About Core4 Engineers Ltd.
Infrastructure EPC
Incorporated in 2022 and headquartered in Mysuru, Karnataka, Core4 Engineers serves Indian Railways, public sector undertakings, infrastructure contractors and other customers. Its business verticals include 25 kV railway overhead electrification systems, traction substations, railway infrastructure works, transmission and distribution projects up to 220 kV, water and wastewater treatment plants, PLC-based automation and SCADA systems, and HT/LT electrical panels and compact substations. As of September 30, 2025, the company had 433 personnel, including employees and project-based labour. Its consolidated order book was approximately ₹156.15 crore as of that date. Government and government-owned customers contributed 27.57% of revenue from operations in the six months ended September 30, 2025, while Karnataka contributed 88.75% of revenue from operations during that period. The company also reported negative operating cash flow in FY24 and FY25, and its consolidated financial information includes joint ventures whose financial information was provided by management and was not audited by the statutory auditors.
IPO_DETAILS_LONG: Core4 Engineers Limited is launching an SME bookbuilding IPO comprising 58,94,400 equity shares with a face value of ₹10 each. According to the supplied Chittorgarh IPO details, the price band is ₹88 to ₹93 per share, and the total issue size is approximately ₹54.82 crore. The issue includes a market-maker reservation of 7,20,000 shares; the fresh issue excluding the market-maker portion is 51,74,400 shares, aggregating to approximately ₹48.12 crore at the upper price band. The IPO opens on October 23, 2026 and closes on October 27, 2026. Allotment is tentatively scheduled for October 28, 2026, refunds and demat credit for October 29, 2026, and listing on BSE SME for October 30, 2026. The lot size is 1,200 shares, with a minimum individual application of 2,400 shares at the upper price band, requiring ₹2,23,200. The book-running lead manager is Socradamus Capital Pvt. Ltd., and the registrar is Purva Sharegistry (India) Pvt. Ltd. The company intends to use the net proceeds for acquiring land and an existing building for a new manufacturing facility and corporate office, incremental working capital requirements, and general corporate purposes.