Benchmark Computer Solutions IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 18, 2023Let’s have a detailed review of the company and analytics of the Benchmark Computer Solutions IPO release date, IPO offer price, subscription, Benchmark Computer Solutions Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 66 |
| Listing At | BSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | December 21, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1224 Lakh |
| IPO Size | Rs 1224 Lakh |
| Tick Size | 1 |
Benchmark Computer Solutions IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Benchmark Computer Solutions Share Price |
Benchmark Computer Solutions IPO – Summary
Their Company was originally incorporated as “Benchmark Computer Solutions Private Limited” as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated October 31, 2002, issued by the Assistant Registrar of Companies, Mumbai, Maharashtra.
Subsequently, Their Company was converted from a private limited company to a public limited company pursuant to Shareholders’ resolution passed in the Extra-Ordinary General Meeting of the company dated June 12, 2023.
The Promoter of this company is MR. DHANANJAY VRINDAWAN WAKODE AND MR. HEMANT MUDDANNA SANIL. The lead manager of the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is KFIN TECHNOLOGIES LIMITED.
Benchmark Computer Solutions IPO Date
The opening and closing dates of Benchmark Computer Solutions IPO are December 14, 2023 and December 18, 2023, respectively.
Benchmark Computer Solutions IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 14th Dec | 2.88x | 14.21x | 8.54x |
| 2nd Day -15th Dec | 7.67x | 52.47x | 30.05x |
| 3rd Day – 18th Dec | 357.89x | 590.26x | 484.49x |
| Shares Offered or Net Issue | 880,000 | 878,000 | 1,854,000 |
The shares subscribed by the public will be updated here.
Benchmark Computer Solutions IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Benchmark Computer Solutions Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 19, 2023 |
| Refunds Initiation | December 20, 2023 |
| Credit of Shares to Demat Account | December 20, 2023 |
| Share Listing Date | December 21, 2023 |
Benchmark Computer Solutions IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.66
Benchmark Computer Solutions IPO Equity Size
This Initial Public Issue of 1,854,000 Equity Shares of Rs.10 each for cash at a price of Rs.66 per equity share aggregating to Rs.1224 Lakh.
Benchmark Computer Solutions IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,854,000 Equity Shares of Rs.10/ each.
Issue Size: 1,854,000 Equity Shares of Rs.10 each, aggregating to Rs.1224 Lakh
Open Free Demat Account Now!
Benchmark Computer Solutions IPO – Live Performance
The listing date of this IPO is December 21, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Benchmark Computer Solutions Share Price |
Benchmark Computer Solutions IPO Grey Market Premium
The Benchmark Computer Solutions Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Benchmark Computer Solutions IPO – Company Overview
Benchmark Computer Solutions Limited is an IT infrastructure solutions and technology consultancy and software development company. Their Company provides end-to-end technology and 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 Service portfolio of the company comprises IT Infrastructure solutions, Software and Web Based Application Development Services Annual Maintenance Contracts (AMC) and Facility Management Services (FMS).
Using its extensive understanding of its customers’ businesses and leveraging a combination of advanced technologies and expertise, the company provides tailored solutions designed to deliver differentiated outcomes. The Company has deep domain knowledge across industry sectors and technology expertise across traditional and new-age technologies.
Benchmark Computer Solutions IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2,443.78 | 1,797.39 | 1,598.29 |
| *Total Revenue | 3,241.49 | 1,904.38 | 1,508.39 |
| Total Expense | 2,966.90 | 1,777.88 | 1,387.14 |
| Profit After Tax | 202.87 | 82.66 | 96.77 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 4.05 | 1.65 | 1.93 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 202.87 Lakh, Rs. 82.66 Lakh and Rs. 96.77 Lakh respectively.
