Bench Mark Infotech IPO

Listed SME
Min Investment
₹2,64,000
2400 Shares
Min Investment
₹2,64,000 · 2400 Shares
Price Band ₹104–110
Lot Size 1200 shares
Issue Size ₹42 Cr
Listed At ₹110.00 +0%
Subscribed 103.19×
Listed On NSE SME

Bench Mark Infotech IPO Listing Day Performance

Bench Mark Infotech listed on NSE SME on 05 October 2026 at ₹110.00, a 0% premium over the issue price of ₹110. A retail investor allotted the minimum application of 2,400 shares (2 lots) gained ₹0 at the listing price.

Issue price
₹110
upper band
Listing price
₹110.00
pre-open auction
Listing gain
+0%
+₹0 per share
Profit per application
+₹0
2,400 shares

GMP vs actual listing

Last GMP before listing₹25 (+22.7%)
GMP-implied listing₹135
Actual listing₹110.00
Difference−₹25 (−18.5%)

Demand going into listing

Subscribed overall103.19×
QIB88.62×
NII137.27×
Retail96.9×
Listing price = opening price from the exchange's pre-open call auction on listing day. Watch live price

Market Sentiment

Grey Market Premium What is GMP?
+₹25
+22.7% ▲ ₹2 since last update
Est. listing ₹135
Upper price ₹110
GMP range ₹15 – ₹30
24 Sept · ₹15 01 Oct · ₹25
Updated 01 Oct, 5:55 pm IST Unofficial grey-market data
GMP estimate ₹135
Actual listing ₹110
Listed below the GMP estimate by ₹25 (-18.5%)
Subscription Status
QIB
88.62x
NII
137.27x
bNII (>10L)
155.28x
sNII (2-10L)
101.25x
Retail
96.90x
Total
103.19x
Updated: Sept 29, 2026 5:59 pm IST
Analysis Score 74 / 100
Data: 100%
GMP Score · 35% weight 63
Subscription Score · 30% weight 75
Valuation Score · 20% weight 95
Financial Health · 15% weight 71
Weighted average of the parts above; updates as GMP and subscription change. not investment advice.

IPO Details

Price Band₹104–110 per equity share
Face Value₹10 Per Equity Share
Lot Size 1200 shares (Min 2 lots · ₹2,64,000)
Total Issue Size ₹42.44 crore
Fresh Issue₹35.27 crore
Offer For Sale₹5.04 crore
Fresh vs OFS
Fresh 87% · to the company OFS 13% · to selling shareholders
Issue TypeBook Building Issue
Lead Manager GYR Capital Advisors Pvt.Ltd.
Registrar Kfin Technologies Ltd.
Listing atNSE SME
NSE SymbolBMISL
Listing Price₹110.00
Listing Gain+0.00%

Day-wise Subscription (times subscribed)

QIB
NII
Retail
Total
Each panel has its own scale.
Category Day 1 Day 4 Final
QIB 0.00x 0.00x 88.62x
NII 0.27x 1.43x 137.27x
bNII > ₹10L 0.29x 1.52x 155.28x
sNII 2-10L 0.23x 1.25x 101.25x
Retail 0.40x 2.12x 96.90x
Total 0.24x 1.27x 103.19x

Market Lot Size

Category Lots Shares Amount (₹)
Individual investors (IND) (Min) 2 2,400 ₹2,64,000
Individual investors (IND) (Max) 2 2,400 ₹2,64,000
S-HNI (Min) 3 3,600 ₹3,96,000
S-HNI (Max) 7 8,400 ₹9,24,000
B-HNI (Min) 8 9,600 ₹10,56,000

IPO Reservation

QIB 20% NII 15% Retail 35% Anchor 29.9%
Category Shares Offered Shares %
QIB7,33,20020.01%
NII (HNI)5,50,80015.03%
bNII > ₹10L3,67,20010.02%
sNII < ₹10L1,83,6005.01%
Retail12,84,00035.04%
Anchor10,96,80029.93%
Total36,64,800

Financial Analysis

Financial Data

EPS (Pre)
₹9.40
EPS (Post)
₹7.16
P/E (Pre)
11.70x
P/E (Post)
15.36x
ROE
31.04%
ROCE
27.24%
RoNW
38.48%
EBITDA Margin
10.61%
Debt/Equity
0.75
NAV/Share
₹24.42
Market Cap
₹157 Cr
Revenue Growth
25.96%
Profit Margin
15.97%

