BSE SME Benchmark Computer Solutions makes good debut

The scrip was listed at Rs 80, a premium of 21.21% compared with the initial public offer (IPO) price. The stock was currently frozen in a lower limit of 5% over its listing price.

The counter hit a high of Rs 81 and a low of Rs 76. About 7.40 lakh shares of the company changed hands at the counter.

Benchmark Computer Solutions' IPO was subscribed 229.73 times. The issue opened for bidding on 14 December 2023 and it closed on 18 December 2023. The IPO price was fixed at Rs 66 per share.

The IPO comprised fresh issue of 18,54,000 shares. The promoter and promoter shareholding diluted to 72.27% from 99% pre-IPO.

The company intends to utilize the net proceeds for capital expenditure, purchase of equipment and general corporate purpose.

Benchmark Computer Solutions is an IT infrastructure solutions and technology consultancy and software development company. It provides end-to-end technology and technology related services including IT infrastructure and software development services. The company provides service models such as IaaS (infrastructure as a service) and SaaS (software as a service). The service portfolio of the company comprises of IT infrastructure solutions, software and web based application development services and annual maintenance contract (AMC) and facility management services (FMS). The company’s authorised partner to multiple OEM’s including HP, SafeAeon, Veeam, Vertiv, Lenovo, Konika Minolta Business Solutions and Dell Technologies. As on the 31 March 2023, the company has 79 employees.

The company recorded revenue from operations of Rs 12.97 crore and net profit of Rs 0.95 crore for the period as on 30 September 2023.

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