Bench Mark Infotech Services Ltd - IPO

Bench Mark Infotech Services Ltd IPO Details

Initial public offer of upto 38,58,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Bench Mark Infotech Services Limited (Benchmark or the Company) for cash at a price of Rs. 104-110 per equity share (the Offer Price) aggregating upto Rs. 40.12-42.44 Crores (the Offer) comprising a fresh issue of upto 34,00,000 equity shares aggregating to Rs. 35.36-37.4 Crores (the Fresh Issue) and an offer for sale of up to 4,58,000 equity shares of face value of Rs. 10/- each by Vineet Kumar Gupta (the promoter selling shareholder) aggregating to Rs. 4.76-5.04 Crores (Offer For Sale). out of which the offer up to 1,93,200 equity shares aggregating Rs. 2.01-2.13 Crores will be reserved for subscription by the market maker (the Market Maker Reservation Portion). The offer less market maker reservation portion i.e. Issue of up to 36,64,800 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 104-110 per equity share aggregating upto Rs. 38.11-40.31 Crores is hereinafter referred to as the Net Offer. The public offer and net offer will constitute 27.03% and 25.68% respectively of the post-offer paid-up equity share capital of the company.Price Band: Rs. 104/- to Rs. 110/- per equity share of face value Rs. 10/- each.The floor price is 10.4 times the face value and cap price is 11.0 times the face value of equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.

Objective of issue

Funding the working capital requirements of the company. General Corporate Purposes.

Bench Mark Infotech Services Ltd Contact Details

Bench Mark Infotech Services Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@benchmarkinfo.com