Financial Performance

2026 vs 2025 Revenue +26.0% Profit (PAT) +75.3% Total Assets +22.6%
Metric 2024 2025 2026
Revenue 34.76 50.80 63.99
Expense 32.70 42.85 50.36
Profit (PAT) 1.48 5.83 10.22
Total Assets 39.33 60.39 74.05
Values in Crores (₹)

Peer Comparison

Company EPS P/E RoNW % NAV Income
Bench Mark Infotech This IPO 7.16 15.36 38.48 24.42 -
Dynacons Systems & Solutions Ltd 66.64 26.55 26.90 247.54 1,430.01 Cr
Xtranet Technologies Limited 10.40 50.87 30.01 34.66 366.01 Cr
Esconet Technologies Limited 4.66 15.66 7.68 60.77 357.84 Cr
Peer median P/E 26.6x across 3 listed peers · Bench Mark Infotech 15.4x (post-issue)
Priced 42% below the peer median P/E
Bench Mark Infotech 15.4x Peer median 26.6x Listed peers (15.7x – 50.9x)

Promoters & Holding Pattern

Promoters: Vineet Kumar Gupta and Juli Gupta

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 1,08,72,550 99.99%
Promoter Holding Post Issue 1,04,14,550 72.97%

Strengths & Risks

Strengths
  • Heavily oversubscribed — 103.2x overall (final).
  • Strong institutional (QIB) demand — 88.6x.
  • Revenue grew 26% in the latest reported year.
  • Solid profit margin — 16.0%.
  • Strong return on equity — 31%.
Risks & Concerns
  • Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

From this issue's live data. Not investment advice — read the RHP.

Company Information

Bench Mark Infotech at a glance

From the company's description: “Incorporated in 2007, Bench Mark Infotech Services Limited is an integrated IT and digital infrastructure solutions company providing end-to-end technology infrastructure solutions to government departments, public sector undertakings, institutional customers, and private sector clients across India.”

Bench Mark Infotech is raising ₹42.44 crore through an IPO on the NSE Emerge (SME). Of that, ₹35.27 crore is a fresh issue — new shares, with the money going to the company — and ₹5.04 crore is an offer for sale by existing shareholders, who keep those proceeds; 87% of the issue therefore reaches the business. Main stated uses of the fresh money: Funding the working capital requirements of the company (₹30 crore).

Revenue went from ₹34.76 crore in 2024 to ₹63.99 crore in 2026, up 84% over 2 years. Profit after tax went from ₹1.48 crore to ₹10.22 crore, a net margin of 16% in the latest year.

The promoter, Vineet Kumar Gupta and Juli Gupta, holds 100% before the issue and 73% after it — a dilution of 27 percentage points. At the upper end of the price band it is priced at 15.4 times post-issue earnings, against a median of 26.6 for the 3 listed peers named in its offer document — below that median. Debt stands at 0.75 times equity.

Written from the issue's offer-document figures shown on this page. Not investment advice.

Company Contact Information

Bench Mark Infotech Services Ltd., P-118, Swami Swarupananda Sarani, 4th Floor, Kolkata, West Bengal, 700054

Objects of the Issue

Purpose Amount (Cr)
Funding the working capital requirements of the company 30.00
General Corporate Purposes -

Resources & Documents

Anchor Investors

Anchor Bidding Date
September 24, 2026
Shares Offered to Anchors
10,96,800
Anchor Size
12.06 Cr.
Lock-in End (30 Days, 50%)
October 30, 2026
Lock-in End (90 Days, 50%)
December 29, 2026

Bench Mark Infotech IPO - Quick Take

Bench Mark Infotech has set a price band of Rs 104–Rs 110 per share for an issue size of Rs 42 crore. The stock listed flat against its issue price.

The issue is promoted by Vineet Kumar Gupta and Juli Gupta with GYR Capital Advisors Pvt.Ltd. acting as lead manager. Anchor investors have committed Rs 12 crore ahead of the public issue — about 28% of the total issue size. Anchor allocation was completed on September 24, 2026. Net proceeds will primarily be used towards funding the working capital requirements of the company (Rs 30 crore) and general Corporate Purposes.

