Bench Mark Infotech Services IPO
Bench Mark Infotech Services LtdSME
This IPO is now Live.
- Open date
- 25 Sep 2026
- Close date
- 29 Sep 2026
- Min. Investment
- ₹2,64,000
- Lot Size
- -
- Fresh Issue
- ₹37.40 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors10.51x
- Retail-Individual Investors17.64x
- Total11.04x
Schedule
- Completed: IPO open date25 Sep 2026
- Current step: IPO close date29 Sep 2026
- Upcoming: Allotment date30 Sep 2026
- Upcoming: Funds unblock or debit1 Oct 2026
- Upcoming: Tentative listing date5 Oct 2026
About
Promoter shareholding in Bench Mark Infotech Services Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Vineet Kumar Gupta | 75,90,050 | 69.81% | 71,32,050 | 49.97% |
| Juli Gupta | 32,82,500 | 30.19% | 32,82,500 | 23.00% |
Bench Mark Infotech Services IPO Strengths & Risks
- Long Standing Customer Relationships with Repeat Order Flow.
- Established Track Record of Execution Across Diverse Project Segments.
- Integrated Business Model with End-to-End Service Capabilities Under One Roof.
- Relationships with OEMs and Vendors.
- Experienced Promoter with Strong Industry Expertise.
- Risks Relating to the Business: We are dependent on certain key customers for a substantial portion of our revenues. Loss of relationship with any of these customers may have an adverse effect on our profitability and results of operations.
- Risks Relating to the Business: We are dependent on a few vendors/ suppliers who are our OEM partners and we typically do not enter into long-term contracts or arrangements with them. Any loss of such suppliers or any increase in the price will have an adverse impact on our business and our revenue.
- Risks Relating to the Business: Significant proportion of our orders are from government related entities which award the contract through the process of tender. Tenders, typically, are awarded to the lower bidder once all other eligibility criteria are met. Our performance could be adversely affected if we are not able to successfully bid for these contracts or required to lower our bid value.
- Risks Relating to the Business: We generate a significant percentage of our revenue from operations from customers in Bihar, Odisha and West Bengal in India. If our operations in these states are negatively affected, our financial results and future prospects would be adversely impacted.
- Risks Relating to the Business: Our working capital requirements have fluctuated in the past and may continue to fluctuate in the future. Any inability to efficiently manage our working capital requirements, including timely realization of trade receivables, may adversely affect our business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: Our financial condition could be materially and adversely affected if we fail to secure new government and PSU projects.
- Risks Relating to the Business: Any increase in the cost of, or a shortfall in the supply of IT Equipment's, may adversely affect the pricing and supply of our products and have an adverse effect on our business, results of operations and financial condition.
- Risks Relating to the Business: Our success depends largely upon the knowledge and experience of our Promoters. Any loss of our Promoters and key managerial personnel or our ability to attract and retain them could adversely affect our business, operations and financial condition.
- Risks Relating to the Business: A significant portion of our assets comprises trade receivables. Any delay in realization, inability to recover outstanding dues, or deterioration in the creditworthiness of our customers may adversely affect our liquidity, cash flows, financial condition and results of operations.
- Risks Relating to the Business: Our competitive position and future growth depend on our ability to adapt to evolving technologies and customer requirements in a highly competitive IT infrastructure and solutions market.
- Risks Relating to the Business: We have experienced negative cash flows in the past three financial years. Any negative cash flows in the future would adversely affect our results of operations and financial condition.
- Risks Relating to the Business: Our Company's success depends largely upon its skilled professionals and its ability to attract and retain these personnel. The industry where our Company operates requires highly skilled and technical employee.
- Risks Relating to the Business: Our Registered Office and our Branch Office from where we operate is not owned by us.
- Risks Relating to the Business: Our business and revenue from leasing/renting of fibre infrastructure are dependent on our continued compliance with applicable telecom regulations and maintenance of our IP-I registration
- Risks Relating to the Business: Our Company has identified certain historical non-compliances, deficiencies and clerical errors in its statutory records, financial statement filings and secretarial compliances under the Companies Act, 2013. Any adverse regulatory action, penalties, compounding fees or other proceedings in relation to such matters may adversely affect our business, financial condition, results of operations, cash flows and reputation.
- Risks Relating to the Business: Failure to offer customer support in a timely and effective manner may adversely affect our relationship with our customers.
- Risks Relating to the Business: We are required to furnish bank guarantees in the ordinary course of our business, and any inability to arrange such guarantees or invocation thereof could adversely affect our cash flows, financial condition, and business operations.
- Risks Relating to the Business: Our Promoters have provided personal guarantee to certain loan facilities availed by us, which if revoked may require alternative guarantees, repayment of amounts due or termination of the facilities.
