IPO Details
Bidding Dates
22 Jan '24 - 24 Jan '24
Minimum Investment
₹124,800 / 1 Lots ( 800 )
Price Range
₹156
Maximum Investment
₹124,800 / 1 Lots ( 800 )
Retail Discount
Not Applicable
Issue Size
₹12.48 Cr
Investor category and sub category
Non-Institutional Buyers | Retail Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Jan 22, 2024
IPO Close Date
Jan 24, 2024
Basis of Allotment
Jan 28, 2024
Initiation of Refunds
Jan 29, 2024
Credit of Shares to Demat
Jan 29, 2024
IPO Listing Date
Jan 30, 2024
UPI mandate confirmation
Jan 24, 2024
IPO Subscription Details
Date | NII | Retail | Total |
---|---|---|---|
Day 1Jan 22, 2024 |
0.97x | 2.29x | 1.63x |
Day 2Jan 23, 2024 |
1.44x | 3.60x | 2.52x |
IPO Subscription Live Status
Investor Category | Subscription (Times) |
---|---|
Non-Institutional Buyers* | 1.44 |
Retail Investors | 3.60 |
Total | 2.52 |
About Company
Brisk Technovision Ltd is currently 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. Moreover, they offer other services, which include services relating to the design, supply, and installation of data centres, enterprise networking management, email management, system integration, annual maintenance contracts for hardware and system maintenance, and monitoring and managed services.
In the last three financial years, they have begun to focus on offering more of their service offerings. Presently, predominantly, the company conducts its sales and other operations in the state of Maharashtra.
The company procures servers, laptops, desktops and other allied products from the OEMs or original equipment manufacturers as per the requirements of the client. They help in the sourcing of appropriate IT products, integrating the systems to work together as a unified solution, integrating the network that connects this infrastructure across different locations and managing the system to ensure high availability of IT storage, network and computing
Infrastructure.
According to the National Association of Software and Service Companies (NASSCOM), the Indian IT industry’s revenue touched US$ 227 billion in FY 2022, a 15.5% YoY growth. An organised player like Brisk Technovision can benefit from such growth in the IT industry in future.
Brisk Technovision Ltd IPO Details
Brisk Technovision Ltd IPO Date
The dates for bidding for the Brisk Technovision IPO are January 23, 2024, to January 25, 2024.
Brisk Technovision Ltd IPO Price Band
Brisk Technovision is a fixed-price IPO. The exact price range is ₹156 per share.
Brisk Technovision Ltd IPO Lot Size
The Brisk Technovision Ltd IPO lot size is 800 shares per lot.
Brisk Technovision Ltd IPO Objectives
This is a simple offer for sale meant to provide the promoters with the opportunity to sell their shares.
Peer Details
As per RHP, there are no listed peers of Brisk Technovision in India.
How To Check the Allotment Status of the Brisk Technovision Ltd IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Brisk Technovision Ltd
Registered office: 135, Damji Shamji Industrial Premises CHS Limited, LBS Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India.
Phone: 022 2577 5648
E-mail: secretarial@brisk-india.com
Company Financials
Financial year ( ₹ lakh) | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 | Year Ending on March 31, 2021 |
---|---|---|---|
Total Income | 1,840.30 | 2,207.63 | 1,691.02 |
Profit After Tax | 198.90 | 109.54 | 14.51 |
Return on Capital Employed | 54.71% | 47.77% | 15.64% |
Return on Equity | 41.56% | 35.61% | 7.33% |
Current Ratio | 3.22 | 1.77 | 1.37 |
Know before investing
Strengths
3-
Brisk Technovision provides an extensive range of IT Infrastructure solutions and third-party IT products and software. This diversification of offerings helps increase revenue channels.
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They intend to scale up in terms of geographical presence.
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The vast experience of the promoters and other management teams enables them to offer cost-effective solutions.
Risks
3-
Most of the business operations are in and from the state of Maharashtra. This results in the geographic concentration of business operations.
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Their revenue is highly dependent on a few customers. During Fiscal 2023, Fiscal 2022 and Fiscal 2021, their top 5 customers accounted for 80.95%, 89.52%, and 87.70%, respectively. This can present a risk to the stability of their revenues.
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During Fiscal 2023, Fiscal 2022 and Fiscal 2021, about 58.45%, 72.22% and 64.45% of their input purchases are from their top 5 suppliers, respectively. This can present a risk to their supply chain.
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Brisk Technovision Ltd IPO FAQs
Brisk Technovision IPO is a fixed-price IPO. The dates for the IPO are January 23, 2024, to January 25, 2024.
The basis of allotment will be finalised on January 29, 2024. The credit of shares to the demat accounts will take place on January 30, 2024.
The IPO subscription window is from January 23, 2024, to January 25, 2024.
The lot size for the IPO will be 800 shares per lot.
Brisk Technovision Ltd will be listed on the BSE SME on January 31, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is January 31, 2024.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.