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Bench Mark Infotech Services Limited (BMISL)

SME IPO Open
Broker ConsensusPositive

Bidding Dates

25 Sept

to 29 Sept 2026

Bidding is currently open

Price Band

₹104 - ₹104

Per Equity Share

Face Value: ₹10 per share

Minimum Investment

₹1,24,800

1200 Shares (1 Lot)

Issue Size: ₹42 Cr

IPO Subscription Bidding Status

Live Data
Investor CategorySubscription Status
Retail Individual3.6x
Qualified Institutional Buyers (QIB)2.6x
Non-Institutional Investors (NII)5.32x
Total Bids Cumulative11.52x

* Note: Subscription figures are updated in real-time on bidding days based on exchange feeds.

Tentative IPO Timetable

IPO Open Date25 Sept 2026
IPO Close Date29 Sept 2026
Basis of Allotment30 Sept 2026
Refund Initiation01 Oct 2026
Credit to Demat03 Oct 2026
Listing Date05 Oct 2026

Lot Size & Investment Limits

SEBI Limits
CategoryLotsSharesAmount
Retail Minimum1 Lot1200 Shares₹1,24,800
Retail Maximum1 Lot1200 Shares₹1,24,800
HNI / NII Minimum2 Lots2400 Shares₹2,49,600

Retail Limit: ₹2 Lakhs | NII Min Limit: ₹2 Lakhs | NII Big Limit: ₹10 Lakhs

Key Performance Indicators (KPIs)

Post-Issue Valuation
PE Ratio18.00
Market Cap₹176.40 Cr
Debt to Equity0.20
Return on NW11.00%
Earnings Per Share₹5.78

Comparative Restated Financials

Values in ₹ Crore
Financial Indicator31-Mar-202331-Mar-202431-Mar-2025
Total Assets53.7670.5687.36
Total Revenue30.2439.6949.14
Profit After Tax (PAT)2.353.404.59
Net Worth28.5637.4846.41
Reserves & Surplus20.1626.4632.76
Total Borrowings20.7917.9615.12

About Bench Mark Infotech Services Limited

Bench Mark Infotech Services provides integrated IT infrastructure solutions, turnkey IT projects, networking, communication, video surveillance, fibre optic infrastructure, cloud-based services, compute and data storage solutions, facility support, and annual maintenance contracts. The company caters primarily to government departments, public sector undertakings, educational institutions, and corporate clients across Indian states such as Bihar, Odisha, and West Bengal. It generates revenue through the sale of IT equipment and hardware, execution of turnkey infrastructure projects, and provision of fibre infrastructure leasing and support services. The company participates in competitive tender-based bidding processes to secure government and public sector contracts while delivering customized technology infrastructure integration and support services. Its core business activities encompass the supply, installation, testing, commissioning, ongoing maintenance, and technical management of digital infrastructure and IT systems tailored to client specifications across various operating segments and regional markets.

Competitive Strengths

  • Track record in executing integrated IT infrastructure and turnkey projects.
  • Long-standing customer relationships resulting in repeat order flows.
  • Strong operating presence across Bihar, Odisha, and West Bengal.
  • Established partnerships with major equipment OEM vendors.
  • Experienced promoter team with technical industry expertise.

Risks & Concerns

  • High customer concentration with top 10 clients giving over 90% revenue.
  • Heavy reliance on competitive tender-based government contracts.
  • High working capital intensity with large trade receivable balances.
  • Dependence on key OEM suppliers without long-term contracts.
  • Geographic concentration of business operations in eastern India.

Objects of the Issue

1

Funding working capital requirements for technology projects.

2

Investment in product research & development and IT infrastructure.

3

Funding inorganic growth through acquisitions.

4

General corporate purposes.

Broker & Analyst Recommendations

Broker Consensus
Advisor / BrokerageVerdictRating
Chittorgarh IPO AdvisorySubscribe4/5
Dilip Davda (Analyst)Subscribe with Caution3.5/5
SMC GlobalNeutral3/5
Choice Equity BrokersSubscribe4/5

Disclaimer: Broker reviews, ratings, and consensus recommendations are aggregated from public analyst estimates and research reports for educational purposes. Grey Market Premium (GMP) indicators represent unofficial market sentiments, are highly speculative, and do not guarantee actual listing-day performance. Investing in securities is subject to market risks; please perform your own diligence or consult a SEBI registered investment advisor before bidding.

Company Contact Info

Bench Mark Infotech Services Limited Ltd.

Registered Office, 4th Floor, Netaji Subhash Road, Mumbai, MH - 400001
+91-22-68939021

Lead Manager(s)

Shreni Shares Limited

+91-22-68939000