Benchmark Comput IPO

Benchmark Computer Solutions Ltd

₹1,32,000 /2000 sharesMinimum Investment

Benchmark Comput IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
14 Dec ‘23 - 18 Dec ‘23₹1,32,0002,000₹66 - ₹66
Issue Size
12.24Cr

About Benchmark Comput

Benchmark Computer Solutions Limited is an IT infrastructure solutions and technology consulting company. The Company provides end-to-end technology and technology related services including IT Infrastructure and Software Development Services. The Company provides service models such as IaaS (Infrastructure as a Service) and SaaS (Software as a Service). The Service portfolio of the company comprises of IT Infrastructure solutions, Software and Web Based Application Development Services and Annual Maintenance Contract (AMC) and Facility Management Services (FMS). The Company has deep domain knowledge across industry sectors and technology expertise across traditional and new age technologies. Using its extensive understanding of its customers' businesses and leveraging a combination of advanced technologies and expertise, company provides tailored solutions designed to deliver differentiated outcomes. ;
Parent organisation
Benchmark Computer Solutions Ltd

Strengths & Financials of Benchmark Comput

Strengths
Risks
Ability to provide customized and integrated IT solutions.\r\nExperienced Promoter and Management Team.\r\nLong-standing relationships with its customers.\r\nWide range of Service Portfolio.
The Company, Promoters, Promoters Group and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various courts and regulatory authorities. Any adverse decision may make us liable to liabilities/ penalties and may adversely affect its reputation, business and financial status.\r\nThe title deeds of immovable properties shown in the financial statements of the Company are not held in the name of the Company and we are not sure the same will be transferred in the name of the Company in future or at all.\r\nThe company derives a significant portion of its revenue from its IT Infrastructure solutions. Therefore, factors that adversely affect the demand for such IT Infrastructure solutions or the company position and reputation as a provider of such IT Infrastructure solutions may adversely affect its business and results of operations.\r\nInterruptions or delays in service from its third-party providers could impair the company service delivery model, which could result in customer dissatisfaction and a reduction of its revenue.\r\nCertain of its customer contracts are subject to bank guarantees, which, if invoked, could adversely impact the company revenue and profitability.\r\nThe company face risks associated with currency exchange rate fluctuations.\r\nIncrease in the cost of, or a shortfall in the availability of IT Equipment's could have an adverse effect on its business, results of operations and financial condition.\r\nIf the company is cannot attract and retain highly-skilled IT professionals, the company ability to obtain, manage and staff new projects and to continue to expand existing projects may result in loss of revenue and an inability to expand its business.\r\nSubstantial portion of its revenues has been dependent upon limited number of customers.\r\nThe Company is dependent on few numbers of suppliers for purchase of product. Loss of any of this large suppliers may affect its business operations.\r\nThe company export sale subject it to additional risks that can adversely affect the company results of operations.\r\nThere are certain discrepancies and non- compliances noticed in some of its financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.\r\nThe Company has several Contingent Liability and Commitments which if materialize could affect its financial position.\r\nThe company's business is highly dependent on technology and any disruption or failure of its technology systems may affect the company operations.\r\nThe Company operates under several statutory and regulatory permits, licenses and approvals. Its failure to obtain and/or renew any approvals or licenses in future may have an adverse impact on its business operations.\r\nThe company individual Promoters plays key role in its functioning and its heavily relies on their knowledge and experience in operating its business and therefore, it is critical for the company business that its Promoter and Executive Directors remain associated with it. The company success also depends upon the services of its key managerial personnel and its ability to attract and retain key managerial personnel and the company inability to attract them may affect its operations.\r\nThe company insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.\r\nThe company failure to perform in accordance with the standards prescribed in work order of its client could result in loss of business or compensation payment.\r\nThe company has availed a credit facility from bank and it is subject to certain restrictive covenants. Any Delay in issuing No Objection Certificate for the proposed issue may delay its proposed Initial public offering.\r\nIts ability to attract, train and retain executives and other qualified employees is critical to its business, results of operations and future growth.\r\nThe company investments in human capital and technology may not yield the intended results.\r\nThe Company requires significant amount of working capital for a continued growth. its inability to meet the company working capital requirements may have an adverse effect on its results of operations.\r\nInability to effectively manage its growth and related issues could materially and adversely affect its business and impact the company future financial performance.\r\nClients may delay or default in making payments for services which could affect the cash-flows and liquidity of the Company.\r\nThe company may be liable to its clients for damages caused by system failures, disclosure of confidential information or data security breaches, which could harm its reputation and cause it to lose clients.\r\nIn addition to normal remuneration, other benefits and reimbursement of expenses to the company Promoters and Directors; they are interested to the extent of their shareholding and dividend entitlement thereon in the Company and for the transactions entered into between the Company and themselves as well as between the Company and its Group Companies/Entities. The Company in future may enter in related party transactions subject to necessary compliances.\r\nThe average cost of acquisition of Equity shares by its Promoters is lower than the Issue price.\r\nThe company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.\r\nThe company revenues and profitability vary across its business verticals, thereby making the company future financial results less predictable.\r\nThe company Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.\r\nThere is no monitoring agency appointed by Our Company to monitor the utilization of the Issue proceeds.\r\nIndustry information included in this draft prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.\r\nWithin the parameters as mentioned in the chapter titled "Objects of this Issue" of this draft prospectus, our Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.\r\nThe company has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the Issue".\r\nAny variation in the utilization of the Net Proceeds as disclosed in this Draft Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.\r\nAny future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.\r\nIts ability to pay dividends in the future will depend upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.\r\nIts inability to effectively implement its business and growth strategy may have an adverse effect on the company operation and growth.\r\nThe requirements of being a public listed company may strain its resources and impose additional requirements.

Benchmark Comput Financials

*All values are in Rs. Cr
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Application Details of Benchmark Comput IPO

Apply asPrice bandApply Range
Regular66 - 66Upto ₹2 Lakh
High Networth Individual66 - 66₹2 - 5 Lakh
For Benchmark Comput IPO, eligible investors can apply as Regular.