Benchmark Computer Solutions was incorporated on 31 October 2002. It is an IT infrastructure solutions provider and technology consultancy, offering end-to-end technology and technology-related services, including IT infrastructure and software development services.
| Bidding Dates |
|---|
| 14 Dec 2023 - 18 Dec 2023 |
| Subscription |
|---|
| 229.73x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 2000 | 1.9 M | ₹66 | 72.26 % | ₹122.4 M | RHP DOC |
Benchmark Computer IPO SUBSCRIPTION STATUS
18 Dec '23Benchmark Computer IPO overall subscription rate was 229.73 times the total available shares
Benchmark Computer IPO retail subscription rate was 279.53 times in the retail segment
Benchmark Computer IPO non-institutional investor subscription rate was 179.92 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
18 Dec 2023 (Day 3) | 279.53x | 179.92x | - |
15 Dec 2023 (Day 2) | 49.7x | 7.4x | - |
14 Dec 2023 (Day 1) | 13.46x | 2.74x | - |
Benchmark Computer FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 9.6 | 129.8 | -5.8 | -9.3 | 11.5% |
| FY23 | 20.3 | 319.5 | 38.6 | 21.4 | 9.8% |
| FY22 | 8.3 | 186.4 | 16.9 | 16.5 | 7.9% |
| FY21 | 9.7 | 147.0 | 4.1 | 2.7 | 10.4% |
Benchmark Computer IPO SUBSCRIPTION STATUS DETAILS
Benchmark Computer had 1.9 M shares on offer
Benchmark Computer IPO offer price was ₹66
Benchmark Computer IPO minimum Investment was ₹132000
Benchmark Computer IPO issue size was ₹ 122.4 M
Benchmark Computer had a minimum lot size of 2000 Shares per application
Benchmark Computer NUMBER OF SHARES ON OFFER
Benchmark Computer IPO IMPORTANT DATES
| Issue Open Date | 14 Dec 2023 |
| Issue close Date | 18 Dec 2023 |
| Allotment Date | 19 Dec 2023 |
| Refund Date | 20 Dec 2023 |
| Demat Account Credit Date | 20 Dec 2023 |
| Listing Date | 21 Dec 2023 |
| Listing on Exchange(s) | BSE |
| Benchmark Computer Allotment Status | Exchange |
Benchmark Computer IPO subscription opened on 14 Dec 2023, and closed on 18 Dec 2023
IPO allotment for Benchmark Computer was finalized on Tuesday, 19 Dec 2023
IPO listing for Benchmark Computer was on BSE on Thursday, 21 Dec 2023
Benchmark Computer IPO LISTING GAINS
| Issue Price (adjusted) | 66.0 |
| Listing Open Price | 80.0 |
| Listing Close Price | 77.1 |
| Listing Gain% | 21.2% |
| Current Gain% | -42.5% |
Benchmark Computer Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark Computer Solutions Ltd. | 38 | 26.1 | 7.7 | 0.1 | 0.4 | 11.1 | 7.3 | 66.9 | 50.8 | 3.4 | 99.2 | 4.9 | 99.2 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Benchmark Computer INFORMATION ON IPO ISSUE
About Benchmark Computer
Benchmark Computer Solutions was incorporated on 31 October 2002. It is an IT infrastructure solutions provider and technology consultancy, offering end-to-end technology and technology-related services, including IT infrastructure and software development services.
Object of the Issue
- Capital expenditure
- Working capital requirement
- General corporate purpose
- To meet public issue expenses
Benchmark Computer - PROMOTERS
| Name |
|---|
| Dhananjay Vrindavan Wakode |
| Hemant Muddanna Sanil |
Benchmark Computer Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Benchmark Computer Registrar to the issue
Kfin Technologies Private Limited
bcsl.ipo@kfintech.com
Benchmark Computer Strengths
Customised and integrated IT solutions
The company is an integrated IT services provider with a diverse client base. It has the ability to provide a blend of optimal functionality, value for money, commitment, and flexibility. It provides a range of services throughout the life cycle of a project
Wide range of service portfolio
The company offers a wide array of services to its clients, striving to provide one-roof solutions to any corporate engaged with it. It provides a comprehensive end-to-end solution by delivering robust and advanced IT infrastructure solutions
Benchmark Computer Risks
Certain litigations
The company, its promoters, promoter group, and group companies are party to certain litigation and claims. Any adverse decision may make them liable to liabilities/penalties and may adversely affect the business
Contingent liability
The company has several contingent liabilities and commitments which, if materialized, could affect its financial position
IPO FAQs
The promoters of the company are Dhananjay Vrindavan Wakode and Hemant Muddanna Sanil.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 66.0 - 66.0.
The IPO application opens on Dec 14, 2023 and closes on Dec 18, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Dec 19, 2023.
The refund will be credited to your account on Dec 20, 2023.
The allotted shares will be credited to your demat on Dec 20, 2023.
Benchmark Computer Solutions Ltd.’s shares listed on the stock exchanges on Dec 21, 2023.