Benchmark Computer Solutions IPO is a fixed price issue of Rs 12.24 crores. The issue is entirely a fresh issue of 18.54 lakh shares.
Benchmark Computer Solutions IPO opens for subscription on December 14, 2023 and closes on December 18, 2023. The allotment for the Benchmark Computer Solutions IPO is expected to be finalized on Tuesday, December 19, 2023. Benchmark Computer Solutions IPO will list on BSE SME with tentative listing date fixed as Thursday, December 21, 2023.
Benchmark Computer Solutions IPO price is ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹264,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Benchmark Computer Solutions IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Benchmark Computer Solutions IPO is Spread X Securities.
Refer to Benchmark Computer Solutions IPO RHP for detailed information.
Benchmark Computer Solutions IPO Details
| IPO Date | December 14, 2023 to December 18, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,854,000 shares (aggregating up to ₹12.24 Cr) |
| Fresh Issue | 1,854,000 shares (aggregating up to ₹12.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,010,000 |
| Share holding post issue | 6,864,000 |
| Market Maker portion | 96,000 shares Spread X Securities |
Benchmark Computer Solutions IPO Reservation
Benchmark Computer Solutions IPO offers 1,854,000 shares. 880,000 (47.46%) to NII, 878,000 (47.36%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 96,000 (5.18%) |
| Other Shares Offered | 880,000 (47.46%) |
| Retail Shares Offered | 878,000 (47.36%) |
| Total Shares Offered | 1,854,000 (100%) |
Benchmark Computer Solutions IPO Timeline (Tentative Schedule)
Benchmark Computer Solutions IPO opens on December 14, 2023, and closes on December 18, 2023.
| IPO Open Date | Thursday, December 14, 2023 |
| IPO Close Date | Monday, December 18, 2023 |
| Basis of Allotment | Tuesday, December 19, 2023 |
| Initiation of Refunds | Wednesday, December 20, 2023 |
| Credit of Shares to Demat | Wednesday, December 20, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 18, 2023 |
Benchmark Computer Solutions IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| HNI (Min) | 2 | 4,000 | ₹264,000 |
| Lot Size Calculator |
Benchmark Computer Solutions IPO Promoter Holding
The Promoters of the company are Mr. Dhananjay Vrindawan Wakode and Mr. Hemant Muddanna Sanil
| Share Holding Pre Issue | 99% |
| Share Holding Post Issue | 72.27% |
About Benchmark Computer Solutions Limited
Incorporated in October 2002, Benchmark Computer Solutions Limited is a technology consulting and software development company specializing in IT infrastructure solutions.
The company provides IT infrastructure solutions, software and web-based application development services, annual maintenance contracts (AMC) and facility management services (FMS).
The company’s core business is divided into three segments:-
- IT infrastructure solutions
- Software and web-based application development
- Annual Maintenance Contract (AMC) and Facility Management Services (FMS)
Benchmark provides end-to-end technology-related services, including IT infrastructure and software development services. The company provides service models such as IaaS (Infrastructure as a Service) and SaaS (Software as a Service). The company has partnerships with various OEMs, including HP (via the HP Amplify Membership Program), SafeAeon (SafeAeon Partner Ecosystem Program), Veeam, Vertiv, Lenovo, Konica Minolta Business Solutions and Dell Technologies.
Benchmark Computer Solutions recorded total income from operations of Rs. 1,297.65 lacs, Rs. 3,194.69 lacs and Rs. 1,864.32 lacs for the period ended September 30, 2023 and for the financial years 2022-23 and 2021-22, respectively.
Benchmark Computer Solutions Limited Financial Information (Restated)
Benchmark Computer Solutions Limited’s revenue increased by 70.21% and profit after tax (PAT) rose by 145.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,273.87 | 2,443.78 | 1,797.39 | 1,598.29 |
| Revenue | 1,322.52 | 3,241.49 | 1,904.38 | 1,508.39 |
| Profit After Tax | 95.67 | 202.87 | 82.66 | 96.77 |
| Net Worth | 1,385.18 | 1,289.51 | 1,086.64 | 1,000.92 |
| Reserves and Surplus | 884.18 | 1,288.51 | 1,085.64 | 999.92 |
| Total Borrowing | 524.84 | 553.07 | 434.68 | 413.13 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 16.3 |
| ROE | 17.08% |
| ROCE | 18.88% |
| Debt/Equity | 0.43 |
| EPS (Rs) | 4.05 |
| RoNW | 15.73% |
Check Benchmark Computer Solutions IPO Peer Comparison here.
Objects of the Issue (Benchmark Computer Solutions IPO Objectives)
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 IPO Review (May apply)
[Dilip Davda] The company is engaged in IT related services and products. The company is operating in a highly competitive and fragmented segment. It has posted inconsistency in its net profits for the reported periods. Based on FY24 annualized super earnings, the issue appears greedily priced. The small equity base post-IPO indicates at longer gestation for migration to mainboard. Well-informed investors may park moderate funds for the medium term. Read detail review…
Benchmark Computer Solutions IPO Subscription Status (Bidding Detail)
The Benchmark Computer Solutions IPO is subscribed 4.16 times on December 14, 2023 2:56:00 PM (Day 1). The public issue subscribed 7.71 times in the retail category, [.] times in the QIB category, and 0.62 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.62 | 8,80,000 | 5,48,000 |
| Retail | 7.71 | 8,78,000 | 67,66,000 |
| Total | 4.16 | 17,58,000 | 73,14,000 |
Total Application : 3,535
*Market Maker portion is not included to NII/HNI.chmark Computer Solutions Limited Contact Details
Benchmark Computer Solutions Limited
Unit No 2, 2nd Floor, Jyoti Wire House,
Plot No 23A Shah Indl. Estate,
Veera Desai Road, Andheri (W), Mumbai, 400053,
Phone: 022-40822104
Email: info@benchmarksolution.com
Website: https://www.benchmarksolution.com/
Benchmark Computer Solutions IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bcsl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/V