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SME IPO Status: Listed [23rd Jan 2024 to 25th Jan 2024]
Brisk Technovision IPO, a SME IPO of ₹12.48 Cr was launced on 23-01-2024 to 25-01-2024 and the shares got listed on BSE SME on 31-01-2024.
The public issue of Brisk Technovision IPO (544101) was offered at ₹156.00 per share and the ipo was listed at ₹175. It has delivered listing gain of 12.18%.
As the minimum lot size was 800 shares, the IPO has offered Rs 15200 per lot return on listing.
| SME IPO Issue Opening Date: | 23rd Jan 2024 |
| SME IPO Issue Closing Date: | 25th Jan 2024 |
| SME IPO Issue Price: | ₹156.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹12.48 Cr |
| Offer for Sale: | ₹12.48 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.99% |
| Promoter Holding Post IPO: | 59.99% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544101 |
Get important updates regarding Brisk Technovision SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 29th Jan 2024 |
| Refunds Initiation* | 30th Jan 2024 |
| Credit of Shares to Demat* | 30th Jan 2024 |
| SME IPO Listing Date* | 31st Jan 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹156.00 |
| Market Lot: | 800 Shares |
| 1 Lot Amount: | ₹124800 |
| Min HNI Lots: | 1600 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 31-01-2024 | 156.00 | 35 | 21300 | ₹191 (22.44%) | 31-Jan-2024 9:25 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Brisk Technovision Limited was founded in March 2007. The company is engaged in the provision of information technology solutions to corporate clients. The Company's principal business is to provide (a) various third party hardware products such as servers, desktops, PCs and laptops and (b) third party software to Indian corporate customers. In addition, the company offers other services including data centre design, setup and installation, enterprise network management, email management, system integration and annual maintenance contracts (AMC) for hardware and system maintenance, monitoring and managed services.
The company's products are based on the latest software technologies. The products are extremely flexible, scalable and robust. The company offers a comprehensive range of solutions for data centres, enterprises, the pharmaceutical industry and the banking sector, comprising a complete solution of hardware, software, services and support.
The growth focus is on certain high-end products such as Oracle Solutions & SD WAN Solutions, Accop's Citrix, VM Ware, with an emphasis on configuration and implementation services. Chromeleon & CSV Services is a fast growing area which is expected to achieve a good volume of business in the coming years.
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | IT infrastructure Management | ₹12.48 Cr | https://brisk-india.com/ |
The company will not receive any proceeds from the Offer, and all such proceeds will go to the Selling Shareholders. The company expects that listing of the Equity Shares will have several positive effects, including enhancing the visibility and brand image. Moreover, it is anticipated that it will boost the company's goodwill and provide liquidity to the Shareholders and will also provide a public market for the Equity Shares in India.
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 380,000 (50%) | 380,000 (50%) | 760,000 | |
| 1 | 23rd Jan 2024 19:04 | 0.97x | 2.29x | 1.63x |
| 2 | 24th Jan 2024 19:04 | 2.01x | 6.21x | 4.11x |
| 3 | 25th Jan 2024 19:04 | 58.14x | 35.87x | 47.10x |
Brisk Technovision Limited's revenue decreased by -16.64% and profit after tax (PAT) rose by 81.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Brisk Technovision Limited | 9.95 | 9.95 | 23.93 | 15.69 | 41.56 |
Last Updated on 04-Feb-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Brisk Technovision SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Brisk Technovision SME IPO with Zerodha.
Alternate approch to apply in Brisk Technovision SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Brisk Technovision SME IPO Review and Important Updates
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To subscribe or apply in Brisk Technovision SME IPO, you can use the following methods:
| Brisk Technovision SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Brisk Technovision SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Brisk Technovision SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Brisk Technovision SME IPO. Most of the Syndicate Banks provide access to apply in Brisk Technovision IPO via ASBA process. You must have your net banking access, DP ID information to apply in Brisk Technovision SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Brisk Technovision SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Brisk Technovision SME IPO Review and Important Updates
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Brisk Technovision SME IPO is going to be list on 31-01-2024. BSE Code for Brisk Technovision is 544101.
Other relevant questions:
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Brisk Technovision SME IPO Allotment Date is 29-01-2024.
Other relevant questions:
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