What is the GMP of Core4 Engineers IPO today?

The Grey Market Premium (GMP) for Core4 Engineers IPO is currently ₹0. With an upper price band of ₹93, the estimated listing price is ₹93 per share, reflecting an expected listing gain of ~0%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Core4 Engineers IPO?

The price band for Core4 Engineers IPO is ₹88 to ₹93 per equity share. The minimum lot size is 1200 shares, which requires a minimum retail application investment of ₹1,11,600.

What are the important dates for Core4 Engineers IPO?

Core4 Engineers IPO opens for subscription on 2026-10-23T00:00:00 and closes on 2026-10-27T00:00:00. The basis of allotment is scheduled for 2026-10-28T00:00:00, and shares are expected to list on 2026-10-30T00:00:00 on BSE, NSE.

How can I check the allotment status for Core4 Engineers IPO?

You can check Core4 Engineers IPO allotment status on the registrar's official portal (Purva Sharegistry India Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Core4 Engineers IPO?

Investors can apply for Core4 Engineers IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Core4 Engineers IPO open and close?

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

What is Core4 Engineers IPO price band?

The issue price band is ₹88.00 to ₹93.00 per equity share.

What is the Core4 Engineers IPO lot size?

The minimum lot size is 1200 shares per application.

What is the Core4 Engineers IPO allotment date?

The allotment is scheduled on 28 Oct 2026.

Core4 Engineers IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

55.00 Cr

Price Band

₹88.00 - ₹93.00

Lot Size

1200 Shares

Min Investment

₹2,23,200

GMP

₹0

Subscription

5.44x

₹183.50 Cr

23 Oct 2026

IPO Opens

COMPLETED

27 Oct 2026

IPO Closes

COMPLETED

28 Oct 2026

Basis of Allotment

COMPLETED

29 Oct 2026

Refunds

COMPLETED

29 Oct 2026

Demat Credit

COMPLETED

30 Oct 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

23 Oct 2026

IPO ClosesDONE

27 Oct 2026

Basis of AllotmentDONE

28 Oct 2026

RefundsDONE

29 Oct 2026

Demat CreditDONE

29 Oct 2026

ListingDONE

30 Oct 2026

About Core4 Engineers IPO

Core4 Engineers IPO open date is October 23, 2026 and the IPO will close on October 27, 2026. Core4 Engineers IPO is a Bookbuilding Issue. The company to raise around ₹54.82 crores via IPO that comprises fresh issue of ₹54.82 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Core4 Engineers IPO price band is ₹88 to ₹93 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Core4 Engineers IPO to list on BSE SME on October 30, 2026. The allotment of Core4 Engineers IPO date is October 28, 2026.

The company reported revenue of ₹34.60 crores in 2025 against ₹33.63 crores in 2024. The company reported profit of ₹3.81 crores in 2025 against profit of ₹2.89 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Core4 Engineers IPO Details and Specifications
IPO Date	23 Oct 2026 to 27 Oct 2026
Face Value	₹10 Per Share
Price Band	₹88.00 - ₹93.00
Lot Size	1200 Shares
Total Issue Size	Approx 55.00 Cr 58,94,400 Equity Shares
Fresh Issue	Approx 48.00 Cr 51,74,400 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35.02%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	30 Oct 2026
Listing At	BSE
Total Subscription Amount	₹183.50 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	25,84,800	49.95%
- Anchor	15,44,400	0.00%
- QIB (Ex. Anchor)	10,40,400	0.00%
NII	7,77,600	15.03%
- bNII > ₹10L	5,18,400	0.00%
- sNII < ₹10L	2,59,200	0.00%
Retail	18,12,000	35.02%
Market Maker	7,20,000	0.00%
Total	58,94,400	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	2,400	₹2,23,200
Individual investors (Retail) (Max)	2	2,400	₹2,23,200
S-HNI (Min)	3	3,600	₹3,34,800
S-HNI (Max)	8	9,600	₹8,92,800
B-HNI (Min)	9	10,800	₹10,04,400

About Company

Founded in 2022, Core4 Engineers is an EPCC company that offers integrated infrastructure solutions for railway infrastructure, power transmission & distribution, and water & wastewater treatment sectors. The company undertakes end-to-end project execution, from design, engineering, procurement, erection, testing, commissioning, and operation & maintenance (O&M).

