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Core Integra Consulting IPO
Price Band
₹74.0–78.0
Issue Size
₹21.99 Cr
Lot Size
1,600 shares
Min Investment
₹249,600
2 LOTS MIN
GMP
—
Issue Price
₹78.0
Core Integra Consulting IPO AI Summary
- Core Integra Consulting IPO is allotted on NSE SME in the Business Process Outsourcing (BPO)/Knowledge Process Outsourcing (KPO) sector.
- Price band: ₹74.0–₹78.0 per share, lot size 1,600 shares (min. investment ₹249,600, 2 lots minimum).
- Subscription window: 23 Sep–25 Sep 2026, listing on 30 Sep 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.40x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
1.05x
|
1.05x |
| NII (HNI) |
1.46x
|
1.46x |
| ↳ bNII (>₹10L) |
1.12x
|
1.12x |
| ↳ sNII (<₹10L) |
2.14x
|
2.14x |
| Retail (RII) |
1.42x
|
1.42x |
| Total | 1.40x | 1.40x |
Auto-updated every 5 min · As of 25th Sep 2026 18:56
Core Integra Consulting IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP is 0.0% above issue price
QIB subscribed 1.05x
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 30.9% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Incorporated in 2009, Core Integra Consulting Services Limited is an integrated human resource solutions provider offering staffing, payroll outsourcing, labour law compliance, HR advisory, vendor management, and proprietary HR-Tech and Reg Tech platforms under one umbrella. The company operates across five verticals: HR Services, Vendor Management, Compliance & Advisory, Reg Tech, and HR Tech Solutions. Its proprietary platforms include CoreX and Core Pay (HR Tech) and Ctrl-F and Core-PFT (Reg Tech). Between Fiscal 2023 and 2025, Core Integra served 500+ customers across 30+ industries and 1,500+ client locations in 20 states, supported by 7 branch offices. Headquartered in Mumbai, Core Integra also operates regional offices in Pune, Solapur, Bangalore, Chennai, Delhi, and Kolkata, reinforcing its Pan-India presence. In Fiscal 2025, the company served 384 customers, with 6 of its top 10 customers associated for more than 3 years. As of July 31, 2025, the company had 243 skilled employees.
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 68.51 | 56.80 | 49.96 |
| Total Income | 516.30 | 404.39 | 368.44 |
| Profit After Tax | 4.51 | 3.46 | 4.94 |
| EBITDA | 6.01 | 4.20 | 5.81 |
| NET Worth | 27.41 | 22.89 | 19.43 |
| Reserves and Surplus | 19.74 | 22.88 | 19.42 |
Key Ratios
EPS
₹5.88
NAV
₹35.74
ROE
17.94%
ROCE
20.19%
P/B Value
0.01
P/E Ratio
13.27
Market Cap
₹81.80 Cr
PAT Margin
0.87%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Quess Corp | 78.11 | 19.05% | 87.67 | 14.85 | 14.85 |
| Team Lease Services | 622.12 | 13.55% | 28.04 | 83.3 | 83.3 |
| Coreintegra Consulting Services This IPO | 35.74 | 16.46% | — | 5.88 | 5.88 |
Promoters
Sriram Natarajan, Sangeetha Sriram, Gaurav Bali
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Augmenting Leadership Team for the Company 5.75 2 Enhancing the visibility and awareness of the brand 0.50 3 Capital expenditure towards upgrading the existing IT infrastructure 11.76 4 General Corporate Purposes Total 18.01
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total income was ₹368.44 Cr in the year ending 31 Mar 2024, increasing to ₹404.39 Cr by 31 Mar 2025, and further rising to ₹516.30 Cr by 31 Mar 2026.
Profit Trend
Profit after tax was ₹4.94 Cr for the year ending 31 Mar 2024, which increased to ₹3.46 Cr in the year ending 31 Mar 2025, and then rose to ₹4.51 Cr by 31 Mar 2026. This shows a fluctuation in profit over the periods.
Valuation
The company's earnings per share (EPS) is ₹5.88, which implies a P/E ratio of 13.27 at the issue price. This is lower than peers such as Quess Corp, which has a P/E of 87.67, and Team Lease Services, which has a P/E of 28.04.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the shares compared to the issue price. A positive GMP suggests that shares may list at a higher price, while a negative GMP indicates the opposite.
Subscription Demand
As of 25th Sep 2026, the overall subscription level was 1.4 times, with different categories showing varied interest. The Qualified Institutional Buyers (QIB) subscribed 1.05 times, Non-Institutional Investors (NII) 1.46 times, and Retail Investors (RII) 1.42 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and low-risk investments may want to avoid this IPO, as it may involve higher volatility and uncertainty associated with new market entrants.
IPO Timeline, Explained
The IPO opens for subscription on 23rd September 2026 and closes on 25th September 2026. Allotment of shares will be done on 28th September 2026, with the listing date set for 30th September 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, such gains are not guaranteed and depend on market conditions, investor sentiment, and the company's performance post-IPO.
This evaluation is generated from Core Integra Consulting's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Core Integra Consulting IPO?
The price band of Core Integra Consulting IPO is ₹74.0–₹78.0 per share.
When does Core Integra Consulting IPO open and close?
Core Integra Consulting IPO opens on 23 September 2026 and closes on 25 September 2026.
When does Core Integra Consulting IPO list on the stock exchange?
Core Integra Consulting IPO is scheduled to list on 30 September 2026, with an estimated listing price of ₹78.0 based on current GMP.
What is the lot size for Core Integra Consulting IPO?
The lot size for Core Integra Consulting IPO is 1600 shares, requiring a minimum investment of ₹249,600 (2 lots).
What is the TopFund Listing Data Indicator for Core Integra Consulting?
Core Integra Consulting's Listing Data Indicator score is 45/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the lot size for this IPO?
The lot size for this IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹249,600.
What is the price band for the IPO?
The price band for the IPO is ₹74.0 to ₹78.0.
When does the IPO open and close?
The IPO opens on 23rd September 2026 and closes on 25th September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Sep 2026
Close
25 Sep 2026
Allotment
28 Sep 2026
Listing
30 Sep 2026
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