Bench Mark Infotech Services IPO

SME • NSE SME • Fresh capital cum OFS

LISTEDSMENSE SME

Bench Mark Infotech Services

Price band

₹104 – ₹110

Lot size

1200 shares

Min investment

₹1,32,000

Issue size

₹42.44 Cr

About the company

Bench Mark Infotech Services Limited was started in 2007. It provides integrated IT and digital infrastructure solutions, working mainly for government departments, public sector undertakings, institutional customers and private clients across India. Its speciality is turnkey execution, meaning it takes on a complete project rather than supplying one part of it. The work covers networking and communication systems, structured cabling, fibre optic infrastructure, surveillance systems, audio-visual solutions, data centre infrastructure, cloud solutions and annual maintenance. Its offerings fall into three groups: integrated IT solutions covering supply, installation and commissioning of infrastructure; annual maintenance contracts and facility support services; and fibre optic infrastructure solutions. It handles the full project life cycle, from system design and engineering through procurement, installation, commissioning, system integration and testing to maintenance and after-sales support. It also provides fibre optic network execution, dark fibre leasing, cloud computing, virtualisation, data storage and AI enabled edge computing infrastructure.

Bench Mark Infotech Services Limited provides turnkey IT and digital infrastructure to government departments, PSUs and private clients, covering networking, structured cabling, fibre optics, surveillance, audio-visual, data centre and cloud solutions along with annual maintenance contracts.

IPO details

Issue price: ₹110
Price band: ₹104 – ₹110
Face value: ₹10
Lot size: 1200
Min investment: ₹1,32,000
Issue size: ₹42.44 Cr
Sale type: Fresh capital cum OFS
Listing on: NSE SME
BSE scrip code: BMISL
NSE symbol: BMISL-SM.NS

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	1,200	₹1,32,000
Retail (Max)	1	1,200	₹1,32,000
HNI (Min)	2	2,400	₹2,64,000

Investor reservation

CATEGORY	RESERVED
QIB	18,30,000 shares (49.93% of the Offer)
NII	5,50,800 shares (15.03% of the Offer)
Retail	12,84,000 shares (35.04% of the Offer)

Objects of the issue

1Funding the working capital requirements of the company30.00

2General Corporate Purposes

Financials

Rs. Crore • restated

METRIC	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	74.05	60.39	39.33
Total Income	63.99	50.80	34.76
Profit After Tax	10.22	5.83	1.48
EBITDA	14.06	8.28	2.28
NET Worth	26.55	16.33	10.50
Reserves and Surplus	26.44	16.23	10.40
Total Borrowing	2.71	0.78	1.41

Key performance indicators

P/E Ratio

15.36

EPS (₹)

7.16

RoE

47.65%

RoCE

47.74%

RoNW

38.48%

PAT Margin

16.88%

EBITDA Margin

21.97%

Debt / Equity

0.10

NAV (₹)

24.42

✓ Strengths

• Profit has grown nearly seven times in two years, from Rs 1.48 crore in FY2024 to Rs 5.83 crore in FY2025 and Rs 10.22 crore in FY2026.

• Sales have almost doubled over the same period, from Rs 34.76 crore to Rs 63.99 crore.

• EBITDA has grown from Rs 2.28 crore in FY2024 to Rs 14.06 crore in FY2026.

• The margin is high for IT infrastructure work, with a PAT margin of 16.88% and an EBITDA margin of 21.97%.

• Return ratios are excellent, with RoCE of 47.74% and RoNW of 38.48%.

• The company is almost debt free, with borrowing of Rs 2.71 crore against a net worth of Rs 26.55 crore.

• Annual maintenance contracts and facility support give repeat income after the project is handed over.

• The issue is priced at about 15.36 times earnings on an EPS of Rs 7.16.

⚠ Risks

• The growth is very fast and from a small base. Profit rose nearly seven times in two years, which cannot be assumed to continue.

• Rs 30 crore of the Rs 42.44 crore issue goes into working capital, which shows how much cash government projects block before payment arrives.

• Most customers are government departments and public sector undertakings. They buy through tenders where price decides, and they pay slowly.

• Project revenue is lumpy. A quarter without new orders leaves the team and overheads idle.

• Technology infrastructure work carries obsolescence risk, as equipment specified today can be superseded before the next contract.

• The company is small, with a net worth of Rs 26.55 crore.

• This is a fresh issue combined with an offer for sale, and promoter holding falls from 99.99% to 72.97%.

• This is an SME issue. One lot is 1,200 shares, which is Rs 1.32 lakh at the upper band of Rs 110, and SME shares usually trade in low volume after listing.

Promoters & holding

Vineet Kumar Gupta and Juli Gupta

Pre-issue promoter holding

99.99%

Post-issue promoter holding

72.97%

Promoters hold 99.99% before the issue and will hold 72.97% after it.

Data refreshed 07 Nov 2026, 04:51 pm IST. GMP is unofficial market sentiment, not investment advice.