Updated Oct 2 · 10:15 AM IST

Bench Mark Infotech Services IPO

Closed · lists Oct 5 SMEBook BuiltNSE SMESep 25 – 29, 2026

Bench Mark Infotech Services, incorporated in 2007 and based in Kolkata, delivers turnkey IT and digital-infrastructure projects — networking, structured cabling, fibre optics, surveillance, audio-video, data-centre and cloud set-ups, and AI labs — mainly for government departments and PSUs, plus annual maintenance contracts.

Price Band
₹104 – 110
per share
Min. Investment
₹2,64,000
2 lots · 2,400 shares
Issue Size
₹42.44 Cr
₹37.4 Cr fresh + ₹5.0 Cr OFS
GMP
₹22 UNOFFICIAL
≈20.0% · est. ₹132
Subscription
103.19×
final
Listing
Oct 5
Allotment Sep 30
70/100
Good
Why? →
IPO Dates

Bench Mark Infotech Services IPO Date & Timeline

Tentative schedule from the RHP.

Sep 25
Opens
Sep 29
Closes
Sep 30
Allotment
Oct 1
Refunds
Oct 1
Demat credit
Oct 5
Listing
Grey Market

Bench Mark Infotech Services IPO GMP Today

Updated Oct 2 · 9:15 AM IST

Unofficial, aggregated from market sources. It never feeds our score.

GMP today
₹22
unchanged since last update
GMP %
20.0%
on upper band ₹110
Est. listing
₹132
₹110 + ₹22
Range
₹8 – 22
since Sep 26
GMP trend 10 updates · Sep 26 – Oct 2
₹0₹10₹20₹30Sep 26, 11:59 PM: ₹8Sep 27, 11:59 PM: ₹10Sep 28, 11:00 AM: ₹11Sep 28, 9:00 PM: ₹11Sep 28, 10:00 PM: ₹15Sep 29, 9:00 AM: ₹15Sep 29, 12:15 PM: ₹16Sep 29, 7:30 PM: ₹20Oct 1, 8:00 AM: ₹22Oct 2, 9:15 AM: ₹22Sep 26Sep 28Sep 29Oct 1₹22 now
Full GMP history (10 updates)
Date & time (IST)GMPChangeGMP %Est. listing
Oct 2, 2026 · 9:15 AM₹22₹020.0%₹132
Oct 1, 2026 · 8:00 AM₹22+₹220.0%₹132
Sep 29, 2026 · 7:30 PM₹20+₹418.2%₹130
Sep 29, 2026 · 12:15 PM₹16+₹114.5%₹126
Sep 29, 2026 · 9:00 AM₹15₹013.6%₹125
Sep 28, 2026 · 10:00 PM₹15+₹413.6%₹125
Sep 28, 2026 · 9:00 PM₹11₹010.0%₹121
Sep 28, 2026 · 11:00 AM₹11+₹110.0%₹121
Sep 27, 2026 · 11:59 PM₹10+₹29.1%₹120
Sep 26, 2026 · 11:59 PM₹8—7.3%₹118
!GMP is unofficial and unregulated. It reflects grey-market sentiment only and is not a basis for a decision. Rows without a time come from IPOji's day-wise GMP page and are stamped end of day; the latest row is IPOji's timed 'GMP today' quote.
Demand

Bench Mark Infotech Services IPO Subscription Status

Final · Day 3 · Sep 29 · 5:00 PM IST

From NSE + BSE bid data, excluding the anchor portion.

QIB
88.62×
bHNI (>₹10L)
155.28×
sHNI (₹2–10L)
101.25×
NII total
137.27×
Individual
96.90×
Overall
103.19×
dashed line = 1× (fully subscribed)
Final: the issue closed 103.19× subscribed on Day 3 (5 PM, Sep 29; IPOji end-of-day figures updated 5:57 PM). QIBs 88.62×, NIIs 137.27× (big HNIs 155.28×, small HNIs 101.25×), individual investors 96.9×.

Day-wise subscription

DayQIBbHNIsHNINII totalIndividualTotal
Shares offered7,33,2003,67,2001,83,6005,50,80012,84,00025,68,000
Day 1 · Sep 250.00×0.29×0.23×0.27×0.40×0.26×
Day 2 · Sep 280.00×1.52×1.25×1.43×2.12×1.37×
Day 3 · Sep 2988.62×155.28×101.25×137.27×96.90×103.19×
Issue Details

Bench Mark Infotech Services IPO Details

Checked against the RHP and cross-checked on NSE and BSE.

