Core4 Engineers
Price band ₹88–93 · Issue ₹54.82 Cr
Market attention score 65.4 (how ranked)
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Capital required
Approximate retail outlay for Core4 Engineers at the issue price band (lot × lots).
Est. capital
₹1,05,600 – ₹1,11,600
Lot size 1,200 · up to ₹93/share
Prefer smaller tickets before listing? Explore unlisted & pre-IPO shares.
Opens
23 Oct 2026
Closes
27 Oct 2026
Allotment
28 Oct 2026
Listing
30 Oct 2026
Lot size
1,200
Subscription
0.71×
Overview
Core4 Engineers IPO is a book build issue of ₹54.82 crores. The issue is entirely a fresh issue of 58.94 lakh shares of ₹54.82 crore.
Core4 Engineers IPO bidding opened for subscription on Oct 23, 2026 and will close on Oct 27, 2026. The allotment for the Core4 Engineers IPO is expected to be finalized on Oct 28, 2026. Core4 Engineers IPO will list on the BSE SME with a tentative listing date fixed as Oct 30, 2026.
Core4 Engineers IPO is set issue price band at ₹88 to ₹93 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,23,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,34,800.
Socradamus Capital Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Mansi Share & Stock Broking Pvt.Ltd.
Refer to Core4 Engineers IPO RHP for detailed Information.
Issue details
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
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Lot size
| 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 | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 25,84,800 | 49.95% | 43.85% |
| − Anchor Investor | 15,44,400 | 26.20% | |
| − QIB (Ex. Anchor) | 10,40,400 | 17.65% | |
| NII (HNI) | 7,77,600 | 15.03% | 13.19% |
| − bNII > ₹10L | 5,18,400 | 8.79% | |
| − sNII < ₹10L | 2,59,200 | 4.40% | |
| Retail | 18,12,000 | 35.02% | 30.74% |
| Firm Reservations | |||
| Market Maker | 7,20,000 | 12.21% | |
| Total | 58,94,400 | 100.00% | 100.00% |
Subscription
Core4 Engineers IPO subscribed 0.71 times. The public issue subscribed 0.40 times in the individual investors category, 0.00 times in QIB (Ex Anchor), and 2.37 times in the NII category by October 26, 2026 5:54:59 PM (Day 2).
| Category | Subscription (x) | Shares Offered* | Shares bid for | Total Amt* (₹ Cr.) | Total Applications |
|---|---|---|---|---|---|
| Anchor | 1 | 15,44,400 | 15,44,400 | 14.363 | - |
| Market Maker | 1 | 7,20,000 | 7,20,000 | 6.696 | - |
| QIB (Ex Anchor) | 0.00 | 10,40,400 | 0 | 0 | 0 |
| NII*** | 2.37 | 7,77,600 | 18,42,000 | 17.131 | 0 |
| bNII (> ₹10L) | 3.41 | 5,18,400 | 17,70,000 | 16.461 | 0 |
| sNII (< ₹10L) | 0.28 | 2,59,200 | 72,000 | 0.670 | 0 |
| Individual Investors | 0.40 | 18,12,000 | 7,32,000 | 6.808 | 0 |
| Total ** | 0.71 | 36,30,000 | 25,74,000 | 23.938 | - |
About the company
Incorporated in June 2014, Core4 Engineers Limited is an Engineering, Procurement, Construction and Commissioning (“EPCC”) company providing integrated infrastructure solutions across railway infrastructure, power transmission and distribution, and water and wastewater treatment. The Company offers end-to-end project execution capabilities covering design, engineering, procurement, construction, installation, testing, commissioning and operations and maintenance.The Company operates through five business segments: railway electrification and infrastructure, Extra High Tension (“EHT”) transmission and distribution systems, water and wastewater treatment EPCC, automation and Supervisory Control and Data Acquisition (“SCADA”) systems, and supply of High-Tension (“HT”) and Low-Tension (“LT”) distribution panels and related services.
Its railway infrastructure activities include overhead electrification, traction substations, station redevelopment, civil works and allied signalling and telecommunication interfaces. In power transmission and distribution, it undertakes turnkey projects involving substations, transmission lines and distribution networks up to 220 kV. Its water and wastewater division provides solutions for water treatment plants, sewage treatment plants and effluent treatment plants, supported by automation and process control systems.
The Company also designs and implements PLC-based automation and SCADA systems for railway, power and water infrastructure projects. Its in-house manufacturing facility produces HT/LT distribution and control panels, including VCB, PCC, MCC, APFC and PLC-based automation panels, as well as compact substations. This manufacturing capability complements its EPCC operations by supporting customization, cost efficiency, quality control and timely project execution. The Company also undertakes subcontracting assignments, providing on-ground execution support for engineering and infrastructure projects.
The Company serves government organizations, public sector undertakings, utilities, infrastructure contractors and private enterprises across India. Its business model combines multidisciplinary project execution, in-house design and engineering capabilities, panel manufacturing and vendor partnerships to deliver integrated infrastructure solutions.
As of June 30, 2026, the Company had a total workforce of 462 personnel, comprising 62 employees on its payroll and 400 floating labourers engaged primarily for project execution.
- Integrated EPCC Capabilities.
- Diversified Business Portfolio.
- Experienced Project Workforce.
- Technical and Execution Capabilities.
- In-House Manufacturing Capabilities.
- Presence Across Key Infrastructure Sectors.
Financials
| Metric | 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 |
Amounts in ₹ Crore (restated)
Key performance indicators
| 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 |
| P/B (x) | 3.69 | 4.43 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
8.36
P/E (x)
11.12
Market Cap at Offer Price
₹137.54 Cr.
Objects of the issue
- 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;
- Funding incremental working capital requirements; and
- General corporate purposes
Intermediaries
Registrar
Purva Sharegistry (India) Pvt.Ltd.
Lead manager(s)
Socradamus Capital Pvt.Ltd.
FAQs
How to apply in Core4 Engineers IPO through Zerodha?+
Zerodha customers can apply online in Core4 Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Core4 Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Core4 Engineers IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' Core4 Engineers IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When Core4 Engineers IPO will open?+
The Core4 Engineers IPO opens on Fri, Oct 23, 2026 and closes on Tue, Oct 27, 2026.
What is the lot size of Core4 Engineers IPO?+
Core4 Engineers IPO lot size is 1200 , and the minimum amount required for application is ₹2,23,200 , with 2 lots being the minimum application size .
How to apply for Core4 Engineers IPO?+
You can apply in Core4 Engineers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is Core4 Engineers IPO allotment?+
The finalization of Basis of Allotment for Core4 Engineers IPO will be done on Wednesday, October 28, 2026 , and the allotted shares will be credited to your demat account by Thu, Oct 29, 2026 . Check the Core4 Engineers IPO allotment status .
When is Core4 Engineers IPO listing date ?+
The Core4 Engineers IPO listing date is not yet announced. The tentative date of listing is Fri, Oct 30, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.