February 18, 2024
Brisk Technovision IPO - Key Details
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Brisk Technovision IPO – Key Details

Brisk Technovision IPO – Key Details/Bloomberg

Brisk Technovision IPO – Key Details:

  • The Brisk Technovision IPO is open for subscription until Thursday, January 25.
  • The IPO price band is set at ₹156 per share, with a lot size of 800 shares.
  • The company primarily offers IT solutions to corporate clients, including hardware and software services.
  • Brisk Technovision has expanded its services to include data center design, networking management, email management, system integration, and annual maintenance contracts (AMC).
  • Maharashtra is the main location for the company’s business operations.
  • Between FY2022 and FY2023, the company experienced a revenue decrease of -16.64%, but its profit after tax (PAT) increased by 81.58%.
  • The IPO comprises an offer-for-sale (OFS) of 8,00,000 equity shares by the selling shareholders, amounting to ₹12.40 crore.
  • Promoters Sankarnarayanan Ramasubramanian and Ganapati Chittaranjan Kenkare are selling 4,00,000 equity shares each.
  • The post-issue promoter holding will be 59.99%, down from 99.99% pre-issue.
  • The book running lead manager is Sun Capital Advisory Services (P) Ltd, and the registrar is Kfin Technologies Limited.
  • Brisk Technovision IPO subscription status on day 2 is 3.09 times, with positive responses from retail and non-institutional buyers.
  • The grey market premium (GMP) for Brisk Technovision IPO is ₹0, indicating that shares are trading at their issue price with no premium or discount.

Investors should carefully consider the company’s financials and business model before participating in the IPO, keeping in mind factors like revenue trends and profit margins.

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