- NEGATIVE
Annual Revenue Core4 Engineers Mar-2025 Annual Revenue is Rs 34 Cr which is growth of -6.3% YoY.
- POSITIVE
Annual Net Profit Core4 Engineers Mar-2025 Annual Net Profit is Rs 4 Cr which is growth of 38.9% YoY.
Core4 Engineers Ltd. IPO Details
Core4 Engineers was incorporated on June 06, 2014. The company is an EPCC player providing integrated infrastructure solutions across railway, power transmission and distribution, and water treatment sectors. Its capabilities span the full project lifecycle, supported by in-house manufacturing and subcontracting services for efficient and cost-effective execution
| Bidding Dates |
|---|
| 23 Oct 2026 - 27 Oct 2026 |
| Subscription |
|---|
| 0.07x Undersubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹211,200 | 2 | 2 | 1200 | 5.9 M | ₹88 - ₹93 | 58.69 % | ₹518.7 M - ₹548.2 M | RHP DOC |
Core4 Engineers IPO SUBSCRIPTION STATUS
23 Oct '26Total0.07x
Retail Individual Investor0.14x
HNI (NII) Investors0.02x
Qualified Institutional Buyers0x
Core4 Engineers IPO overall subscription rate was 0.07 times the total available shares
Core4 Engineers IPO retail subscription rate was 0.14 times in the retail segment
Core4 Engineers IPO non-institutional investor subscription rate was 0.02 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
23 Oct 2026 05:21 PM | 0.14x | 0.02x | 0x |
Core4 Engineers FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY27 | 45.7 | 6.2 | -8.3 | -8.3 | 19.9% |
| FY26 | 91.3 | 12.4 | -10.8 | -10.9 | 20.0% |
| FY25 | 34.2 | 3.8 | -8.6 | -8.6 | 19.6% |
| FY24 | 33.5 | 3.8 | -13.4 | -15.3 | 14.8% |
Core4 Engineers IPO SUBSCRIPTION STATUS DETAILS
Core4 Engineers has 5.9 M shares on offer
Core4 Engineers IPO offer price is in the range ₹88 - ₹93
Core4 Engineers IPO minimum Investment is ₹211200
Core4 Engineers IPO issue size is ₹ 518.7 M - ₹ 548.2 M
Core4 Engineers has a minimum lot size of 1200 Shares per application
Core4 Engineers NUMBER OF SHARES ON OFFER
Total5.9 M
Fresh Issue5.9 M
Offer for Sale0
Post Issue Promoter Holding %58.69 %
Core4 Engineers IPO IMPORTANT DATES
| Issue Open Date | 23 Oct 2026 |
| Issue close Date | 27 Oct 2026 |
| Allotment Date | 28 Oct 2026 |
| Refund Date | 29 Oct 2026 |
| Demat Account Credit Date | 29 Oct 2026 |
| Listing Date | 30 Oct 2026 |
| Listing on Exchange(s) | BSE |
| Core4 Engineers Allotment Status | Exchange/ Registrar |
Core4 Engineers IPO subscription opens on 23 Oct 2026, and closes on 27 Oct 2026
IPO allotment for Core4 Engineers is expected to be finalized on Wednesday, 28 Oct 2026
IPO listing for Core4 Engineers will be on BSE on Friday, 30 Oct 2026
Core4 Engineers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Core4 Engineers Ltd. | 93 | 192.4 | |||||||||||
| Larsen & Toubro Ltd. | 3647 | 513111.5 | 30.9 | 6.8 | 1.8 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 86.4 | 91208.4 | 190.8 | 0.9 | 5.9 | -5.9 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.5 | 203.3 |
| Rail Vikas Nigam Ltd. | 181.3 | 37803.5 | 42 | -1.7 | 1.8 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.3 | -24.5 |
| Kalpataru Projects International Ltd. | 1291.6 | 22057 | 19.4 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 66.5 | 60.9 |
| Cemindia Projects Ltd. | 1149.9 | 21206.8 | 35.3 | 0.8 | 2.1 | 24.9 | 8.4 | 10237.5 | 11.9 | 597.7 | 60.3 | 32.6 | 46.8 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Core4 Engineers annual results: revenue, profit, P&L, and margins as of Mar 2025 – 11 year history
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| Indicator | Graph | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|
| 33.6 | 35.9 | 13.2 | ||
Operating Exp. Ann. | 26.6 | 30.5 | 11.5 | |
Operating Profit Ann. | 6.6 | 5.2 | 1.6 | |
OPM Ann. % | 19.66% | 14.47% | 12.13% | |
| 28.1 | 31.7 | 12 | ||
EBITDA Ann. | 7.1 | 5.4 | 1.7 | |
EBITDA Ann. margin % | 20.95% | 14.93% | 12.59% | |
Interest Ann. | 1.5 | 1.1 | 0.4 | |
Depr. | 0.1 | 0.1 | 0.1 | |
PBT Ann. | 5.5 | 4.2 | 1.2 | |
Tax Ann. | 1.5 | 1.3 | 0.3 | |
| 4.1 | 2.9 | 0.8 | ||
Net Profit Ann. | 4.1 | 2.9 | 0.8 | |
NPM Ann. % | 12.18% | 8.15% | 6.43% | |
EPS Adj. latest Ann. | 2 | 1.4 | 0.4 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
-6.4%
2Y CAGR
59.5%
Net Profit Ann.
