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Benchmark Computer Solutions IPO: Navigating the Digital Frontier with Technological Expertise
Introduction:
Benchmark Computer Solutions Limited made a significant impact on the investment landscape with its recent fixed-price Initial Public Offering (IPO), successfully raising Rs 12.24 crores through a fresh issue of 18.54 lakh shares. This blog aims to provide a comprehensive overview of the Benchmark Computer Solutions IPO, covering key details, subscription statistics, and insights into the company's role in the IT infrastructure and software development sector.
Key Dates:
| Bidding Period | Allotment Date | Listing Date |
|---|---|---|
| December 14 to December 18, 2023 | December 19, 2023 | December 21, 2023 |
IPO Highlights:
| Issue Size | Fresh Issue | Price per Share | Lot Size | Minimum Investment |
|---|---|---|---|---|
| Rs 12.24 Crores | 18,54,000 shares | Rs 66 per share | 2000 Shares | Rs 132,000 |
Financial Overview:
| Total Issue Size | Shareholding Pre-Issue | Shareholding Post-Issue |
|---|---|---|
| 18,54,000 shares, aggregating up to Rs 12.24 Crores | 5,010,000 shares | 6,864,000 shares |
Shareholding Structure:
| Pre-Issue Shares | Post-Issue Shares |
|---|---|
| 100% | 74.97% |
IPO Management:
| Lead Manager | Registrar | Market Maker |
|---|---|---|
| Beeline Capital Advisors Pvt Ltd | Kfin Technologies Limited | Spread X Securities |
Subscription Highlights:
The Benchmark Computer Solutions IPO witnessed an exceptional subscription rate of 484.49 times, reflecting robust investor interest. Retail Individual Investors (RII) played a pivotal role in driving the subscription figures to unprecedented levels, showcasing confidence in the company's growth prospects.
IPO Journey Timeline:
| IPO Open Date | IPO Close Date | Basis of Allotment | Refunds Initiation | Shares Credited to Demat | Listing Date |
|---|---|---|---|---|---|
| December 14, 2023 | December 18, 2023 | December 19, 2023 | December 20, 2023 | December 20, 2023 | December 21, 2023 |
Market Maker Segment:
| Prabhat Financial Services | 193,000 shares |
|---|
Lot Size Details:
Investors had the flexibility to bid for a minimum of 2000 shares, with retail investors having an investment range from 1 lot to multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | Rs 132,000 |
| Retail (Max) | 1 | 2000 | Rs 132,000 |
| HNI (Min) | 2 | 4,000 | Rs 264,000 |
Benchmark Computer Solutions IPO Reservation:
The IPO featured strategically allocated reserved portions for Retail Individual Investors (RII), Non-Institutional Investors (NII), and Market Makers, ensuring a balanced distribution.
| Investor Category | Shares Offered |
|---|---|
| Market Maker | 96,000 (5.18%) |
| Retail | 878,000 (47.36%) |
| NII | 880,000 (47.46%) |
About Benchmark Computer Solutions Limited:
Incorporated in October 2002, Benchmark Computer Solutions Limited stands as a technology consulting and software development company specializing in IT infrastructure solutions. The company's core business spans IT infrastructure solutions, software and web-based application development, annual maintenance contracts (AMC), and facility management services (FMS).
Key Financial Indicators:
As of September 30, 2023, Benchmark Computer Solutions Limited showcased robust financial performance:
| Metric | Values |
|---|---|
| Assets | Rs 2,273.87 Lakhs |
| Revenue | Rs 1,322.52 Lakhs |
| Profit After Tax | Rs 95.67 Lakhs |
| Net Worth | Rs 1,385.18 Lakhs |
Key Performance Indicators:
- - Market Capitalization: Rs 45.3 Crores
- - Return on Equity (ROE): 17.08%
- - Return on Capital Employed (ROCE): 18.88%
- - Debt/Equity Ratio: 0.43
- - Return on Net Worth (RoNW): 15.73%
Objects of the Issue:
The net proceeds from the IPO will be allocated towards:
- - Capital Expenditure
- - Working Capital Requirement
- - General corporate purposes
- - Meeting Public Issue Expenses
Conclusion:
Benchmark Computer Solutions Limited, with its focus on IT infrastructure and software development, has garnered substantial investor interest as evident from the robust subscription figures. The company's financial performance, coupled with its diversified service offerings, positions it as a key player in the competitive IT sector.
Investors considering Benchmark Computer Solutions IPO should carefully assess the company's growth potential and its ability to navigate the dynamic technology landscape. While the subscription numbers and financials appear promising, prospective investors are advised to conduct thorough due diligence and seek professional financial advice before making investment decisions.
The IPO's pricing, as per expert reviews, reflects a certain level of optimism in the company's future. Well-informed investors with a strategic investment horizon may find Benchmark Computer Solutions Limited an intriguing addition to their portfolios. As always, exercising caution and diligence is crucial when venturing into the stock market.
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