IPO Details

Bidding Dates

23 Jan '24 - 25 Jan '24

Minimum Investment

₹124,800 / 1 Lots ( 800 )

Price Range


Maximum Investment

₹124,800 / 1 Lots ( 800 )

Retail Discount

Not Applicable

Issue Size

₹12.48 Cr

Investor category and sub category

Non-Institutional Buyers  |   Retail Investors   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Jan 23, 2024

IPO Close Date

Jan 25, 2024

Basis of Allotment

Jan 29, 2024

Initiation of Refunds

Jan 30, 2024

Credit of Shares to Demat

Jan 30, 2024

IPO Listing Date

Jan 31, 2024

UPI mandate confirmation

Jan 25, 2024

IPO Subscription Details


Day 1Jan 23, 2024

0.97x 2.29x 1.63x

Day 2Jan 24, 2024

1.44x 3.60x 2.52x

IPO Subscription Live Status

Investor Category Subscription (Times)
Non-Institutional Buyers* 1.44
Retail Investors 3.60
Total 2.52

About Company

Brisk Technovision Ltd is currently engaged in the business of providing information technology solutions to corporate customers. The primary business of the company is to provide various third-party hardware products, such as servers, desktops, personal computers and laptops, as well as third-party software to Indian corporate customers. Moreover, they offer other services, which include services relating to the design, supply, and installation of data centres, enterprise networking management, email management, system integration, annual maintenance contracts for hardware and system maintenance, and monitoring and managed services.  

In the last three financial years, they have begun to focus on offering more of their service offerings. Presently, predominantly, the company conducts its sales and other operations in the state of Maharashtra. 

The company procures servers, laptops, desktops and other allied products from the OEMs or original equipment manufacturers as per the requirements of the client. They help in the sourcing of appropriate IT products, integrating the systems to work together as a unified solution, integrating the network that connects this infrastructure across different locations and managing the system to ensure high availability of IT storage, network and computing 


According to the National Association of Software and Service Companies (NASSCOM), the Indian IT industry’s revenue touched US$ 227 billion in FY 2022, a 15.5% YoY growth. An organised player like Brisk Technovision can benefit from such growth in the IT industry in future.

Brisk Technovision Ltd IPO Details

Brisk Technovision Ltd IPO Date

The dates for bidding for the Brisk Technovision IPO are January 23, 2024, to January 25, 2024.

Brisk Technovision Ltd IPO Price Band

Brisk Technovision is a fixed-price IPO. The exact price range is ₹156 per share.

Brisk Technovision Ltd IPO Lot Size

The Brisk Technovision Ltd IPO lot size is 800 shares per lot.

Brisk Technovision Ltd IPO Objectives 

This is a simple offer for sale meant to provide the promoters with the opportunity to sell their shares.

Peer Details

As per RHP, there are no listed peers of Brisk Technovision in India.

How To Check the Allotment Status of the Brisk Technovision Ltd IPO?

A: Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Brisk Technovision Ltd 

Registered office: 135, Damji Shamji Industrial Premises CHS Limited, LBS Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India.

Phone: 022 2577 5648

E-mail: secretarial@brisk-india.com

Company Financials

Financial year ( ₹ lakh) Year Ending on March 31, 2023 Year Ending on March 31, 2022 Year Ending on March 31, 2021
Total Income 1,840.30 2,207.63 1,691.02
Profit After Tax 198.90 109.54 14.51
Return on Capital Employed 54.71% 47.77% 15.64%
Return on Equity 41.56% 35.61% 7.33%
Current Ratio 3.22 1.77 1.37

Know before investing


  1. Brisk Technovision provides an extensive range of IT Infrastructure solutions and third-party IT products and software. This diversification of offerings helps increase revenue channels.

  2. They intend to scale up in terms of geographical presence.

  3. The vast experience of the promoters and other management teams enables them to offer cost-effective solutions.


  1. Most of the business operations are in and from the state of Maharashtra. This results in the geographic concentration of business operations.

  2. Their revenue is highly dependent on a few customers. During Fiscal 2023, Fiscal 2022 and Fiscal 2021, their top 5 customers accounted for 80.95%, 89.52%, and 87.70%, respectively. This can present a risk to the stability of their revenues.

  3. During Fiscal 2023, Fiscal 2022 and Fiscal 2021, about 58.45%, 72.22% and 64.45% of their input purchases are from their top 5 suppliers, respectively. This can present a risk to their supply chain.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Brisk Technovision Ltd IPO FAQs

What is Brisk Technovision Ltd's IPO?

Brisk Technovision IPO is a fixed-price IPO. The dates for the IPO are January 23, 2024, to January 25, 2024.

When will Brisk Technovision Ltd's IPO be allotted?

The basis of allotment will be finalised on January 29, 2024. The credit of shares to the demat accounts will take place on January 30, 2024.


When will Brisk Technovision Ltd's IPO open for subscription?

The IPO subscription window is from January 23, 2024, to January 25, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for the IPO will be 800 shares per lot.

When will Brisk Technovision Ltd list on exchanges?

Brisk Technovision Ltd will be listed on the BSE SME on January 31, 2024.

What would be the listing gains on the Brisk Technovision Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is January 31, 2024.


I have finished the application process for the Brisk Technovision Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Brisk Technovision Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Brisk Technovision Ltd using one PAN?

You can submit only one application using your PAN card.