Brisk Technovision Limited specializes in providing information technology solutions to corporate clients in India.
The company’s main focus is to offer third-party hardware products such as servers, desktops, personal computers, and laptops, as well as third-party software to Indian corporate customers. In addition, they also provide other services including design, supply, and installation of data centers, enterprise networking management, email management, system integration, and annual maintenance contracts (AMC) for hardware and system maintenance, monitoring, and managed services.
IPO Review
| Parameters | Score (0-5) | Comments |
|---|---|---|
| Promotors/Sr. Management & Work Ethics | 3 | Well experienced promotors. No red flags as per the RHP – open criminal proceedings, etc. except a few open tax proceedings. |
| Company Financials | 3 | Good growth is seen in the company’s top-line and bottom-line performance. However the numbers are not consistent. |
| Segment Growth Opportunity | 3 | Very fragmented sector, highly competitive with good growth at sector level. |
| Asking Valuation (compared with Peers) | 3 | Asking PE is ~11x, peers in the range of 10-25x. |
| Lead Manager’s past performance | 3 | Had just one prior listing, which was at the premium of 5% |
| Consolidated Score | 3 |
Disclaimer – This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.
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