Brisk Technovision Limited IPO is set to launch on 23 January, 2023. The company initiated its business operations in the year 2007. It provides IT solutions to corporate clients in India. Its product portfolio includes hardware products such as desktops, servers, laptops, personal computers etc. The company also provides software solutions to its clients. Other services provided by the company include supply, design and installation of data centres, email management, enterprise networking management, annual maintenance contracts, system integration etc. It employs 119 people. The major clients of the company are IPCA Laboratories, Saraswat Bank, DNS Bank, Bharat Gears, Ambarnath Jai Hind Corporate bank, Inox Air Products, SVC Bank, Wockhdart, Siro, Bank of India, Asian Heart Institute, New Bombay hospital etc.
Brisk Technovision Limited IPO DETAILS
Brisk Technovision Limited IPO is set to launch on 23 January, 2023. The subscription timeline extends till 25 January, 2023. The size for the IPO is 12.48 Crore Rs. No shares are issued through fresh issue mode. Shares issued through offer for sale mode are worth Rs 12.48 Crore. The lot size is 800 shares and the price is 156 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is KFin Technologies Limited.
Tabular Description of Brisk Technovision Limited IPO
| IPO OPENING DATE | 23 January, 2023 |
| CLOSING DATE FOR IPO | 25 January, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 156 Rs per share |
| LOT SIZE | 800 shares |
| MINIMUM ORDER QUANTITY | 800 shares |
| ISSUE SIZE | 12.48 Crore Rs. |
| OFFER FOR SALE | 12.48 Crore Rs. |
| FRESH ISSUE | No shares are issued through Fresh issue mode |
| LISTING AT | BSE SME |
| LISTING DATE | 31 January, 2023 |
Brisk Technovision Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 23 January, 2023 |
| CLOSING DATE FOR IPO | 25 January, 2023 |
| IPO ALLOTMENT DATE | 29 January, 2023 |
| REFUNDS | 30 January, 2023 |
| DEMAT A/C CREDITED ON | 30 January, 2023 |
| IPO LISTING DATE | 31 January, 2023 |
Brisk Technovision Limited IPO begins for subscription from 23 January 2023. The IPO subscription would continue till 25 January, 2023. The allotment status for the shareholders who applied would come on 29 January, 2023. The refunds for the ones who did not get allotment would be initiated on 30 January, 2023. The DEMAT accounts of shareholders would be credited on 30 January, 2023. The listing of the company would be completed on 31 January, 2023.
Brisk Technovision Limited IPO : Lead Managers
The lead managers are :
- Sun Capital Advisory Services (P) Limited
The minimum lot size for the company is decided at 800 shares. This holding accounts to 124800 Rs.. The maximum lot size is decided at 1600 shares (HNI). This amounts to 249600 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 800 shares | 124800 Rs. |
| Maximum | 1600 shares | 249600 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 562 | 661 | 679 |
| Revenue | 1691 | 2207 | 1840 |
| PAT | 14 | 109 | 198 |
Brisk Technovision Limited had an asset base of 562 Lakh Rs in 201 which increased to 661 Lakh rs in 2022 and 679 Lakh Rs in 2023. The revenue of the firm was 1691 Lakh Rs in 2021 and 2207 Lakh Rs in 2022. The revenue of the company decreased to 1840 Lakh Rs in 2023. The profit of the firm was 14 Lakh rs in 2021 which increased to 109 Lakh Rs in 2022 and 198 lakh Rs in 2023.
PROS
- Its product portfolio includes hardware products such as desktops, servers, laptops, personal computers etc.
- The company also provides software solutions to its clients. Other services provided by the company include supply, design and installation of data centres, email management, enterprise networking management, annual maintenance contracts, system integration etc.
- It employs 119 people. The major clients of the company are IPCA Laboratories, Saraswat Bank, DNS Bank, Bharat Gears, Ambarnath Jai Hind Corporate bank, Inox Air Products, SVC Bank, Wockhdart, Siro, Bank of India, Asian Heart Institute, New Bombay hospital etc.
Brisk Technovision Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Brisk Technovision Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
