The Core4 Engineers IPO is a completely fresh book built issue worth ₹54.82 cr., offering 58.94 lakh equity shares. The public subscription opens on 23/10/ 2026, and closes on 27/10/2026. Following the closing of the order period, share allotment is expected to be confirmed on 28/10/ 2026. Successful applicants can expect the shares to list on the BSE SME platform, with a tentative listing date scheduled for 30/10/ 2026.
Core4 Engineers has fixed the offer price band at ₹88 to ₹93 per share. The lot size per application is set at 1,200 shares, though retail individual investors must proposal for a lowest of 2 lots (2,400 shares), requiring an investment of ₹2,23,200 at the upper price band. High Net Worth Individuals (HNIs) are compulsory to apply for at least 3 lots (3,600 shares), amounting to ₹3,34,800. Socradamus Capital Pvt. Limited is acting as the lead manager for the issue, while Purva Sharegistry (India) Pvt. Ltd. serves as the registrar, and Mansi Share & Stock Broking Pvt. Limited takes on the role of market maker.
Core4 Engineers IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| Core4 Engineers | Wed, Oct 28, 2026 | Fri, Oct 30, 2026 | https://www.purvashare.com/investor-service/ipo-query |
Core4 Engineers IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 23 to 27 Oct, 2026 |
| Listing Date | Fri, Oct 30, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹88 to ₹93 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Total Issue Size | 58,94,400 shares (agg. up to ₹55 Cr) |
| Reserved for Market Maker | 7,20,000 shares (agg. up to ₹7 Cr) Mansi Share & Stock Broking Pvt.Ltd. |
| Fresh Issue | 51,74,400 shares (agg. up to ₹48 Cr) |
| Net Offered to Public | 51,74,400 shares (agg. up to ₹48 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,47,88,845 shares |
| Share Holding Post Issue | 2,06,83,245 shares |
Core4 Engineers IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Fri, Oct 23, 2026 |
| IPO Close Date | Tue, Oct 27, 2026 |
| Tentative Allotment | Wed, Oct 28, 2026 |
| Initiation of Refunds | Thu, Oct 29, 2026 |
| Credit of Shares to Demat | Thu, Oct 29, 2026 |
| Tentative Listing Date | Fri, Oct 30, 2026 |
Core4 Engineers Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,23,200 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,23,200 |
| S-HNI (Min) | 3 | 3600 | ₹3,34,800 |
| S-HNI (Max) | 8 | 9600 | ₹8,92,800 |
| B-HNI (Min) | 9 | 10800 | ₹10,04,400 |
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50 % of the Net Issue |
| NII | Not less than 15.00% of the Net Issue |
| Retail | Not less than 35.00% of the Net Issue |
Core4 Engineers IPO GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 20-Oct 14:37 | ₹93 | ₹0 (0.00%) ─ | ₹93 | ₹0 |
Overview of Core4 Engineers
Established in June 2014, Core4 Engineers Ltd. is a prominent Engineering, Procurement, Construction, and Commissioning (EPCC) firm delivering end to end infrastructure solutions across India. The company specializes in turnkey project execution handling everything from initial design and engineering to procurement, installation, testing, commissioning, and long-term operations & maintenance. Its operations span five core business segments: railway electrification and infrastructure, Extra High Tension (EHT) power transmission and distribution, water and wastewater treatment, automated SCADA systems, and custom distribution panel manufacturing.
In the railway sector, Core4 Engineers handles traction substations, overhead electrification, station redevelopments, and signaling/telecommunication integration. Its power T&D division executes turnkey substation and transmission line projects up to 220 kV, while its water division develops sewage, water, and effluent treatment plants integrated with modern process automation. Crucially, the company’s in-house manufacturing plant produces custom High-Tension (HT) and Low Tension (LT) distribution panels-including VCB, PCC, MCC, and PLC based control panels-which optimizes project costs, speeds up delivery, and enforces strict quality control.
