Brisk Technovision IPO: Review, Valuation, Opening Date & GMP

Brisk Technovision Limited IPO  - Complete Overview

Brisk Technovision, an active player in the IT solutions domain, is gearing up for an Initial Public Offering (IPO). Specializing in customize technology solutions, the company has a strong foothold in Maharashtra, India. With a dedicated team of over 100 professionals, Brisk Technovision excels in hardware sales, providing third-party servers, desktops, personal computers, and laptops. Additionally, the company offers a diverse range of third-party software solutions to its corporate partners.

Notably, Brisk Technovision extends its expertise to 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.

Over the past three fiscal years, the company has strategically expanded its service portfolio, reflecting a commitment to innovation and growth. As of November 30, 2023, Brisk Technovision stands as a key player in the information technology landscape, dedicated to making an impact in the IPO arena.

 

Brisk Technovision Limited IPO Overview

Brisk Technovision Limited's IPO date is slated to be open for subscription from January 23, 2024, to January 25, 2024. This BSE SME IPO follows a Fixed Price Issue IPO.

Brisk Technovision Limited IPO price is fixed at Rs. 156 per share. 

The total issue size of this IPO amounts to Rs.Rs.12.48 CR. The company has reserved 50 for retail investors and 50% for other investors.

 

 

Brisk Technovision Limited IPO timetable (Tentative)

Events	Date
IPO Opening Date	23 January 2024
IPO Closing Date	25 January 2024
IPO Allotment Date	29 January 2024
Refund initiation	30 January 2024
IPO Listing Date	31 January 2024

 

Brisk Technovision Limited IPO Details

IPO Opening & Closing Date	23 January to 25 January 2024
Face value	Rs.10 per share
Issue Price	Rs. 156 per share
Lot Size	800 Shares
Price of 1 lot	Rs. 1,24,800
Total Issue Size	800,000 Shares  (aggregating up to Rs.12.48 Cr)
Offer for sale	800,000 Shares of Rs.10 (aggregating up to Rs.12.48 Cr)
Listing at	BSE SME
Issue Type	Fixed Price Issue IPO
Registrar	Kfin Technologies Limited

 

Brisk Technovision Limited IPO Lot Details

Application	Lot	Shares
Minimum Lot Investment (Retail)	1 lot	800
Maximum Lot Investment (Retail)	1 lot	800
Minimum Lot Investment (HNI)	2 lot	1,600

 

Brisk Technovision Limited IPO Reservation 

Retail Shares Offered	50%
Other Shares Offered	50%

 

 

Company Financial

As of September 30, FY 23, the company's financials show fluctuations in key metrics compared to previous fiscal years (FY 23 and FY 22).

(Amount in Lakhs)

Period	Sep 30, FY 23	Mar 31, FY 23	Mar 31, FY 22
Total Assets	1,423.40	679.73	661.82
Total Revenue	1,577.27	1,840.30	2,207.63
PAT	152.48	198.90	109.54
Net worth	631.02	478.54	307.64
Reserve & Surplus	431.02	278.54	107.64

 

Revenue by Operations

The company's revenue from operations and overall business activities decreased for the period ending September 30, FY 23. 

 (Amount in Lakhs)

Particulars	Sep 30, FY 23	Mar 31, FY 23	Mar 31, FY 22
Revenue from operations	1,567.24	1,831.25	2,204.66
Other Operating Income	10.04	9.05	2.97
Total operations	1,577.27	1,840.30	2,207.63

 

The Objective of the Issue

The company will not benefit directly from the Offer, as all proceeds will be directed to the Selling Shareholders. However, the company foresees positive outcomes from listing its Equity Shares, such as improved visibility and brand image. Additionally, it is expected to enhance goodwill, offer liquidity to shareholders, and establish a presence in the public market for Equity Shares in India.

 

Promoters and Management of Brisk Technovision Limited IPO

1. Sankarnarayanan Ramasubramanian.

2.Ganapati Chittaranjan Kenakre.

Pre-issue Promoter Shareholding	99.99%
Post-issue Promoter Shareholding	59.99%

 

 

Evaluation

The IPO is priced within the range of Rs. 156 per share.

 Evaluation of P/E Ratio:

- Considering the FY23 EPS of Rs 9.94 from the last year, the resulting P/E ratio is 15.70x.

- Taking into account the weighted EPS of Rs 6.92 for the last three years, the P/E ratio amounts to 22.54x.

As a result, the IPO price range, with a P/E ratio ranging from 15.70x to 22.54x, seems slightly undervalued in comparison to the industry average of 30.9x.

 

Dividend Policy

The company has not declared and paid any dividends on Equity Shares in the three preceding financial years. However, The dividend distribution policy was approved on September 9, 2022 therefore  in Fiscal 2023, a final dividend of ₹28.00 lakhs was paid at a rate of 14.00% per Equity Share with a face value of Rs.10.00. 

The past dividend payments may not necessarily indicate future dividend distribution, and investors are advised not to rely on them for predicting future performance.  Whether we can pay them in the future depends on factors like profits, past dividend trends, capital needs, legal restrictions, and other relevant considerations evaluated by our Board.

 

IPO's Strengths

• Experienced promoters and a proven management team.

• Robust, trusted, and industry-proven solutions.

• Diverse range of hardware and software products.

• Well-trained employee base with strong technical and execution capabilities.

• Consistent profitability for more than a decade.

 

IPO's Weaknesses

• Dependency on new orders, susceptible to sudden market changes.

• Vulnerability to changes in laws and regulations affecting business.

• Challenges in updating services and products.

• Sensitivity to overall economic and business conditions.

• Need for adequate funds and careful cost management.

 

 

IPO GMP Today

The Latest GMP of Brisk Technovision Limited IPO is Rs. 35

 

Conclusion

Brisk Technovision Limited, a dynamic player in the IT solutions domain, is set to launch its Initial Public Offering (IPO) from January 22 to January 24, 2024, with a fixed price of Rs. 156 per share. The IPO's total issue size is Rs. 12.48 CR, with a listing date scheduled for January 30, 2024. The company's financials exhibit fluctuations in key metrics, and its revenue from operations decreased for the period ending September 30, FY 23.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

 

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

 

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