Core4 Engineers

Core4 Engineers

LIVE

IPO Date: 23 Oct - 27 Oct 2026

Listing Date: 30 Oct 2026

Price Range

₹88 to ₹93

Issue Size

55 Cr

Min Investment

₹2,11,200

2 lots minimum (SEBI rule for SME)

Min Application

2400 Shares

1200 per lot × 2

View IPO Document

Schedule of Core4 Engineers

  1. Issue open date

    23 Oct 2026

  2. Issue close date

    27 Oct 2026

  3. UPI mandate deadline

    27 Oct 2026 (5 PM)

  4. Allotment finalization

    28 Oct 2026

  5. Share credit

    29 Oct 2026

  6. Listing date

    30 Oct 2026

  7. Mandate end date

    11 Nov 2026

Issue size

Funds Raised in the IPOAmount
Overall55 Cr
Fresh Issue58.94 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date28 Oct 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
22 Oct 2026Latest₹93₹0₹93(0%)
21 Oct 2026₹93₹0₹93(0%)
20 Oct 2026₹93₹0₹93(0%)

Performance Core4 Engineers

Issue PriceListing GainCurrent Market PriceP/L
₹88 to ₹93............

About Core4 Engineers

Core4 Engineers Limited is a Karnataka-based engineering, procurement, construction, and commissioning (EPCC) company established in 2014. It provides infrastructure solutions across railway electrification, power transmission and distribution, water and wastewater treatment, electrical panels, compact substations, and SCADA automation systems. The company undertakes projects for private-sector customers, government agencies, and public-sector undertakings, earning revenue primarily through engineering contracts and project execution. It also manufactures electrical panels and related equipment at its facility in Mysuru, Karnataka. Although it has undertaken projects in multiple states, a substantial portion of its revenue comes from Karnataka.

Founded in2014
Managing directorAgrahara Chamaraje Gowda Abhinandan
Parent organization

Financial Overview

Strengths

5
  1. 1

    Diversified infrastructure services. Core4 operates across railway electrification, power transmission and distribution, water treatment, wastewater management, and automation. This provides access to several infrastructure markets.

  2. 2

    In-house manufacturing capabilities. The company manufactures electrical panels and compact substations, which can improve integration between its equipment supply and project execution activities.

  3. 3

    Experience in railway and power projects. Its experience in railway electrification, electrical distribution, and SCADA systems may help it compete for specialised infrastructure contracts.

  4. 4

    Growing project opportunities. Investment in railway infrastructure, water treatment, wastewater management, and power distribution could create opportunities for future contract growth.

  5. 5

    Integrated project execution. The company provides services across engineering, procurement, installation, testing, and commissioning, allowing it to manage multiple stages of infrastructure projects.

Risks

5
  1. 1

    Geographic concentration. Karnataka accounted for approximately 85.65% of revenue in FY2026, according to the company's IPO-related disclosures. Dependence on one state exposes the company to regional budget changes, delays, and changes in project demand.

  2. 2

    Customer and contract concentration. A significant portion of revenue comes from a limited number of customers. Losing a major customer or experiencing delays in contract awards could affect revenue and cash flow.

  3. 3

    Working-capital requirements. EPC projects often require the company to pay suppliers, contractors, and employees before receiving milestone payments from customers. Delayed payments can create cash-flow pressure. The company has also reported negative operating cash flow in FY2024 and FY2025.

  4. 4

    Dependence on subcontractors. Using subcontractors and joint-venture arrangements can expose the company to project delays, quality issues, higher costs, and coordination difficulties.

  5. 5

    Project execution and cancellation risk. Infrastructure projects may face delays, cost overruns, changes in scope, or cancellation. Such developments can reduce expected revenue and affect profitability.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)N/A
Non-Institutional Investors (NIIs)N/A
Retail Individual Investors (RIIs)N/A
EmployeeN/A
TotalN/A