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Brisk Technovision Limited IPO Review

brisk technovision private limited is a company that specializes in offering IT solutions to businesses. Their focus includes providing third-party hardware like servers, desktops, and laptops, along with third-party software to Indian corporate clients. They also provide services such as data center design, networking management, email management, system integration, and annual maintenance contracts for hardware. In the past three financial years, they have increasingly emphasized expanding their service offerings.

brisk technovision pvt ltd Mr. Sankaranarayanan Ramasubramanian and Mr. Ganapati Kenkre are the founders of their company, bringing extensive expertise in information technology, sales, and marketing to the forefront. The rise of Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) in cloud computing has transformed the conventional Data Centre Services model. Despite this, Data Centre Services remain crucial for the IT Infrastructure of big companies. As digital changes reshape business and operations, Data Centre infrastructure and operations must adapt to new demands and cost-effectiveness.

Brisk Technovision Limited Products and Services

Brisk Technovision Limited create products using cutting-edge software technologies, ensuring they are flexible, scalable, and strong. Their business caters to Data Centres, Enterprises, Pharma, and Banking, offering complete solutions from Hardware and Software to Services and support. Their proficiency in CSV and the advanced technology Chromeleon gives them unparalleled solutions for HPCL and CSV. They adhere to committed SLAs and deliver excellent services tailored to customer requirements.

brisk technovision pvt. ltd expertise in the industry is a significant advantage, allowing them to grow their presence in both current and desired markets by understanding and meeting customer needs. Their Strengths are System Integration, Data Centre Services, their Strengths are Experienced Promoters and proven management team, their solutions are robust, trusted & Industry proven, well-trained employee base and their strong technical and execution capabilities. A cash rich company which has been making profit every year for more than a decade. Their Strategies are Build-up a professional organization and attract bright talents, to expand in additional geographic areas, continue to develop client relationship and expand their client base, continue to develop client relationship, and expand their client base, continue to focus on providing Customer Centric Services and Offerings.

Financial Overview

Over the past three fiscal years, the company has recorded a combined revenue and net profit of Rs. 16.91 crore / Rs. 0.15 crore (FY21), Rs. 22.08 crore / Rs. 1.10 crore (FY22), and Rs. 18.40 crore / Rs. 1.99 crore (FY23). In the first half of FY24, which concluded on September 30, 2023, the company achieved a net profit of Rs. 1.53 crore with a total income of Rs. 15.77 crore.

The company operates in a fiercely competitive and diverse market for IT solutions and related services. Considering the projected annual earnings for FY24, the current stock offering seems to be adequately valued. The main worry revolves around whether the profit margins can be maintained in the future. Since this is solely a secondary offering with no funds directed to the company, there's no harm in avoiding this relatively expensive Offer for Sale (OFS).