Bench Mark Infotech Services IPO
Bench Mark Infotech Services IPO is an SME IPO raising ₹42 Cr at ₹104 – ₹110 a share. It listed on 5 Oct 2026 at ₹110, 0.0% against its issue price of ₹110, and trades at ₹188 today (+71.3% since issue). It was subscribed 239× in total.
239.2 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs110. Checked: exchange issue size Rs42 Cr vs derived Rs42.4 Cr (1.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 56% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Dynacons Systems & Solutions Ltd | 26.55× | 26.9% | ₹66.64 |
| Xtranet Technologies Limited | 50.87× | 30.01% | ₹10.4 |
| Esconet Technologies Limited | 15.66× | 7.68% | ₹4.66 |
| This issue | 11.7× | 38.48% | ₹9.4 |
derived: cut-off price Rs110 / stated EPS Rs9.4 (FY26 (year ended March 31, 2026), Basic and Diluted EPS both Rs 9.40, post-Bonus Issue adjustment (Board resolution dated May 08, 2026), calculated as per AS 20). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.