Core4 Engineers' ₹54.82 crore IPO was subscribed 5.44 times overall, with the non-institutional investors (NII) category leading demand at 12.26 times subscription. Qualified institutional buyers (QIBs) subscribed 5.06 times, while individual investors showed 2.72 times subscription. The IPO was entirely a fresh issue of 58.94 lakh shares with a price band of ₹88-93 per share. According to reports from The Economic Times, the public issue opened on October 23 and closed on October 27, 2026.
The company fixed the IPO price band at ₹88-93 per share with a lot size of 1,200 shares. Retail investors were required to apply for a minimum of two lots, or 2,400 shares, translating into an investment of ₹2,23,200 at the upper end of the price band. For high-net-worth individual (HNI) investors, the minimum application size was three lots, or 3,600 shares, amounting to ₹3,34,800. Socradamus Capital Pvt. Ltd. acted as the book-running lead manager, while Purva Sharegistry (India) Pvt. Ltd. was appointed as the registrar.
Core4 Engineers demonstrated strong financial growth with profit after tax (PAT) increasing to ₹12 crore in FY26 from ₹4 crore in the previous financial year, marking a 200% rise. The company serves government organisations, public sector undertakings, utilities, infrastructure contractors and private enterprises across India. As of June 30, 2026, it had a workforce of 462 employees, comprising 62 employees on its payroll and 400 floating labourers primarily engaged in project execution.
Core4 Engineers operates in railway electrification, traction substations, station redevelopment and allied civil works, while its power division executes turnkey projects involving substations, transmission lines and distribution networks of up to 220 kV. The company serves various sectors including government organisations, public sector undertakings, utilities, infrastructure contractors and private enterprises across India. Mansi Share & Stock Broking Pvt. Ltd. is the market maker for the IPO.
