Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Thu, Dec 14, 2023 - Mon, Dec 18, 2023
Benchmark Computer IPO is a fixed price issue of ₹12.24 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹12.24 crore.
Benchmark Computer IPO bidding started from Dec 14, 2023 and ended on Dec 18, 2023. The allotment for Benchmark Computer IPO was finalized on Dec 19, 2023. The shares got listed on BSE SME on Dec 21, 2023.
Benchmark Computer IPO price is ₹66 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,64,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Benchmark Computer IPO RHP for detailed Information.
IPO Open
Thu, Dec 14, 2023
IPO Close
Mon, Dec 18, 2023
Issue Price
₹66 per share
Market Cap (Pre-IPO)
₹45.30 Cr
| IPO Date | 14 to 18 Dec, 2023 |
| Listed on | Thu, Dec 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,54,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 96,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹0.6336 Cr) |
| Fresh Issue (Ex Market Maker) | 17,58,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 17,58,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 50,10,000 shares |
| Share Holding Post Issue | 68,64,000 shares |
| BSE Script Code | 544052 |
| ISIN | INE0Q2Z01013 |
Benchmark Computer IPO comprises a total issue size of 18,54,000 shares. The net offer to the public is 17,58,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,78,000 (49.94%) allocated to NII 8,80,000 (50.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,78,000 | 49.94% | 47.36% |
| Retail Shares Offered | 8,80,000 | 50.06% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.18% | |
| Total Shares Offered | 18,54,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,32,000 |
| Retail (Max) | 1 | 2,000 | ₹1,32,000 |
| HNI (Min) | 2 | 4,000 | ₹2,64,000 |
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:-
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 22.74 | 24.44 | 17.97 | 15.98 |
| Total Income | 13.23 | 32.41 | 19.04 | 15.08 |
| Profit After Tax | 0.96 | 2.03 | 0.83 | 0.97 |
| NET Worth | 13.85 | 12.90 | 10.87 | 10.01 |
| Reserves and Surplus | 8.84 | 12.89 | 10.86 | 10.00 |
| Total Borrowing | 5.25 | 5.53 | 4.35 | 4.13 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 3.90 |
| 2 | Working Capital Requirement | 3.80 |
| 3 | General Corporate Purpose | 2.98 |
| KPI | |
|---|---|
| ROE | 17.08% |
| ROCE | 18.88% |
| Debt/Equity | 0.43 |
| RoNW | 15.73% |
| PAT Margin | 6.35% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.05 | |
| P/E (x) | 16.3 | 23.66 |
| Promoter Holding | 99% | 72.27% |
| Market Cap | ₹45.30 Cr. |
The Benchmark Computer Solutions IPO is subscribed 484.49 times on December 18, 2023 6:56:00 PM (Day 3). The public issue subscribed 590.26 times in the retail category, [.] times in the QIB category, and 357.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 357.89 | 8,80,000 | 31,49,44,000 |
| Retail | 590.26 | 8,78,000 | 51,82,48,000 |
| Total | 484.49 | 17,58,000 | 85,17,28,000 |
Total Application : 1,67,760
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.20 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising and Printing Expenses | 0.05 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees payable to Peer Review Auditor | 0.03 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 1.10 |
| 9 | Escrow Bank Fees | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹80.00 |
| Low | ₹76.00 |
| High | ₹81.00 |
| Last Trade | ₹77.12 |
Lead Manager Reports
Benchmark Computer IPO is a SME IPO of 18,54,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Dec 14, 2023, and closes on Mon, Dec 18, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Benchmark Computer IPO using UPI as a payment gateway. Zerodha customers can apply in Benchmark Computer IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Benchmark Computer IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Benchmark Computer IPO opens on Thu, Dec 14, 2023 and closes on Mon, Dec 18, 2023.
Benchmark Computer IPO lot size is 2000, and the minimum amount required for application is ₹1,32,000.
You can apply in Benchmark Computer IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Benchmark Computer IPO will be done on Tuesday, December 19, 2023, and the allotted shares will be credited to your demat account by Wed, Dec 20, 2023. Check the Benchmark Computer IPO allotment status.
The Benchmark Computer IPO listing date is on Thu, Dec 21, 2023.
