Bench Mark Infotech Services IPO

Bench Mark Infotech Services Limited IPO is a book-built issue comprising a fresh issue and an offer for sale (OFS), aggregating up to ₹42.44 crores, comprising a fresh issue of up to 34,00,000 equity shares and an OFS of up to 4,58,000 equity shares, for a total offer of up to 38,58,000 equity shares. 

The IPO will open for subscription on Friday, September 25, 2026, and close on Tuesday, September 29, 2026, with anchor investor bidding on Thursday, September 24, 2026. The equity shares are proposed to be listed on the EMERGE Platform of the National Stock Exchange of India Limited (NSE).  

The face value of the equity shares is ₹10 each, with the price band being ₹104 - ₹110. Retail investors can bid for a minimum of ₹2,64,000, consisting of 2 lots of 2400 shares.  

GYR Capital Advisors Private Limited is the sole book-running lead manager, while KFin Technologies Limited is the registrar to the offer. Giriraj Stock Broking Private Limited will act as the Market Maker, with 1,93,200 equity shares reserved for that purpose. 

About Bench Mark Infotech Services Limited 

Incorporated in January 2007, Bench Mark Infotech Services Limited is a Kolkata, West Bengal-headquartered integrated IT and digital infrastructure solutions company with over 19 years of experience providing technology infrastructure to government departments, public sector undertakings, institutional customers, and private sector clients across India.  

The company operates as a single-window partner, designing, supplying, installing, commissioning, and maintaining networks, communication systems, surveillance, and connectivity backbone infrastructure for its clients. 

Bench Mark Infotech Services' primary registered and corporate office is located at P-118, Swami Swarupananda Sarani, Kolkata, West Bengal. The company's service offerings span LAN & WAN networking, wireless communication systems, structured cabling, multimedia and audio-visual systems, access control and surveillance solutions, and allied infrastructure services.  

It has also expanded into data storage and data centre solutions (servers, storage, virtualization, cloud services), AI lab solutions and edge computing infrastructure, and cybersecurity/data security offerings (NGFW, UTM, endpoint security, managed security services). The company is empanelled with Bharat Sanchar Nigam Limited (BSNL) as a National Level System Integrator and with RailTel Corporation of India Limited as a Business Partner and is registered as an Infrastructure Provider Category-I (IP-I).  

It also holds ISO 9001:2015 and ISO/IEC 27001:2022 certifications and maintains a branch office in Patna, along with deployed technical manpower across eastern India.  

Industry Outlook 

• The global IT services market was valued at US$1.50 trillion in 2025E and is projected to reach US$2.85 trillion by 2033, growing at a CAGR of 8.35% (2026–2033).
• Growth drivers include rising cloud adoption, AI/automation, and increasing demand for cybersecurity services amid growing cloud- and AI-related threats.
• The U.S. IT services market alone was valued at US$0.40 trillion in 2025E, projected to reach US$0.73 trillion by 2033 at a CAGR of 8.60%.
• NaaS can lower total cost of ownership by 30–50% versus traditional capex-based networking models.
• WAN-as-a-Service leads NaaS by type with 66.2% market share (2024); IT & telecom leads by end-use industry with 25.8% share (2024).
• India's IT industry is likely to hit US$350 billion by 2026, contributing ~10% of GDP; revenue grew from US$118 billion (FY15) to an estimated US$283 billion (FY25), with exports of US$224 billion.
• IT sector hiring grew 16% YoY (April 2025); non-metro cities (Udaipur, Vizag, Coimbatore, Nagpur) drove over 50% of IT hiring growth in H1 2025 versus 12–15% in Bengaluru/NCR.
• India's overall IT spending is projected to rise 11.1% YoY to US$161.5 billion in 2025, up from US$145.4 billion in 2024 (Gartner).
• India's public cloud services market is projected to grow from US$6.2 billion (2022) to US$17.8 billion by 2027, a CAGR of 23.4%.
• India's AI market is projected to reach US$28.8 billion by 2025 at a 45% CAGR; the Union Budget 2025-26 allocated ₹2,000 crore for AI adoption/infrastructure.
• Computer software & hardware sector attracted cumulative FDI inflows of ₹7,84,971 crore (US$110.70 billion) between April 2000–March 2025, ranking 2nd in FDI inflows (15.19% of cumulative FDI equity inflows). 

