Coreintegra Consulting Services IPO
Coreintegra Consulting Services IPO is a Mainboard-style SME book-built issue of ₹21.99 crore. The IPO price band is ₹74 to ₹78 per share and the lot size is 1,600 shares. The IPO is scheduled to open on September 23, 2026 and close on September 25, 2026.
Coreintegra Consulting Services IPO Details
Coreintegra Consulting Services IPO is scheduled to open for subscription on September 23, 2026 and close on September 25, 2026. The basis of allotment is expected to be finalized on September 28, 2026, refunds are scheduled for September 29, and shares are expected to be credited to Demat accounts on September 29, 2026. The proposed listing date is September 30, 2026.
Coreintegra Consulting Services IPO Timeline (Tentative)
Coreintegra Consulting Services IPO is scheduled to open on September 23, 2026 and close on September 25, 2026. The basis of allotment is expected on September 28, followed by refund initiation and credit of shares on September 29. The shares are expected to list on NSE SME on September 30, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Sep 23, 2026 |
| IPO Close Date | Fri, Sep 25, 2026 |
| Basis of Allotment | Mon, Sep 28, 2026 |
| Initiation of Refunds | Tue, Sep 29, 2026 |
| Credit of Shares to Demat | Tue, Sep 29, 2026 |
| Listing Date | Wed, Sep 30, 2026 |
| IPO Opens | September 23, 2026 |
| IPO Closes | September 25, 2026 |
| Basis of Allotment | September 28, 2026 |
| Refund Initiation | September 29, 2026 |
| Credit of Shares to Demat | September 29, 2026 |
| Listing Date | September 30, 2026 |
Coreintegra Consulting Services IPO Lot Size
The Coreintegra Consulting Services IPO lot size is 1,600 shares. Investors need to apply for a minimum of 3,200 shares, or 2 lots, requiring ₹2,49,600 at the upper price band of ₹78 per share. Further bids can be made in multiples of 1,600 shares.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,49,600 |
| Retail (Max) | 2 | 3,200 | 2,49,600 |
| S-HNI (Min) | 3 | 4,800 | 3,74,400 |
| S-HNI (Max) | 8 | 12,800 | 9,98,400 |
Coreintegra Consulting Services IPO Reservation
The Net Issue is proposed to be allocated among QIB, NII and Retail investors according to the applicable IPO reservation framework. The reported reservation is 50% for QIBs, 15% for NIIs and 35% for Retail Individual Investors.
Coreintegra Consulting Services IPO Subscription
Coreintegra Consulting Services IPO subscription figures will be updated once bidding begins on September 23, 2026.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Coreintegra Consulting Services
Coreintegra Consulting Services Limited is an integrated human-resource solutions company providing staffing, payroll outsourcing, labour-law compliance, advisory, vendor management and technology-enabled HR services. Its business is organised across HR Services, Vendor Management Services, Compliance and Advisory, Reg Tech and HR Tech Solutions.
The company's technology portfolio includes platforms such as Ctrl-F for compliance management, CoreX for HR processes, Core PFT for provident-fund trust operations and Core Pay for vendor-management services. Through these offerings, Coreintegra combines traditional workforce services with technology-based solutions for payroll, compliance and workforce management.
The company served more than 600 customers across more than 30 industries and over 1,500 client locations across 23 states and four Union Territories during FY2024–FY2026. As of March 31, 2026, more than 12,000 employees were deployed at client locations. HR Services remained the largest revenue contributor, followed by Vendor Management Services.
Coreintegra follows an asset-light operating model, but its revenue is concentrated among a relatively small number of customers. The company's latest reported financials show revenue of ₹515.15 crore and profit after tax of ₹4.51 crore in FY2026.
Strengths
- Integrated HR services covering staffing, payroll, compliance, advisory and workforce-management requirements.
- Proprietary technology platforms provide technology-enabled solutions across HR, compliance and payroll processes.
- The company served more than 600 customers across over 30 industries and more than 1,500 client locations.
- Revenue increased from ₹366.38 crore in FY2024 to ₹515.15 crore in FY2026.
- Asset-light operating model with operations spread across multiple HR and workforce-management services.
- Presence across 23 states and four Union Territories provides a broad geographic operating footprint.
Risks to Consider
- The company's revenue is highly concentrated among its largest customers, with the top five customers contributing approximately 89.31% of FY2026 revenue.
- Loss of one or more major customers could materially affect revenue, profitability and cash flows.
- The company faces risks relating to cybersecurity, data protection and disruption of information-technology systems.
- Compliance with changing data-privacy, data-protection and regulatory requirements may increase operating costs.
