Brisk Technovision IPO

Brisk Technovision IPO

Brisk Technovision IPO consists of an offer to sell INR 8 lakh existing equity shares. The company will not receive any proceeds from the offer but intends to provide liquidity to the existing shareholders and help build the brand image.

Brisk Technovision Ltd IPO – Important Details

Brisk Technovision  IPO DateJanuary 23, 2024 to January 25, 2024
Brisk Technovision  IPO Listing DateJanuary 31, 2024
Brisk Technovision  IPO PriceINR 156
Brisk Technovision  IPO Lot Size800 shares
Brisk Technovision  IPO Total Issue SizeINR 12.48 crore
Brisk Technovision  IPO Basis of AllotmentJanuary 29, 2024
Brisk Technovision  IPO Initiation of RefundsJanuary 30, 2024
Brisk Technovision  IPO Credit of Shares to DematJanuary 30, 2024
Brisk Technovision  IPO Issue TypeFixed Price Issue
Brisk Technovision  IPO Listing AtBSE, NSE

Brisk Technovision Ltd IPO – Company Profile

Incorporated as “Brisk Technovision Pvt Ltd” on March 30, 2007, it became public limited on August 9, 2022, and was renamed “Brisk Technovision Ltd” with a new certificate on August 29, 2022.

In Maharashtra, their company provides IT solutions to Indian corporate clients, specializing in third-party hardware (servers, desktops, laptops) and software. Additionally, they offer services like data center design, networking, email management, system integration, AMC, and managed services.

They collaborate with OEMs, offering end-to-end IT infrastructure services. Procuring servers, laptops, and more, they create unified solutions, manage networks, and ensure high availability. Their turnkey solutions, tailored to client needs, leverage proven technologies, reflecting their successful track record across India.

Brisk Technovision Limited IPO – Fundamental Analysis

Brisk Technovision Ltd’s IPO showcases revenue growth until 2022, followed by a decline in 2023. Rising profits, substantial Return on Net Worth, and increasing Diluted EPS and NAV per Equity Share are positive, but the 2023 revenue dip warrants further scrutiny. Investors should conduct thorough due diligence.

Revenue:

The company’s revenue has shown growth from ₹1,685.60 million in 2021 to ₹2,204.66 million in 2022. However, there is a decrease to ₹1,831.25 million in 2023.

Expenses:

Total expenses have followed a similar trend, increasing from ₹1,661.91 million in 2021 to ₹2,062.37 million in 2022 and then decreasing to ₹1,578.96 million in 2023.

Profit and Loss After Tax:

The company has shown a consistent increase in profits, with ₹14.51 million in 2021, ₹109.54 million in 2022, and ₹198.90 million in 2023.

Return on Net Worth (RoNW):

RoNW has experienced significant growth, indicating improved profitability and efficient use of equity. It has increased from 7.33% in 2021 to 35.61% in 2022 and further to 41.56% in 2023.

Diluted Earnings Per Share (EPS):

Diluted EPS has seen a steady increase from ₹0.73 in 2021 to ₹5.48 in 2022 and ₹9.94 in 2023, reflecting improved earnings attributable to each outstanding share.

Net Asset Value (NAV) per Equity Share:

NAV per Equity Share has increased over the years, from ₹9.90 in 2021 to ₹15.38 in 2022 and ₹23.93 in 2023. This indicates the company’s ability to generate value for shareholders.

Total Assets and Liabilities:

Total Assets have increased from ₹562.52 million in 2021 to ₹661.82 million in 2022 and then slightly increased to ₹679.73 million in 2023. Total Liabilities have shown a decreasing trend from ₹364.45 million in 2021 to ₹354.18 million in 2022 and further decreased to ₹201.19 million in 2023.

Brisk Technovision Ltd IPO Financial Information

ParticularAs at 31 March 2021As at 31 March 2022As at 31 March 2023
Revenue(₹in millions)1685.62204.661831.25
Equity(₹ in millions)198.07307.64478.54
Expenses (₹in millions)1661.912062.371578.96
Profit and Loss After Tax (₹ in millions)14.51109.54198.9
RoNW (%)7.3335.6141.56
Diluted EPS only (₹)0.735.489.94
NAV per Equity Share (₹)9.915.3823.93
Total Assets (in millions)562.52661.82679.73
Total Liabilities (in millions)364.45354.18201.19

Brisk Technovision Ltd IPO Peer Comparison

There are no listed companies that are engaged in a similar line of business to that of Brisk Technovision. Accordingly, it is not possible to provide a comparison of accounting ratios of industry with their company.