Bench Mark Infotech Services IPO Objectives 

The company proposes to utilise the net proceeds from the IPO for the following objectives: 

• To fund the working capital requirements of the company (up to ₹3,000.00 lakhs, phased up to ₹1,000.00 lakhs in FY 2026-27 and up to ₹2,000.00 lakhs in FY 2027-28).
• Towards general corporate expenses.  

Financial Performance of Bench Mark Infotech Services Limited 

Bench Mark Infotech Services Limited Peer Details Comparison 

Strengths and Opportunities of Bench Mark Infotech Services IPO 

1. Established execution track record across IT infrastructure, AMC, facility support, and fibre optic projects for government departments, PSUs, institutional and private clients, under an order-driven execution model with an average project completion timeline of 2–3 months.
2. Diversified OEM and vendor relationships are not dependent on a single OEM; empanelled as a National Level System Integrator with BSNL, a Business Partner with RailTel Corporation, and empanelled with NABARD. Also, a registered vendor to major PSUs/government bodies including NTPC, SAIL, IOCL, PGCIL, Indian Railways, AAI, DVC, ONGC, and CPWD.
3. Expanding service offerings in line with market demand. Networking/connectivity, security & surveillance, audio-visual/display, data centre infrastructure, and power/electrical systems to participate in larger multidisciplinary, higher-value projects.
4. Building out the sales team to improve tender participation, client acquisition, and enquiry-to-order conversion across existing and new geographies.
5. GPU-enabled computing platforms, enterprise storage, high-performance networking, and AI-ready data infrastructure, plus AI-enabled video/camera analytics, aligned with India's AI market, projected to reach US$28.8 billion by 2025 at a 45% CAGR.
6. NGFW, UTM, endpoint security, identity/access management, and managed security services are cited as drivers of the rise to 22.68 lakh cyber incidents reported in 2024 and the Digital Personal Data Protection Act's penalties of up to ₹250 crore per contravention, both of which are pushing enterprise security spend higher. 

Risks and Threats of Bench Mark Infotech Services IPO 

1. Top 10 customers contributed 94.19% of revenue in FY26 (up from 89.08% in FY25 and 91.87% in FY24); the single largest customer alone contributed 25.21% of revenue in FY26 (and as much as 60.93% in FY25).
2. Government customers contributed 73.10% of revenue in FY26, 95.01% in FY25, and 92.91% in FY24, making the company vulnerable to shifts in government IT/digital infrastructure budgets and policy.
3. A significant proportion of orders come through competitive government tenders, typically awarded to the lowest bidder, creating margin pressure risk if the company is forced to lower bid values to win contracts.
4. Top 10 suppliers accounted for 59.60% of purchases in FY26 (65.74% in FY25, 66.17% in FY24); the company has no long-term agreements with OEM vendors, exposing it to price increases or supply disruptions.
5. The company reported negative operating cash flow of ₹(676.52) lakhs in FY26 (versus positive ₹653.91 lakhs in FY25), and negative investing cash flows across all three fiscal years.
6. Attrition rate rose to 31.46% in FY26 (from 27.36% in FY25 and 22.91% in FY24), in a competitive market for skilled IT professionals.
7. Registered office and branch office are not company-owned, exposing it to lease-renewal/relocation risk. 

Bench Mark Infotech Services IPO Reservation 

Bench Mark Infotech Services IPO Promoter Holding 

The promoters of the company are Vineet Kumar Gupta and Juli Gupta. 

Bench Mark Infotech Services IPO Prospectus 

• Bench Mark Infotech Services IPO RHP 

Bench Mark Infotech Services IPO Registrar and Lead Managers 

Bench Mark Infotech Services IPO Lead Managers 

• GYR Capital Advisors Private Limited 

Registrar for Bench Mark Infotech Services IPO 

KFin Technologies Limited 

• Contact Number: +91 40 6716 2222
• Email Address: benchmarkinfo.ipo@kfintech.com 

How To Apply for Bench Mark Infotech Services IPO Online? 

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Bench Mark Infotech Services IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of the Bench Mark Infotech Services IPO? 

Steps to check IPO allotment status on Angel One’s app: 

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email. 

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Contact Details of Bench Mark Infotech Services IPO  

Registered Office: P-118, Swami Swarupananda Sarani, 4th Floor Kolkata, West Bengal, India, 700054. 

Phone: +91 8017518147 

E-mail: cs@benchmarkinfo.com