CORE4 ENGINEERS LIMITED

23 Oct 2026 - 27 Oct 2026 SME BSE

Min Investment

₹2,23,200.00

Price Band

₹88-₹93

Issue Size

₹40.46 Cr

Lot Size

1200 (per lot)

IPO Dates
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23 Oct 2026

Open Date

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27 Oct 2026

Close Date

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28 Oct 2026

Allotment Date

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30 Oct 2026

Listing Date

Know Before Investing

Strengths icon

  • 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.

Weaknesses icon

  • 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.

About Core4 Engineers Limited

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.

IPO Objectives

1. 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;

2. Funding incremental working capital requirements; and

3. General corporate purposes.

Company Promoters

Agrahara Chamaraje Gowda Abhinandan

Anala

Hosahalli Appagigowda Savitha

Mahadevappa Tejus

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 5.06
Non-Institutional Buyers 6.84
Retail Investors 2.72
Total 14.62
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