Benchmark Computer Solutions Limited IPO Detail
Incorporated in 1995, Benchmark Computer Solutions Limited is an IT infrastructure solutions, technology consulting and software development company.The company leverages its deep understanding of its customers' businesses and applies a combination of advanced technologies and expertise to develop customised solutions that deliver differentiated results.The company has deep domain expertise across all industries and technological expertise in traditional and emerging technologies.
The company provides the following services:-
- IT Infrastructure Solutions
- Software and Web-Based Application Development Services
- Annual Maintenance Contract (AMC) and Facility Management Services (FMS)
Company Promoters
Mr. Dhananjay Vrindawan Wakode and Mr. Hemant Muddanna SanilIPO Details
| IPO Opening Date | Dec 14, 2023 |
| IPO Closing Date | Dec 18, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹12.24 Cr |
| Fresh Issue | ₹12.24 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 2.88x | 14.21x | 8.54x | |
| Day 2 | - | - | 7.67x | 52.47x | 30.05x | |
| Day 3 | - | - | 178.89x | 295.13x | 242.22x |
IPO Tentative Timetable
The Benchmark Computer Solutions Limited IPO open date is Dec 14, 2023, and the close date is Dec 18, 2023. The issue may list on Dec 21, 2023.
| IPO Open Date | Dec 14, 2023 |
| IPO Close Date | Dec 18, 2023 |
| Basis of Allotment Date | Dec 19, 2023 |
| Initiation of Refunds | Dec 20, 2023 |
| Credit of Shares to Demat Account | Dec 20, 2023 |
| IPO Listing Date | Dec 21, 2023 |
IPO Lot Size
The Benchmark Computer Solutions Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹132000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹132000 |
| Maximum | 1 | 2000 | ₹132000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99% |
| Post Issue Share Holding | 72.27% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1598.29 | 1508.39 | 96.77 |
| 31-Mar-22 | 1797.39 | 1904.38 | 82.66 |
| 31-Mar-23 | 2443.78 | 3241.49 | 202.87 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. Capital Expenditure
2. Working Capital Requirement
3. General Corporate Purpose
4. To meet Public Issue Expenses
Benchmark Computer Solutions Limited IPO Registrar:
KFin Technologies Limited
Benchmark Computer Solutions Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Benchmark Computer Solutions Limited
Unit No 2, 2nd Flr, Jyoti Wire House,
Plot No 23A Shah Indl. Estate,
Veera Desai Road, Andheri (W), Mumbai, 400053,