Its business verticals include railway electrification, railway infrastructure, power transmission and distribution, water and wastewater treatment, automation and SCADA systems, and HT/LT electrical panel manufacturing. The company undertakes infrastructure projects for Indian Railways, government-owned companies (PSUs), and other infrastructure contractors. Core4 Engineers operates its own in-house manufacturing facility for High-Tension (HT) and Low-Tension (LT) electrical panels and compact substations.

Contact Details

Mathrushree No. 12,

1st Floor, Near Ramana Maharshi Gyana Kendra,

Next to New court, K Block, Kuvempunagar

Mysuru, Karnataka, 570023

0821 4507882

investor@core4grp.com

Visit Website

Registrar

Purva Sharegistry India Pvt Ltd

91-022-23018261

newissue@purvashare.com

Lead Managers

Socradamus Capital Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
31-Oct-2026 12:15 PM	+₹0	₹93	+0.00%	₹0
28-Oct-2026 09:58 PM	+₹0	₹93	+0.00%	₹0
27-Oct-2026 09:58 PM	+₹0	₹93	+0.00%	₹0
26-Oct-2026 06:00 PM	+₹0	₹93	+0.00%	₹0
25-Oct-2026 06:00 PM	+₹0	₹93	+0.00%	₹0
24-Oct-2026 06:00 PM	+₹0	₹93	+0.00%	₹0
23-Oct-2026 06:00 PM	+₹0	₹93	+0.00%	₹0
22-Oct-2026 02:10 PM	+₹0	₹93	+0.00%	₹0
21-Oct-2026 02:10 PM	+₹0	₹93	+0.00%	₹0
20-Oct-2026 02:10 PM	+₹0	₹93	+0.00%	₹0
19-Oct-2026 02:10 PM	+₹0	₹93	+0.00%	₹0
18-Oct-2026 02:10 PM	+₹0	₹93	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	5.06x	10,40,400	52,64,400	₹48.96 Cr
NII	12.26x	7,77,600	95,30,399	₹88.63 Cr
bNII > ₹10L	16.12x	5,18,400	83,57,999	₹77.73 Cr
sNII < ₹10L	4.52x	2,59,200	11,72,400	₹10.90 Cr
Retail	2.72x	18,12,000	49,36,800	₹45.91 Cr
Total	5.44x	36,30,000	1,97,31,599	₹183.50 Cr

Objects of the Issue

01 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
02 Funding incremental working capital requirements; and : 32.68 Cr
03 General Corporate Purpose : 7.99 Cr
04 Issue related Expenses : 2.23 Cr

Company Financials

Period Ended	30 JUN 2026	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	45.77	91.79	34.60	33.63
Profit After Tax	6.17	12.37	3.81	2.89
EBITDA	9.08	18.30	6.71	4.96
NET Worth	37.23	31.07	18.70	6.43
Reserves and Surplus	22.44	16.28	15.74	3.63
Total Borrowing	40.57	31.58	18.58	16.75

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	37.78%
Debt/Equity Ratio	1.02
Return on Net Worth (RoNW)	39.81%
PAT Margin	13.54%
EBITDA Margin	20.04%
Net Asset Value (NAV)	₹21.01
Earning Per Share (EPS)	₹8.36
Price/Earning P/E Ratio	11.12x

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
K2 Infragen Limited	9.16	4.95	60.50	15.12	-

IPO Anchor Investors

Anchor Investors Letter (PDF)

Promoters and Holding Pattern

Agrahara Chamaraje Gowda Abhinandan, Hosahalli Appagigowda Savitha and Mahadevappa Tejus and Anala is the company's promoter of Core4 Engineers.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	82.09%	58.69%
Others*	17.91%	41.31%

Strengths

The firm can work across different locations and handle diverse types of projects across critical infrastructure sectors.
The company manufactures its products through its in-house manufacturing facility in Karnataka, allowing it to reduce dependency on external vendors and manage material and labour costs more effectively.
Core4 Engineers has its own in-house testing and QA team to ensure zero-defect manufacturing and continuous quality enhancement.
It is backed by a qualified in-house execution team and experienced promoters who have eleven years of experience in EPC, railway infrastructure, SCADA/automation, transmission and distribution, and utility projects.

