NSE List Price : ₹110.00

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Category	Times
QIBs	88.62x
HNIs	137.27x
Retail	96.9x
Total : 103.19x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹264,000
Retail Maximum	2	2,400	₹264,000
S - HNI Minimum	3	3,600	₹396,000
S - HNI Maximum	7	8,400	₹924,000
B - HNI Minimum	8	9,600	₹1,056,000

About the Company

Bench Mark Infotech Services Limited was incorporated in 2007 in Kolkata and provides integrated IT and digital infrastructure solutions. The company works mainly as a system integrator, undertaking the design, supply, installation, testing, commissioning and maintenance of IT infrastructure for customers.

Core Customer Base: The company primarily serves government departments, public sector undertakings, educational institutions and corporate clients, with a strong presence in Bihar, Odisha and West Bengal. Government customers contributed 73.10% of FY26 revenue.

Business Model: The company procures IT equipment from OEMs and authorised vendors, integrates and installs the systems according to project requirements, and provides maintenance and technical support after implementation. It also provides fibre-optic infrastructure services.

Track Record: The company has executed projects involving network infrastructure, SD-WAN, last-mile connectivity, surveillance and data communication infrastructure for government and PSU-related customers. It received ISO 9001:2015 certification in 2023 and ISO/IEC 27001:2022 certification in 2025.

Products & Services

Network & Connectivity Solutions: Networking, switches, routers, communication infrastructure, SD-WAN and last-mile connectivity.

Audio-Visual & Display Solutions: Digital displays, audio-visual systems and classroom technology infrastructure.

Safety & Security Solutions: CCTV surveillance, access-control systems and related security infrastructure.

Data Storage & Data Centre Solutions: Servers, data-storage systems, data-centre infrastructure and related solutions.

Fibre Optic Infrastructure: Fibre-optic lines, trenching, ducting, restoration and fibre infrastructure leasing.

Facility & Maintenance Services: Annual maintenance contracts, preventive maintenance, troubleshooting, system monitoring and technical support.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹34.76	₹32.70	₹1.48	₹39.33
2025	₹50.80	₹42.85	₹5.83	₹60.39
2026	₹63.99	₹50.36	₹10.22	₹74.05

Company Promoter

Vineet Kumar Gupta

Juli Gupta

Know before investing

• • Strengths

  Integrated IT Infrastructure Capabilities: The company provides end-to-end services covering procurement, system integration, installation, commissioning and maintenance.

  Government & PSU Experience: The company has a track record of executing technology infrastructure projects for government departments and PSUs. Government customers contributed 73.10% of FY26 revenue.

  Experienced Customer Relationships: The company had 23 repeat customers out of 41 customers in FY26, supporting repeat business potential.

  Established OEM Relationships: The company works with major equipment manufacturers and authorised technology vendors for sourcing IT infrastructure products.

  Diversified Service Portfolio: Its offerings cover networking, surveillance, audio-visual systems, data storage, fibre infrastructure, facility management and maintenance.

  Revenue Growth: Revenue increased from 34.10 crore in FY24 to 60.53 crore in FY26, while PAT increased from 1.48 crore to 10.22 crore over the same period.

• • Risks

  High Customer Concentration: The top 10 customers contributed 94.19% of FY26 revenue, while the largest customer alone contributed 25.21%. Loss of major customers could materially affect revenue.

  Government Tender Dependence: A substantial portion of business comes through competitive tender-based government and PSU contracts, creating risks related to tender success and pricing pressure.

  Geographical Concentration: Bihar, Odisha and West Bengal together contributed 80.04% of FY26 revenue, creating regional concentration risk.

  Working Capital Risk: Trade receivables increased significantly, with receivable days rising from 239 days in FY24 to 280 days in FY26.

  Negative Operating Cash Flow: Operating cash flow was negative at 6.77 crore in FY26, despite reported profit, mainly due to higher receivables.

  Supplier Dependence: The top 10 suppliers accounted for 59.60% of FY26 purchases and direct expenses, and the company does not have long-term supply contracts with key suppliers.

  Employee & Execution Risk: The company depends on technical personnel and project staff for execution. It had 54 employees as of June 30, 2026, with project labour also engaged through contractors.

Objects of the Issue & Utilisation of proceeds

The IPO comprises 34,00,000 fresh equity shares and an Offer for Sale of 4,58,000 shares by promoter selling shareholder Vineet Kumar Gupta. At the upper price band, the total issue size is approximately 42.44 crore, comprising approximately 37.40 crore fresh issue and 5.04 crore OFS. The OFS proceeds go to the selling shareholder and are not received by the company.

Working Capital Requirements: Up to 30.00 crore is proposed to be utilised for funding the company's working capital requirements for FY27 and FY28. The company plans to deploy 10.00 crore in FY27 and 20.00 crore in FY28.

General Corporate Purposes: The remaining portion of the fresh issue, subject to the limits specified in the offer document, will be used for general corporate purposes.

No Debt Repayment: The stated IPO objects do not include repayment of existing borrowings; the primary purpose of the fresh issue is working capital and general corporate purposes.

Company Address

Bench Mark Infotech Services Ltd.
P-118
Swami Swarupananda Sarani
4th Floor
Kolkata, West Bengal, 700054
Phone: 8017518147
Email: cs@benchmarkinfo.com
Website: https://www.benchmarkinfo.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 040-79615565
Email: benchmarkinfo.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/