Workforce, Business Model, and Key Competitive Strengths
Core4 Engineers serves a broad clientele comprising government agencies, public sector undertakings (PSUs), utility providers, and private infrastructure contractors. Beyond full EPC execution, the company offers on-ground subcontracting support to ensure seamless delivery of complex engineering projects. Supported by an agile operational model, the company’s workforce as of June 30, 2026, stood at 462 personnel, consisting of 62 core payroll employees and 400 specialized project execution laborers.
Core Strengths Driving Growth:
- End-to-End EPCC Integration: Complete project lifecycle management under one roof.
- Diversified Business Segments: Revenue streams distributed across power, rail, and water infrastructure.
- In-House Panel Manufacturing: Enhanced cost management, custom engineering, and strict quality assurance.
- Specialized Technical Expertise: Advanced capabilities in PLC and SCADA automation systems.
- Strategic Market Presence: Strong positioning across high-growth, government-backed infrastructure verticals.
Company Financials
Core4 Engineers Financial Information (Restated Standalone)
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 145.43 | 116.32 | 67.12 | 31.97 |
| Total Income | 45.77 | 91.79 | 34.60 | 33.63 |
| Profit After Tax | 6.17 | 12.37 | 3.81 | 2.89 |
| EBITDA | 9.08 | 18.30 | 6.71 | 4.96 |
| NET Worth | 37.23 | 31.07 | 18.70 | 6.43 |
| Reserves and Surplus | 22.44 | 16.28 | 15.74 | 3.63 |
| Total Borrowing | 40.57 | 31.58 | 18.58 | 16.75 |
Key Performance Indicator (KPI)
The market cap. of Core4 Engineers IPO is for Pre IPO ₹137.54 Cr., & for Post IPO ₹192.35 Crores.
KPI as of Mar 31, 2026
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 18.06% | 49.70% |
| ROCE | 13.23% | 37.78% |
| Debt/Equity | 1.09 | 1.02 |
| RoNW | 16.56% | 39.81% |
| PAT Margin | 13.51% | 13.54% |
| EBITDA Margin | 19.90% | 20.04% |
| NAV | 25.18 | 21.01 |
| Price to Book Value | 3.69 | 4.43 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.36 | 11.93 |
| P/E (x) | 11.12 | 7.8 |
| Company Promoters: | Agrahara Chamaraje Gowda Abhinandan, Hosahalli Appagigowda Savitha, Mahadevappa Tejus and Anala. | |
| Promoter and Promoter Group | 82.09% | 58.69% |
| Public | 17.91% | 41.31% |
| Total | 100% | 100% |
Core4 Engineers IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Funding capital expenditure for the acquisition of a property comprising land and an existing building, proposed to be utilized for establishing and operating a new manufacturing facility and corporate office; | 4.12 |
| Funding incremental working capital requirements; and | 40.48 |
| General Corporate Purposes | – |
| Total | 44.60 |
Core4 Engineers IPO Contact Details
- Core4 Engineers Ltd.
- Mathrushree No. 12
- 1st Floor, Near Ramana Maharshi Gyana Kendra
- Next to New court, K Block, Kuvempunagar
- Mysuru, Karnataka, 570023
- 821 4507882
- investor@core4grp.com
- Website: https://core4engineers.com/
Core4 Engineers IPO Registrar
Purva Sharegistry (India) Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 022-41343255 |
| Email: | newissue@purvashare.com |
| Website: | https://www.purvashare.com/investor-service/ipo-query |
Core4 Engineers IPO FAQs
When Core4 Engineers IPO become available?
The IPO will open on Fri, Oct 23, 2026.
What is the minimum lot size for the Core4 Engineers IPO?
The minimum lot size is 1,200 shares.
When will the shares for the Core4 Engineers IPO be allotted?
The allotment is expected to be finalized on Wed, Oct 28, 2026
What is the expected listing date for the Core4 Engineers IPO?
The tentative listing date is Fri, Oct 30, 2026.
How can I apply for the Core4 Engineers IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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