Brisk Technovision Limited IPO

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The overview provided describes this company’s engagement in delivering information technology solutions, primarily to corporate customers in Maharashtra, India. Here’s a concise explanation of the key aspects:

Primary Business Activities:

    • Hardware Sales: this company supplies third-party hardware like servers, desktops, personal computers, and laptops.
    • Software Sales: Provision of third-party software to Indian corporate clients.
    • Service Offerings: This includes design, supply, and installation of data centers, enterprise network management, email management, system integration, and annual maintenance contracts (AMC) for hardware and system maintenance.

Financial Performance:

    • The revenue details for the last three years and the six months ending September 30, 2023, show a mix of revenues from sales of goods and services, with an emphasis on expanding service offerings in recent years.

Company Leadership:

    • The company is led by Mr. Sankaranarayanan Ramasubramanian and Mr. Ganapati Kenkre, both of whom have extensive experience in information technology, sales, and marketing.

Certifications and Registrations:

  • The company is ISO 9001:2015 and ISO 27001:2013 certified, indicating adherence to quality management and IT infrastructure management standards. It is also registered as a Micro, Small and Medium Enterprise (MSME).

Location:

  • The registered office is in Mumbai, Maharashtra.

Business Operations:

    • System Integration: Collaborating with Original Equipment Manufacturers (OEMs), your company offers end-to-end services in setting up and managing IT infrastructure. This includes sourcing IT products, integrating systems for unified solutions, and managing IT storage, network, and computing infrastructure.
    • Data Centre Services: Providing services like hyper-converged infrastructure, server virtualization, enterprise backup, and more.
    • Managed Services: Offering skilled personnel to clients for managing IT infrastructure and applications, with expertise across various levels of application support and infrastructure management.

Business Process:

    • The process involves understanding client requirements, aligning with OEMs, preparing and finalizing quotations, and executing orders. This includes managing the entire lifecycle from prospecting to project completion and support.

In summary, this company operates in the IT sector, providing both products (hardware and software) and services (like system integration, data center services, and managed services) with a focus on corporate clients in Maharashtra. It demonstrates a mix of technical expertise, industry certifications, and a strategic approach to business operations and customer engagement.

Objects of the Brisk Technovision Limited IPO:

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.
DRHP of Brisk Technovision Limited IPO
RHP of Brisk Technovision Limited IPO

Brisk Technovision Limited IPO Details:

Open Date: Jan 23 2024
Close Date: Jan 25 2024
Total Shares: 800,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 12.48 Cr.
Lot Size: 800 Shares
Issue Price: ₹ 156 Per Equity Share
Listing At: BSE SME
Listing Date: Jan 31 2024

Promoters And Management:

Sankaranarayanan Ramasubramanian, Executive Chairman and co-founder of the Company, holds an electrical engineering degree from the University of Madras (1970) and diplomas in business management (1983) and marketing management (1985) from the University of Bombay. With over 40 years of professional experience, he has played a pivotal role in the Company since its inception. Appointed as Executive Director and Chairperson in June 2023, he oversees the marketing, accounts, and finance departments. His career includes roles as assistant purchase officer at Mazagaon Docks Limited (1971-1976), resident engineer at Cable Corporation of India Limited (1981-1983), regional coordination installation manager at Hindustan Computers Limited (1983-1985), marketing manager at Chowgule Industries Limited (1985-1990), and director at Brisk Electronics Private Limited (1992-2017). Ganapati Chittaranjan Kenkare, a key Promoter and the Managing Director of the Company, graduated in electronics and telecommunication engineering from the University of Poona in 1983. With a rich experience spanning over 35 years, he has been integral to the Company since its foundation and was appointed Managing Director on June 28, 2023. His responsibilities include overseeing the marketing, commercial, and technical aspects of the Company. His career trajectory includes roles as a senior field engineer at DCM Data Products (1983-1987), a stint at Wipro Information Technology Limited in 1987, and a long tenure as director overseeing operations, marketing, and sales at Brisk Electronics Private Limited from 1991 to 2017. Sankara Subramaniam Ramnath serves as an Independent Director of the Company. He holds a Bachelor's degree in Commerce from the University of Bombay (1976) and is a qualified cost and works accountant (1981) and chartered accountant (1982). With over 34 years of experience in business strategy, project conceptualization and execution, new product launches, operations, and financial management, he has been contributing to the Company as an Independent Director since June 30, 2023.

Financials of Brisk Technovision Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
6M-FY24
Revenue from Operations 1,686 2,205 1,831 1,567
Other Income 5 3 9 10
Total Revenue 1,691 2,208 1,840 1,577
Purchase of Stock-in-trade 1,153 1,621 993 1,161
Changes in inventories 25 -27 49 -81
Employees Benefit Expenses 431 381 416 241
Other Expenses 46 83 119 52
EBITDA 36 150 264 205
Depreciation & Amortisation 5 3 2 0.7
Finance costs 2 2 0.5 0.1
EBIT 31 147 262 204
OPM (%) 2.13% 6.80% 14.35% 12.98%
PBT 29 145 261 204
Tax 15 36 62 51
PAT 15 110 199 152
NPM (%) 0.86% 4.96% 10.81% 9.67%
No.of Shares 20 20 20 20
EPS 0.72 5.47 9.94 7.62

Comparison With Peers:

Note: - There are no listed companies in India and abroad that is into the similar line of business of the Company.

Recommendation on Brisk Technovision Limited IPO:

Review and Recommendation on Brisk Technovision SME IPO by IZ team is 2/10

Lead Manager of Brisk Technovision Limited IPO:

  1. Sun Capital Advisory Services (P) Ltd

Registrar of Brisk Technovision Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

  1. Brisk Technovision Limited 135, Damji Shamji Industrial Premises CHS Limited, LBS Marg, Vikhroli (West), Mumbai-400083, Phone: 022 2577 5648 Email: secretarial@brisk-india.com Website: https://brisk-india.com/

Discussion on Brisk Technovision Limited IPO:

1 Comment

    1. It is a trading company and somehow showing excellent NPM growth in FY23.
    2. And, best part is they do not need money, So coming for an OFS of 12 cr
    3. Avoid

    Reply

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