SME
    listed

    Coreintegra Consulting Services IPO

    Updated 11 Nov 2026, 6:45 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Individual investors (IND))

    ₹2,49,600

    2 lots · 3,200 shares at the upper price band

    Price band

    ₹78

    Latest GMP

    ₹0

    0.0% of the ₹78 upper band

    Est. listing price

    ₹78

    Issue size

    ₹20.88 Cr

    Listing price

    ₹78.10

    NSE COREIN, special pre-open price

    Listing gain

    +0.1%

    Listing price against the issue price

    First-day close

    ₹78.90

    Since issue

    +59.9%

    ₹124.7 close, 13 Nov 2026

    As NSE lists it

    The exchange's own issue data, NSE symbol COREIN · read 14 Nov 2026, 12:15 am

    Price band
    ₹74–78
    Bidding
    23 Sept 2026 – 25 Sept 2026
    Subscribed (NSE)
    —
    Shares offered
    —
    Listed
    30 Sept 2026
    Issue price
    ₹78

    NSE's subscription counts bids on its own platform and can differ from the combined NSE + BSE figure above.

    Allotment status

    Check it on the registrar's page or either exchange with your PAN or application number.

    1. Allotment finalised28 Sept 2026(done)
    2. Refunds start29 Sept 2026(done)
    3. Shares credited to demat29 Sept 2026(done)
    4. Listing30 Sept 2026(done)

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    ObservedGMPEst. listing price
    30 Sept 2026, 1:50 pm₹0₹78
    30 Sept 2026, 1:45 pm₹0₹78
    29 Sept 2026, 6:50 pm₹0₹78
    29 Sept 2026, 6:45 pm₹0₹78
    29 Sept 2026, 1:50 pm₹0₹78
    29 Sept 2026, 1:45 pm₹0₹78
    29 Sept 2026, 8:50 am₹0₹78
    29 Sept 2026, 8:45 am₹0₹78
    28 Sept 2026, 6:50 pm₹0₹78
    28 Sept 2026, 6:45 pm₹0₹78
    28 Sept 2026, 1:50 pm₹0₹78
    28 Sept 2026, 1:45 pm₹0₹78
    28 Sept 2026, 8:50 am₹0₹78
    28 Sept 2026, 8:45 am₹0₹78
    26 Sept 2026, 6:50 pm₹0₹78
    26 Sept 2026, 6:45 pm₹0₹78
    26 Sept 2026, 1:50 pm₹0₹78
    26 Sept 2026, 1:45 pm₹0₹78
    26 Sept 2026, 8:50 am₹0₹78
    26 Sept 2026, 8:45 am₹0₹78
    25 Sept 2026, 6:50 pm₹0₹78
    25 Sept 2026, 6:45 pm₹0₹78
    25 Sept 2026, 1:45 pm₹0₹78
    25 Sept 2026, 8:50 am₹0₹78
    25 Sept 2026, 8:45 am₹0₹78
    24 Sept 2026, 6:50 pm₹0₹78
    24 Sept 2026, 6:45 pm₹0₹78
    24 Sept 2026, 1:50 pm₹0₹78
    24 Sept 2026, 1:45 pm₹0₹78
    24 Sept 2026, 8:50 am₹0₹78
    24 Sept 2026, 8:45 am₹0₹78
    23 Sept 2026, 6:50 pm₹0₹78
    23 Sept 2026, 6:45 pm₹0₹78
    23 Sept 2026, 1:50 pm₹0₹78
    23 Sept 2026, 1:45 pm₹0₹78
    23 Sept 2026, 8:50 am₹0₹78
    23 Sept 2026, 8:45 am₹0₹78
    22 Sept 2026, 6:50 pm₹0₹78
    22 Sept 2026, 6:45 pm₹0₹78
    22 Sept 2026, 1:50 pm₹0₹78
    22 Sept 2026, 1:45 pm₹0₹78
    22 Sept 2026, 8:50 am₹0₹78
    22 Sept 2026, 8:45 am₹0₹78
    21 Sept 2026, 6:50 pm₹0₹78
    21 Sept 2026, 6:45 pm₹0₹78
    21 Sept 2026, 1:50 pm₹0₹78
    21 Sept 2026, 1:46 pm₹0₹78
    21 Sept 2026, 11:23 am₹0₹78
    21 Sept 2026, 8:45 am₹0₹78
    19 Sept 2026, 6:45 pm₹0₹0

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    SME
    Price band
    ₹78
    Issue size
    ₹20.88 Cr
    Lot size
    1,600
    Opens
    23 Sept 2026
    Closes
    25 Sept 2026
    Allotment
    28 Sept 2026
    Listing
    30 Sept 2026
    Est. listing price
    ₹78
    Listing price
    ₹78
    Listing gain
    +0.1%
    Registrar
    Purva Sharegistry (India) Pvt.Ltd.
    Minimum investment
    ₹2,49,600 (2 lots · 3,200 shares)
    Face value
    ₹10 per share
    Issue type
    Bookbuilding IPO
    Sale type
    Fresh capital only
    Listing at
    NSE SME
    Refunds
    29 Sept 2026
    Shares credited
    29 Sept 2026
    Promoter holding
    93.04% before · 68.03% after
    Lead managers
    Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.