Benchmark Computer Solutions IPO – Promoters
The Promoter of this company is:
- MR. DHANANJAY VRINDAWAN WAKODE
- MR. HEMANT MUDDANNA SANIL
List of Related Parties (Key Managerial Personnel)
- Dhananjay Vrindawan Wakode – Chairman and Managing Director
- Hemant Muddanna Sanil – Whole-time Director
- Savita Hemant Sanil – Executive Director
- Girish Kumar Joshi – Independent Director
- Satish Inani – Independent Director
Benchmark Computer Solutions IPO – Promoters Holding
- Pre-Issue Share Holding – 99%
- Post-Issue Share Holding – 72.27%
Benchmark Computer Solutions IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,854,000 Equity Shares aggregating up to Rs.1224 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 96000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 1758000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 879000 Equity Shares |
| Other than Retail Individual Investors | Not more than 879000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 5010000 Equity Shares |
| Equity Shares outstanding after the Issue | 6864000 Equity Shares |
Benchmark Computer Solutions IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Capital Expenditure
- Working Capital Requirement
- General Corporate Purpose
- To meet Public Issue Expenses
Benchmark Computer Solutions IPO – Business Strategy
- Leveraging their market skills and relationship
- Maintaining an edge over competitors
- Customer Satisfaction
Benchmark Computer Solutions IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Ability to provide customized and integrated IT solutions
- Experienced Promoter and Management Team
- Long-standing relationships with their customers
- Wide range of Service Portfolio
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 4.05 | 15.73% | 25.74 |
| 31-Mar-22 | 1.65 | 7.61% | 21.69 |
| Mar-21 | 1.93 | 9.67% | 19.98 |
Benchmark Computer Solutions IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operation (Rs. in Lakhs) | |
| Benchmark Computer Solutions Limited | 10 | [●] | 4.05 | 15.73% | 3,194.69 |
| Listed Peers | |||||
| Silver Touch Technologies Limited | 10 | 51.24 | 7.14 | 9.70% | 15,219.54 |
| Dynacons Systems & Solutions Limited | 10 | 11.25 | 27.71 | 31.92% | 80,414.50 |
Benchmark Computer Solutions IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: Shilp Corporate Park, B Block, 13th Floor, B-1311-1314, Near Rajpath Club, Rajpath Rangoli Road, S.G. Highway, Ahmedabad, Gujarat- 380054. Telephone Number: 079 4918 5784 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
Benchmark Computer Solutions IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES LIMITED SEBI Registration Number: INR000000221 Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana, India. Tel. Number: +91 40 6716 2222; Email Id: bcsl.ipo@kfintech.com Investors Grievance Id: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: Mr. Murali Krishna CIN: L72400TG2017PLC117549 |
Benchmark Computer Solutions IPO – Other Details
- Statutory Auditor – M/s. AMS & CO. Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – NA
Benchmark Computer Solutions IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Benchmark Computer Solutions IPO
Benchmark Computer Solutions Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Benchmark Computer Solutions IPO Review FAQs
Check out various FAQs related to Benchmark Computer IPO:
What is the Issue Size of Benchmark Computer IPO?
The Company is making an initial public offer of 1,854,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Benchmark Computer IPO?
The price band for this particular IPO ranges between Rs 66. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Benchmark Computer IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 14, 2023, while the closing date is set at December 18, 2023.
What is the Benchmark Computer IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 19, 2023, refund initiation is on December 20, 2023, credit of shares is on December 20, 2023, and share listing date is on December 21, 2023.
What is the Benchmark Computer Solutions IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 21, 2023. The date, when the listing would be done, is stagnant on December 21, 2023.
Who is the Registrar of Benchmark Computer Solutions IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Benchmark Computer IPO?
Here are the promoters of this IPO – MR. DHANANJAY VRINDAWAN WAKODE AND MR. HEMANT MUDDANNA SANIL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Benchmark Computer IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Benchmark Computer IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Benchmark Computer Solutions Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 202.87, 2022 is 82.66, and 2021 is 96.77.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics