The Brisk Technovision date has been confirmed from January 23, 2024 and closes on January 25, 2024.
Brisk Technovision Developers IPO is a fixed price issue of Rs 12.48 crores. The price is ₹156 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹249,600.
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Bidding Dates
January 23-25
Price Range
₹156 per share
Face Value
₹10 per share
GMP
₹35
Brisk Technovision IPO GMP
The Brisk Technovision IPO GMP is ₹35.
IPO Overview
The Brisk Technovision IPO is a fixed-price offering of Rs 12.48 crore. The issuance consists of a fresh issue of Rs 0.00 crore and an offer for sale of 8 lakh shares. Brisk Technovision’s initial public offering (IPO) will begin on January 22, 2024 and end on January 24, 2024. The allotment for the Brisk Technovision IPO is expected to be completed on Thursday, January 25, 2024.
Brisk Technovision’s IPO will be listed on BSE SME, with a tentative listing date of Tuesday, January 30, 2024. Brisk Technovision’s IPO price is ₹156 per share. The minimum lot size for an application is 800 shares. The minimum investment for retail investors is ₹124,800. The minimum investment for HNI is 2 lots (1,600 shares) worth ₹249,600.
Brisk Technovision IPO Details
| IPO Date | January 22, 2024 to January 24, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹156 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 800,000 shares (aggregating up to ₹12.48 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹0.00 Cr) |
| Offer for Sale | 800,000 shares of ₹10 (aggregating up to ₹12.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,000,000 |
| Share holding post issue | 2,000,000 |
| Market Maker portion | 40,000 shares |
Brisk Technovision Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,423.40 | 679.73 | 661.82 | 562.52 |
| Revenue | 1,577.27 | 1,840.30 | 2,207.63 | 1,691.02 |
| Profit After Tax | 152.48 | 198.90 | 109.54 | 14.51 |
| Net Worth | 631.02 | 478.54 | 307.64 | 198.07 |
| Reserves and Surplus | 431.02 | 278.54 | 107.64 | 197.07 |
| Amount in ₹ Lakhs | ||||
Brisk Technovision IPO Timeline
| IPO Open Date | Monday, January 22, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
Company Profile
Brisk Technovision Limited, founded in March 2007, is a firm that provides information technology solutions to corporate clients in India. The company’s primary focus is on providing third-party hardware items, including as servers, desktops, personal computers, and laptops, as well as third-party software, to Indian corporate customers. They also offer other services such as data centre design, supply, and installation, enterprise networking management, email management, system integration, and annual maintenance contracts (AMC) for hardware and system
maintenance, monitoring, and managed services. Over the last three fiscal years, the company has altered its focus to provide more of its service offerings. The company has been awarded two certifications: Quality Management System and IT-Infrastructure Management, Information Security Services, and Data Centre Management Services. These certifications are by ISO standards ISO 9001:2015 and 20000:2013, respectively.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | — |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Brisk Technovision Limited |
| Phone number | 022 2577 5648 |
| Email ID | secretarial@brisk-india.com |
| Website | brisk-india.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
