Benchmark Computer Solutions IPO: Check Lot Size, Bid Amount & More


by mydhanush on 14 December 2023,  3 min read

IPO - MyDhanush by Ashika

Benchmark Computer Solutions, based in Mumbai, commenced its subscription for IPO on Thursday, December 14. It will close on Monday, December 18 with a price band fixed at of Rs 66 per share.

The lot size for this IPO stands at 2,000 shares. Investors can bid for a minimum of 2,000 shares and in multiples thereof.

This IPO, valued at Rs 12.24 crore, comprises a fresh issue of 1,854,000 equity shares, without any offer for sale (OFS) component, as per the RHP.

Utilizing the net IPO proceeds, the company plans to allocate Rs 3.90 crore for capital expenditure, Rs 3.80 crore for working capital, and Rs 2.98 crore for general corporate purposes.

Beeline Capital Advisors Pvt Ltd serves as the book running lead manager for the Benchmark Computer Solutions IPO. Kfin Technologies Limited is acting as the issue’s registrar. Spread X Securities is functioning as the market maker.

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Benchmark Computer Solutions Limited specializes in technology consulting and IT infrastructure solutions. It offers a comprehensive range of technology-related services.

The company’s service portfolio encompasses software and web-based applications, IT infrastructure and solution services, annual maintenance contracts (AMCs), and facility management services (FMS). With expertise in traditional and modern technologies, the company caters to various industry sectors.

In financial terms, the company reported a net profit of Rs 18.64 crore for FY 2022 and Rs 31.95 crore for FY2023. In the first half of FY24 it achieved a turnover of Rs 12.98 crore. It reported a net profit of Rs 0.96 crore.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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