Bench Mark Infotech Services IPO 2026: SME Issue, Dates and Details

27 Sep 2026 · 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.

Bench Mark Infotech Services Limited has launched its SME IPO on the NSE SME platform, open for bidding from 25 Sep to 29 Sep 2026. Here are the key details of the issue.

Written by the BuyUnlistedShares desk · Published 27 Sep 2026 · Updated 27 Sep 2026

Information only, not investment advice.

Direct answer: The Bench Mark Infotech Services IPO is an SME book-built issue open for subscription from 25 Sep 2026 to 29 Sep 2026, featuring a price band of ₹104.0 to ₹110.0 per share. For investors tracking primary and unlisted markets, Bench Mark Infotech Services on BuyUnlistedShares provides comprehensive data from BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.

Per the desk's tracker, the unofficial and indicative GMP for Bench Mark Infotech Services has remained steady at ₹16.0 (representing an indicative premium of +14.55%) as of 26 Sep 2026.

About Bench Mark Infotech Services Limited

Established in 2007, Bench Mark Infotech Services Limited is an Indian IT and digital infrastructure solutions provider. The company delivers end-to-end turnkey technology systems to government departments, public sector units, and private enterprises across India. It operates through an integrated, single-roof business model covering system design, engineering, integration, testing, and after-sales support.

Over the years, the firm has expanded its capabilities into advanced domains such as dark fibre leasing, cloud virtualization, data storage, and GPU-enabled Artificial Intelligence (AI) lab solutions. As of 30 Jun 2026, the company is backed by a workforce of 54 professionals working across operations, engineering, design, and administration to ensure project delivery.

Issue Terms and Key IPO Details

The Bench Mark Infotech Services IPO is structured as a Book Build Issue on the NSE SME exchange. The total issue size is ₹42.44 Cr, comprising a fresh issue of ₹35.27 Cr (up to 34,00,000 equity shares) and an Offer for Sale (OFS) of ₹5.04 Cr (up to 4,58,000 equity shares) by the promoter selling shareholder, Mr. Vineet Kumar Gupta. The face value of each share is ₹10.0.

The bidding window is open between 25 Sep 2026 and 29 Sep 2026. The allotment is expected to be finalised on 30 Sep 2026, with refunds and demat credit initiated on 01 Oct 2026. The tentative listing date on the NSE SME platform is 05 Oct 2026. Investors planning their applications can monitor this and other listings on the IPO calendar.

Subscription Status and Bidding Trends

The issue has seen steady participation since its opening. As of 25 Sep 2026, the overall subscription reached 0.26x. The retail category led the demand, while institutional and non-institutional segments showed initial bidding interest.

The subscription chart shows that as of 25 Sep 2026, the retail category led the demand at 0.41x, while the overall issue reached a subscription level of 0.26x on its first day.

Whether analyzing live bidding trends or researching the unlisted space via the Unlisted shares screener, investors can rely on BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 for data-driven insights.

Financial Performance and Peer Comparison

Bench Mark Infotech Services has demonstrated consistent financial growth over the last three fiscal years. According to the Restated Financial Statements in the RHP, total income grew from ₹34.76 Cr in FY24 to ₹50.80 Cr in FY25, and reached ₹63.99 Cr in FY26. Profit After Tax (PAT) followed a similar upward trajectory, rising from ₹1.48 Cr in FY24 to ₹5.83 Cr in FY25, and further to ₹10.22 Cr in FY26.

The company's EBITDA stood at ₹14.06 Cr in FY26, representing an EBITDA margin of 21.97%. Its net worth was recorded at ₹26.55 Cr as of 31 Mar 2026, with a conservative debt-to-equity ratio of 0.1.

The financial chart demonstrates a strong upward trajectory, with Profit After Tax growing from ₹1.48 Cr in FY24 to ₹10.22 Cr in FY26.

The table below compares Bench Mark Infotech Services with its listed industry peers as of 31 Mar 2026, per the RHP:

For context on other recent technology and industrial public offerings, you can read our detailed coverage on the German Green Steel IPO: Dates, Price Band, Lot Size, Issue Size and Company Details and the Moneyview IPO: Dates, Price Band and Key Details.

Key Strengths and Risk Factors

Strengths

• Integrated Business Model: The company provides a comprehensive range of services under one roof, including design, supply, installation, annual maintenance contracts (AMCs), and fibre optic solutions.
• Long-Standing Customer Relationships: Bench Mark Infotech has maintained strong relationships with public and private clients, with the top customer relationship averaging 11 years as of FY26.
• Experienced Leadership: The company is led by promoters Vineet Kumar Gupta and Juli Gupta, supported by a qualified management team with deep industry experience.

Risk Factors

• Customer Concentration: The company is dependent on a limited number of key customers for a substantial portion of its revenues.
• Government Tender Dependency: A significant proportion of orders are from government-related entities, which are awarded through competitive bidding and tender processes.
• Geographical Concentration: A major percentage of operational revenue is generated from three states: Bihar, Odisha, and West Bengal.
• Supplier Dependency: The business relies on a few OEM partners and vendors for IT equipment procurement without long-term contractual agreements.

Objects of the Issue

The company intends to utilise the net proceeds from the fresh issue of ₹35.27 Cr for the following objects:

• Funding the working capital requirements of the company (allocated ₹30.00 Cr).
• General corporate purposes.

The proceeds from the Offer for Sale (OFS) of ₹5.04 Cr will go directly to the promoter selling shareholder, and the company will not receive any funds from this portion.

For those looking to explore pre-IPO opportunities, unlisted shares, or detailed updates on upcoming public offers, please visit our enquiry page. To stay informed about the latest market movements, connect with BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.

Frequently Asked Questions

When does the Bench Mark Infotech Services IPO open and close?

The Bench Mark Infotech Services IPO opens for bidding on 25 Sep 2026 and closes on 29 Sep 2026.

What is the price band and minimum investment for retail investors?

The price band is set between ₹104.0 and ₹110.0 per share. The lot size is 1200 shares, and the minimum order quantity is 2400 shares, requiring a minimum application amount of ₹2,64,000.

What is the unofficial and indicative GMP for this IPO?

As of 26 Sep 2026, the unofficial and indicative GMP is ₹16.0, which represents an indicative premium of +14.55% over the upper price band. This rate is purely indicative and does not guarantee a specific listing price.

Who are the promoters of Bench Mark Infotech Services?

The promoters of the company are Vineet Kumar Gupta and Juli Gupta. Their pre-issue shareholding is 99.99%, which will change to 72.97% post-issue.

Is the Bench Mark Infotech Services IPO suitable for my portfolio?

We do not make that call. BuyUnlistedShares provides factual data, financial trends, and risk factors from the official Red Herring Prospectus to help you make an informed decision, but we do not offer investment advice or suitability ratings.

Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.