| Initial public offering of 38,58,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Bench Mark Infotech Services Limited ("Benchmark" or the "Company" or "Issuer") for cash at a price of Rs. 110 per equity share (including a share premium of Rs. 100 per equity share) (the "Offer Price"), aggregating to Rs. 42.44 Crores ("the Offer"), comprising a fresh issue of 34,00,000 equity shares aggregating to Rs. 37.4 Crores by the company ("Fresh Issue") and an offer for sale of 4,58,000 equity shares by Vineet Kumar Gupta ("The Promoter Selling Shareholder") aggregating to Rs. 5.04 Crores ("Offer For Sale"). Out of the offer, 1,93,200 equity shares aggregating to Rs. 2.13 Crores will be reserved for subscription by the market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. Offer of 36,64,800 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 110 per equity share aggregating to Rs. 40.31 Crores is hereinafter referred to as the "Net Offer". The offer and the 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. 110/- per equity share of face value Rs. 10/- each.
The floor price is 11.00 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. |