Benchmark Computer Solutions made a strong market debut on December 21, opening at a notable 21 percent premium over its IPO price of Rs 66 on the BSE SME platform. The stock commenced trading at Rs 80, reflecting strong investor interest.
The company’s initial public offering, which was open for subscription from December 14 to December 18, witnessed an overwhelming response, with a subscription rate of 484.49 times. The retail investors’ portion was particularly noteworthy, oversubscribed by over 590 times the allotted quota.
Prior to the listing, the stock commanded a 22 percent premium in the grey market, an unofficial platform where shares are traded before IPO allotment and continue until the listing day. Investors often monitor the grey market premium to gauge potential listing prices.
The public offer, amounting to Rs 12.24 crore, aimed to raise funds for various purposes, including capital expenditure, working capital requirements, general corporate purposes, and covering public issue expenses.
Benchmark Computer Solutions Limited specializes in technology consulting and software development, focusing on IT infrastructure solutions. The company’s offerings include IT infrastructure solutions, software and web-based application development services, annual maintenance contracts (AMC), and facility management services (FMS).
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