GMP IPO Watch
Coreintegra Consulting Services IPO Opens for Subscription
Coreintegra Consulting Services IPO opened for subscription on September 23, 2026, and will remain open until September 25. The book-built SME issue consists entirely of a fresh issue of 28.19 lakh equity shares, aggregating to ₹21.99 crore at the upper price band. The shares are proposed to list on the NSE SME platform on September 30.
| Particular | Details |
|---|---|
| IPO Name | Coreintegra Consulting Services IPO |
| IPO Dates | Sep 23–25, 2026 |
| Price Band | ₹74–₹78 |
| Issue Size | ₹21.99 Cr |
| Issue Type | Fresh Issue |
| Shares Offered | 28.19 Lakh |
| Face Value | ₹10 |
| Lot Size | 1,600 Shares |
| Retail Minimum | 1 Lot* |
| Minimum Investment | ₹1,24,800* |
| Listing Platform | NSE SME |
| Allotment | Sep 28, 2026 |
| Refund / Demat | Sep 29, 2026 |
| Listing | Sep 30, 2026 |
| Lead Manager | Marwadi Chandarana Intermediaries Brokers |
| Registrar | Purva Sharegistry |
*Some IPO portals display a two-lot retail minimum of 3,200 shares and ₹2,49,600, while other current issue details show 1,600 shares as the lot size and minimum application. Investors should follow the final application rules shown by their broker/exchange during bidding.
Coreintegra Consulting Services IPO GMP Today
The latest available grey-market data indicates that Coreintegra Consulting Services IPO GMP is ₹0 / not started. IPOWatch reported that the GMP had not started, while another tracker showed a ₹0 indication.
| GMP Particular | Latest Update |
|---|---|
| GMP | ₹0 / Not Started |
| Upper Price Band | ₹78 |
| Indicative Price | ₹78 |
| Indicative Premium | 0% |
GMP is an unofficial and unregulated market indicator. It can change before listing and should not be considered a guaranteed listing price.
Coreintegra Consulting Services IPO Subscription Status
The IPO opened today, so subscription activity is still developing. The latest exchange-linked data available at the time of checking had not yet reported meaningful bidding figures.
The issue has approximately 2.67 lakh shares for QIBs, 12.03 lakh shares for NIIs and 12.06 lakh shares for retail investors, with an additional market-maker reservation.
| Category | Shares Offered |
|---|---|
| QIB | 2.67 Lakh |
| NII | 12.03 Lakh |
| Retail | 12.06 Lakh |
| Market Maker | 1.42 Lakh |
Subscription numbers can change substantially during the three-day bidding period.
Coreintegra Consulting Services Business Overview
Coreintegra Consulting Services is an integrated human-resource, workforce-management and HR-technology services company. It began as a staffing provider and has expanded into HR services, vendor management, compliance and advisory, RegTech and HR-tech solutions.
Its services cover recruitment and staffing, payroll outsourcing, labour-law compliance, audits, licensing, HR advisory, contractor management and workforce administration.
The company also uses proprietary technology platforms including CoreX, Core Pay, Ctrl-F and Core PFT to support HR processes, payroll, compliance management and provident-fund trust administration. It has served clients across 23 states and four union territories and caters to businesses across more than 30 industries.
Coreintegra Consulting Services Technology Platform
Technology is an important part of the company's operating model. Its software platforms are designed to help businesses manage workforce administration, payroll, statutory compliance and related HR processes.
The combination of staffing expertise and proprietary technology allows Coreintegra to provide services across multiple stages of workforce management rather than focusing only on recruitment.
The company serves enterprises, public- and private-sector organisations, startups and businesses across sectors including IT/ITES, infrastructure, manufacturing, retail and services.
Coreintegra Consulting Services Financial Performance
Coreintegra Consulting Services reported revenue from operations of ₹515.15 crore in FY2026, compared with ₹402.61 crore in FY2025 and ₹366.37 crore in FY2024. PAT stood at ₹4.51 crore in FY2026.
| Financial Year | Revenue | EBITDA | PAT |
|---|---|---|---|
| FY2024 | ₹366.37 Cr | ₹5.81 Cr | ₹4.94 Cr |
| FY2025 | ₹402.61 Cr | ₹4.20 Cr | ₹3.46 Cr |
| FY2026 | ₹515.15 Cr | ₹6.01 Cr | ₹4.51 Cr |
Revenue increased strongly in FY2026, while profitability remained relatively modest compared with the company's overall revenue base. FY2026 EBITDA margin was approximately 1.17% and PAT margin was around 0.87%.