    Subscription by category

    As of 25 Sept 2026, 6:54 pm.

    Total subscription

    1.40x

    Qualified Institutional1.05×
    Non Institutional1.46×
    Retail Individual1.42×

    Full issue details

    Details as published for this issue, read 29 Sept 2026, 2:05 pm. Verify against the RHP before applying.

    IPO Details

    IPO Date23 to 25 Sep, 2026
    Listing DateWed, Sep 30, 2026 (tentative)
    Face Value₹ 10 per share
    Price Band₹74 to ₹78
    Lot Size1,600 Shares
    Sale TypeFresh capital only
    Issue TypeBookbuilding IPO
    Listing AtNSE SME
    Total Issue Size28,19,200 shares (agg. up to ₹ 22 Cr)
    Reserved for Market Maker1,42,400 shares (agg. up to ₹ 1 Cr) Rikhav Securities Ltd.
    Fresh Issue (Ex Market Maker)26,76,800 shares (agg. up to ₹ 21 Cr)
    Net Offered to Public26,76,800 shares (agg. up to ₹ 21 Cr)
    Share Holding Pre Issue76,67,805 shares
    Share Holding Post Issue1,04,87,005 shares

    IPO Timetable (Tentative)

    IPO Open
    Wed, Sep 23, 2026
    IPO Close
    Fri, Sep 25, 2026
    Allotment
    Mon, Sep 28, 2026
    Refund
    Tue, Sep 29, 2026
    Credit of Shares
    Tue, Sep 29, 2026
    Listing
    Wed, Sep 30, 2026

    Issue Reservation

    • QIB9.48%
    • NII (HNI)42.68%
    • Retail42.79%
    • Market Maker5.05%
    Issue Reservation: Share of the issue reserved for each investor category. Figures as published in the table below.
    Investor CategoryShares% of Net Issue% of Total Issue
    QIB2,67,2009.98%9.48%
    NII (HNI)12,03,20044.95%42.68%
    - bNII > ₹10L8,01,600—28.43%
    - sNII < ₹10L4,01,600—14.25%
    Retail12,06,40045.07%42.79%
    Firm Reservations
    Market Maker1,42,400—5.05%
    Total28,19,200100.00%100.00%

    Coreintegra Consulting IPO comprises a total issue size of 28,19,200 shares. The net offer to the public is 26,76,800 shares, after excluding 1,42,400 shares allotted on a firm basis. Of the Net offer 2,67,200 (9.98%) are allocated to QIB , 12,03,200 (44.95%) allocated to NII 12,06,400 (45.07%) allocated to RII .

    IPO Lot Size

    Individual investors (IND) (Min)₹2,49,600
    Individual investors (IND) (Max)₹2,49,600
    S-HNI (Min)₹3,74,400
    S-HNI (Max)₹9,98,400
    B-HNI (Min)₹11,23,200
    IPO Lot Size: What an application costs at the upper price band, by category. Figures as published in the table below.
    ApplicationLotsSharesAmount
    Individual investors (IND) (Min)23,200₹2,49,600
    Individual investors (IND) (Max)23,200₹2,49,600
    S-HNI (Min)34,800₹3,74,400
    S-HNI (Max)812,800₹9,98,400
    B-HNI (Min)914,400₹11,23,200

    Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.

    About Coreintegra Consulting Services Ltd.

    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 human resource services offer targeted support in recruitment, staffing, payroll processing, HR advisory including labour compliances, licenses and registration, policy drafting, just in time hiring solutions, retainership and assurance services which are designed to support regulatory compliance for businesses.

    Services:

    Compliance and Advisory Services

    HR Services

    Reg Tech

    HR Tech Solutions

    Vendor Management services

    The company offer tech- driven solutions to streamline and digitize human resource management through our proprietary platforms CoreX and Core Pay under HR Tech, and Ctrl-F and Core -PFT under Reg Tech.

    The company successfully provided our diverse range of services to more than 600 customers across more than 30 industries, spanning presence 23 states and 4 union territories by serving more than 1500 client locations through the network of 7 branch offices.

    As of August 31, 2026, the company had 12166 employees.

