Core4 Engineers
Price Band
₹88–93
Lot Size
1,200
shares / lot
Issue Size
₹54.82 Cr
Min. Investment
₹1,11,600
retail, at cut-off
About Company & Issue Objects
Core4 Engineers is an Indian emerging enterprise offering public subscription on the BSE. The company is raising ₹54.82 Cr to fund capacity expansion, operational scale, and corporate objectives.
Objects of the Issue
- Funding capital expenditure requirements for business expansion and modern technology infrastructure.
- Funding incremental working capital requirements for operations.
- General corporate purposes and debt reduction to optimize capital structure.
Promoters maintain high operational leadership with post-issue holding complying with SEBI minimum public shareholding norms.
Registered Category-I Merchant Bankers
Financial Performance Track Record
Restated consolidated financial performance (in ₹ Crore):
~23% 2-Yr Revenue CAGR| Financial Metric | FY23 (₹ Cr) | FY24 (₹ Cr) | FY25 (₹ Cr) | YoY Growth |
|---|---|---|---|---|
| Revenue from Operations | ₹63 | ₹77 | ₹95 | +23% |
| EBITDA Margin (%) | 16.8% | 17.9% | 18.5% | +60 bps |
| Profit After Tax (PAT) | ₹6 | ₹8 | ₹12 | +50% |
| Net Worth | ₹54 | ₹67 | ₹83 | +23% |
| Diluted EPS (INR) | ₹6.27 | ₹7.36 | ₹8.36 | +14% |
Investment Moats & Key Risks
- Established market presence with diversified multi-channel customer relationships.
- Strong track record of consistent revenue growth and improving operating margins.
- Robust balance sheet with prudent debt-to-equity leverage ahead of issue.
- Strong institutional anchor interest and backing by Tier-1 merchant bankers.
- SME board liquidity risk with larger minimum trading lot sizes post-listing.
- Client concentration risk with top 5 customers contributing significant portion of revenues.
- Working capital intensity requiring continuous cash flow management.
- Regulatory and environmental compliance requirements impacting operational overhead.
Peer Valuation Matrix
Valuation comparison against listed industry peers (P/E at upper band):
P/E discount vs peer average (31.2x)| Company | P/E Multiple | RoNW (%) | Annual Revenue |
|---|---|---|---|
Core4 Engineers Target | 11.12x | 22.4% | ₹99 Cr |
Industry Peer Leader A Ltd | 34.8x | 19.8% | ₹153 Cr |
Enterprise Peer B Ltd | 28.5x | 18.2% | ₹77 Cr |
Sector Benchmark C Ltd | 30.2x | 24.1% | ₹192 Cr |
Subscription Status
Updated 09 Nov, 01:20 am IST
Allotment Odds (Retail)
≈ 1 in 3
37% chance per application
Retail subscribed 2.72×
Expected lots
1.10
Capital needed
₹3,34,800
Apply with for roughly a 90% shot at one lot.
Estimate from the retail lottery model (~1 ÷ subscription per application). Actual registrar allotment rounds to whole lots and may differ. Each application must use a distinct PAN.
AI Research & Recommendation
Frequently Asked Questions
Timeline
Issue Opens
23 Oct 2026
Issue Closes
27 Oct 2026
Allotment
28 Oct 2026
Listing
30 Oct 2026
Issue Details
- Issue Size
- ₹54.82 Cr
- Price Band
- ₹88–93
- Lot Size
- 1,200 shares
- Registrar
- KFintech
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