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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 ₹66.00 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). The minimum lot size investment for 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 Date | December 14, 2023 to December 18, 2023 |
| Listing Date | December 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,54,000 shares (aggregating up to ₹12.24 Cr) |
| Reserved for Market Maker | 96,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹0.6336 Cr) |
| Net Offered to Public | 17,58,000 shares (aggregating up to ₹11.60 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,10,000 shares |
| Share Holding Post Issue | 68,64,000 shares |
Benchmark Computer Solutions IPO offers total 18,54,000 shares. Out of which 8,78,000 (47.36%) allocated to NII, 8,80,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.18%) |
| NII (HNI) Shares Offered | 8,78,000 (47.36%) |
| Retail Shares Offered | 8,80,000 (47.46%) |
| Total Shares Offered | 18,54,000 (100.00%) |
Benchmark Computer IPO opens on December 14, 2023, and closes on December 18, 2023.
| IPO Open Date | Thu, Dec 14, 2023 |
| IPO Close Date | Mon, Dec 18, 2023 |
| Tentative Allotment | Tue, Dec 19, 2023 |
| Initiation of Refunds | Wed, Dec 20, 2023 |
| Credit of Shares to Demat | Wed, Dec 20, 2023 |
| Tentative Listing Date | Thu, Dec 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 18, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 |
| Total Income | 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 | ||||
The market capitalization of Benchmark Computer IPO is ₹45.30 Cr.
| KPI | Values |
|---|---|
| ROE | 17.08% |
| ROCE | 18.88% |
| Debt/Equity | 0.43 |
| RoNW | 15.73% |
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
[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...
| Listing Date | December 21, 2023 |
| BSE Script Code | 544052 |
| NSE Symbol | |
| ISIN | INE0Q2Z01013 |
| Final Issue Price | ₹66 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹80.00 |
| Low | ₹76.00 |
| High | ₹81.00 |
| Last Trade | ₹77.12 |
Benchmark Computer Solutions Ltd.
Unit No 2, 2nd Floor, Jyoti Wire House,
Plot No 23A Shah Indl. Estate,
Veera Desai Road, Andheri (W), Mumbai, 400053,
Andheri, Maharashtra
Phone: 022-40822104
Email: info@benchmarksolution.com
Website: https://www.benchmarksolution.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bcsl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Benchmark Computer IPO is a SME IPO of 18,54,000 equity shares of the face value of ₹10 aggregating up to ₹12.24 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on December 14, 2023, and closes on December 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 December 14, 2023 and closes on December 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 Wednesday, December 20, 2023. Check the Benchmark Computer IPO allotment status.
The Benchmark Computer IPO listing date is on Thursday, December 21, 2023.
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