At the upper end of the price band, the issue is priced at a post-issue P/E of 15.36x. On fundamentals, the company is posting revenue growth of 26.0%, a profit margin of 16.0%, return on equity of 31.0% in its most recent reported period. Listed peers in this segment include Dynacons Systems & Solutions Ltd (P/E 26.55x) and Xtranet Technologies Limited (P/E 50.87x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.

On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Bench Mark Infotech IPO: Lead Manager & Registrar Track Record

How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out Bench Mark Infotech itself, so they describe what came before it.

SME IPOs, last 12 months
  • Bench Mark Infotech listed at +0% on day one; the median of 193 listings was +1.7% (better than 30% of them).
  • Subscribed 103x against a median of 3.98x across 192 issues (higher than 78%).
  • Average listing-day move across all 194 SME listings we track: +11.6%.
Lead manager and registrar record on other IPOs we track
Firm Other IPOs Listed at / above issue Avg move Median
GYR Capital Advisors Pvt.Ltd. Lead manager 12 1 MB · 11 SME 92% 11 of 12 +39.1% +26.8%
Kfin Technologies Ltd. Registrar 99 55 MB · 44 SME 81% 78 of 96 Check allotment →
Recent listings managed by GYR Capital Advisors Pvt.Ltd. (5)

Best: Robokidz Eduventures +90% · Weakest: UHM Vacation −20%

IPOListedListing-day move
Robokidz Eduventures 28 Sep 2026 +90%
Sumax Engineering 02 Sep 2026 +9.9%
Sunshine Pictures 25 Aug 2026 +10%
LAPL Automotive 13 Aug 2026 +43.6%
Shree Balaji (Mala) Textiles 29 Jul 2026 +90%
What a lead manager does

A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.

What a registrar does

Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.

Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.

Frequently Asked Questions

Bench Mark Infotech listed at Rs 110.00 on 05 October 2026, against an issue price of Rs 110 — a 0% premium.

+0% at the listing price — Rs 0 per share, or Rs 0 on the minimum retail application of 2,400 shares.

The price band of Bench Mark Infotech IPO is Rs 104 to Rs 110 per share. Face value is Rs 10 per share.

The total issue size of Bench Mark Infotech IPO is Rs 42 crore, comprising fresh issue of Rs 35 crore and offer for sale (OFS) of Rs 5 crore.

The lot size of Bench Mark Infotech IPO is 1,200 shares. The minimum application is 2 lots (2,400 shares), requiring an investment of Rs 2,64,000.

Bench Mark Infotech IPO opens for subscription on September 25, 2026 and closes on September 29, 2026. Anchor investor bidding is scheduled for September 24, 2026.

The expected allotment date for Bench Mark Infotech IPO is September 30, 2026. Refunds for unsuccessful applicants are expected on October 01, 2026. Shares are scheduled to be credited to demat accounts on October 01, 2026.

Bench Mark Infotech IPO is scheduled to list on October 05, 2026 on NSE. NSE symbol: BMISL.

The last GMP (Grey Market Premium) recorded for Bench Mark Infotech IPO before listing was +Rs 25 (+22.7% over issue price). The shares actually listed at Rs 110 (+0.00% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Bench Mark Infotech IPO was subscribed 103.19 times overall by the close of bidding — retail at 96.90x, QIB at 88.62x, NII at 137.27x.

Based on the final retail subscription of 96.90x for Bench Mark Infotech IPO, the estimated retail allotment probability is approximately 1.2%. This is a low probability — approximately 1 out of every 100 retail applications may receive allotment.

The registrar for Bench Mark Infotech IPO is Kfin Technologies Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Bench Mark Infotech IPO are GYR Capital Advisors Pvt.Ltd.

The promoter(s) of Bench Mark Infotech are Vineet Kumar Gupta and Juli Gupta.

Bench Mark Infotech IPO GMP — What It Means

Its last GMP before listing was 22.7%. Of the 26 SME IPOs we have tracked with a final GMP between 10% and 25%, 21 listed above, 3 flat and 2 below the issue price; Bench Mark Infotech listed flat.

See the full Bench Mark Infotech GMP history and trend, or learn how grey market premium works and how reliable it is.

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