Core4 Engineers Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 5.06x | 1,040,400 | 5,264,400 | ₹10 Cr |
| NII (HNI) | 12.13x | 777,600 | 9,432,000 | ₹7 Cr |
| Retail | 2.52x | 1,812,000 | 4,562,400 | ₹17 Cr |
| Market Maker | — | 720,000 | — | ₹7 Cr |
| Σ Total | 5.31x | 3,630,000 | 19,258,800 | ₹34 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹111,600 |
| Retail (Max) | 13 | 15,600 | ₹1,450,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,562,400 |
| B-HNI (Min) | 67 | 80,400 | ₹7,477,200 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 47 | 35 | 34 |
| EBITDA | 9 | 7 | 5 |
| Profit After Tax | 6 | 4 | 3 |
| Net Worth | 25 | 19 | 6 |
| Total Assets | 77 | 68 | 32 |
| Reserves & Surplus | 22 | 16 | 4 |
| Total Borrowing | 22 | 19 | 17 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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; – 4.12
- Funding incremental working capital requirements; and – 32.68
- General corporate purposes –
Company Overview
Incorporated in 2022, Core4 Engineers Ltd. is an Engineering, Procurement, Construction and Commissioning (EPCC) company providing integrated infrastructure solutions across railway infrastructure, power transmission & distribution, and water & wastewater treatment sectors. The company undertakes end-to-end project execution, including design, engineering, procurement, erection, testing, commissioning, and operation & maintenance (O&M).
The company also operates an in-house manufacturing facility for High-Tension (HT) and Low-Tension (LT) electrical panels and compact substations, supporting both its EPC operations and third-party clients. Its subsidiary, Core4 Energy Ltd., contributes to product-based revenue through the manufacturing of electrical distribution and control panels.
Core4 Engineers Ltd. executes projects for Indian Railways, public sector undertakings, and infrastructure contractors, with capabilities in railway electrification, substation development, and water treatment systems. As of September 30, 2025, the company had a workforce of 433 personnel, including employees and project-based labour.
Business Verticals:
- Railway Electrification (RE): Execution of 25 kV OHE systems, traction substations, and related infrastructure works on an EPCC basis.
- Railway Infrastructure: Composite civil, electrical, and mechanical works for station redevelopment and modernization projects.
- EHT Transmission & Distribution: Turnkey projects up to 220 kV, including substations, transformers, and distribution systems.
- Water & Wastewater Treatment: EPCC solutions for WTP, STP, and ETP projects using technologies like MBBR and SBR.
- Automation & SCADA Systems: PLC-based automation, monitoring, and control systems for infrastructure projects.
- HT/LT Panel Manufacturing: Manufacturing and supply of electrical panels including PCC, MCC, APFC, and automation panels.