Brisk Technovision SME IPO GMP

Brisk Technovision Limited, a prominent player in the IT infrastructure management sector, is set to launch its SME IPO at the BSE SME Exchange. The IPO comes with a total issue size of Rs 12.48 Cr, consisting entirely of an Offer for Sale (OFS). Investors have the opportunity to apply for this SME IPO from January 23 to January 25, 2024, with the face value of each share being Rs 10. The issue price is fixed at Rs 156 per share, and investors can apply by buying at least one lot of 800 shares or its multiples.

Also Read: Upcoming IPO in India

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Brisk Technovision IPO GMP:

The Grey Market Premium (GMP) is an important indicator in the pre-listing phase of an IPO. It represents the price at which an IPO is traded in the unofficial and unregulated grey market. The GMP provides insights into market sentiment and expectations regarding the IPO’s performance on the listing day.

Here is the GMP data for Brisk Technovision SME IPO: [ Last Updated: 31 Jan, 2024; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
31-01-2024Rs 156.00₹3521300Rs 191 (22.44%)
30-01-2024Rs 156.00₹3521300Rs 191 (22.44%)
29-01-2024Rs 156.00₹3521300Rs 191 (22.44%)
28-01-2024Rs 156.00₹3521300Rs 191 (22.44%)
27-01-2024Rs 156.00₹3521300Rs 191 (22.44%)
26-01-2024Rs 156.00₹3521300Rs 191 (22.44%)
25-01-2024Rs 156.00₹3521300Rs 191 (22.44%)
24-01-2024Rs 156.00₹0Rs 156 (0%)
23-01-2024Rs 156.00₹0Rs 156 (0%)
22-01-2024Rs 156.00₹0Rs 156 (0%)
21-01-2024Rs 156.00₹0Rs 156 (0%)
20-01-2024Rs 156.00₹0Rs 156 (0%)
19-01-2024Rs 156.00₹0Rs 156 (0%)
18-01-2024Rs 156.00₹0Rs 156 (0%)
17-01-2024Rs 156.00₹0Rs 156 (0%)

Investors are advised to check the live GMP status on platforms like Stockesta.com for the latest information on upcoming and closed IPOs.

Also Read: When Can a Company Go for IPO in India

Understanding IPO GMP:

The IPO grey market premium is a key factor that influences investor sentiment. A positive GMP suggests potential profits, while a negative GMP indicates a likelihood of the IPO being at a discount. However, it’s crucial to note that IPO GMP is subject to extreme volatility, and making investment decisions solely based on this metric can be risky.

About Brisk Technovision:

Founded in March 2007, Brisk Technovision is a company specializing in providing IT solutions to corporate clients. Their offerings include third-party hardware products, software solutions, data center design, setup and installation, enterprise network management, email management, system integration, and annual maintenance contracts (AMC).

The company’s products are known for their flexibility, scalability, and robustness. Brisk Technovision focuses on high-end products such as Oracle Solutions, SD WAN Solutions, Accop’s Citrix, VM Ware, Chromeleon & CSV Services, and expects significant growth in these areas.

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

Strengths of Brisk Technovision:

  1. Experienced promoters and proven management team.
  2. Robust, trustworthy, and proven IT solutions in the industry.
  3. Wide range of hardware and software products for different customer segments.
  4. Well-trained employee base and strong technical and execution capabilities.
  5. Consistent profitability for over a decade.

Objective of Brisk Technovision SME IPO:

The company will not receive any proceeds from the IPO, as the entire amount will go to the Selling Shareholders. The listing of Equity Shares is expected to enhance visibility, brand image, goodwill, and liquidity for shareholders, providing a public market for the shares in India.

Brisk Technovision SME IPO Dates:

  • SME IPO Open Date: 23-01-2024
  • SME IPO Close Date: 25-01-2024
  • Basis of Allotment Finalisation Date: 29-01-2024
  • Refunds Initiation Date: 30-01-2024
  • Credit of Shares to Demat Account Date: 30-01-2024
  • SME IPO Listing Date: 31-01-2024

Conclusion:

Investors eyeing the Brisk Technovision SME IPO should consider factors beyond just the IPO GMP. While it provides insights into market sentiment, a thorough analysis of the company’s fundamentals, growth prospects, and industry trends is essential for making an informed investment decision. Always consult with financial experts and conduct due diligence before investing in any IPO.

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Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
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