Benchmark Computer Solutions had a decent market debut on December 21, listing at a 21 percent premium over the IPO price. The stock opened at Rs 80 on the BSE SME platform against the issue price of Rs 66.
The initial public offering was subscribed 484.49 times with retail investors' portion getting booked over 590 times the allotted quota.
Also Read: Innova Captab IPO opens on December 21: Anchor investors pick Rs 171 crore worth shares
Ahead of the listing, the share was commanding a 22 percent premium in the grey market, an unofficial ecosystem where shares start trading before the allotment in the IPO and continue till the listing day. Most investors track the grey market premium to get an idea of the listing price.
The Rs 12.24-crore public offer opened for subscription on December 14 and closed on December 18, with the price fixed at Rs 66 per share.
The issue proceeds from the fresh issue will be utilized for capital expenditure, working capital requirement, general corporate purposes and to meet public issue expenses.
Benchmark Computer Solutions Limited is a technology consulting and software development company specializing in IT infrastructure solutions. The company provides IT infrastructure solutions, software and web-based application development services, annual maintenance contracts (AMC) and facility management services (FMS).
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