Coreintegra Consulting Services Limited IPO
Listed 30 Sept 2026, 1.40× subscribed, on the SME platform.
Dates
Issuer's timetable, IST.
- 23 SeptBidding opens
- 25 SeptBidding closesRetail UPI mandates by 5 pm IST
- TBAAllotment
- 30 SeptListingSME platform
- 23 SeptBidding opens
- 25 SeptBidding closesRetail UPI mandates by 5 pm IST
- Date TBAAllotment
- 30 SeptListingSME platform
Demand and allotment odds
Times subscribed by investor category, one shared scale
- InstitutionsQIB1.05×
- Non-institutionalNII1.46×
- Above ₹10 lakhbNII1.12×
- ₹2–10 lakhsNII2.14×
- RetailRII1.42×
Max 2.1×; tick = 1× (fully subscribed). 657 applications.
How this is worked out
Retail is 1.42× subscribed. Allotment is a lottery on the minimum application, so roughly 1 in 1.4 applications gets one. Bidding for extra lots does not improve these odds.
How this is worked out
HNI is 1.46× subscribed. This category is allotted proportionately, so a bid receives roughly 1/1.5 of the shares applied for, subject to the minimum-lot draw.
From SEBI allotment rules. Retail is a lottery on the minimum (2 lots); more lots do not raise the odds.
The offering
Terms, and valuation at the upper band.
Terms
- Price band
- ₹74 – ₹78
- Final issue price
- ₹78
- Face value
- —
- Lot size
- —
- Minimum application
- ₹2,49,6002 lots at the upper band
- Total issue size
- —
- Anchor investors
- —
- Registrar
- —
- Lead managers
- —
- ISIN
- INE11ES01010
Company and valuation
- P/E at upper band
- —
- ROE, latest period
- 17.94%
- ROCE, latest period
- 20.19%
- PAT Margin, latest period
- 0.87%
- EBITDA Margin, latest period
- 1.17%
- NAV, latest period
- 35.74
- P/B (x), latest period
- 0.01
“Latest period” rows can be a part year, so ratios there may read low.
Who gets what
Split by investor category, and minimum bids.
- QIB9.5%
- NII (HNI)42.7%
- Retail42.8%
- Market Maker5.1%
| Category | Shares | Share of issue |
|---|---|---|
| QIB | 2,67,200 | 9.48% |
| NII (HNI) | 12,03,200 | 42.68% |
| bNII > ₹10L | 8,01,600 | 28.43% |
| sNII < ₹10L | 4,01,600 | 14.25% |
| Retail | 12,06,400 | 42.79% |
| Market Maker | 1,42,400 | 5.05% |
Total issue 28,19,200 shares. Indented rows sit inside the row above.
What each category may bid
- Individual investors (IND) (Min)
- ₹2,49,6002 lots, 3,200 shares
- Individual investors (IND) (Max)
- ₹2,49,6002 lots, 3,200 shares
- S-HNI (Min)
- ₹3,74,4003 lots, 4,800 shares
- S-HNI (Max)
- ₹9,98,4008 lots, 12,800 shares
- B-HNI (Min)
- ₹11,23,2009 lots, 14,400 shares
Small-HNI minimum is several lots, not one.
What the money is for
Stated use of net proceeds, ₹ Cr.
- CapexCapital expenditure towards upgrading the existing IT infrastructure₹11.76 Cr
- Augmenting Leadership Team for…Augmenting Leadership Team for the Company₹5.75 Cr
- Enhancing the visibility and a…Enhancing the visibility and awareness of our brand₹0.50 Cr
- General purposesGeneral corporate purposes—
Unstated amounts (general purposes) mean the rows do not sum to the issue.
Financials
Restated, ₹ crore.
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2024 | 366.373 | — | 4.936 | — | — |
| 2025 | 402.609 | — | 3.461 | — | — |
| 2026 | 515.148 | — | 4.511 | — | — |
— = not printed.
How the issuer compares
Peers named by the issuer itself.
| Company | EPS (₹) | P/E | NAV (₹) | RoNW |
|---|---|---|---|---|
| Coreintegra Consulting Services Limitedthis issue | — | — | — | — |
| Team Lease Services Limited | 83.30 | 14.7× | 622.10 | 13.55% |
| Quess Corp Limited | 14.85 | 23.1× | 78.11 | 19.05% |
The offer document prints no P/E for the issuer; figures are pre-listing.
Risks worth reading
Ranked by severity.
mediumOur top five customers contribute approximately 89.31%, 88.04% and 90.16% of our revenues for the financial years ended March 31, 2026, March 31, 2025 and March 31, 2024 respectively. Any loss of business from one or more of them may adversely affect our revenues and profitability.
mediumThere are outstanding legal proceedings involving our Company, Group Company, Promoters, Directors and KMP and SMP. Disciplinary actions by Statutory Tax or Stock Regulatory Authorities have resulted in aggregate amounts claimed of ₹1,172.69 lakhs against the Company.
mediumSecurity breaches, any disruption to our information technology or cyberattacks could result in liabilities, damage to our reputation and an adverse impact on our financial condition, results of operations and cash flows.
As on the date of this Red Herring Prospectus, there are no outstanding criminal proceedings against the Company. There are no outstanding criminal proceedings initiated by the Company. There are no outstanding actions by statutory or regulatory authorities. There are no claims related to direct or indirect tax liabilities.
What happened to comparable issues
Last 8 listings, most comparable first. Context, not a forecast.
| Issue | Subscribed | Listing gain | Listing gain bar |
|---|---|---|---|
| Vedant Poly Fabs Limited | 1.9× | unchanged 0.0% | |
| Maxwell Engineering Solutions Limited | 491× | up +90.0% | |
| HGS (India) Limited | 231× | up +33.3% | |
| Ravita Engineering Services Limited | 6.7× | unchanged 0.0% | |
| Vaibhav Vyapaar Limited | 3.1× | down minus 2.0% | |
| R.K. Fashion Accessories Limited | 2.6× | down minus 2.4% | |
| Eventions Limited | 2.3× | down minus 5.9% | |
| Papadmalji Agro Foods Limited | 2.5× | up +0.4% |
Different companies at different prices. Bars share one scale (full = 90%).
Offer documents
Primary sources.
- RHP23 Sept 2026AnalysisPDF (opens SEBI site in a new tab)
Common questions
How many times is the Coreintegra Consulting Services Limited IPO subscribed?
Coreintegra Consulting Services Limited is subscribed 1.40× overall (QIB 1.05×, NII 1.46×, retail 1.42×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
What are the chances of allotment in the Coreintegra Consulting Services Limited IPO?
The retail portion is subscribed 1.42×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 1. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Source: offer document, NSE and BSE bidding data; allotment basis from the registrar. Grey-market premium is unofficial. For information only, not investment advice: consult a SEBI-registered adviser before applying.