SME

IPO ·

NSE Emerge

Bench Mark Infotech Services Ltd

Listed

Kolkata IT infrastructure integrator for networking, fibre, surveillance, data-centre and cloud projects for government and private clients.

Issue details

Price band

₹104 – ₹110

Face value

₹10

Lot size

1,200 shares

Minimum investment

₹2,64,000

Issue size

₹42.44 Cr

Fresh issue

₹37.40 Cr

Offer for sale

₹5.04 Cr

Issue type

Book Built

Exchange

NSE Emerge

Key dates

Opens

25 Sep 2026

Closes

29 Sep 2026

UPI mandate cut-off

5:00 PM on 29 Sep 2026

Allotment

30 Sep 2026

Refunds

1 Oct 2026

Shares in demat

1 Oct 2026

Listing

5 Oct 2026

Subscription and listing

Subscription

103.12x

Listing price

₹110

Registrar

KFin Technologies Ltd

Lead manager

GYR Capital Advisors Pvt Ltd

Subscription by category

QIB (Ex Anchor)

88.62x

NII *

136.92x

bNII (> ₹10L)

154.75x

sNII (< ₹10L)

101.25x

Individual Investor

96.90x

Total

103.12x

Total applications

62,781

Anchor investors

Amount raised

₹12.06 Cr

Bid date

24 Sep 2026

50% lock-in ends

29 Oct 2026

Rest lock-in ends

28 Dec 2026

Listing day

Issue price

₹110

Open

₹110.00

High

₹115.50

Low

₹104.50

Day close

₹115.50

Listing gain at open

0.00%

Issue structure

Shares reserved per category and share of the total issue

QIB

18,30,000

47.43%

Anchor Investor

10,96,800

28.43%

QIB (Ex. Anchor)

7,33,200

19.00%

NII

5,50,800

14.28%

bNII > ₹10L

3,67,200

9.52%

sNII < ₹10L

1,83,600

4.76%

Retail

12,84,000

33.28%

Market Maker

1,93,200

5.01%

Total

38,58,000

100.00%

Finaccle’s quick read

Neutral

Income up 26% and PAT up 75% in FY26 with ROE of 47.65%, D/E of 0.10 and post-issue P/E of 15.36, but PAT jumped from ₹1.48 Cr in FY24 on a small base.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Bench Mark Infotech Services is a Kolkata-based IT and digital infrastructure company that supplies, installs and commissions IT systems for government, PSU, institutional and private clients. It also provides annual maintenance and facility support, fibre optic network work, and cloud, data centre and AI lab solutions. It is a lean operation with 54 staff and FY26 total income of about ₹64 Cr.

Founded

2007

2007

Promoters

Vineet Kumar Gupta, Juli Gupta

Vineet Kumar Gupta, Juli Gupta

Products and segments

Integrated IT solutions (supply, installation, commissioning), AMC and facility support services, fibre optic infrastructure, cloud and data centre, AI lab solutions

Integrated IT solutions (supply, installation, commissioning), AMC and facility support services, fibre optic infrastructure, cloud and data centre, AI lab solutions

Promoter holding

99.99% pre-issue; 72.97% post-issue

99.99% pre-issue; 72.97% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

63.99

63.99

14.06

10.22

10.22

26.55

2.71

2.71

74.05

FY25

FY25

50.80

50.80

8.28

5.83

5.83

16.33

0.78

0.78

60.39

FY24

FY24

34.76

34.76

2.28

1.48

1.48

10.50

1.41

1.41

39.33

ROE

47.65%

ROCE

47.74%

Debt / equity

0.10

PAT margin

16.88%

P/E post issue

15.36

Market cap

₹157.00 Cr

Use of IPO money

Working capital requirements

₹30.00 Cr

General corporate purposes

₹4.59 Cr

Issue expenses

₹3.18 Cr

Strengths

✓

Repeat orders from government and institutional clients

✓

Single-window IT supply, installation and maintenance model

✓

ROE of 47.65% with near-zero debt

✓

Post-issue P/E of 15.36

Risks to watch

!

PAT rose about sevenfold from ₹1.48 Cr in two years before the IPO

!

Dependence on government and PSU tenders

!

₹30 Cr of proceeds needed for working capital

!

Small team and revenue base of about ₹64 Cr

!

Part OFS of about ₹5 Cr by the promoter

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.