
Industrials · BSE
Incorporated in 2022, Core4 Engineers Ltd. is an Engineering, Procurement, Construction and Commissioning (EPCC) company providing integrated infrastructure solutions across railway infrastructure, power transmission and distribution, and water and wastewater treatment sectors. The company undertakes end-to-end project execution including design, engineering, procurement, erection, testing, commissioning, and operation and maintenance (O&M). It also operates an in-house manufacturing facility for High-Tension (HT) and Low-Tension (LT) electrical panels and compact substations, supporting both EPC projects and third-party clients, with its subsidiary Core4 Energy Ltd. contributing to product-based revenue through electrical panel manufacturing. Core4 Engineers executes projects for Indian Railways, public sector undertakings, and infrastructure contractors, with expertise in railway electrification (25 kV OHE systems and traction substations), railway infrastructure development, EHT transmission projects up to 220 kV, and water and wastewater treatment solutions using technologies like MBBR and SBR, along with automation and SCADA systems. As of September 30, 2025, the company had a workforce of 433 personnel including employees and project-based labour.
Price Band
₹88 – ₹93
Issue Size
₹54.82 Cr
Lot Size
1200 shares
GMP
Est. Listing
₹93
at current GMP
Subscribed
5.63x
overall
Open
23 Oct 2026
Close
27 Oct 2026
Allotment
28 Oct 2026
Refund
29 Oct 2026
Demat Credit
30 Oct 2026
Listing
30 Oct 2026
Overall Subscription
5.63x
Total Demand
QIB Multiplier
5.06x
Institutions & Funds
NII / HNI
13.18x
High Net-Worth
Retail (RII)
2.72x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,040,400 | 5,264,400 | 5.06x |
| NIB | 777,600 | 10,250,400 | 13.18x |
| HNIs(10L +) | 518,400 | 9,078,000 | 17.51x |
| HNIs (2-10L) | 259,200 | 1,172,400 | 4.52x |
| RETAIL | 1,812,000 | 4,936,800 | 2.72x |
| Total | 4,407,600 | 30,702,000 | 5.63x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 755 | 19 | 0.03x |
| HNIs(10L +) | 144 | — | 0.00x |
| HNIs (2-10L) | 72 | 1 | 0.01x |
| Total Applications | 971 | 20 | 0.02x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Core4 Engineers Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹54.82 Crores. The shares are offered at a price band of ₹88 to ₹93 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-10-27, the basis of allotment is scheduled to be finalized on 2026-10-28. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Purva Sharegistry India Private Limited) or the BSE allotment checking window.
Currently, Core4 Engineers Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹88 to ₹93 per equity share.
The retail lot size is 1200 shares requiring a minimum application amount of ₹1,11,600. Expected listing price is ₹93 per equity share.
The Core4 Engineers Limited IPO aggregate issue size is ₹54.82 Crores with an equity price band set at ₹88 to ₹93 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,11,600.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 5.63x (Retail: 2.72x, QIB: 5.06x, NII: 13.18x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Purva Sharegistry India Private Limited) and the BSE status verification website on or around 2026-10-28. Investors can verify status using PAN card or application number.
Core4 Engineers Limited shares are scheduled to list on BSE on 2026-10-30.