Dive into the details of the Brisk Technovision IPO, from its opening on January 23, 2024, to the expected listing on January 31, 2024. Explore the financials, subscription status, and key performance indicators, providing a holistic view for potential investors.
Introduction: Navigating the IPO Landscape
Brisk Technovision Limited is poised to make waves with its Fixed Price IPO, aiming to raise Rs 12.48 crores. The IPO consists of a fresh issue of Rs 0.00 crore and an offer for sale of 8 lakh shares. The subscription window opens on January 23, 2024, and concludes on January 25, 2024, with allotment results anticipated by January 29, 2024. The listing is scheduled for January 31, 2024, on BSE SME.
Brisk Technovision IPO Price Dynamics
Priced at ₹156 per share, the IPO offers a minimum lot size of 800 shares. Retail investors can engage with a minimum investment of ₹124,800, while HNI investors have a lot size of 1,600 shares, totaling ₹249,600.
Key Players in the IPO Landscape
Sun Capital Advisory Services (P) Ltd spearheads the IPO as the book running lead manager, with Kfin Technologies Limited as the registrar. Nnm Securities acts as the market maker for Brisk Technovision IPO.
Brisk Technovision IPO: Snapshot of Essential Details
- IPO Date: January 23, 2024, to January 25, 2024
- Listing Date: January 31, 2024, on BSE SME
- 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
Reservation Breakdown for Brisk Technovision IPO
- NII Allocation: 380,000 shares (47.50%)
- RII Allocation: 380,000 shares (47.50%)
Brisk Technovision IPO Timeline: Mark Your Calendar
- IPO Opens: January 23, 2024
- IPO Closes: January 25, 2024
- Basis of Allotment: January 29, 2024
- Listing Date: January 31, 2024
Also read: Nova AgriTech Limited IPO: A Deep Dive into the Agricultural Growth Frontier
Lot Size Dynamics: Tailoring Investments
Investors can bid for a minimum of 800 shares, with flexibility for retail and HNI investors based on their preferences.
Promoter Holdings and Corporate Insights
The promoters, Sankarnarayanan Ramasubramanian and Ganapati Chittaranjan Kenakre, hold 99.99% pre-issue and 59.99% post-issue.
Operational Canvas: Brisk Technovision’s Core Business
Incorporated in March 2007, Brisk Technovision specializes in providing IT solutions to corporate clients. With a focus on hardware and software sales, the company also offers services such as data center setup, enterprise network management, system integration, and annual maintenance contracts.
Financial Performance at a Glance
As of September 30, 2023, Brisk Technovision reports robust financials with revenue at ₹1,577.27 lakhs and a profit after tax of ₹152.48 lakhs. Key performance indicators showcase a healthy market capitalization of Rs 31.2 Cr.
Subscription Status: Early Indications
As of January 23, 2024 (Day 1), the IPO is subscribed 1.63 times, with retail and NII categories showing promising interest.
Recommendation and Closing Thoughts
While exploring the IPO landscape, potential investors are advised to consider the company’s operational focus, financial health, and market dynamics. Brisk Technovision IPO brings an opportunity to be part of a technology-driven venture in Maharashtra.
Disclaimer: The information provided is for informational purposes only and should not be construed as financial advice. Investors are urged to conduct thorough research and seek professional advice before making investment decisions.
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