Benchmark Computer Solutions Limited IPO

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  1. Corporate History:
    • Originally incorporated as “Benchmark Computer Solutions Private Limited” in 2002 under the Companies Act, 1956.
    • Converted from a private limited company to a public limited company in June 2023, with a name change to “Benchmark Computer Solutions Limited.”
    • Promoters, Mr. Dhananjay Vrindawan Wakode and Mr. Hemant Muddanna Sanil, are experienced professionals in the IT industry with a combined experience of more than four decades.
  2. Business Focus:
    • Engaged in IT infrastructure solutions, technology consultancy, and software development.
    • Provides end-to-end technology services, including IT infrastructure and software development services.
    • Offers service models such as Infrastructure as a Service (IaaS) and Software as a Service (SaaS).
  3. Service Portfolio:
    • Service offerings include IT infrastructure solutions, software and web-based application development services, and Annual Maintenance Contract (AMC) and Facility Management Services (FMS).
    • Aims to deliver differentiated outcomes by leveraging advanced technologies and expertise, tailored to customers’ business needs.
    • Deep domain knowledge across industry sectors and expertise in both traditional and new-age technologies.
  4. IT Infrastructure Management:
    • Demonstrates impressive credentials in executing complex IT transformation projects and providing efficient IT infrastructure solutions and services for enterprise customers.
    • Focuses on delivering high-complexity solutions, customer satisfaction, and innovative IT services.
    • Offers managed IT workplace services to ensure appropriately sized infrastructure and support.
  5. Partnerships and Certifications:
    • Authorized partner to multiple Original Equipment Manufacturers (OEMs) including HP, SafeAeon, Veeam, Vertiv, Lenovo, Konika Minolta Business Solutions, and Dell Technologies.
    • Holds certifications such as ISO 9001:2015 and ISO 27001:2013, indicating a commitment to quality management and information security.
  6. Core Business Categories:
    • IT Infrastructure Solutions
    • Software and Web-Based Application Development Services
    • Annual Maintenance Contract (AMC) and Facility Management Services (FMS)

Objects of the Benchmark Computer Solutions Limited IPO:

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: 1. Capital Expenditure 2. Working Capital Requirement 3. General Corporate Purpose 4. To meet Public Issue Expenses
DRHP of Benchmark Computer Solutions Limited IPO
RHP of Benchmark Computer Solutions Limited IPO

Benchmark Computer Solutions Limited IPO Details:

Open Date: Dec 14 2023
Close Date: Dec 18 2023
Total Shares: 1,854,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 12.24 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 66 Per Equity Share
Listing At: BSE SME
Listing Date: Dec 21 2023

Promoters And Management:

Mr. Dhananjay Vrindawan Wakode aged 54 years is Promoter and Chairman and Managing Director of the Company. He was appointed as a director since the incorporation of the company, i.e., since October 31, 2002 and his designation was changed to Chairman and Managing Director, liable to retire by rotation for a period of 5 Years w.e.f. July 17, 2023, pursuant to resolution passed shareholders of the company in the Extra-Ordinary General Meeting. He has completed his Diploma in Audio & Video Engineering from The Board of Technical Examination, Maharashtra State in the year 1991. He is having experience of more than 20 years in the field of Computer Solution Industry. Mr. Hemant Muddanna Sanil aged 58 years is Promoter and Whole Time Director of the Company. He was appointed as a director since the incorporation of the company, i.e., since October 31, 2002 and his designation was changed to Whole Time Director, liable to retire by rotation for a period of 5 Years w.e.f. July 17, 2023, pursuant to resolution passed shareholders of the company in the Extra-Ordinary General Meeting. He has completed his Bachelor of Engineering in Electronics and Communication from Mangalore University in the year 1986. He is having experience of more than 20 years in the field of Computer System Industry. Ms. Savita Hemant Sanil aged 49 years is appointed as an Executive Director of the Company. She was appointed as an Additional Director of the Company w.e.f. June 07, 2023. Subsequently, her designation was changed to Executive Director w.e.f. July 17, 2023. She has completed her Bachelor in Commerce from Mangalore University. She has more than 12 years of experience in the field of Marketing operations.

Financials of Benchmark Computer Solutions Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
6M-FY24
Revenue from Operations 1,470 1,864 3,195 1,298
Other Income 39 40 47 25
Total Revenue 1,508 1,904 3,241 1,323
Purchase of Stock-in-trade 1,081 1,241 2,200 879
Changes in Inventories -133 35 81 -35
Employee benefits expenses 287 342 440 238
Other Administrative Expenses 82 99 160 66
EBITDA 192 188 360 175
Depreciation & Amortisation 38 25 42 25
Finance Cost 32 36 43 23
EBIT 154 163 318 150
OPM (%) 12.72% 9.85% 11.11% 13.21%
PBT 121 126 275 126
Tax 24 44 72 30
PAT 97 83 203 96
NPM (%) 6.42% 4.34% 6.26% 7.23%
No.of Shares 68.64 68.64 68.64 68.64
EPS 1.40 1.20 2.95 1.39

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Benchmark Computer Solutions Limited 32 2 2.95 22.3 66 45
Silver Touch Technologies Limited 164 10 7.66 78.2 700 887
Dynacons Systems & Solutions Limited 804 33 26.30 17.4 637 809
* All the data is as per FY23.

Lead Manager of Benchmark Computer Solutions Limited IPO:

  1. Beeline Broking Limited

Registrar of Benchmark Computer Solutions Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

Benchmark Computer Solutions Limited Unit No 2, 2nd Floor, Jyoti Wire House, Plot No 23A Shah Indl. Estate, Veera Desai Road, Andheri (W), Mumbai, 400053, Phone: 022-40822104 Email: info@benchmarksolution.com Website: https://www.benchmarksolution.com/

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