Benchmark Computer Solutions IPO Details

Benchmark Computer Solutions IPO is generating quite a buzz in the financial world. This fixed-price issue of Rs 12.24 crores, comprising a fresh issue of 18.54 lakh shares, is set to open for subscription from December 14, 2023, to December 18, 2023. In this article, we will dive deep into the details of the Benchmark Computer Solutions IPO, including its pricing, allotment process, financial performance, and what potential investors should keep an eye on.

Also See: Benchmark Computer Solutions IPO GMP

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Benchmark Computer IPO Details:

Let’s start by summarizing the essential details of the Benchmark Computer Solutions IPO:

IPO NameBenchmark Computer Solutions IPO
IPO DateDecember 14, 2023, to December 18, 2023
Basis of AllotmentDecember 19, 2023
Listing DateDecember 21, 2023
Face Value₹10 per share
Price₹66 per share
Lot Size2000 Shares
Total Issue Size1,854,000 shares (aggregating up to ₹12.24 Cr)
Fresh Issue1,854,000 shares (aggregating up to ₹12.24 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Shareholding Pre-Issue5,010,000
Shareholding Post-Issue6,864,000
Market Maker Portion96,000 shares

Also See: Upcoming IPO in India

Benchmark Computer IPO Reservation:

  • Retail Shares Offered: Not less than 50% of the Net Issue
  • Other Shares Offered: Not more than 50% of the Net Issue

Benchmark Computer IPO Lot Size:

Investors can bid for a minimum of 2000 shares and in multiples thereof. Here’s a breakdown of the minimum and maximum investments for retail investors and High Net Worth Individuals (HNI):

  • Retail (Min): 1 Lot, 2000 Shares, ₹132,000
  • Retail (Max): 1 Lot, 2000 Shares, ₹132,000
  • HNI (Min): 2 Lots, 4000 Shares, ₹264,000

Also Read: Benefits and Risks of Investing in IPOs

Benchmark Computer IPO Promoter Holding:

The Promoters of Benchmark Computer Solutions are Mr. Dhananjay Vrindawan Wakode and Mr. Hemant Muddanna Sanil.

  • Shareholding Pre-Issue: 99%
  • Shareholding Post-Issue: 72.27%

Also See: All IPO GMP Price Today

Benchmark Computer IPO Objectives:

The Issue Proceeds from the Fresh Issue will be utilized for:

  1. Capital Expenditure
  2. Working Capital Requirement
  3. General Corporate Purpose
  4. To meet Public Issue Expenses

Financial Performance:

Benchmark Computer Solutions Limited has shown impressive financial growth:

  • Revenue increased by 70.21% between March 31, 2022, and March 31, 2023.
  • Profit After Tax (PAT) rose by an impressive 145.43% during the same period.

About Benchmark Computer Solutions Limited:

Founded in October 2002, Benchmark Computer Solutions Limited is a technology consulting and software development company specializing in IT infrastructure solutions. They provide:

  1. IT infrastructure solutions.
  2. Software and web-based application development services.
  3. Annual maintenance contracts (AMC).
  4. Facility management services (FMS).

The company is divided into three core business segments:

  • IT infrastructure solutions
  • Software and web-based application development
  • Annual Maintenance Contract (AMC) and Facility Management Services (FMS)

Benchmark Computer Solutions provides end-to-end technology-related services, including Infrastructure as a Service (IaaS) and Software as a Service (SaaS). They have partnerships with various OEMs, including HP, SafeAeon, Veeam, Vertiv, Lenovo, Konica Minolta Business Solutions, and Dell Technologies.

Key Performance Indicators:

  • P/E (Price/Earnings) Ratio: 16.3
  • Return on Equity (ROE): 17.08%
  • Return on Capital Employed (ROCE): 18.88%
  • Debt/Equity Ratio: 0.43
  • Earnings Per Share (EPS): ₹4.05
  • Return on Net Worth (RoNW): 15.73%

IPO Registrar:

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/

Lead Manager(s):

Beeline Capital Advisors Pvt Ltd

IPO Timeline:

  • IPO Opens: December 14, 2023
  • IPO Closes: December 18, 2023
  • Basis of Allotment: December 19, 2023
  • Initiation of Refunds: December 20, 2023
  • Credit of Shares to Demat: December 20, 2023
  • Listing Date: December 21, 2023
  • Cut-off time for UPI mandate confirmation: 5 PM on December 18, 2023

Conclusion:

The Benchmark Computer Solutions IPO presents an exciting opportunity for investors to be a part of a growing technology consulting and software development company. With a strong financial track record and a clear plan for utilizing the funds raised, it’s a proposition worth considering. However, as with any investment, it’s essential to do your own due diligence and consult with financial experts before making any decisions.

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