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Bench Mark Infotech Services IPO
📅 Founded: 2007
📍 Kolkata, West Bengal
🌐 benchmarkinfo.com
📋 Face Value: ₹10
🏦 Market Cap: ₹157 Cr
Price Band
₹104 – ₹110
Issue Size
₹42.44 Cr
Lot Size
1200 shares
Min. Investment
₹2,64,000
GMP
+₹30 (+27.3%)
Est. Return
+27.3%
Listing Date
05 Oct 2026
Registrar
KFin Technologies
Bench Mark Infotech Services IPO at a glance
Bench Mark Infotech Services IPO was an SME issue of ₹42.44 Cr at a price band of ₹104 – ₹110 per share, open from 25 Sep 2026 to 29 Sep 2026. The shares listed on NSE SME on 05 Oct 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Very High Interest
GMP: +27.3% above issue price
⭐ Overall Signal
High Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹37.40 Cr
Offer for Sale (OFS)₹5.04 Cr
Total Issue Size₹42.44 Cr
Face Value₹10
Market Cap (at issue)₹157 Cr
Listing ExchangeNSE SME
📅 Open Date25 Sep 2026
🔒 Close Date29 Sep 2026
✂️ Cut-off Price Date29 Sep 2026
🎟️ Allotment Date30 Sep 2026
💸 Refund Initiation01 Oct 2026
📂 Demat Credit01 Oct 2026
📈 Listing Date05 Oct 2026
Objects of the Issue
- 💰 Working capital — ₹30.00 Cr
- 💰 General corporate purposes
About the Company
Bench Mark Infotech Services, set up in 2007 in Kolkata, is a systems integrator that designs, installs and maintains IT and digital infrastructure — networking, structured and fibre cabling, wireless systems, data-centre and storage setups, smart classrooms, surveillance and access control, and more recently AI and GPU computing labs. Most of its clients are government departments and PSUs in eastern India, and it has a branch in Patna.
Strengths
- ✅ Empanelled with BSNL as a national-level system integrator and with RailTel as a business partner
- ✅ Long relationships with its main clients, averaging over a decade with the largest
- ✅ Offers supply, installation and maintenance in one package
- ✅ PAT rose from ₹1.5 Cr in FY24 to ₹10.2 Cr in FY26
Risk Factors
- ⚠️ About 73% of revenue comes from government customers, and top 10 customers make up about 94%
- ⚠️ About 80% of revenue comes from Bihar, Odisha and West Bengal
- ⚠️ Receivables of about ₹55 Cr are close to a full year's revenue, and operating cash flow was negative in FY26
- ⚠️ Most of the IPO money (₹30 Cr) goes to working capital, which reflects slow government payments
- ⚠️ Tender-based business, so revenue can swing from year to year
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
99.99%
Pre-IPO
→ -27.0%
72.97%
Post-IPO
Founders & Leadership
VG
Vineet Kumar Gupta
Promoter & Managing Director
Leads the company as Managing Director
JG
Juli Gupta
Promoter
Member of the promoter group
IPO Timeline
✓
Open Date
25 Sep 2026
✓
Close Date
29 Sep 2026
✓
Allotment Date
30 Sep 2026
✓
Listing Date
05 Oct 2026
Key Financials
Revenue₹64 Cr
PAT₹10.2 Cr
EPS₹9.40
P/E Ratio11.70x
ROE38.48%
Market Cap₹157 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 63.99 | 50.80 | 34.76 |
| Profit After Tax | 10.22 | 5.83 | 1.48 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹9.40 | — |
| P/E (x) | 11.70x | — |
| ROE (%) | 38.48% | — |
| Promoter Holding | 99.99% | 72.97% |
| Market Cap | ₹157 Cr | |
IPO Registrar
Bench Mark Infotech Services IPO FAQs
Bench Mark Infotech Services IPO is an SME IPO with an issue size of ₹42.44 Cr at a price band of ₹104 – ₹110. Minimum lot size is 1200 shares and the minimum application is 2 lots (minimum investment ~₹2,64,000). Opened on 25 Sep 2026 and closed on 29 Sep 2026. Listed on NSE SME. Registrar: KFin Technologies.