When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.

Core4 Engineers Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the Core4 Engineers Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

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IPO Snapshot

Key metrics and details at a glance.

Price Band

₹88 - ₹93

Per Share

Lot Size

1200 Shares

Minimum Investment

₹1,05,600

Issue Size

₹54.82 Cr

Face Value

₹10

Per Share

IPO Type

Book Building - SME

Retail Quota

35%

QIB Quota

50%

NII Quota

15%

IPO Timeline

Important dates for your applying strategy.

IPO Opens23 Oct

IPO Closes27 Oct

Basis of Allotment28 Oct

Refund Initiation29 Oct

Shares Credited29 Oct

Core4 Engineers Ltd

Business model, operations, and market positioning.

Promoter Holding (Pre-Issue)

82.09%

Promoter Holding (Post-Issue)

58.69%

Issue Type

Book Building - SME

ISIN

INE1RY601016

About the Company

We are an Engineering, Procurement, Construction and Commissioning ("EPCC") company engaged in providing integrated infrastructure solutions across multiple domains, with a primary focus on the railway infrastructure, power transmission & distribution, and water & wastewater treatment sectors. Our expertise spans the entire project lifecycle design, engineering, procurement, erection, testing, commissioning, and operation & maintenance ("O&M"). We also operate an in-house manufacturing facility for High-Tension ("HT") and Low-Tension ("LT") electrical panels and compact substations, enabling us to offer customized, reliable, and cost-efficient products that complement our EPCC activities. We also undertake sub-contracting assignments, providing on-ground execution support for a wide range of engineering projects.

Company History

Our Company was originally formed as a partnership firm under the name and style "Core4 Engineers" in Mysore, Karnataka, under the provisions of the Indian Partnership Act, 1932, pursuant to a partnership deed dated June 06, 2014, as amended from time to time and was registered with the Registrar of Firms, Mysore, on July 11, 2014. Subsequently, the partnership firm was converted into a private limited company "Core4 Engineers Private Limited" on February 03, 2022 pursuant to the provisions of Chapter XXI of the Companies Act, 2013 and fresh a Certificate of Incorporation dated February 03, 2022 was issued by the Registrar of Companies, Central Registration Centre. Thereafter, our company was converted from a private limited company to a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of our shareholders held on February 27, 2025 and the name of our Company was changed to "Core4 Engineers Limited" with a fresh certificate of incorporation dated April 23, 2025, issued to our Company by the Assistant Registrar of Companies/Deputy Registrar of Companies/ Registrar of Companies, Central Processing Centre.

Financial Performance

Revenue, profit after tax and total assets across the last 2 reported financial years.

Consolidated figures

Revenue GrowthProfit After Tax (PAT)Total Assets

Revenue

+2.1%vs FY24

Amount in ₹ crore

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public offering of up to 58,94,400 equity shares of face value of Rs. 10/- each ("Equity Shares") for cash at a price of Rs. 88-93 per equity share (Including a Premium of Rs. 78-83 Per Equity Share) ("Issue Price") aggregating to Rs. 51.87-54.82 Crores ("the Issue"). The issue will constitute [*] % of the post-issue paid up equity share capital of the company. The issue includes a reservation of up to 7,20,000 equity shares aggregating to Rs. 6.3-6.70 Crores (Constituting up to [*] % of the post issue paid-up equity share capital of the company) for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute [*] % and [*] % respectively, of the post- issue paid-up equity share capital of the company. Price Band: Rs. 88/- to Rs. 93/- per equity share of face value of Rs. 10/- each. The floor price and cap price is 8.8 times and 9.3 times the face value of the equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

StrengthsRisk Factors

Wide operational reach and multi-disciplinary execution capability.
Cost efficiency through in-house panel manufacturing.
In-house testing and quality assurance.

Frequently Asked Questions

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.

Core4 Engineers Ltd

Business model, operations, and market positioning.