Brisk Technovision IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO will be 800 shares per lot .

IPO Details

Bidding Dates

23 Jan '24 - 25 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 23, 2024

IPO Close Date

Jan 25, 2024

Basis of Allotment

Jan 29, 2024

Initiation of Refunds

Jan 30, 2024

Credit of Shares to Demat

Jan 30, 2024

IPO Listing Date

Jan 31, 2024

UPI mandate confirmation

Jan 25, 2024

IPO Subscription Details

Date	NII	Retail	Total
Day 1Jan 23, 2024	0.97x	2.29x	1.63x
Day 2Jan 24, 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

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.
They intend to scale up in terms of geographical presence.
The vast experience of the promoters and other management teams enables them to offer cost-effective solutions.

Risks

Most of the business operations are in and from the state of Maharashtra. This results in the geographic concentration of business operations.
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.
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.