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Core4 Engineers Ltd IPO

Core4 Engineers Ltd IPO

We are an Engineering, Procurement, Construction and Commissioning (EPCC) company engaged in providing integrated infrastructure solutions across multiple domains, with a primary focus on the railway infrastructure, power transmission & distribution, and water & wastewater treatment sectors. Our expertise spans the entire project lifecycle design, engineering, procurement, erection, testing, commissioning, and operation & maintenance (O&M). We also operate an in-house manufacturing facility for High-Tension (HT) and Low-Tension (LT) electrical panels and compact substations, enabling us to offer customized, reliable, and cost-efficient products that complement our EPCC activities. We also undertake sub-contracting assignments, providing on-ground execution support for a wide range of engineering projects.

Core4 Engineers Ltd IPO Details

Total Shares Offered

₹ 58,94,400

Offer to Public

TBA

Retail Max (Shares)

₹ 18,11,040

Pre Issue Promoters Holding

₹ 1,21,40,000

Exchange

BSE

Issue size

₹ 54.82 Cr

IPO Open Date

Oct 23, 2026

Close Date

Oct 27, 2026

Lot Size

2400

Min Investment

₹ 2,11,200

Issue Type

Book Building - SME

Listing Date

Oct 30, 2026

Core4 Engineers Ltd IPO Dates

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Oct 23, 2026
Opening date
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Oct 27, 2026
Closing date
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Oct 28, 2026
Basis of Allotment
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Oct 29, 2026
Initiation of Refunds
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Oct 29, 2026
Credit of Shares
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Oct 30, 2026
Listing date

Details

SectorType
SectorEngineering - Turnkey Services
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB
NII
Retail
Employee
Total

Core4 Engineers Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations15.1534.1633.45
EBITDA15.215.614.34
PAT11.154.052.91
Total Assets102.2360.8825.55
Share Capital14.792.962.80
Total Borrowings33.2120.4218.86
Operating Activities (Net Cash)11.214.102.98
Investing Activities (Net Cash)0.100.000.00
Financing Activities (Net Cash)33.2120.4218.86
Net Cashflow6.666.073.58

About Core4 Engineers Ltd

Our Company was originally formed as a partnership firm under the name and style Core4 Engineers in Mysore, Karnataka, under the provisions of the Indian Partnership Act, 1932, pursuant to a partnership deed dated June 06, 2014, as amended from time to time and was registered with the Registrar of Firms, Mysore, on July 11, 2014. Subsequently, the partnership firm was converted into a private limited company Core4 Engineers Private Limited on February 03, 2022 pursuant to the provisions of Chapter XXI of the Companies Act, 2013 and fresh a Certificate of Incorporation dated February 03, 2022 was issued by the Registrar of Companies, Central Registration Centre. Thereafter, our company was converted from a private limited company to a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of our shareholders held on February 27, 2025 and the name of our Company was changed to Core4 Engineers Limited with a fresh certificate of incorporation dated April 23, 2025, issued to our Company by the Assistant Registrar of Companies/Deputy Registrar of Companies/ Registrar of Companies, Central Processing Centre.

We are an Engineering, Procurement, Construction and Commissioning (EPCC) company engaged in providing integrated infrastructure solutions across multiple domains, with a primary focus on the railway infrastructure, power transmission & distribution, and water & wastewater treatment sectors. Our expertise spans the entire project lifecycle design, engineering, procurement, erection, testing, commissioning, and operation & maintenance (O&M). We also operate an in-house manufacturing facility for High-Tension (HT) and Low-Tension (LT) electrical panels and compact substations, enabling us to offer customized, reliable, and cost-efficient products that complement our EPCC activities. We also undertake sub-contracting assignments, providing on-ground execution support for a wide range of engineering projects.

Peer Comparison:

  • K2 Infragen Limited

Core4 Engineers Ltd Key Points

Strengths

Wide operational reach and multi-disciplinary execution capability.

Cost efficiency through in-house panel manufacturing.

In-house testing and quality assurance.

Innovation and adoption of advanced technologies

Experienced and qualified in-house execution team backed by promoters and senior management expertise.

Risk

A majority of our revenue from operations comes from private-sector customers, accounting for 88.59%, 67.66%, 43.57% and 30.34% of our revenue from operations for the period ended June 30, 2026, Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Any slowdown in private-sector capital spending, or any delay or default in payment by these customers, could adversely affect our business, cash flows and results of operations.

We derive a portion of our revenues from projects awarded by government and government-owned customers, accounting for 11.41%, 32.34%, 56.43% and 69.66% of our revenue from operations during the period June 30, 2026, Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively, which subjects us to various risks.

Our projects are primarily concentrated in Karnataka, accounting for 95.01%, 85.65%, 43.17% and 40.06% of our revenue from operations during the period ended June 30, 2026, Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively, which exposes us to concentration risks, regulatory uncertainties, and potential adverse regional developments.

Strategy

Expansion in Railway Infrastructure, Electrification, and SCADA Automation.

Strengthening the Extra High Tension (EHT) Transmission & Distribution Portfolio.

Diversification into Water and Wastewater Treatment EPCC.

Scaling In-House Manufacturing Capabilities.

Public-Private Partnership (PPP) and Asset-Based Infrastructure Development.

How To Apply for Core4 Engineers Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Core4 Engineers Ltd IPO?

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Core4 Engineers Ltd's IPO offers shares for up to 54.82 It begins on Oct 23, 2026 and ends on Oct 27, 2026.

What is the price of the Core4 Engineers Ltd IPO?

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The price of Core4 Engineers Ltd IPO ranges between ₹88 to ₹93 per share.

What are the open and close dates for the Core4 Engineers Ltd IPO?

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The Core4 Engineers Ltd IPO opens on Oct 23, 2026 and closes on Oct 27, 2026.

When will the Core4 Engineers Ltd IPO be allotted?

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The allotment for the Core4 Engineers Ltd IPO will be finalised on Oct 28, 2026. The shares will be listed on BSE and NSE on Oct 30, 2026.

What is the minimum lot size required for Core4 Engineers Ltd IPO?

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The minimum lot size for Core4 Engineers Ltd IPO is 2400 shares, priced between ₹88 to ₹93 per share.

What is the GMP of Core4 Engineers Ltd IPO?

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The GMP (Grey Market Premium) of Core4 Engineers Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Core4 Engineers Ltd IPO?

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To check the allotment status of Core4 Engineers Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Core4 Engineers Ltd IPO getting listed?

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The Core4 Engineers Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 23, 2026, and closes on Oct 27, 2026. The allotment is finalised on Oct 28, 2026.

How do you apply for the Core4 Engineers Ltd IPO?

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To apply for the Core4 Engineers Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.