Brisk Technovision Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Brisk Technovisi

CMP

138.00

+6.00 (4.55%)

  • DRHP
₹156

Offer Price

₹ 12.48 Cr

Issue Size

₹ 1,24,800

Min Investment

800

Lot size

Time Line

  • 23
    Jan 2024
    Open
  • 25
    Jan 2024
    Close
  • 29
    Jan 2024
    Finalisation of Basis of Allotment
  • 30
    Jan 2024
    Initiation of Refunds
  • 30
    Jan 2024
    Transfer of Shares to Demat Account
  • 31
    Jan 2024
    Listing Date

Objects of the Offer

  • Build-up a professional organization and attract bright talents.

  • To expand in additional geographic areas.

  • Continue to develop client relationship and expand its client base.

  • To become more competitive in Business.

  • To strengthen Human Capital.

Products & Services

  • Primary business of the Company is to provide various third parties hardware products like servers, desktops, personal computers, laptops and other products as well as third parties software.

Strengths

  • Experienced Promoters and proven management team.

  • The Company`s solutions are robust, trusted & Industry proven.

  • Providing a diverse range of hardware and software products across varied customer segments.

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

  • A cash rich company which has been making profit every year for more than a decade.

Risks

  • Most of its business operations are in and from the state of Maharashtra. Due to this geographic concentration of its business operations, the company results of operations and growth might be restricted to the economic and demographic conditions of Maharashtra.

  • The company is dependent on a few customers for majority of its revenues and its also do not have any long-term arrangements with the company customers, could adversely affect its business and results of operations.

  • The company is dependent on a few suppliers for the third-party products which its provide to its customers. The failure of the company suppliers to deliver these products in the necessary quantities, on time or to meet specified quality standards or technical specifications, could adversely affect its business and the company ability to deliver orders on time.

  • The company is highly dependent on its Promoters, management team and certain key personnel, and the loss of any key team member may adversely affect its business and results of operations.

  • The company face competition in its business from organized and unorganized players, which may adversely affect its business operation and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
20.00%
Pre Holding

49.99%

Post Holding

29.99%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 22.05 (30.80%) 18.31 (-17.00%) 38.62 (-)
Gross Profit 22.05 (30.80%) 18.31 (-17.00%) 38.62 (-)
Net Income 22.05 (30.80%) 18.31 (-17.00%) 38.62 (-)
Assets 22.05 (30.80%) 18.31 (-17.00%) 38.62 (-)
Liabilities 22.05 (30.80%) 18.31 (-17.00%) 38.62 (-)

Book Running Managers

  • Sun Capital Advisory Services Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

135 Damji Shamji Indu.Premises,
CHS Ltd LBS Marg Vikhroli (W),
Mumbai - 400083
Phone : 022 2577 5648 Email : secretarial@brisk-india.com https://brisk-india.com

Offer Related Information

Initial public offering of 8,00,000 equity shares of face value of Rs. 10/- each of Brisk Technovision Limited ("BTL" or the "Company" or the "Issuer") for cash at a price of Rs. 156/- per equity share including a share premium of Rs. 146/- per equity share (the "Offer Price") aggregating to Rs. 12.48 crores ("The Offer"), comprising of an offer for sale of 8,00,000 equity shares by the selling shareholders ("Offer for Sale") aggregating to Rs. 12.48 crores of which 40,000 equity shares of... More

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