Core4 Engineers SME IPO
UpcomingBSE SMEOpens 23 October 2026Closes 27 October 2026
Founded as a partnership in 2014 and converted to a company in 2022, Core4 Engineers Limited is an Engineering, Procurement, Construction, and Commissioning (EPCC) company. It specializes in integrated infrastructure…
Founded as a partnership in 2014 and converted to a company in 2022, Core4 Engineers Limited is an Engineering, Procurement, Construction, and Commissioning (EPCC) company. It specializes in integrated infrastructure development across railway electrification, power transmission and distribution, and water/wastewater management. The company manages the entire project lifecycle—from planning and design to testing and O&M. Additionally, Core4 Engineers manufactures High-Tension (HT) and Low-Tension (LT) electrical panels and compact substations in-house to support its infrastructure projects and third-party customers.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
23 Oct 2026
IPO Closes
27 Oct 2026
Allotment
28 Oct 2026
Listing
30 Oct 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 23 October 2026 |
| IPO Close Date | 27 October 2026 |
| Allotment Date | 28 October 2026 |
| Listing Date | 30 October 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,23,200 |
SHNI (Min) | 3 | ₹3,34,800 |
SHNI (Max) | 8 | ₹8,92,800 |
BHNIAbove ₹10,00,000 | 9 | ₹10,04,400 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- 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 Crore).
- Funding incremental working capital requirements (₹40.48 Crore).
- General corporate purposes.
Strengths
- Wide operational reach and multi-disciplinary execution capability in specialized areas like railway electrification, water/wastewater systems, and high-tension transmission.
- Cost efficiency, seamless integration, and strict quality control due to an in-house manufacturing facility for electrical panels and compact substations.
- Experienced execution team guided by veteran promoters with a long track record serving state utilities, the Indian Railways, and major EPC contractors.
Weaknesses
- High geographical concentration risk, with approximately 85.65% of operating revenue in FY26 originating from projects within Karnataka.
- A substantial portion of revenue is heavily dependent on government and public-sector tenders, which can face bureaucratic delays, budget cuts, and elongated payment cycles.
- Significant continuous working capital requirements leading to high reliance on short-term borrowings and extended trade receivable cycles.
Financial Performance
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 145.43 | 116.32 | 67.12 | 31.97 |
| Revenue (₹ Cr.) | 45.77 | 91.79 | 34.6 | 33.63 |
| PAT (₹ Cr.) | 6.17 | 12.37 | 3.81 | 2.89 |
| Net Worth (₹ Cr.) | 37.23 | 31.07 | 18.7 | 6.43 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Core4 Engineers | 4.43 | 15.55 | 39.81% | 31.07 |
| K2 Infragen Ltd. | 0.54 | 3.64 | 14.85% | 89.65 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- Core4 Engineers Limited
- Mathrushree No. 12, 1st Floor, Near Ramana Maharshi Gyana Kendra, Next to New court, K Block, Kuvempunagar, Mysore 570 023, Karnataka, India
- +91 0821 4507882
- investor@core4grp.com
- https://core4engineers.com
Registrar Details
- Purva Sharegistry (India) Private Limited
- +91 22 4961 4132
- newissue@purvashare.com
- https://www.purvashare.com
Frequently Asked Questions
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What is the total issue size of the Core4 Engineers SME IPO?
What is the price band and the minimum investment required for retail investors?
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What are the financial highlights of Core4 Engineers for FY26?
Core4 Engineers SME IPO News & Updates
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Core4 Engineers SME IPO Details
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Sources
We match Core4 Engineers SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Purva Sharegistry (India) Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.