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
Infrastructure.
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:
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- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
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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
Strengths
3Brisk Technovision provides an extensive range of IT Infrastructure solutions and third-party IT products and software. This diversification of offerings helps increase revenue channels.
They intend to scale up in terms of geographical presence.
The vast experience of the promoters and other management teams enables them to offer cost-effective solutions.
Risks
3Most of the business operations are in and from the state of Maharashtra. This results in the geographic concentration of business operations.
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.
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.
