER OF SHARES ON OFFER
Brisk Technovision IPO IMPORTANT DATES
| Issue Open Date | 23 Jan 2024 |
| Issue close Date | 25 Jan 2024 |
| Allotment Date | 29 Jan 2024 |
| Refund Date | 30 Jan 2024 |
| Demat Account Credit Date | 30 Jan 2024 |
| Listing Date | 31 Jan 2024 |
| Listing on Exchange(s) | BSE |
| Brisk Technovision Allotment Status | Exchange |
Brisk Technovision IPO subscription opened on 23 Jan 2024, and closed on 25 Jan 2024
IPO allotment for Brisk Technovision was finalized on Monday, 29 Jan 2024
IPO listing for Brisk Technovision was on BSE on Wednesday, 31 Jan 2024
Brisk Technovision IPO LISTING GAINS
| Issue Price (adjusted) | 156.0 |
| Listing Open Price | 175.0 |
| Listing Close Price | 183.8 |
| Listing Gain% | 12.2% |
| Current Gain% | -50.6% |
Brisk Technovision Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brisk Technovision Ltd. | 77 | 15.4 | 15.2 | 3 | 0.5 | 13.6 | 8.1 | 30.3 | 1.2 | 1 | 5 | 5.1 | 5 |
| GNG Electronics Ltd. | 525.6 | 5993 | 42.1 | 0.3 | 3 | 17.4 | 10.5 | 1895.4 | 33.4 | 132 | 91.8 | 12.5 | 160.6 |
| Control Print Ltd. | 579.2 | 926.4 | 23.8 | -0.4 | 1.9 | 9.8 | 7.5 | 484.2 | 12.2 | 43.6 | -56.4 | 24.4 | -59.8 |
| Bharat Global Developers Ltd. | 87.9 | 889.7 | -10336.5 | 102.8 | 34.1 | -0.1 | 0 | 27.2 | -96 | -0.1 | -100.8 | 0 | -100.5 |
| Panache Digilife Ltd. | 458.6 | 734.3 | 45.4 | 0.3 | 3 | 15.3 | 7.1 | 245.4 | 110.1 | 16.2 | 135 | 10.1 | 135 |
| BCC Fuba India Ltd. | 198 | 392.4 | 47.6 | 0.2 | 4.8 | 12.7 | 7 | 72.7 | 53.8 | 5.8 | 55.8 | 4.2 | 262.2 |
Brisk Technovision INFORMATION ON IPO ISSUE
About Brisk Technovision
Brisk Technovision was incorporated on March 30, 2007. The company is engaged in the business of providing information technology solutions to corporate customers. The primary business of the company is to provide various third-party hardware products such as servers, desktops, personal computers and laptops as well as 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 centres, enterprise networking management, email management, system integration and annual maintenance contract for hardware and system maintenance, monitoring and managed services.
Object of the Issue
- To undertake the offer for sale of 8,00,000 equity shares by the selling shareholders aggregating to Rs 12.5 crore
- To achieve the benefit of listing the equity shares on the stock exchange
Brisk Technovision - PROMOTERS
| Name |
|---|
| Sankaranarayanan Ramasubramanian |
| Ganapati Chittaranjan Kenkare |
Brisk Technovision Lead Manager of the Issue
Sun Capital advisory Services Private Limtied
kinnari@suncapital.co.in
Brisk Technovision Registrar to the issue
Kfin Technologies Private Limited
btl.ipo@kfintech.com
Brisk Technovision Strengths
Trusted and industry proven solutions
The company provides quality services as per its clients’ requirements. This helps it attract new clients and also gain recurring business from existing or old clients
Diverse range of product
The company provides an extensive range of IT Infrastructure solutions and third-party IT products and software
Cash-rich company
The company is a cash-rich having fixed deposits of Rs 4.2 crore and other cash and bank balance of Rs 56.9 lakhs against net worth of Rs 6.3 crore as on September 30, 2023
Brisk Technovision Risks
Faces competition
The company faces competition in its business from organized and unorganized players, which may adversely affect the business operation and financial condition
Sustained negative cash flows
The company has sustained negative cash flows in the past. Any negative cash flows in the future would adversely affect the cash flow requirements
Certain litigation
The company, its directors and its promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various courts and regulatory authorities
IPO FAQs
This IPO consists of an offer for sale of up to Rs 12.5 crore, of 800,000 shares.
The promoters of the company are Sankaranarayanan Ramasubramanian and Ganapati Chittaranjan Kenkare.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 156.0 - 156.0.
The IPO application opens on Jan 23, 2024 and closes on Jan 25, 2024.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 124,800.0.
This IPO will be allotted on Jan 29, 2024.
The refund will be credited to your account on Jan 30, 2024.
The allotted shares will be credited to your demat on Jan 30, 2024.
Brisk Technovision Ltd.’s shares listed on the stock exchanges on Jan 31, 2024.