Last updated: Fri, Oct 23, 2026, 2:00 PM IST · SME IPO · BSE · Day 1 of 3
- Core4 Engineers IPO subscribed 0.04x overall on Day 1
- Total bids: 1,70,400 shares against 43,50,000 shares on offer
- Category-wise: QIB —, NII 0.02x, Retail 0.08x
- Price band: ₹88 to ₹93 per share
- The issue closes on Tue, Oct 27, 2026
The Core4 Engineers IPO saw a subscription multiple of 0.04x as of 2:00 PM IST on day 1 of 3. This figure represents the total number of shares bid for divided by the total shares offered to the public. Retail investors led the bidding activity among all categories, recording a subscription of 0.08x. The issue opened for public subscription on Friday, October 23, 2026.
Core4 Engineers IPO Subscription Status: Day 1
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 1 | Fri, Oct 23, 2026 | 1,70,400 | 1.58 | 0.04x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) |
|---|---|---|---|
| QIB | 10,40,400 | — | — |
| NII | 14,97,600 | 24,000 | 0.02x |
| of which individual NII | — | 24,000 | — |
| Retail | 18,12,000 | 1,46,400 | 0.08x |
| Total | 43,50,000 | 1,70,400 | 0.04x |
Retail investors recorded 1,46,400 bids against their quota of 18,12,000 shares. Non-institutional investors, or NIIs, who bid above ₹2 lakh, recorded a subscription of 0.02x. No bids were recorded from qualified institutional buyers, or QIBs, who are professional investors like banks and mutual funds. The total number of bids across all categories reached 1,70,400 shares.
Intraday subscription
| As of | Total bids (shares) | Total (x) | QIB (x) | NII (x) | Retail (x) |
|---|---|---|---|---|---|
| 11:00 AM | 48,000 | 0.01x | — | 0.00x | 0.02x |
| 2:00 PM | 1,70,400 | 0.04x | — | 0.02x | 0.08x |
Core4 Engineers IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Fri, Oct 23, 2026 to Tue, Oct 27, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹88 to ₹93 per share |
| Lot size | 2,400 shares |
| Total issue size | 58,94,400 shares (₹40 crore) |
| Listing at | BSE |
| Lead managers | Socradamus Capital Pvt Ltd. |
| Registrar | Purva Shareregistry (India) Pvt Ltd |
About Core4 Engineers
Core4 Engineers Ltd. is an Engineering, Procurement, Construction and Commissioning company providing integrated infrastructure solutions. As per the DRHP, the company provides services in railway electrification, EHT transmission, water and wastewater treatment, and automation, while also manufacturing electrical panels. It serves government entities including Indian Railways and various public sector undertakings, alongside private sector clients. The company was established as a partnership in 2014 and incorporated in 2022. Its expertise covers the entire project lifecycle from design and engineering to operation and maintenance, supported by an in-house manufacturing facility for electrical panels and compact substations.
Core4 Engineers Financial Highlights
| Metric | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Revenue from operations (₹ crore) | 341.57 | 334.51 |
| Total income (₹ crore) | 345.98 | 336.27 |
| Profit after tax (₹ crore) | 38.09 | 28.86 |
| Net worth (₹ crore) | 187.00 | 64.35 |
| Total borrowings (₹ crore) | 138.32 | 143.00 |
| EPS (₹) | 13.28 | 10.31 |
Revenue from operations grew to ₹341.57 crore in FY 2024-25 from ₹334.51 crore in FY 2023-24. Profit after tax rose to ₹38.09 crore in FY 2024-25, compared to ₹28.86 crore in FY 2023-24. The profit after tax margin increased to 11.15% in FY 2024-25 from 8.63% in FY 2023-24.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Funding capital expenditure for the acquisition of a property comprising land and an | 4.12 |
| Funding incremental working capital requirements; and | 32.68 |
Risk Factors as per the DRHP
- The company faces risks related to customer concentration, as a significant portion of its revenue is derived from its top 10 customers.
- The business lacks long-term agreements with suppliers, which exposes the company to procurement uncertainties.
- The company and its promoters are involved in outstanding tax and legal proceedings.
- The firm relies on unsecured loans from promoters and faces potential risks from vendor or employee fraud.
How to Check Core4 Engineers IPO Subscription Status
Live bidding figures are published by BSE while the issue is open. Once it closes, allotment status is published by the registrar, Purva Shareregistry (India) Pvt Ltd.
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Fri, Oct 23, 2026, 2:00 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.