CE
Core4 Engineers Limited IPO
Engineering, Procurement & Construction · Railway & Power Infrastructure · Mysuru, Karnataka
📋 BSE SME IPO
Fresh Issue Only
BSE SME
₹93
Upper Price
₹54.82 Cr
Issue Size
Oct 30, 2026
Listing Date
₹192.35 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Friday, 23 October 2026
Bidding starts — apply before close
🔒
IPO Closes
Tuesday, 27 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Wednesday, 28 October 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Thursday, 29 October 2026
Unallotted funds returned; shares credited to demat
🏷️
Friday, 30 October 2026
Trading begins on BSE SME from 10:00 AM IST
📋 IPO Details
IPO Open Date23 October 2026 (Fri)
IPO Close Date27 October 2026 (Tue)
Listing Date30 October 2026 (Fri)
Face Value₹10 per share
Price Band₹88 to ₹93
Issue Price (Upper Band)₹93 per share
Issue TypeBook Build — Fresh Issue Only
Lot Size1,200 shares (Min App: 2 Lots / 2,400 Shares)
Total Issue Size58,94,400 shares (₹54.82 Cr)
Fresh Issue58,94,400 shares (₹54.82 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Market Maker Portion7,20,000 shares (₹6.70 Cr)
Net Offered to Public51,74,400 shares (₹48.12 Cr)
Pre-Issue Shares1,47,88,845
Post-Issue Shares2,06,83,245
Promoter Holding (Pre → Post)82.09% → 58.69%
Market Cap (Pre-IPO)₹137.54 Cr
Listing ExchangeBSE SME
Lead ManagerSocradamus Capital Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹93| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 2 | 2,400 | ₹2,23,200 |
| Retail — Maximum | 2 | 2,400 | ₹2,23,200 |
| S-HNI (sNII) — Min | 3 | 3,600 | ₹3,34,800 |
| S-HNI (sNII) — Max | 8 | 9,600 | ₹8,92,800 |
| B-HNI (bNII) — Min | 9 | 10,800 | ₹10,04,400 |
⚠️ Note: Investors can bid for a minimum of 2,400 shares (2 lots) and in multiples of 1,200 shares thereafter. Market Maker reservation comprises 7,20,000 shares.
👥 Investor Reservation
Allocated portion of Net OfferMax 50%
QIB Portion
Min 35%
Retail Portion
Min 15%
NII Portion
📊 Subscription Status
Loading…
📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 77.35 | 68.10 | 31.99 |
| Total Income | 47.31 | 34.60 | 33.63 |
| PAT | 6.05 | 3.81 | 2.89 |
| EBITDA | 8.81 | 6.82 | 5.07 |
| Net Worth | 24.75 | 18.70 | 6.43 |
| Reserves & Surplus | 21.80 | 15.74 | 3.63 |
| Total Borrowing | 22.07 | 18.58 | 16.75 |
Income Growth
FY 2023–24₹33.63 Cr
FY 2024–25₹34.60 Cr
H1 FY 2025–26₹47.31 Cr
🎯 Key Performance Indicators
30.31%
ROE (Mar 25)
55.73% (Sep 25)
0.99
Debt/Equity (Mar 25)
0.89 (Sep 25)
23.98%
ROCE (Mar 25)
43.17% (Sep 25)
11.15%
PAT Margin (Mar 25)
12.86% (Sep 25)
19.98%
EBITDA Margin (Mar 25)
18.73% (Sep 25)
20.37%
RoNW (Mar 25)
24.46% (Sep 25)
7.31x
Price/Book
Sep 30, 2025
₹12.72
NAV (Mar 25)
₹16.74 (Sep 25)
⚖️ Valuation & EPS
Pre-IPO EPS
₹2.58
FY25 earnings + pre-issue shares
P/E: 36.05xPost-IPO EPS
₹5.85
Annualised post-issue basis
P/E: 15.90xPrice to Book Value
7.31x
At upper price band ₹93
Market Cap (Pre-IPO)
₹137.54 Cr
At issue price ₹93
ℹ️
Pre-IPO EPS (₹2.58) is derived from pre-issue equity of 1,47,88,845 shares and FY25 PAT. Post-IPO EPS (₹5.85) utilizes annualized H1 FY26 earnings applied to the expanded post-issue base of 2,06,83,245 shares. The Post-IPO Market Cap will increase to ₹192.35 Cr at the upper issue price of ₹93.
