IPO profile
Core4 Engineers Limited
CORE4 · BSE
- Price band
- ₹88 - ₹93
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 1200 shares
- Minimum Application
- ₹1,11,600
- Issue Size
- Rs. 55 Cr
- Face Value
- Not available
Company Overview
Core4 Engineers is an engineering, procurement, and construction company providing solutions across the power distribution, water and wastewater, automation, and utility infrastructure sectors. The company’s core business activities involve executing projects that include railway electrification, civil works, high-tension and low-tension electrical systems, and the design, supply, testing, and commissioning of water and wastewater treatment plants. It is also engaged in power transmission and distribution projects, as well as the supply of electrical panels, compact substations, and SCADA automation systems. Revenue is primarily generated through milestone-based billing on these contracts, which are executed for private-sector clients, government agencies, and public sector undertakings. The company operates a manufacturing facility and frequently executes specialized projects through joint ventures and sub-contracting arrangements, with a significant geographic concentration of its current operations located in Karnataka.
Important Dates
- Open Date
- 23 Oct 2026
- Close Date
- 27 Oct 2026
- Allotment Date
- Not available
- Listing Date
- 30 Oct 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Grey Market Premium (GMP)
No GMP has been reported for this IPO. Estimates are not shown rather than assuming a GMP of zero.
Grey Market Premium (GMP) is unofficial and indicative. Actual listing price may differ.
Indicative Listing Estimate
Estimated listing figures need a GMP value, which is currently unavailable.
Subscription
Subscription data not available yet.
Company Strengths & Risks
Reported strengths
- Proven track record in power and water EPC projects.
- Strong expertise in complex railway electrification works.
- Strategic expansion into high-growth water treatment contracts.
- In-house electrical panel manufacturing ensures seamless integration.
- Led by a highly experienced promoter and management team.
Key risks
- Over 95% revenue concentration in Karnataka poses regional risks.
- High financial reliance on a limited number of key customers.
- Overdependence on the water and wastewater treatment segment.
- Reliance on third-party subcontractors creates execution risks.
- High working capital requirements may strain liquidity and cash flows.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 8:02 pm IST
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.