- The offer document identifies outstanding legal and regulatory proceedings involving the company, group company, promoters, directors and key personnel.
- The company operates in a competitive HR-services and workforce-management industry where pricing, service quality and technology capabilities can affect business performance.
Coreintegra Consulting Services Financials (₹ Cr)
Coreintegra Consulting Services reported revenue of ₹366.38 crore in FY2024, ₹402.61 crore in FY2025 and ₹515.15 crore in FY2026. Profit after tax stood at ₹4.94 crore, ₹3.46 crore and ₹4.51 crore respectively.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | 366.38 | 4.94 | ||
| FY2025 | 402.61 | 3.46 | ||
| FY2026 | 515.15 | 4.51 |
KPIs & Valuation
Coreintegra Consulting Services IPO’s key performance indicators and valuation metrics provide an overview of the company’s profitability, operational efficiency, earnings performance, and valuation at the IPO price. The analysis includes important parameters such as Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), Return on Capital Employed (ROCE), and Net Asset Value (NAV), along with other relevant financial ratios. These indicators help present the company’s recent financial performance and the valuation at which its shares are being offered to investors.
Objects of the Issue
The latest reported IPO structure is an Offer for Sale, under which the proceeds from the shares offered by selling shareholders will accrue to the respective selling shareholders rather than to Coreintegra Consulting Services. The earlier draft prospectus had contemplated utilisation of fresh-issue proceeds for specified business purposes, but that structure was subsequently changed.
- Under the earlier draft structure, the proposed objects included:
- Capital expenditure towards upgrading the existing IT infrastructure.
- Augmenting the leadership team.
- Enhancing the visibility and awareness of the company brand.
- General corporate purposes.
- The earlier DRHP had indicated approximately ₹11.76 crore for IT infrastructure, ₹5.75 crore for augmenting the leadership team and ₹0.50 crore for brand visibility and awareness. These figures relate to the earlier draft structure and should not be treated as utilisation of proceeds from the latest reported OFS structure.
Promoters, Lead Managers & Registrar
Coreintegra Consulting Services Limited is promoted by Sriram Natarajan, Sangeetha Sriram and Gaurav Bali. The company is headquartered in Mumbai and provides integrated HR, workforce-management and technology-enabled compliance services. Marwadi Chandarana Intermediaries Brokers Private Limited is the Book Running Lead Manager, while Purva Sharegistry (India) Private Limited is the Registrar to the Issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Purva Sharegistry (India) Private Limited |
|---|---|
| Phone | +91 22 4961 4132 |
| newissue@purvashare.com | |
| Website | https://www.purvashare.com |
Coreintegra Consulting Services IPO Review
Coreintegra Consulting Services operates across staffing, payroll, compliance, advisory, vendor management and HR technology. Its combination of traditional HR services and proprietary technology platforms provides exposure to several workforce-management requirements rather than a single service line.
The company's revenue has grown from ₹366.38 crore in FY2024 to ₹402.61 crore in FY2025 and ₹515.15 crore in FY2026. However, profit after tax was ₹4.94 crore in FY2024, declined to ₹3.46 crore in FY2025 and recovered to ₹4.51 crore in FY2026. This shows revenue growth alongside relatively modest profitability.
A key consideration is customer concentration. The latest offer-document analysis reports that the top five customers accounted for approximately 89.31% of revenue in FY2026. Such concentration can make revenue and profitability sensitive to changes in relationships, contracts or business volumes with major customers.
The latest reported issue structure is an OFS rather than the fresh-issue structure described in the earlier DRHP. Consequently, investors evaluating the IPO should distinguish between the earlier proposed use of proceeds and the current offer structure, while also considering the company's financial performance, customer concentration, technology-related risks and regulatory exposure.
How to Apply
Coreintegra Consulting Services IPO applications can be made through the applicable ASBA and UPI-supported IPO application facilities. The IPO is scheduled to open on September 23, 2026 and close on September 25, 2026.
The minimum application is 3,200 shares, or 2 lots. At the upper price band of ₹78 per share, the minimum application amount is ₹2,49,600.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Coreintegra Consulting Services IPO.
- Enter the required number of lots.
- Enter your UPI ID and submit the IPO application.
- Check the UPI mandate request received from your bank.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your linked bank account.
- If shares are allotted, the applicable amount will be debited and the shares will be credited to your Demat account.
Prospectus & Documents
The company's offer documents contain information about its business, financial performance, risk factors, IPO structure, promoters and other matters relevant to the public issue. The company's official website provides access to its offer-document section.
Last updated Sep 22, 2026.