GMP IPO Watch
Core4 Engineers IPO
Core4 Engineers IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Core4 Engineers IPO Details
Key facts at a glance| IPO Open Date | 22 October 2026 | IPO Close Date | 26 October 2026 |
|---|---|---|---|
| Basis of Allotment | 27 October 2026 | Listing Date | 29 October 2026 |
| Price Band | ₹88 - ₹93 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,23,200 |
| Total Issue Size | ₹54.82 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹54.82 Cr | Offer for Sale (OFS) | — |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | Purva Sharegistry (India) Pvt. Ltd. | ||
Core4 Engineers IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 22 October 2026 | Confirmed |
| IPO Close Date | 26 October 2026 | Confirmed |
| Basis of Allotment | 27 October 2026 | Tentative |
| Initiation of Refunds | 29 October 2026 | Tentative |
| Credit of Shares to Demat | 29 October 2026 | Tentative |
| IPO Listing Date | 29 October 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 27 October 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Core4 Engineers IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,23,200 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,23,200 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹3,34,800 |
| S-HNI (Max) | 8 Lots | 9,600 Shares | ₹8,92,800 |
| B-HNI (Min) | 9 Lots | 10,800 Shares | ₹10,04,400 |
Core4 Engineers IPO Live GMP & Movement History
Daily unofficial grey market trends₹0 +0.0%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 1 Nov 2026 | ₹0 | ₹93.00 | 0.00% |
| 30 Oct 2026 | ₹0 | ₹93.00 | 0.00% |
| 29 Oct 2026 | ₹0 | ₹93.00 | 0.00% |
| 28 Oct 2026 | ₹0 | ₹93.00 | 0.00% |
| 27 Oct 2026 | ₹0 | ₹93.00 | 0.00% |
| 26 Oct 2026 | ₹0 | ₹93.00 | 0.00% |
| 23 Oct 2026 | ₹0 | ₹93.00 | 0.00% |
| 22 Oct 2026 | ₹0 | ₹93.00 | 0.00% |
Core4 Engineers IPO Subscription Status
Demand breakdown by investor categoryCore4 Engineers Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 31.99 Cr. | 33.63 Cr. | 29.54 Cr. | 2.89 Cr. |
| 2025 | 67.12 Cr. | 34.60 Cr. | 29.24 Cr. | 3.81 Cr. |
| 2026 | 116.32 Cr. | 91.79 Cr. | 75.25 Cr. | 12.37 Cr. |
| June 2026 | 145.43 Cr. | 45.77 Cr. | 37.48 Cr. | 6.17 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Core4 Engineers IPO Valuation & KPIs
Key metrics pre-issueCore4 Engineers Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| K2 Infragen Limited | 3.97 | 10.53 | 14.83% | 71.05 | – Cr. |
About Core4 Engineers
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.
Core4 Engineers IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 23 Oct 2026 |
| IPO Close Date | 27 Oct 2026 |
| Basis of Allotment | 28 Oct 2026 |
| Refunds | 29 Oct 2026 |
| Credit to Demat Account | 29 Oct 2026 |
| IPO Listing Date | 30 Oct 2026 |
Note: The timeline for Core4 Engineers IPO is tentative and subject to change.
Core4 Engineers Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Capital expenditure for new manufacturing facility and corporate office | 4.12 (7.52%) |
| Funding incremental working capital requirements | 40.48 (73.84%) |
| General Corporate Purposes | 10.22 (18.64%) |
Note: Objectives are as specified in the DRHP/RHP documents of Core4 Engineers.
Core4 Engineers Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 33.63 Cr. | 29.54 Cr. | 2.89 Cr. | 31.99 Cr. |
| 2025 | 34.60 Cr. | 29.24 Cr. | 3.81 Cr. | 67.12 Cr. |
| 2026 | 91.79 Cr. | 75.25 Cr. | 12.37 Cr. | 116.32 Cr. |
| June 2026 | 45.77 Cr. | 37.48 Cr. | 6.17 Cr. | 145.43 Cr. |
Note: Financial numbers for Core4 Engineers are in ₹ Crores unless stated otherwise.
Core4 Engineers Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 49.70% |
| ROCE | 37.78% |
| EBITDA Margin | 20.04% |
| PAT Margin | 13.54% |
| Debt to Equity Ratio | 1.02 |
| Earning Per Share (EPS) | 8.36 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 39.81% |
| Net Asset Value (NAV) | 21.01 |
Note: Valuation KPIs for Core4 Engineers are computed for FY2026.
Core4 Engineers Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| K2 Infragen Limited | 10.53 | 3.97 | 14.83% | 71.05 | – Cr. |
Note: Peer group comparisons for Core4 Engineers are sourced from DRHP filings.
Core4 Engineers IPO FAQs
Core4 Engineers IPO opens for subscription on 22 October 2026 and closes on 26 October 2026.
The price band for Core4 Engineers IPO is set at ₹88.00 to ₹93.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,23,200).
The latest Grey Market Premium (GMP) for Core4 Engineers IPO is ₹0. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Core4 Engineers IPO is tentatively scheduled for 27 October 2026, and shares are expected to list on the stock exchanges on 29 October 2026.
Purva Sharegistry (India) Pvt. Ltd. is the official registrar for Core4 Engineers IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.