Core4 Engineers has announced its ₹55 crore IPO on the BSE SME platform, with the issue opening for subscription on Friday, October 23, 2026. According to reports from The Economic Times, the company will issue 58.94 lakh equity shares in the price band of ₹88-₹93 per share. The integrated EPCC company specializes in railway electrification and wastewater treatment solutions. The IPO is scheduled to close on Tuesday, October 27, 2026, with Friday, October 30, 2026 planned as the listing date at BSE SME. Socradamus Capital serves as the Book Running Lead Manager while Purva Sharegistry (India) has been appointed as the Registrar.
The IPO offers a three-day bidding window with bidding scheduled from 10:00 AM to 5:00 PM on public issue days. As per The Economic Times, the price band has been fixed at ₹88-93 per share with a lot size of 1,200 shares. Retail investors must apply for a minimum of two lots, or 2,400 shares, requiring an investment of ₹2,23,200 at the upper end of the price band. High-net-worth individual (HNI) investors must apply for at least three lots, or 3,600 shares, amounting to ₹3,34,800. The finalisation of basis of allotment is expected on or around Wednesday, October 28, 2026, followed by initiation of refunds on Thursday, October 29, 2026. Credit of shares to demat accounts is scheduled for Thursday, October 29, 2026, with the IPO listing date set for Friday, October 30, 2026 at BSE SME.
Core4 Engineers demonstrated robust financial growth with FY26 revenue of ₹92 crore and profit of ₹2 crore, reflecting strong annual growth. According to The Economic Times, profit after tax (PAT) increased to ₹12 crore in FY26 from ₹4 crore in the previous financial year, marking a rise of 200%. The company's diversified business model spans railway electrification, power transmission and distribution, water and wastewater treatment, and automation systems. As of June 30, 2026, the company employed 462 people, comprising 62 employees on its payroll and 400 floating labourers primarily engaged in project execution.
Core4 Engineers operates across multiple infrastructure segments with railway operations including electrification, traction substations, station redevelopment and allied civil works. The company's power division executes turnkey projects involving substations, transmission lines and distribution networks of up to 220 kV. As reported by The Economic Times, the company serves government organisations, public sector undertakings, utilities, infrastructure contractors and private enterprises across India. The company's integrated engineering capabilities and strategic growth initiatives position it to capitalize on emerging opportunities in India's infrastructure sector.
Mansi Share & Stock Broking Pvt. Ltd. has been appointed as the market maker for the IPO, alongside the existing management team. According to The Economic Times, Socradamus Capital will serve as the Book Running Lead Manager for the IPO, while Purva Sharegistry (India) has been appointed as the Registrar. The company's integrated engineering capabilities and strategic growth initiatives position it to capitalize on emerging opportunities in India's infrastructure sector.
