Bench Mark Infotech Services IPO

The Bench Mark Infotech Services SME IPO is open between 25 Sept 2026 and 29 Sept 2026, offered at a price band of ₹104–110 per share, and is set to list on NSE. The IPO seeks to raise ₹42.44 crore. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,64,000.

Issue structure

The offer combines a fresh issue of ₹35.27 crore with an offer for sale (OFS) of ₹5.04 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding the working capital requirements of the company (₹30 crore), alongside general corporate purposes (₹4.59 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Bench Mark Infotech Services reported revenue of ₹63.99 crore and a net profit of ₹10.22 crore. Revenue grew from ₹34.76 crore in FY2024 to ₹63.99 crore in FY2026 (+84.0%). Net worth stood at ₹26.55 crore at the end of FY2026. At the upper band, that puts the issue at roughly 11.7× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 15.36× post-issue earnings and 4.5× book value, against a return on net worth of 38.48% and a debt-to-equity ratio of 0.1. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Dynacons Systems & Solutions Ltd. and Esconet Technologies Ltd., with a median peer P/E of about 26.6×. The issue's own post-issue P/E works out to 15.36×.

Promoters

The promoters of the company are <p>Vineet Kumar Gupta, Juli Gupta</p>. Promoter holding stands at 99.99% before the issue and comes down to 72.97% after listing.

Grey market premium (GMP)

In the unofficial grey market, Bench Mark Infotech Services shares are quoted at a premium of ₹25 implying an expected listing around ₹135, about +22.7% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Bench Mark Infotech Services IPO was subscribed 103.12 times overall. The strongest demand came from non-institutional investors (NII) at 136.92 times, with qualified institutional buyers (QIB) at 88.62× and retail investors at 96.9×.

Listing performance

Bench Mark Infotech Services listed on 5 Oct 2026 at ₹110, a premium of +0.0% over the issue price of ₹110.

What to weigh

When evaluating the Bench Mark Infotech Services IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Bench Mark Infotech Services

Bench Mark Infotech Services Limited , established in 2007, is a premier Indian IT and digital infrastructure solutions provider delivering end-to-end turnkey technology systems to government departments, public sector units, and private enterprises across India. Service Portfolio: Integrated IT solutions (Supply, Installation and Commissioning of IT Infrastructure Solutions) Annual Maintenance Contracts (AMCs) and Facility Support Services Fibre Optic Infrastructure Solutions The company operates through an integrated, single-roof business model covering everything from system design and engineering to integration, testing, and after-sales support. Over the years, the firm has expanded its capabilities into advanced domains such as dark fibre leasing, cloud virtualization, data storage, and cutting-edge GPU-enabled Artificial Intelligence (AI) lab solutions. As of June 30, 2026, the company is backed by a highly skilled workforce of 54 professionals working across operations, engineering, design, and administration to ensure seamless project delivery. Competitive Strengths: Integrated end-to-end IT and digital infrastructure solutions under a single-roof execution model. Established track record of executing diverse networking, fibre optic, surveillance, and system integration projects. Long-standing customer relationships with repeat order flow from government and institutional clients. Strong relationships with leading OEMs and authorized technology vendors. Experienced promoter and management team with over 19 years of industry expertise.