IPO dateSep 25 – 29, 2026
Price band₹104 – 110 per share
Face value₹10 per share
Lot size1,200 shares
Total issue size38,58,000 shares
₹42.44 Cr
Fresh issue34,00,000 shares
₹37.40 Cr
Offer for sale4,58,000 shares
₹5.04 Cr
Issue typeBook Built · SME
Listing atNSE SME
Promoter holding99.99% → 72.97%
Lead managerGYR Capital Advisors Pvt. Ltd.
Market makerGiriraj Stock Broking Pvt. Ltd.
RegistrarKFin Technologies Ltd.

Offer documents

How much to invest

Bench Mark Infotech Services IPO Lot Size

Minimum and maximum bids by investor type at the upper band of ₹110.

ApplicationLotsSharesAmount
Individual (min)22,400₹2,64,000
Individual (max)22,400₹2,64,000
sHNI (min)33,600₹3,96,000
sHNI (max)78,400₹9,24,000
bHNI (min)89,600₹10,56,000
Who gets what

Bench Mark Infotech Services IPO Reservation

Shares set aside for each category, and the maximum number of applicants who can get an allotment.

CategoryShares offered% of issueMax. allottees
Market maker1,93,2005%—
Anchor investors10,96,80028.4%—
QIB (ex-anchor)7,33,20019%—
NII (HNI)5,50,80014.3%—
↳ bHNI (>₹10L)3,67,2009.5%102
↳ sHNI (₹2–10L)1,83,6004.8%51
Individual investors12,84,00033.3%535
Total38,58,000100%
Retail is 96.90× subscribed. With 535 retail slots, allotment is by lottery: roughly 1 in 97 retail applicants may get a lot (indicative only).
Company Financials

Bench Mark Infotech Services Financials (FY24 – FY26)

Restated consolidated figures from the RHP, ₹ crore. Years end March 31.

Revenue vs Profit ₹ Cr
RevenueProfit after tax (not to scale)
Revenue FY24: ₹34.76 Cr35PAT FY24: ₹1.48 Cr1.5FY24Revenue FY25: ₹50.80 Cr51PAT FY25: ₹5.83 Cr5.8FY25Revenue FY26: ₹63.99 Cr64PAT FY26: ₹10.22 Cr10.2FY26

Financial statement

₹ CrFY24FY25FY26YoY
Revenue34.7650.8063.99+26.0%
Profit after tax1.485.8310.22+75.3%
Total assets39.3360.3974.05+22.6%
Reserves & surplus10.4016.2326.44+62.9%
Total borrowing1.410.782.71+247.4%
Revenue grew ~26% in FY26 to ₹64 Cr and profit ~75% to ₹10.2 Cr. Debt is minimal (₹2.7 Cr). Most of the IPO money (₹30 Cr) funds working capital for project execution.
Valuation

Bench Mark Infotech Services IPO Valuation

At the upper band of ₹110.

Earnings
EPS pre-IPO
₹9.40
P/E pre-IPO
11.7×
Returns & margins
ROE
47.65%
ROCE
47.74%
RoNW
38.48%
PAT margin
16.88%
EBITDA margin
21.97%
Price / Book
4.50×
Debt / Equity
0.10×
At ₹110 the price is ~11.7× FY26 earnings per share (pre-issue) and ~4.5× book. That is modest for a business growing profit this fast, but SME IT-infrastructure contractors often trade at low multiples because order flow is lumpy and working-capital heavy.
Company & Offer

About Bench Mark Infotech Services

Business profile from the RHP.

  • 2007Incorporated · Kolkata, West Bengal
  • Govt & PSUsMain customer base
  • 54Employees (Jun 30, 2026)

Promoters & holding

Vineet Kumar Gupta, Juli Gupta

Pre-issue99.99%
Post-issue72.97%

Objects of the issue

Working capital₹30.00 Cr
General corporate purposesBalance
OFS: goes to selling shareholders, not the company₹5.04 Cr
IPOSignal Review

Bench Mark Infotech Services IPO Review: Should You Apply?

Our 100-point score, and both sides of the case.

70out of 100
Good · Govt-Dependent
Confidence: 60% (Medium)
Score breakdown
Financial health19/25
Valuation15/20
Business quality8/15
Industry growth7/10
Management7/10
Governance5/10
Subscription7/7
Sentiment2/3
GMP is not part of the score.

Our view: Fast profit growth, high returns, low debt and a modest ~12× P/E are clear positives. The risks are heavy dependence on government and PSU orders, lumpy working-capital-heavy projects and a small, SME-sized business.

