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Coreintegra Consulting Services IPO
📅 Founded: 2009
📍 Mumbai, Maharashtra
👥 12,166 (incl. associates) employees
🌐 coreintegra.com
📋 Face Value: ₹10
🏦 Market Cap: ₹82 Cr
Price Band
₹74 – ₹78
Issue Size
₹21.99 Cr
Lot Size
1600 shares
Min. Investment
₹2,49,600
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
30 Sep 2026
Registrar
Purva Sharegistry
Coreintegra Consulting Services IPO at a glance
Coreintegra Consulting Services IPO was an SME issue of ₹21.99 Cr at a price band of ₹74 – ₹78 per share, open from 23 Sep 2026 to 25 Sep 2026. The shares listed on NSE SME on 30 Sep 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹21.99 Cr
Offer for Sale (OFS)Nil
Total Issue Size₹21.99 Cr
Face Value₹10
Market Cap (at issue)₹82 Cr
Listing ExchangeNSE SME
📅 Open Date23 Sep 2026
🔒 Close Date25 Sep 2026
✂️ Cut-off Price Date25 Sep 2026
🎟️ Allotment Date28 Sep 2026
💸 Refund Initiation29 Sep 2026
📂 Demat Credit29 Sep 2026
📈 Listing Date30 Sep 2026
Objects of the Issue
- 💰 Strengthening the leadership team — ₹5.75 Cr
- 💰 Brand building — ₹0.50 Cr
- 💰 IT infrastructure — ₹11.76 Cr
- 💰 General corporate purposes
About the Company
Coreintegra Consulting Services, incorporated in 2009 and based in Mumbai, provides outsourced HR services — staffing and recruitment, payroll processing, labour-law compliance and HR advisory, and vendor management. It also runs its own HR-tech and compliance software (CoreX, Core Pay, Ctrl-F, Core-PFT). It serves 600+ clients across 30+ industries, with seven branch offices and associates deployed at 1,500+ client locations in 23 states.
Strengths
- ✅ Large, recurring client base — over 600 clients across more than 30 industries
- ✅ Own HR-tech and compliance platforms alongside staffing services
- ✅ Presence across most Indian states, useful for multi-location employers
- ✅ Income has grown steadily, from ₹368 Cr in FY24 to ₹516 Cr in FY26
Risk Factors
- ⚠️ Very thin margins typical of staffing — PAT of ₹4.5 Cr on ₹516 Cr income (under 1%)
- ⚠️ Profit has been flat over three years despite higher income
- ⚠️ Labour-law and wage-code changes can raise costs
- ⚠️ Much of the IPO money goes to leadership hiring and IT spending rather than direct revenue
- ⚠️ SME listing — shares may trade thinly
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
93.04%
Pre-IPO
→ -25.0%
68.03%
Post-IPO
Founders & Leadership
SN
Sriram Natarajan
Promoter
One of the company's promoters
GB
Gaurav Bali
Promoter
One of the company's promoters
IPO Timeline
✓
Open Date
23 Sep 2026
✓
Close Date
25 Sep 2026
✓
Allotment Date
28 Sep 2026
✓
Listing Date
30 Sep 2026
Key Financials
Revenue₹516 Cr
PAT₹4.5 Cr
EPS₹4.30
P/E Ratio18.14x
ROE17.94%
Market Cap₹82 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 516.30 | 404.39 | 368.44 |
| Profit After Tax | 4.51 | 3.46 | 4.94 |
| Net Worth | 27.41 | 22.89 | 19.43 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 16.45 | 15.12 |
| Net Worth (Rs. Cr) | 27.41 | 22.89 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹4.30 | — |
| P/E (x) | 18.14x | — |
| ROE (%) | 17.94% | — |
| Promoter Holding | 93.04% | 68.03% |
| Market Cap | ₹82 Cr | |
IPO Registrar
Purva Sharegistry
Coreintegra Consulting Services IPO FAQs
Coreintegra Consulting Services IPO is an SME IPO with an issue size of ₹21.99 Cr at a price band of ₹74 – ₹78. Minimum lot size is 1600 shares and the minimum application is 2 lots (minimum investment ~₹2,49,600). Opened on 23 Sep 2026 and closed on 25 Sep 2026. Listed on NSE SME. Registrar: Purva Sharegistry.