Risks

In FY26, about 67.66% of the company’s revenue comes from the private-sector customers. Any decline in sales from these customers, or any delay in payment from these customers, can adversely affect the overall business and financial condition.
About 85.65% of its projects are derived from Karnataka in FY26, which puts it at risk of concentration, regulatory uncertainties, and potential adverse regional developments.
In FY26, around 67.65% of its service revenue comes from water and wastewater treatment projects. Any slowdown, shutdown, or interruption in this sector can negatively impact the overall business, cash flow, and financial condition.

Frequently Asked Questions (FAQ)

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About Core4 Engineers IPO

IPO Details

Core4 Engineers IPO Details and Specifications
IPO Date	23 Oct 2026 to 27 Oct 2026
Face Value	₹10 Per Share
Price Band	₹88.00 - ₹93.00
Lot Size	1200 Shares
Total Issue Size	Approx 55.00 Cr 58,94,400 Equity Shares
Fresh Issue	Approx 48.00 Cr 51,74,400 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35.02%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	30 Oct 2026
Listing At	BSE
Total Subscription Amount	₹183.50 Cr

Investor Category

Shares Offered

% Net Issue

QIB

25,84,800

49.95%

- Anchor

15,44,400

0.00%

- QIB (Ex. Anchor)

10,40,400

0.00%

NII

7,77,600

15.03%

- bNII > ₹10L

5,18,400

0.00%

- sNII < ₹10L

2,59,200

0.00%

Retail

18,12,000

35.02%

Market Maker

7,20,000

0.00%

Total

58,94,400

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

2,400

₹2,23,200

Individual investors (Retail) (Max)

2,400

₹2,23,200

S-HNI (Min)

3,600

₹3,34,800

S-HNI (Max)

9,600

₹8,92,800

B-HNI (Min)

10,800

₹10,04,400

About Company

Contact Details

Mathrushree No. 12,

1st Floor, Near Ramana Maharshi Gyana Kendra,

Next to New court, K Block, Kuvempunagar

Mysuru, Karnataka, 570023

0821 4507882

investor@core4grp.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

31-Oct-2026 12:15 PM

+₹0

₹93

+0.00%

₹0

28-Oct-2026 09:58 PM

+₹0

₹93

+0.00%

₹0

27-Oct-2026 09:58 PM

+₹0

₹93

+0.00%

₹0

26-Oct-2026 06:00 PM

+₹0

₹93

+0.00%

₹0

25-Oct-2026 06:00 PM

+₹0

₹93

+0.00%

₹0

24-Oct-2026 06:00 PM

+₹0

₹93

+0.00%

₹0

23-Oct-2026 06:00 PM

+₹0

₹93

+0.00%

₹0

22-Oct-2026 02:10 PM

+₹0

₹93

+0.00%

₹0

21-Oct-2026 02:10 PM

+₹0

₹93

+0.00%

₹0

20-Oct-2026 02:10 PM

+₹0

₹93

+0.00%

₹0

19-Oct-2026 02:10 PM

+₹0

₹93

+0.00%

₹0

18-Oct-2026 02:10 PM

+₹0

₹93

+0.00%

₹0

Core4 Engineers IPO Details

About Core4 Engineers IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Core4 Engineers IPO open and close?

What is Core4 Engineers IPO price band?

What is the Core4 Engineers IPO lot size?

What is the Core4 Engineers IPO allotment date?

What is the Core4 Engineers IPO listing date?

What is the minimum investment required in Core4 Engineers IPO?

Join the discussion

Core4 Engineers IPO Details

About Core4 Engineers IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Core4 Engineers IPO open and close?

What is Core4 Engineers IPO price band?

What is the Core4 Engineers IPO lot size?

What is the Core4 Engineers IPO allotment date?

What is the Core4 Engineers IPO listing date?

What is the minimum investment required in Core4 Engineers IPO?

Join the discussion