Strengths
  • Profit jumped ~75% in FY26 to ₹10.2 Cr on ~26% revenue growth; PAT margin ~17%.
  • High returns (RoNW ~38%, RoCE ~48%) with almost no debt (D/E ~0.1).
  • Modest valuation at ~11.7× FY26 EPS.
  • Broad service range from networking and surveillance to data centres and new AI-lab projects.
Risks
  • Heavy reliance on government departments and PSUs, where payments can be slow and orders lumpy.
  • Project work ties up working capital — ₹30 Cr of the IPO goes to funding it.
  • Small company (54 employees), so losing a few large contracts would hurt.
  • SME listing: lower liquidity, and applications need at least 2 lots (₹2.64 lakh).
  • Sources disagree on some ratios (PAT margin, D/E) and the market maker name; figures not verified against the RHP.
Post-Listing Check

Bench Mark Infotech Services Listing Performance Updates after Oct 5

We close the loop: issue vs listing price, and whether our call was right.

Issue price
₹110
Listing price
—
Listing gain
—
Our call
Good
Allotment & Contacts

Bench Mark Infotech Services IPO Allotment Status & Contact Details

Allotment was finalised on Sep 30. Check it with your PAN or application number.

KFin Technologies Ltd.

Registrar
Phone
040-79615565
Email
benchmarkinfo.ipo@kfintech.com
Check allotment status →

Bench Mark Infotech Services Ltd.

Company
Address
P-118, Swami Swarupananda Sarani, 4th Floor, Kolkata, West Bengal 700054
Phone
8017518147
Email
cs@benchmarkinfo.com
Website
benchmarkinfo.com
FAQs

Bench Mark Infotech Services IPO FAQs

GMP, price, lot size, dates, allotment and how to apply.

What is Bench Mark Infotech Services IPO?

Bench Mark Infotech Services IPO is a ₹42.44 Cr SME book built issue made up of a fresh issue of ₹37.40 Cr and an offer for sale of ₹5.04 Cr. The shares will list on NSE SME.

What is Bench Mark Infotech Services IPO GMP today?

As of Oct 2 · 9:15 AM IST, the grey market premium is ₹22 (≈20.0%), implying an estimated listing price of about ₹132. The GMP has ranged ₹8 – 22 since Sep 26. GMP is unofficial and not a guarantee of the listing price.

What is the price band of Bench Mark Infotech Services IPO?

The price band is ₹104 – ₹110 per equity share of face value ₹10.

What is the lot size of Bench Mark Infotech Services IPO?

The minimum lot is 1,200 shares. Individual investors must apply for exactly 2 lots (2,400 shares).

What is the minimum investment for Bench Mark Infotech Services IPO?

The minimum individual investment is ₹2,64,000 (2,400 shares at ₹110).

When does Bench Mark Infotech Services IPO open and close?

The IPO opens on Sep 25, 2026 and closes on Sep 29, 2026.

What is the allotment date of Bench Mark Infotech Services IPO?

The basis of allotment is finalised on Sep 30, 2026. Refunds and demat credit were on Oct 1, 2026.

When will Bench Mark Infotech Services IPO be listed?

The tentative listing date is Oct 5, 2026 on NSE SME.

What is Bench Mark Infotech Services IPO subscription status?

At close (Sep 29 · 5:00 PM IST), the issue was subscribed 103.19× overall — QIB 88.62×, bHNI 155.28×, sHNI 101.25×, Individual 96.90×.

What is the P/E ratio and valuation of Bench Mark Infotech Services IPO?

At the upper band, the P/E is 11.7× pre-issue.

Should I apply for Bench Mark Infotech Services IPO?

IPOSignal's view is Good · Govt-Dependent (70/100). Fast profit growth, high returns, low debt and a modest ~12× P/E are clear positives. The risks are heavy dependence on government and PSU orders, lumpy working-capital-heavy projects and a small, SME-sized business. This is research, not investment advice.

How to check Bench Mark Infotech Services IPO allotment status?

Check on the registrar KFin Technologies Ltd.'s site (ipostatus.kfintech.com), or on the BSE / NSE allotment pages, using your PAN or application number.

Who is the registrar and lead manager of Bench Mark Infotech Services IPO?

The registrar is KFin Technologies Ltd.. The book-running lead manager is GYR Capital Advisors Pvt. Ltd.. The market maker is Giriraj Stock Broking Pvt. Ltd..

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