1Y CHG
41.4%
2Y CAGR
126.4%
Operating Exp. Ann.
1Y CHG
-12.8%
2Y CAGR
52.1%
Core4 Engineers INFORMATION ON IPO ISSUE
About Core4 Engineers
Core4 Engineers was incorporated on June 06, 2014. The company is an EPCC player providing integrated infrastructure solutions across railway, power transmission and distribution, and water treatment sectors. Its capabilities span the full project lifecycle, supported by in-house manufacturing and subcontracting services for efficient and cost-effective execution
Object of the Issue
- 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
- Funding incremental working capital requirements
- General corporate purposes
Core4 Engineers - PROMOTERS
| Name |
|---|
| Agrahara Chamaraje Gowda Abhinandan |
| Hosahalli Appagigowda Savitha |
| Mahadevappa Tejus |
| Anala |
Core4 Engineers - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Agrahara Chamaraje Gowda Abhinandan | Managing Director |
| Mahadevappa Tejus | Whole Time Director |
| Hosahalli Appagigowda Savitha | Chairman & Executive Director |
| Anala | Non- Executive Director |
| Kikkeri Putte Gowda Jayaramu | Independent Director |
| Mysore Govindaraju Yashwanthkumar | Independent Director |
Core4 Engineers Book Running Lead Manager
Socradamus Capital Private Limited
mb@socradamus.in
Core4 Engineers Registrar to the Offer
Purva Sharegistry (India) Private Limited
newissue@purvashare.com
Core4 Engineers Strengths
Multi-disciplinary execution capability
The company operates across multiple infrastructure segments, including railway electrification, power transmission, water treatment, and automation, positioning it as a comprehensive engineering solutions provider. Its diversified capabilities enable execution of large-scale, complex projects across electrical, civil, mechanical, and automation domains
Strength
In-house panel manufacturing
The company’s in-house manufacturing facility for HT and LT electrical panels in Karnataka supports cost efficiency, quality control, and timely project execution. This integrated setup reduces reliance on external vendors, enhances margin control, and aligns manufacturing closely with EPC project requirements
Strength
In-house testing & quality assurance
The company conducts comprehensive testing for all products, adhering to stringent safety and performance standards, including all prescribed CPRI-approved tests. This focus on quality ensures compliance with statutory norms and internal benchmarks that often exceed industry standards
Strength
Core4 Engineers Risks
Project expansion delays
The company’s EPC projects are subject to strict timelines but may face delays due to factors such as design complexities, approvals, supply chain issues, or external disruptions. Such uncertainties beyond its control may impact project execution and timelines
Risk
Competition
The company operates in a highly competitive industry with pressure from established players and new entrants across public and private sectors. Failure to compete effectively and secure project bids may adversely impact its business growth and operations
Risk
Working capital intensive
The company has high working capital requirements driven by project execution needs, including cash flows and bank guarantees for contracts. Any shortfall or variation in funding requirements may adversely impact operations and financial performance
Risk
IPO FAQs
The promoters of the company are Agrahara Chamaraje Gowda Abhinandan, Hosahalli Appagigowda Savitha, Mahadevappa Tejus and Anala.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 88.0 - 93.0.
The IPO application opens on Oct 23, 2026 and closes on Oct 27, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 211,200.0, the maximum value for this IPO is Rs 223,200.0.
This IPO will be allotted on Oct 28, 2026.
The refund will be credited to your account on Oct 29, 2026.
The allotted shares will be credited to your demat on Oct 29, 2026.
Core4 Engineers Ltd.’s shares will list on the stock exchanges on Oct 30, 2026.