1. Company Overview
Bench Mark Infotech Services Limited (incorporated in 2007) is an Indian integrated IT and digital infrastructure solutions provider headquartered in Kolkata, West Bengal. The company operates as a single-window technology partner delivering end-to-end IT infrastructure systems design, engineering, procurement, installation, commissioning, testing, integration, and maintenance.
-
Core Offerings: Enterprise networking, audio-visual systems, surveillance & access control, data center infrastructure, dark fiber leasing, cloud computing, virtualization, data storage, and AI-enabled edge computing infrastructure.
-
Empanelments & Infrastructure Status: Registered as an Infrastructure Provider Category-I (IP-I) entity, allowing it to lease telecom infrastructure (dark fiber, right-of-way, duct space, and towers). Empaneled with major telecom and infrastructure PSUs, including BSNL and RailTel Corporation of India.
-
Target Segments: Primarily serves Government departments, Public Sector Undertakings (PSUs), institutional clients, and private corporate enterprises across India.
-
Promoters: Founded and led by Vineet Kumar Gupta (Chairman & Managing Director) and Juli Gupta.
2. Performance
-
Revenue Trajectory: Revenue from operations grew from ₹34.10 crore (total income ₹34.76 crore) in FY24 to ₹50.80 crore in FY25, and reached ₹60.53 crore (total income ₹63.99 crore) in FY26 (~26.0% YoY growth).
-
Profitability Expansion: Profit after tax (PAT) surged from ₹1.48 crore in FY24 to ₹5.83 crore in FY25, and expanded to ₹10.22 crore in FY26 (~75.3% YoY growth).
-
Margin Profile: EBITDA margin improved significantly to 21.97% in FY26 (up from 6.56% in FY24), with a PAT margin of 16.88% in FY26.
-
Operational Capabilities: Powered by an in-house team across engineering, design, project execution, and procurement handling long-cycle infrastructure projects.
3. IPO Details
| Parameter |
Details |
| IPO Bidding Dates |
September 25, 2026 – September 29, 2026 |
| Tentative Listing Date |
October 5, 2026 (NSE SME Platform) |
| Issue Price Band |
₹104 to ₹110 per share |
| Face Value |
₹10 per equity share |
| Total Issue Size |
38,58,000 Equity Shares (aggregating up to ₹42.44 Crore) |
| Fresh Issue Portion |
34,00,000 Equity Shares (~₹37.40 Crore) |
| Offer for Sale (OFS) |
4,58,000 Equity Shares (~₹5.04 Crore) |
| Market Maker Reservation |
1,93,200 Equity Shares (~₹2.13 Crore) |
| Net Offer to Public |
36,64,800 Equity Shares (~₹40.31 Crore) |
| Allocation Structure |
QIB: Up to 50% (incl. Anchor) | Retail: Min 35% | NII: Min 15% |
| Minimum Retail Lot Size |
2 Lots (2,400 shares) = ₹2,64,000 (at upper price band) |
| Minimum S-HNI Lot Size |
3 Lots (3,600 shares) = ₹3,96,000 |
| Book Running Lead Manager |
GYR Capital Advisors Pvt. Ltd. |
| Registrar to the Issue |
KFin Technologies Limited |
| Market Maker |
Giriraj Stock Broking Pvt. Ltd. |
Objects of the Fresh Issue
4. Financial Details
Financial Summary (Amounts in ₹ Crore)
| Financial Metric |
FY24 |
FY25 |
FY26 |
| Total Income |
₹34.76 |
₹50.80 |
₹63.99 |
| EBITDA |
₹2.28 |
₹8.28 |
₹14.06 |
| Profit After Tax (PAT) |
₹1.48 |
₹5.83 |
₹10.22 |
| Net Worth |
₹10.50 |
₹16.33 |
₹26.55 |
| Total Borrowings |
₹1.41 |
₹0.78 |
₹2.71 |
| Total Assets |
₹39.33 |
₹60.39 |
₹74.05 |
Key Valuation Ratios & Metrics (FY26)
-
Pre-Issue Share Capital: 1,08,72,650 equity shares
-
Post-Issue Share Capital: 1,42,72,650 equity shares
-
Implied Market Capitalization: ₹157.00 Crore (at upper price band of ₹110/share)
-
Earnings Per Share (EPS): ₹9.40
-
P/E Ratio: ~11.70x (at upper price band based on FY26 EPS)
-
EBITDA Margin: 21.97%
-
PAT Margin: 16.88%