Coreintegra Consulting Services Financial Highlights
The company's net worth increased from ₹19.43 crore in FY2024 to ₹27.41 crore in FY2026. FY2026 RoE was reported at approximately 17.94%, while ROCE was around 20.19%.
| Financial Indicator | FY2026 |
|---|---|
| Revenue | ₹515.15 Cr |
| EBITDA | ₹6.01 Cr |
| EBITDA Margin | 1.17% |
| PAT | ₹4.51 Cr |
| PAT Margin | 0.87% |
| Net Worth | ₹27.41 Cr |
| RoE | 17.94% |
| ROCE | 20.19% |
| Debt | ₹0 |
The financial profile shows a relatively asset-light business with no reported debt in the cited FY2026 financial data, although the low operating margins remain an important factor to monitor.
Coreintegra Consulting Services IPO Objects of the Issue
The company plans to use the IPO proceeds primarily to upgrade its existing IT infrastructure and strengthen its leadership team. A portion is also earmarked for improving brand visibility and general corporate purposes.
| IPO Objective | Amount |
|---|---|
| IT Infrastructure Upgrade | ₹11.76 Cr |
| Augmenting Leadership Team | ₹5.75 Cr |
| Brand Visibility & Awareness | ₹0.50 Cr |
| General Corporate Purposes | Balance |
The technology investment is intended to support the company's HR-tech and compliance platforms as it expands its workforce-management operations.
Coreintegra Consulting Services IPO Growth Strategy
Coreintegra's growth strategy combines expansion of its traditional HR and staffing services with greater use of proprietary technology.
The company operates in a market where businesses increasingly need outsourced payroll, workforce administration and labour-law compliance support. Its technology platforms are intended to make these processes more standardised and trackable.
The proposed investment in IT infrastructure and leadership capabilities is therefore closely linked to the company's plans to expand its service delivery and technology capabilities.
Coreintegra Consulting Services IPO Key Risks
Coreintegra operates in a competitive HR and workforce-management industry where pricing, customer retention and service quality can affect margins.
The company's FY2026 EBITDA margin was only around 1.17%, while PAT margin was below 1%. This means relatively small changes in operating expenses, employee costs or pricing could have a noticeable effect on profitability.
Customer concentration is another factor highlighted in recent IPO analysis. The company also depends heavily on manpower-related services, making employee availability, wage costs, labour regulations and compliance requirements important operating considerations.
Technology investment is another area to monitor because the company plans to spend a significant portion of the IPO proceeds on IT infrastructure. The ability to convert this investment into additional business and improved operating efficiency will be relevant after listing.
Coreintegra Consulting Services IPO Important Dates
Coreintegra Consulting Services IPO opened on September 23 and will close on September 25, 2026. The basis of allotment is scheduled for September 28, refunds and demat credit are expected on September 29, and the shares are scheduled to list on NSE SME on September 30.
| IPO Event | Date |
|---|---|
| IPO Opening | Sep 23, 2026 |
| IPO Closing | Sep 25, 2026 |
| Allotment | Sep 28, 2026 |
| Refund | Sep 29, 2026 |
| Demat Credit | Sep 29, 2026 |
| Listing | Sep 30, 2026 |
Coreintegra Consulting Services IPO Latest News Summary
Coreintegra Consulting Services IPO has opened with a price band of ₹74–₹78 and an issue size of ₹21.99 crore. The entire issue is a fresh issue of 28.19 lakh shares, with the company planning to use the proceeds mainly for IT infrastructure upgrades and strengthening its leadership team.
The latest GMP is ₹0/not started, while subscription activity is still developing on the opening day. Coreintegra reported FY2026 revenue of ₹515.15 crore and PAT of ₹4.51 crore, with revenue rising from ₹402.61 crore in FY2025.
The key updates to watch during the IPO period are category-wise subscription demand, any movement in the unofficial GMP, and the company's ability to improve margins while expanding its HR technology and workforce-management services.
Disclaimer: IPO GMP is an unofficial and unregulated market indicator and can change at any time. Subscription figures may change throughout the bidding period and depend on the reporting time. This article is for informational purposes only and should not be considered investment advice.
