Core4 Engineers SME shares to list today: Check IPO subscription status and other key details
The public issue received bids across all investor categories, with the non-institutional investors (NII) segment leading the demand.
The IPO was subscribed 5.44 times overall. The individual investors’ category was subscribed 2.72 times, while the qualified institutional buyers (QIBs), excluding anchor investors, subscribed 5.06 times. The NII category saw a subscription of 12.26 times.
Core4 Engineers launched its Rs 54.82 crore IPO as an entirely fresh issue of 58.94 lakh shares. The public issue opened on October 23 and closed on October 27, 2026.
The company fixed the IPO price band at Rs 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 Rs 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 Rs 3,34,800.
Socradamus Capital Pvt. Ltd. acted as the book-running lead manager for the issue, while Purva Sharegistry (India) Pvt. Ltd. was appointed as the registrar. Mansi Share & Stock Broking Pvt. Ltd. is the market maker for the IPO.
IPO objects of the issue
The company plans to utilise Rs 4.12 crore from the IPO proceeds towards acquiring land and an existing building to establish a new manufacturing facility and corporate office. Of the total net proceeds of Rs 44.60 crore, Rs 40.48 crore will be allocated towards meeting incremental working capital requirements, while the remaining amount will be used for general corporate purposes.
Financial performance
Core4 Engineers Ltd. reported a sharp improvement in its financial performance in FY26, with total income rising to Rs 92 crore from Rs 35 crore in FY25, registering a growth of around 163%.
Profit after tax (PAT) increased to Rs 12 crore in FY26 from Rs 4 crore in the previous financial year, marking a rise of 200%.
About Core4 Engineers Ltd.
Incorporated in June 2014, Core4 Engineers Limited is an Engineering, Procurement, Construction and Commissioning (EPCC) company that provides integrated infrastructure solutions across railway infrastructure, power transmission and distribution, and water and wastewater treatment. Its services cover design, engineering, procurement, construction, installation, testing, commissioning, and operations and maintenance. The company also undertakes automation and Supervisory Control and Data Acquisition (SCADA) projects and manufactures high-tension (HT) and low-tension (LT) distribution panels and related equipment.
Its railway operations include 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 government organisations, public sector undertakings, utilities, infrastructure contractors and private enterprises across India. As of June 30, 2026, it had a workforce of 462, comprising 62 employees on its payroll and 400 floating labourers primarily engaged in project execution.
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