Bench Mark Infotech Services Shares List Flat at ₹110 on NSE SME

Bench Mark Infotech Services shares made their stock market debut on October 5, 2026, listing at ₹110 per share on NSE SME, the same as the IPO issue price.

Following the listing, the BMISL share price traded at ₹115.50 as of 10:24 AM, up 5% from both the issue price and the listing price. During the session, the stock touched a high of ₹116 and a low of ₹105.

The listing followed the company's IPO, which was open for subscription from September 25 to September 29, 2026. The issue received overall subscription of 103.12 times. The IPO price band was fixed at ₹104 to ₹110 per share.

Bench Mark Infotech Services provides integrated IT and digital infrastructure solutions to government departments, public sector organisations, institutions and private-sector clients.

Bench Mark Infotech Services IPO Listing Details

Bench Mark Infotech Services IPO was a ₹42.44 crore book-building SME issue comprising a fresh issue of ₹37.40 crore and an offer for sale of ₹5.04 crore.

The fresh issue comprised 34 lakh shares, while the OFS consisted of 4.58 lakh shares. A separate market-maker reservation also formed part of the offer structure.

The IPO opened on September 25 and closed on September 29, with a price band of ₹104 to ₹110 per share.

The IPO received 103.12 times subscription overall. The NII category recorded 136.92 times subscription, followed by Individual Investors at 96.90 times and QIBs at 88.62 times.

Bench Mark Infotech Services listed at ₹110 on NSE SME and subsequently traded at ₹115.50.

• Issue Price: ₹110 per share

• NSE SME Listing Price: ₹110 per share

• Listing Premium/Discount: Nil

• Trading Price: ₹115.50 per share

• Change From Issue Price: 5.00%

• Intraday High: ₹116

• Intraday Low: ₹105

• Overall Subscription: 103.12 times

• Fresh Issue: ₹37.40 crore

• Offer for Sale: ₹5.04 crore

• Price Band: ₹104 to ₹110 per share

• IPO Open Date: September 25, 2026

• IPO Close Date: September 29, 2026

• Listing Date: October 5, 2026

• Exchange: NSE SME

First-Day Trading Performance

Listing Price: Bench Mark Infotech Services listed at ₹110, equal to its final issue price.

Post-listing price: The shares rose to ₹115.50 by 10:24 AM, representing a 5% increase from the issue and listing prices.

Intraday high: The stock touched ₹116, or 5.45% above the issue price.

Intraday low: The stock touched ₹105, approximately 4.55% below the issue price.

Subscription context: The IPO was subscribed 103.12 times overall, led by the NII segment.

Growth Drivers and Challenges

Growth Drivers

Integrated IT Infrastructure: The company provides end-to-end digital and IT infrastructure services.

Institutional Customer Base: Clients include government departments, PSUs, institutions and private-sector enterprises.

Technology Portfolio: Its offerings span networking, structured cabling, surveillance, data-centre infrastructure, cloud and related technology solutions.

OEM Relationships: Partnerships with technology and equipment vendors support the company’s systems-integration capabilities.

Financial Performance: Revenue and profit have expanded alongside growth in project execution.

Challenges

Customer Concentration: A significant share of revenue is generated from a limited number of large customers.

Government Tender Dependence: Competitive public-sector tenders form an important part of the company's business.

Working-Capital Intensity: Large receivables and project procurement can increase funding requirements.

Supplier Dependence: Hardware and equipment procurement relies on third-party OEMs.

Geographic Concentration: Business activity has historically been concentrated in parts of eastern India.

Utilisation of IPO Proceeds

The IPO comprised a ₹37.40 crore fresh issue and ₹5.04 crore OFS.

The company intends to use ₹30 crore from the fresh issue proceeds towards working-capital requirements. The balance is proposed to be used for general corporate purposes.

Principal uses include:

• ₹30 crore towards working-capital requirements

• General corporate purposes

Business and IPO Overview

Bench Mark Infotech Services Limited provides IT and digital infrastructure solutions across India.

Its services cover networking, structured cabling, fibre-optic systems, surveillance, data centres, cloud infrastructure and technology integration.

The company serves government departments, PSUs, institutional clients and private enterprises and undertakes supply, installation, commissioning and maintenance work.

The ₹42.44 crore IPO comprised a ₹37.40 crore fresh issue and a ₹5.04 crore offer for sale.

The issue was priced between ₹104 and ₹110 per share and recorded 103.12 times overall subscription.

Bench Mark Infotech Services listed flat at ₹110 on NSE SME before rising to ₹115.50 in the morning session.