    Competitive Strengths:

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

    Deep domain expertise delivered through comprehensive solutions across industries

    Wide geographic presence with efficient labour law compliance capabilities

    Established long term relationship with clients leading to recurring business

    Experience of our Promoter and management team

    Company Financials (Restated Consolidated)

    Total Income

    31 Mar 2024368.44
    31 Mar 2025404.39
    31 Mar 2026516.30

    Profit After Tax

    31 Mar 20244.94
    31 Mar 20253.46
    31 Mar 20264.51

    EBITDA

    31 Mar 20245.81
    31 Mar 20254.20
    31 Mar 20266.01

    NET Worth

    31 Mar 202419.43
    31 Mar 202522.89
    31 Mar 202627.41
    Company Financials (Restated Consolidated): Each line is scaled to its own largest period, ₹ crore - compare periods within a line, not one line against another. Figures as published in the table below.
    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets68.5156.8049.96
    Total Income516.30404.39368.44
    Profit After Tax4.513.464.94
    EBITDA6.014.205.81
    NET Worth27.4122.8919.43
    Reserves and Surplus19.7422.8819.42
    Amount in ₹ Crore

    Coreintegra Consulting Services Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 30% between the financial year ending with March 31, 2026 and March 31, 2025.

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    IPO Objects of the Issue

    Capital expenditure towards upgrading the existing IT infrastructure11.76
    Augmenting Leadership Team for the Company5.75
    Enhancing the visibility and awareness of the brand0.50
    General corporate purposes1.76
    Issue Expenses2.22
    IPO Objects of the Issue: What the proceeds are earmarked for (₹ Cr.). Figures as published in the table below.
    #Issue ObjectsEst Amt (₹ Cr.)
    1Capital expenditure towards upgrading the existing IT infrastructure11.76
    2Augmenting Leadership Team for the Company5.75
    3Enhancing the visibility and awareness of the brand0.50
    4General corporate purposes1.76
    5Issue Expenses2.22
    Total21.99

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    KPIMar 31, 2026
    ROE17.94%
    ROCE20.19%
    PAT Margin0.87%
    EBITDA Margin1.17%
    NAV35.74
    Price to Book Value0.01

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)5.884.30
    P/E (x)13.2718.14
    Market Cap at Offer Price₹59.81 Cr.₹81.80 Cr

    Disclaimer

    The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue

    The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.

    The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

    Shareholding Structure

    Pre IPO

    • Promoter and Promoter Group93.04%
    • Public6.96%

    Post IPO

    • Promoter and Promoter Group68.03%
    • Public31.97%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group93.04%68.03%
    Public6.96%31.97%
    Total100%100%

    Company Promoters: Sriram Natarajan, Sangeetha Sriram and Gaurav Bali.

    Coreintegra Consulting IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Subscription Status

    CategorySubscription (x)Shares OfferedShares bid forTotal Applications
    QIB (Ex Anchor)1.052,67,2002,80,0001
    NII *1.4612,03,20017,53,6000
    bNII (> ₹10L)1.128,01,6008,96,000—
    sNII (< ₹10L)2.144,01,6008,57,600—
    Individual Investor1.4212,06,40017,15,200536
    Total1.4026,76,80037,48,800657

    The Coreintegra Consulting IPO is subscribed 1.40 times on September 25, 2026 6:54:02 PM (Day 3). The public issue subscribed 1.42 times in the individual investors category, 1.05 times in the QIB category, and 1.46 times in the NII category. Check Day by Day Subscription Details (Live Status)

    Reload

    Total Applications: 657

    *Market Maker portion is not included to NII/HNI.

    IPO Expenses

    #Issue ExpensesEst Amt (₹ Cr.)
    1Book Running Lead Manager fees [including underwriting] as applicable1.10
    2Brokerage, selling commission and other uploading fees0.20
    3Fees payable to Registrar to the Offer0.02
    4Fees to the legal advisor, audit / chartered accountant fees0.20
    5Advertising and marketing Expenses0.50
    6Printing and distribution expenses0.01
    7Miscellaneous including fees payable to Stock Exchange, Depository, market research firms and other professional agencies0.20
    Total2.22

    IPO Registrar

    Purva Sharegistry (India) Pvt.Ltd.

    022-41343255

    newissue@purvashare.com

    IPO Lead Manager(s)

    Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.

    Contact Details

    Coreintegra Consulting Services Ltd. Address

    Vinmar House

    A-41 MIDC Road No 2

    Marol, Andheri (East)

    Mumbai, Maharashtra , 400093

    022-69034100

    contact@coreintegra.com

    FAQ

    Coreintegra Consulting Services: common questions

    Answered from this issue's own record.

    The Coreintegra Consulting Services SME IPO is priced at ₹78 per share, for an issue size of ₹20.88 crore.

    The issue opens on 23 Sept 2026 and closes on 25 Sept 2026, with listing expected on 30 Sept 2026.

    One lot is 1600 shares, and applications must be in multiples of a lot. At the upper band that is ₹1,24,800 for one lot.

    Latest recorded subscription: QIB 1.05x, NII 1.46x, retail 1.42x (as of 11 Nov 2026).

    Coreintegra Consulting Services listed at ₹78 on 30 Sept 2026. That was a gain of 0.13% against the issue price.