IPO Details
Bidding Dates
14 Dec '23 - 18 Dec '23
Minimum Investment
₹132,000 / 1 Lots ( 2000 Shares )
Price Range
₹66
Maximum Investment
₹132,000 / 1 Lots ( 2000 Shares )
Retail Discount
Not Applicable
Issue Size
₹12.24 Cr
Investor category and sub category
Non-Institutional Buyers | Retail Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Dec 14, 2023
IPO Closing Date
Dec 18, 2023
Basis of Allotment
Dec 19, 2023
Initiation of Refunds
Dec 20, 2023
Credit of Shares to Demat Account
Dec 20, 2023
IPO Listing Date
Dec 21, 2023
UPI Mandate Expiry Date
Dec 18, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Dec 14, 2023 |
2.88x | 14.21x | 8.54x |
Day 2Dec 15, 2023 |
7.67x | 52.47x | 30.05x |
Day 3Dec 18, 2023 |
178.89x | 295.13x | 242.22x |
IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 178.89 |
| Retail Investors | 295.13 |
| Total | 242.22 |
About Company
Incorporated in 2002, Benchmark Computer Solutions Limited is an IT infrastructure solutions and technology consultancy and software
development company. It provides end-to-end technology and technology-related services, which include IT Infrastructure and Software Development Services.
The company earns revenue from three categories: IT Infrastructure Solutions, Software and Web Based Application Development Services and Annual Maintenance Contract (AMC) and Facility Management Services (FMS). For the period ending September 2023, it derived 88.57% of its revenue from IT Infrastructure Solutions, 9.69% from Software and Web Based Application Development Services, and the remaining 1.74% from AMC and FMS.
The Indian IT and BPM industry provides a larger contribution to the Indian economy. India’s IT industry is likely to contribute 10% to India’s GDP by 2025. India is expected to gain a significant share of the global market, with the country's investment expected to hit US$ 5 billion annually by 2025.
Benchmark Computer Solutions Limited IPO Details
Benchmark Computer Solutions Limited IPO Date
Benchmark Computer Solutions Limited IPO is a 100% fresh issue. The company is likely to raise ₹12.24 crore from fresh issue. Benchmark Computer Solutions Limited’s IPO will be listed on the BSE SME on December 21, 2023. It is a fixed-price issue IPO.
Benchmark Computer Solutions Limited IPO Price Band
The price of the IPO has been fixed at ₹66 per share.
Benchmark Computer Solutions Limited IPO Lot Size
The lot size of the IPO has been fixed at 2,000 shares.
Benchmark Computer Solutions Limited IPO Objectives
The objectives of Benchmark Computer Solutions Limited IPO are listed below
- Capital expenditure requirements.
- Working capital requirement
- General corporate purposes.
Peer Details
As per DRHP, the company has 2 listed peers given below:
- Silver Touch Technologies Limited
- Dynacons Systems & Solutions Limited
How To Check the Allotment Status of the Benchmark Computer Solutions Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Benchmark Computer Solutions Limited
Registered office: Unit No 2, 2nd Flr, Jyoti Wire House, Plot No 23A Shah Indl. Estate, Veera Desai Road, Andheri (W), Mumbai, Maharashtra400053, India
Phone: 022-40822104
E-mail:info@benchmarksolution.com
Company Financials
| Particulars ( ₹ in lakh ) | Period Ending on September 30, 2023 | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 1,322.52 | 3,241.49 | 1,904.38 | 1,508.39 |
| Profit After Tax (PAT) | 95.67 | 202.87 | 82.66 | 96.77 |
| Assets | 2,273.87 | 2,443.78 | 1,797.39 | 1,598.29 |
| Net Worth | 1,385.18 | 1,289.51 | 1,086.64 | 1,000.92 |
| Total Borrowings | 524.84 | 553.07 | 434.68 | 413.13 |
Know before investing
Strengths
2-
The company has the capability to provide customised and integrated IT solutions as it is engaged in providing IT infrastructure management, technical support services outsourcing, and a wide range of IT solutions and services to a diverse client base.
-
Looking forward, the company is focused on scaling existing services across high-end and mid-segment to capitalise on the opportunity to cater to rising acceptance and demand.
Risks
2-
The company derives a major portion of its revenue from IT infrastructure services. Any uncertainty in this segment could hamper overall business growth.
-
The company, promoters, promoters group and group companies are party to certain litigation and claims. Any adverse decision may impact its business and financial status.
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Benchmark Computer Solutions IPO FAQs
Benchmark Computer Solutions Limited IPO is a 100% fresh issue. The company is likely to raise ₹12.24 crore from fresh issue.
The Basis of Allotment will be on December 19, 2023.
The IPO subscription window will open on December 14, 2023.
The lot size of the IPO has been fixed at 2,000 shares.
Benchmark Computer Solutions Limited IPO will be listed on BSE SME. The date of listing is December 21, 2023.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