🎯 Objects of the Issue
Net proceeds utilisation1
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 Cr
2
Funding incremental working capital requirements
₹32.68 Cr
3
General corporate purposes
Balance
Total Fresh Issue Goal
₹54.82 Cr
🏢 About Core4 Engineers Ltd.
Est. 2022 · Mysuru, Karnataka · Railway & Power Infrastructure EPCC SolutionsCore4 Engineers Limited, incorporated in 2022, is an integrated Engineering, Procurement, Construction, and Commissioning (EPCC) enterprise delivering extensive infrastructure solutions. The company executes end-to-end turnkey projects across specialized sectors including railway infrastructure modernization, Extra High Tension (EHT) power transmission and distribution, and municipal/industrial water and wastewater treatment systems.
The business maintains a robust execution framework spanning initial design and engineering through to procurement, erection, testing, commissioning, and long-term Operations and Maintenance (O&M). Core4 actively undertakes vital public infrastructure assignments for Indian Railways, various public sector undertakings (PSUs), and primary infrastructure contractors. In addition to its EPCC services, the company operates an in-house manufacturing facility producing High-Tension (HT) and Low-Tension (LT) electrical panels and compact substations. This manufacturing capability is further augmented by its subsidiary, Core4 Energy Ltd., which generates product-based revenues via electrical distribution and control panel supplies, supporting internal projects and third-party clientele alike. As of September 30, 2025, the organization operated with a mobilized workforce of 433 personnel.
Brand Ecosystem
🚄
Railway Infrastructure
Execution of 25 kV OHE systems, traction substations, and comprehensive station redevelopment civil works.
⚡
EHT Power Transmission
Turnkey execution of transmission lines up to 220 kV, distribution grids, and substation development.
💧
Water Treatment Systems
EPCC solutions for advanced WTP, STP, and ETP environmental projects utilizing MBBR and SBR technologies.
⚙️
In-House Manufacturing
Producing HT/LT electrical distribution panels, compact substations, and PLC-based SCADA automation systems.
Competitive Strengths
🏆Comprehensive EPCC capabilities spanning critical railway, power transmission, and water utility sectors.
🏭Integrated in-house panel manufacturing supporting superior cost efficiency, schedule control, and quality assurance.
🤝Established relationships with prominent government entities including Indian Railways and regional PSUs.
📈Robust financial returns, marked by a stellar 55.73% ROE and 43.17% ROCE logged for H1 FY26.
Company Promoters
AA
Agrahara Chamaraje Gowda Abhinandan & Hosahalli Appagigowda Savitha
Promoters, Core4 Engineers Ltd.
MT
Mahadevappa Tejus & Anala
Promoters, Core4 Engineers Ltd.
📅 Key Dates
IPO Opens23 Oct 2026
IPO Closes27 Oct 2026
Allotment28 Oct 2026
Refund & Share Credit29 Oct 2026
Listing Day30 Oct 2026
💡 Quick Summary
Price Band₹88 – ₹93
Upper Price₹93 / share
Lot Size1,200 shares
Min. Investment (Retail)₹2,23,200 (2 Lots)
Issue Size₹54.82 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Lead Manager
Socradamus Capital Pvt.Ltd.
📍 Registered Address
Core4 Engineers Ltd.
Mathrushree No. 12, 1st Floor, Near Ramana Maharshi
Gyana Kendra, Next to New court, K Block,
Kuvempunagar, Mysuru, Karnataka — 570023
📞 0821 4507882
[email protected]
Mathrushree No. 12, 1st Floor, Near Ramana Maharshi
Gyana Kendra, Next to New court, K Block,
Kuvempunagar, Mysuru, Karnataka — 570023
📞 0821 4507882
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/DRHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Core4 Engineers IPO DRHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
Track Core4 Engineers IPO 2026: Price Band, Dates, GMP, Lot Size & Review GMP
Check real-time grey market premium, daily GMP history & estimated listing price.
Check GMP →