Benchmark Computer Solutions IPO GMP, Review, Price, Allotment

The Benchmark Computer Solutions IPO date has been confirmed to have started on December 14, 2023 and closes on December 18, 2023.

Using an IPO, Benchmark Computer Solutions is seeking to raise Rs 12.24 crores. Its price is ₹66 per share and The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹264,000.

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Benchmark Computer Solutions IPO GMP

The Benchmark Computer Solutions Limited IPO GMP is ₹15.

IPO Overview​

Benchmark Computer Solutions’ initial public offering (IPO) has a set price of Rs 12.24 crores. The issue is a completely new issue of 18.54 lakh shares. Benchmark Computer Solutions initial public offering (IPO) begins on December 14, 2023 and concludes on December 18, 2023. The Benchmark Computer Solutions IPO allotment is expected to be completed on Tuesday, December 19, 2023. Benchmark Computer Solutions’ first public offering (IPO) will be listed on the BSE SME on Thursday, December 21, 2023. The IPO price for Benchmark Computer Solutions is $66 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of $130,000. The minimum lot size for HNI is two lots (4,000 shares), totaling $240,000.

The company provides the following services:-

• IT Infrastructure Solutions
• Software and Web-Based Application Development Services
• Annual Maintenance Contract (AMC) and Facility Management Services (FMS)

Benchmark Computer Solutions recorded total revenue 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 IPO Details

Benchmark Computer Solutions IPO Dates	14 – 18 December 2023
Benchmark Computer Solutions Issue Price	INR 66 per share
Fresh issue	18,54,000 shares (INR 12.24 crore)
Offer For Sale	NIL
Total IPO size	18,54,000 shares (INR 12.24 crore)
Minimum bid (lot size)	2,000 shares (INR 1,32,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	BSE SME

Benchmark Computer Solutions Financial Performance

	FY 2021	FY 2022	FY 2023	H1 FY 2024
Revenue	14.70	18.64	31.95	12.98
Expenses	13.87	17.78	29.67	11.96
Net income	0.97	0.83	2.03	0.96

Benchmark Computer Solutions IPO Dates & Listing Performance

IPO Opening Date	14 December 2023
IPO Closing Date	18 December 2023
Finalization of Basis of Allotment	19 December 2023
Initiation of refunds	20 December 2023
Transfer of shares to demat accounts	20 December 2023
IPO Listing Date	21 December 2023
Opening Price on BSE SME	Coming soon
Closing Price on BSE SME	Coming soon

Company Profile​

technology-related services, including IT infrastructure and software development. The company offers IaaS (Infrastructure as a Service) and SaaS (Software as a Service) service models. HP (under the HP amplify membership programme), SafeAeon (SafeAeon Partner Ecosystem Programme), Veeam, Vertiv, Lenovo, Konika Minolta Business Solutions, and Dell Technologies are also authorised partners.

IPO Strenghts

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Benchmark Computer Solutions IPO FAQs