Coreintegra Consulting Services IPO

Incorporated in 2009, Coreintegra Consulting Services Limited is an integrated human resource solutions provider offering staffing, payroll outsourcing, labour law compliance, HR advisory, vendor management, and technology-driven HR and regulatory solutions. Its proprietary platforms include CoreX and Core Pay under HR Tech, and Ctrl-F and Core-PFT under Reg Tech. The company serves more than 600 customers across over 30 industries, covering 23 states and four union territories through more than 1,500 client locations and seven branch offices. Its services are designed to streamline workforce management, recruitment, payroll processing, regulatory compliance and related HR functions. As of 31 August 2026, the company had 12,166 employees.

Coreintegra Consulting Services Limited IPO Overview

Coreintegra Consulting IPO is a bookbuilding issue of ₹21.99 crore comprising an entirely fresh issue of 28.19 lakh shares. The IPO will open for subscription on 23 September 2026 and close on 25 September 2026. The tentative allotment date is 28 September 2026, followed by refund initiation and credit of shares to demat accounts on 29 September 2026. The shares are proposed to list on the NSE SME platform on 30 September 2026. The price band has been fixed at ₹74 to ₹78 per share, while the lot size is 1,600 shares. Individual investors must apply for a minimum of two lots, representing 3,200 shares and requiring ₹2,49,600 at the upper price band. S-HNI investors require at least three lots, or 4,800 shares, amounting to ₹3,74,400. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book running lead manager, Purva Sharegistry (India) Pvt. Ltd. is the registrar and Rikhav Securities Ltd. is the market maker.

Coreintegra Consulting Services Limited IPO Details

Particulars	Details
IPO Date	23 to 25 September 2026
Listing Date	30 September 2026
Face Value	₹10 per share
Issue Price Band	₹74 to ₹78 per share
Lot Size	1,600 Shares
Total Issue Size	28,19,200 shares (aggregating up to ₹21.99 Cr)
Fresh Issue	28,19,200 shares (aggregating up to ₹21.99 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	76,67,805 shares
Share Holding Post Issue	1,04,87,005 shares
Market Maker Portion	1,42,400 shares

Coreintegra Consulting Services Limited IPO Reservation

Investor Category	Shares Offered
QIB	2,67,200 shares (9.98% of Net Issue)
Retail	12,06,400 shares (45.07% of Net Issue)
NII (HNI)	12,03,200 shares (44.95% of Net Issue)

Coreintegra Consulting Services Limited IPO Lot Size

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
B-HNI (Min)	9	14,400	₹11,23,200

Coreintegra Consulting Services Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	93.04%
Post-Issue	68.03%

Coreintegra Consulting Services Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹5.88 Pre-IPO / ₹4.30 Post-IPO
Price/Earnings (P/E) Ratio	13.27x Pre-IPO / 18.14x Post-IPO
Return on Net Worth (RoNW)	17.94%
Net Asset Value (NAV)	₹35.74
Return on Equity	17.94%
Return on Capital Employed (ROCE)	20.19%
EBITDA Margin	1.17%
PAT Margin	0.87%
Debt to Equity Ratio	NA

Objectives of the Proceeds

1. Augment the leadership team to strengthen organisational capabilities and support future business expansion, with an estimated allocation of ₹5.75 crore.

2. Enhance brand visibility and market awareness through targeted initiatives, with an estimated allocation of ₹0.50 crore.

3. Upgrade existing IT infrastructure and technology capabilities through capital expenditure of approximately ₹11.76 crore.

4. Meet general corporate purposes and support the company’s broader operational and strategic requirements from remaining issue proceeds.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	68.51	56.80	49.96
Revenue / Total Income	516.30	404.39	368.44
Profit After Tax	4.51	3.46	4.94
Reserves and Surplus	19.74	22.88	19.42
Net Worth	27.41	22.89	19.43

IPO Strengths

1. Technology Platforms built in-house covering all aspects of the human resource value chain

2. Deep domain expertise delivered through comprehensive solutions across industries

3. Wide geographic presence with efficient labour law compliance capabilities

4. Established long term relationship with clients leading to recurring business

5. Experience of our Promoter and management team

Peer Group Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹ per share)	P/E (x)	RoNW (%)	P/BV Ratio
Coreintegra Consulting Services	5.88	5.88	35.74	—	16.46	—
Peer Group
Team Lease Services	83.30	83.30	622.12	28.04	13.55	2.92
Quess Corp	14.85	14.85	78.11	87.67	19.05	3.45