Core4 Engineers IPO Day 1: Subscription Opens Today, 23 October 2026
- October 23, 2026
- Posted by: Harsh Piplani
- Category: IPO
Core4 Engineers IPO opens today, 23 Oct 2026, closes 27 Oct. Price band Rs 88-93. Lot size 1,200 shares. Lists on BSE SME on 30 Oct.
Quick Answer
The Core4 Engineers IPO opens for subscription today, 23 October 2026, and will remain open until 27 October 2026. Core4 Engineers Limited is a Mysuru-based EPCC company in railway electrification and power transmission, and is raising about Rs 54.82 crore entirely through a fresh issue. The price band is set at Rs 88 to Rs 93 per share, with a lot size of 1,200 shares, and the shares are proposed to list on the BSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.
Core4 Engineers Limited, a Mysuru-based engineering, procurement, construction and commissioning company incorporated in June 2014, has opened its IPO for subscription today, 23 October 2026. The Core4 Engineers IPO is a book built SME issue of 58,94,400 equity shares worth about Rs 54.82 crore at the upper band of Rs 93, with no offer for sale component. Bidding remains open until 27 October 2026, and the shares are proposed to list on the BSE SME platform.
The company works across railway electrification, EHT transmission and distribution up to 220 kV, water and wastewater treatment, automation and SCADA systems, and makes HT and LT distribution panels in house. Of the total issue, 7,20,000 shares are set aside for the market maker. Proceeds are earmarked for incremental working capital of about Rs 40.48 crore, capex of about Rs 4.12 crore on land and a building for a new facility, and general corporate purposes.
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Core4 Engineers IPO Details
The table below sets out the key parameters of the Core4 Engineers IPO, including the price band, lot size and important dates.
| Open Date | 23 October 2026 |
| Close Date | 27 October 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 88 to Rs 93 per share |
| Lot Size | 1,200 shares (minimum application 2,400 shares) |
| Issue Size | About Rs 54.82 crore (entirely fresh issue) |
| Issue Type | Book Built Issue, SME |
| Listing At | BSE SME |
| Allotment Date | 28 October 2026 |
| Listing Date | 30 October 2026 |
Core4 Engineers IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum application | Rs 2,23,200 (2 lots, 2,400 shares, at the upper band) |
| Small HNI range | 3 to 8 lots (Rs 3,34,800 to Rs 8,92,800) |
| Big HNI minimum | 9 lots, 10,800 shares (Rs 10,04,400) |
| Promoter holding | 82.09 percent before the issue, 58.69 percent after |
| Market maker portion | 7,20,000 shares |
| Registrar | Purva Sharegistry (India) Pvt Ltd |
| Lead Manager | Socradamus Capital Pvt Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Core4 Engineers IPO Share Reservation
The issue offers not more than 50 percent of the net offer to qualified institutional buyers, not less than 15 percent to non-institutional investors and not less than 35 percent to retail investors. Retail bidders must apply for a minimum of 2 lots, or 2,400 shares.
Core4 Engineers IPO Subscription Status Day 1
Bidding for the issue has opened today, 23 October 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids in SME issues can arrive at any point through the bidding window.
| Investor Category | Subscription Status, Day 1 (23 Oct) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Core4 Engineers IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 88 to Rs 93 band, with a minimum application of 2,400 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 27 October.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Core4 Engineers Limited
Core4 Engineers Limited, incorporated in June 2014 and based in Mysuru, Karnataka, is an EPCC company serving railway electrification, power transmission and distribution, water treatment and automation projects, with in house panel manufacturing. Total income was Rs 33.63 crore in FY24, Rs 34.60 crore in FY25 and Rs 91.79 crore in FY26, while profit after tax rose from Rs 2.89 crore to Rs 3.81 crore and Rs 12.37 crore. For the quarter ended June 2026, total income was Rs 45.77 crore and profit after tax Rs 6.17 crore. Borrowings stood at Rs 40.57 crore as of 30 June 2026. Promoters hold 82.09 percent before the issue and 58.69 percent after it.
Conclusion
The issue has opened for bidding today, 23 October 2026, offering SME exposure to an EPCC contractor with sharply higher FY26 revenue and profit. Investors considering the issue should weigh the Rs 2,23,200 minimum application, the rising borrowings, the concentration of work in a few states and SME liquidity, read the RHP on bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Core4 Engineers IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 23 October 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live numbers on BSE as the day progresses.
When does the Core4 Engineers IPO open and close?
Ans. The issue opened for subscription today, 23 October 2026, and will close on 27 October 2026.
What is the Core4 Engineers IPO price band and lot size?
Ans. The issue price band is Rs 88 to Rs 93 per share, with a lot size of 1,200 shares. The minimum application is 2 lots, or 2,400 shares, which is about Rs 2,23,200 at the upper price band.
What is the issue size and structure of the Core4 Engineers IPO?
Ans. The issue is entirely a fresh issue of 58,94,400 equity shares worth about Rs 54.82 crore at the upper band, including 7,20,000 shares reserved for the market maker, with no offer for sale component.
What is the Core4 Engineers IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Core4 Engineers IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 88 to Rs 93 band, with a minimum application of 2,400 shares, then approving the UPI mandate before the daily cut off.
When will the Core4 Engineers IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 28 October 2026, and the shares are tentatively scheduled to list on the BSE SME platform on 30 October 2026.
What does Core4 Engineers Limited do?
Ans. Core4 Engineers Limited is a Mysuru-based EPCC company working in railway electrification, EHT transmission and distribution, water and wastewater treatment and automation, with in house HT and LT panel manufacturing.
How will Core4 Engineers use the IPO proceeds?
Ans. Core4 Engineers plans to use about Rs 40.48 crore for incremental working capital and about Rs 4.12 crore for land and a building for a new manufacturing facility and corporate office, with the remainder for general corporate purposes.
Who are the registrar and lead manager for the Core4 Engineers IPO?
Ans. Purva Sharegistry (India) Pvt Ltd is the registrar for the issue, Socradamus Capital Pvt Ltd is the book running lead manager, and Mansi Share and Stock Broking Pvt Ltd is the market maker.
