Core4 Engineers IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: October 21, 2026

Core4 Engineers Limited, an established player in the Indian infrastructure and engineering sector, is gearing up to make its primary market debut with an upcoming ₹54.82 Crore SME IPO. Operating as an integrated EPCC (Engineering, Procurement, Construction, and Commissioning) provider, the business focuses on executing complex projects across railway electrification, power transmission and distribution, water treatment, and automation. The company executes significant public and private infrastructure contracts, uniquely supported by its in-house manufacturing capabilities for high-quality HT and LT electrical panels in Karnataka. The subscription window for this book-built issue opens on October 23, 2026, and closes on October 27, 2026. The price band is set between ₹88 to ₹93 per equity share. The ₹54.82 Crore offering is structured entirely as a 100% Fresh Issue (58.94 Lakh shares), with absolutely no Offer for Sale (OFS) component. Retail investors must apply for a minimum of 2 lots (2,400 shares), requiring an investment of ₹2,23,200 at the upper price band. The company plans to utilize the fresh capital primarily to fund capital expenditure for a new manufacturing facility and corporate office, alongside meeting incremental working capital requirements and general corporate purposes. Set to list on the BSE SME platform, market participants are closely watching this execution-focused engineering enterprise as it rapidly scales its order book. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!

Core4 Engineers Limited is an integrated EPCC (Engineering, Procurement, Construction, and Commissioning) firm that provides comprehensive infrastructure solutions across critical public and private sectors. Headquartered in Mysuru, Karnataka, the company manages the full lifecycle of complex infrastructure projects from initial design and sourcing to final commissioning.

The company's core operations are defined by the following key divisions:

• Railway & Power Infrastructure: The company executes large-scale turnkey contracts in railway electrification, railway infrastructure, and Extra High Tension (EHT) power transmission and distribution (up to 220 kV).
• Water Treatment & Automation: The firm actively executes EPCC projects for municipal water and wastewater treatment systems, alongside deploying advanced PLC-based automation and SCADA monitoring systems for infrastructure networks.
• In-House Panel Manufacturing: A major competitive advantage is its captive manufacturing facility in Karnataka. Core4 Engineers produces high-quality HT (High Tension) and LT (Low Tension) electrical panels—including PCC, MCC, and APFC automation panels—which directly feed its internal EPC sites to improve cost efficiency.
• Stringent Quality Control: The company conducts rigorous CPRI-approved in-house testing for all its electrical products. This ensures compliance with statutory norms, eliminates reliance on external vendors, and actively protects their operating margins.

The ₹54.82 Crore Core4 Engineers IPO is structured entirely as a 100% Fresh Issue, meaning the company will directly receive all net proceeds with absolutely no secondary promoter stake sales (Offer for Sale).

Based on the official filings, these fresh funds will be strategically deployed to support their expanding infrastructure order book through the following primary objectives:

• Incremental Working Capital (₹40.48 Crore): As an EPCC contractor handling large government and regional utility contracts, the company carries substantial working capital burdens until public project handovers clear. The vast majority of the fresh funds will aggressively finance these working capital requirements to ensure smooth, delay-free project execution.
• Strategic Capital Expenditure (₹4.12 Crore): A dedicated tranche is earmarked for the direct acquisition of a property (comprising land and an existing building) to establish and operate a new, upgraded manufacturing unit and a centralized corporate office.
• General Corporate Purposes: The remaining balance of the issue proceeds will be retained to fund ongoing business operations, pursue asset-based infrastructure development, and cover standard issue-related expenses.