- Risks Relating to the Business: Delays in payments to MSMEs may result in additional interest liabilities and tax implications, which may adversely affect our cash flows, working capital position and profitability
- Risks Relating to the Business: Our failure to fulfil the payment and development requirements in relation to our leasehold industrial property may result in financial loss and operational uncertainty.
- Risks Relating to the Business: Our Company has taken unsecured loans from the promoters that may be recalled at any time and our Company may not have adequate working capital to make timely payments or at all.
- Risks Relating to the Business: We have in the past entered into related party transactions and may continue to do so in the future.
- Risks Relating to the Business: Our Company is party to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- Risks Relating to the Business: Delays in filing and compliance issues noticed in corporate records relating to forms filed with taxation and other public authorities.
- Risks Relating to the Business: Our financing arrangements contain financial and other covenants, and any failure to comply with such covenants could adversely affect our business and financial condition.
- Risks Relating to the Business: Certain members of our Board have limited experience serving as directors of listed companies in India.
- Risks Relating to the Business: We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect our operations.
- Risks Relating to the Business: Regulatory, legislative or self-regulatory developments regarding privacy and data security matters could adversely affect our ability to conduct our business and impact our financial condition.
- Risks Relating to the Business: Failure to meet the quality standards and specifications required by our customers may result in cancellation of orders, warranty claims and monetary liabilities.
- Risks Relating to the Business: Our Company has delayed in compliances with some statutory provisions of the Companies Act and delayed compliance may attract penalties against our company which could impact the financial position of us to that extent.
- Risks Relating to the Business: Negative publicity could adversely affect our reputation, business and financial results
- Risks Relating to the Business: We may not be able to achieve or maintain the growth rates achieved in the past.
- Risks Relating to the Business: Our current order book may not be indicative of our future growth and may be subject to delay or modification.
- Risks Relating to the Business: Our business is dependent on technology and IT infrastructure, and any damage, malfunction or disruption to our systems or cybersecurity may adversely affect our business and financial performance.
- Risks Relating to the Business: We may be unable to sufficiently obtain, maintain, protect, or enforce our intellectual property and other proprietary rights.
- Risks Relating to the Business: Certain of our Group Companies are authorised to carry on business activities similar to those of our Company, which may give rise to potential conflicts of interest.
- Risks Relating to the Business: Our insurance coverage may not be adequate to protect us against all potential losses to which we may be subject and this may have an adverse effect on our business and financial condition.
- Risks Relating to the Business: Our marketing and advertising campaigns may not be successful in increasing the popularity of our services and offerings. If our marketing initiatives are not effective, this may adversely affect our business and results of operations.
- Risks Relating to the Business: If we fail to maintain an effective system of internal controls, we may not be able to successfully manage, or accurately report, our financial risks.
- Risks Relating to the Business: Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements and restrictive covenants in our financing arrangements.
- Risks Relating to the Business: In addition to normal remuneration or benefits and reimbursement of expenses, some of our Promoters and/ or Directors are interested in our Company to the extent of their shareholding and dividend entitlement thereon in our Company.
- Risks Relating to the Business: Our Promoters and Promoter Group will continue to exercise significant influence over us and may cause us to take actions that are not in the best interest of our other shareholders.
- Risks Relating to the Business: The Objects of the Offer for which funds are being raised, are based on the company's management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Offer".
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- Risks Relating to the Business: The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: The deployment of funds raised through this Offer shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
- Risks Relating to the Business: The company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholder will receive the Net Proceeds from the Offer for Sale.
- Risks Relating to the Business: The company has not independently verified certain data in this Red Herring Prospectus.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters could be lower than the Offer price.
- Risks Relating to the Business: The company has issued Equity Shares in the last twelve months at price lower than the Offer Price.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Offer proceeds may delay the implementation schedule.
- Risks Relating to the Business: The company's Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Offer, an active trading market for the Equity Shares may not develop, the price of its Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Offer Price or at all.
- Risks Relating to the Business: The company cannot assure you that its Equity Shares will be listed on the NSE EMERGE in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
- Risks Relating to the Business: Any future issuance of Equity Shares or convertible securities, including options under any stock option plan or other equity linked securities may dilute your shareholding, and significant sales of Equity Shares by the company's major shareholders, may adversely affect the trading price of its Equity Shares.
- Risks Relating to the Business: There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Risks Relating to the Business: After this Offer, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.
- Risks Relating to the Business: Any of the bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
- Risks Relating to the Business: Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- Risks Relating to the Business: You may be subject to Indian taxes arising out of capital gains on the sale of the Equity Shares.