Brisk Technovision Limited IPO Objective

The main objective of Brisk Technovision Limited’s IPO is an offer for sale, with the company not receiving funds from the offer proceeds. It aims to achieve listing benefits, enhancing visibility and brand image, without direct financial gain from the IPO.

Brisk Technovision Limited IPO Risks And Challenges

Brisk Technovision’s IPO risks encompass a 40% dilution by promoters, retaining 60% post-offer. This may impact equity fundraising and hinder expansion. Additionally, challenges include reliance on Maharashtra, customer concentration, and the absence of long-term contracts.

  • Promoters Mr. Sankaranarayanan Ramasubramanian and Mr. Ganapati Chittaranjan Kenkare are offering INR 8,00,000 Equity Shares, diluting 40% of their shareholding. Post-offer, Promoters will collectively hold 60%, potentially limiting future equity fundraising and impacting business expansion, acquisition capabilities, and competitiveness. 
  • Brisk Technovision’s business is predominantly based in Maharashtra, making it vulnerable to natural calamities, economic downturns, or disruptions in the region. The lack of geographical diversification may amplify the impact on operations, financial conditions, and cash flows. Despite its online presence, Maharashtra remains a primary business hub. 
  • The company relies heavily on a few customers, with the top five contributing 80.95%, 89.52%, and 87.70% in Fiscal 2023, 2022, and 2021. Lack of long-term contracts and potential customer shifts pose significant revenue, growth, and financial stability risks.

Brisk Technovision Ltd IPO – Industry & Market Potential

The IT & BPM sector is a vital growth driver for India, contributing 7.4% to GDP in FY 2022, which is projected to reach 10% by FY 2025. With a robust digital infrastructure, India’s swift digital adoption enhances economic value, citizen empowerment, and daily life.

In FY 2022, the Indian IT industry reached US$ 227 billion in revenue, growing by 15.5% YoY. Software products are projected to hit US$ 100 billion by 2025. IT exports stood at US$ 149 billion in FY 2021, with 4.45 lakh new employees added.

India, a premier offshoring hub, projects its IT & business services industry to hit US$ 19.93 billion by 2025. Widespread cloud adoption could contribute US$ 380 billion to GDP, creating 14 million jobs by 2026. The country envisions US$ 1 trillion service exports by 2030, showcasing significant industry and market potential.

Brisk Technovision Ltd IPO – Type of Offer

Brisk Technovision Limited’s offer comprises the sale of 8 lakh existing shares. The promoters, along with other shareholders, are divesting their existing shares. Below are the details of the promoters selling their existing shares.

Name of the promoter selling shareholderMaximum number of offered shares for sale
Sankarnarayanan Ramasubramanian4,00,000
Ganapati Chittaranjan Kenkare4,00,000

Brisk Technovision IPO Offer Size

The offer size of Brisk Technovision Limited is 8 lakh equity shares, marking the launch of its IPO. While the company won’t directly benefit, the offering aims to provide liquidity to existing shareholders and enhance its brand image.

Brisk Technovision IPO Allotment Structure

Brisk Technovision  Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 40,000 shares for Market Makers.

Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs. 2 lakhs.

Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.

Market Maker Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 40,000 shares for this purpose.

How to apply for a Brisk Technovision  IPO through Alice Blue?

To apply for the Brisk Technovision  IPO through Alice Blue, you would typically follow these steps:

  • Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
  • Check for IPO Details: Once your account is active, you can check for the Brisk Technovision  IPO details in the IPO section of the Alice Blue platform.
  • Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
  • Submit the Application: Confirm all your details and submit your application.
  • You can apply for the Brisk Technovision  IPO at Alice Blue in just a few clicks!

 Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How to Check Brisk Technovision  IPO Allotment Status on Alice Blue?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.

  • Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
  • Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
  • Select the Brisk Technovision  IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Brisk Technovision  IPO.
  • Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.

Apart from Alice Blue, there are other ways to check the allotment status of the Brisk Technovision  IPO:

●   Registrar’s Website: Visit the website of KFin Technologies Limited , the registrar of the Brisk Technovision  IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

●         BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Brisk Technovision  Limited IPO Offer Registrar

The registrar for the Brisk Technovision  Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

 Contact information for the registrar:

KFin Technologies Limited

Selenium Tower-B, Plot 31 & 32, Gachibowli,

Financial District, Nanakramguda, Serilingampally,

Hyderabad 500032,

Telangana, India

Telephone: +91 40 6716 2222

E-mail: [email protected]

Website: www.kfintech.com

Brisk Technovision  IPO FAQs

1. What is the allotment date of the Brisk Technovision IPO? 

The allotment date of Brisk Technovision  IPO is January 29, 2024.

2. 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.

3. 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. 

4. What is the listing date of the Brisk Technovision IPO? 

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

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