Summary
Coreintegra Consulting Services is a Mumbai-based integrated HR solutions provider launching its ₹21.99 crore IPO from 23rd to 25th September 2026.
The IPO is entirely a fresh issue, with no offer for sale, and the shares are proposed to list on the NSE SME on 30th September 2026.
The price band is ₹74–78 per share, with a lot size of 1,600 shares and a minimum investment of ₹2,49,600.
Coreintegra Consulting Services IPO is a ₹21.99 crore SME book-building issue carrying a face value of ₹10 per share. Subscription runs from 23 September to 25 September 2026, with the price band fixed between ₹74 and ₹78 per share. The issue is entirely a fresh issue, with no offer for sale, and each lot contains 1,600 shares.
Individual investors need a minimum of ₹2,49,600 to apply for the smallest permitted bid of two lots, or 3,200 shares, at the upper price band. The minimum application for S-HNI investors is 3 lots, or 4,800 shares, requiring ₹3,74,400, while B-HNI investors can apply from 9 lots, or 14,400 shares, for ₹11,23,200. The allotment is expected on 28 September 2026, and the shares are scheduled to make their tentative debut on NSE SME on 30 September 2026.
Coreintegra Consulting Services IPO Key Details
Here’s a quick snapshot of the numbers investors will want on hand before applying.
| IPO Open Date | 23 September 2026 |
| Close Date | 25 September 2026 |
| Face value | ₹10 per share |
| Price Band | ₹74 to ₹78 |
| IPO Lot Size | 1,600 Shares |
| Fresh issue | ₹22.00 crore approx |
| Offer for Sale | Not Applicable |
| Type of issue | Book-building (SME) |
| Listing at | NSE SME |
| Total Issue Size (₹ Crore) | ₹21.99 cr approx |
| Minimum Investment | ₹2,49,600 (2 lots / 3,200 shares) |
Coreintegra Consulting Services IPO Timeline
These are the major dates to keep in mind during the IPO, including bidding, allotment, refunds, and listing.
| Bid Opening | 23 September 2026 |
| Bid Closing | 25 September 2026 |
| Tentative Allotment | 28 September 2026 |
| Initiation of Refunds | 29 September 2026 |
| Credit of Shares to Demat | 29 September 2026 |
| Tentative Listing Date | 30 September 2026 |
| UPI Mandate Closing Date | 25 September 2026 |
Key Performance Indicators of Coreintegra Consulting Services Ltd.
Said figures show the company’s core profitability and return ratios for the last three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (% before exceptional item) | 17.94 | 16.35 | 29.09 |
| ROCE (%) | 20.19 | 18.68 | 32.37 |
| Debt Equity (in times) | — | — | — |
| RoNW (%) | 16.46 | 15.12 | 25.40 |
| PAT Margin (% before exceptional item) | 0.87 | 0.86 | 1.34 |
| EBITDA margin (%) | 1.17 | 1.04 | 1.59 |
Coreintegra Consulting Services Ltd. Financial Details
A three-year snapshot of the company’s top-line, balance sheet and bottom-line numbers.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 516.30 | 404.39 | 368.44 |
| Total Asset | 68.51 | 56.80 | 49.96 |
| Profit | 4.51 | 3.46 | 4.94 |
Coreintegra Consulting Services IPO Subscription Status
| Date | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Sep 23 (Day 1) | 1.05 | 0.02 | 0.00 | 0.07 | 0.06 | 0.14 |
Coreintegra Consulting Services IPO Grey Market Premium (GMP)
The Coreintegra Consulting Services IPO GMP is currently reported at ₹0 as of 21 September 2026. With the price band fixed at ₹74 to ₹78 per share, the latest GMP indicates no premium over the upper price band. The grey market activity has not shown any significant premium so far, and the figure may change as the IPO opening date approaches.
| GMP Date | GMP | Est. Listing Price on upper price-₹78.00 | Est. Profit* | Trend |
|---|---|---|---|---|
| 23-Sep 21:37 Sub: 0.14x O | ₹0 (0.00%) ─ | ₹78 | ₹0 | Initial |
**GMP represents the premium at which IPO shares are reportedly traded in the unofficial grey market before their stock market listing.
Coreintegra Consulting Services IPO Reservation
The net offer of this issue is split across investor categories, alongside the firm allotment carved out for the market maker.
| Investor Category | Offered No. of Shares |
| QIBs | 9.98% of the Net Issue |
| NIIs | 44.95% of the Net Issue |
| Retails | 45.07% of the Net Issue |
| Total | 100% of the Net Issue |
Coreintegra Consulting Services IPO Prospectus
Investors can refer to the documents below for details about the Coreintegra Consulting Services IPO.
About Coreintegra Consulting Services Ltd.
Coreintegra started out in 2009 and became public in 2024. It’s an integrated HR solutions provider offering staffing, payroll, labour-law compliance and advisory, layered with in-house tech platforms that automate compliance and workforce management. HR Services and Vendor Management together drive roughly 95% of revenue. The company serves 600+ clients across 30+ industries from seven branch offices spanning 23 states, though its top five clients alone account for close to 90% of billings.
Promoters:
- Sriram Natarajan
- Sangeetha Sriram
- Gaurav Bali
| Book Runner | Marwadi Chandarana Intermediaries Brokers Private Limited |
| Issue Registrar | Purva Sharegistry (India) Private Limited |
Purpose of Coreintegra Consulting Services IPO
The company plans to direct the net proceeds from this issue in the following manner.
| Particulars | Estimated Amount in ₹ Crores |
| Augmenting the leadership team | 5.75 |
| Enhancing brand visibility and awareness | 0.50 |
| Capital expenditure towards upgrading existing IT infrastructure | 11.76 |
| General Corporate Purposes | — |
| Total | 18.01 |
Coreintegra Consulting Services Ltd. – Strengths and benefits
- In-house technology stack: The company uses four proprietary, copyrighted platforms, namely CoreX, Core Pay, Ctrl-F, and Core-PFT, for HR and compliance workflows. EBITDA recorded an 18.58% CAGR over FY24–26.
- Sticky, long-tenured clients: Some relationships run 9–10+ years, and every client contract up for renewal in FY26 was renewed or extended rather than lost.
- Wide operational footprint: Present across 23 states and 4 union territories, serving 1,500+ client locations through seven branch offices.
- Quality certifications: ISO/IEC 27001:2022 and ISO 9001:2015 certified, alongside industry recognition including a “Most Innovative HR Tech” award.
Coreintegra Consulting Services Ltd. – Risks and limitations
- Extreme client concentration: The top five clients contributed 89.31% of FY26 revenue, barely changed from 88–90% in the two years before that, so losing even one relationship would hit hard
- Sector dependence: Nearly 91% of FY26 revenue comes from just two client industries, IT/ITES and Infrastructure
- Wafer-thin margins: EBITDA margin sits at just 1.17% and PAT margin at 0.87% for FY26, typical of the staffing business model, but it leaves very little room for error
- Negative operating cash flow: FY26 saw operating cash flow turn negative at ₹(305.37) lakh, after positive readings the two years before.
Coreintegra Consulting Services IPO Review
The company is set to raise about ₹22 crore via the fresh issue, with the funds going primarily into IT infrastructure, recruitment of management staff, and branding. The company recorded growth in revenues in FY26; however, it recorded an operating profit margin of less than 1%. Some of the positives associated with the company include the absence of debts and existing client relationships. The company also has a lot of positives and negatives to consider, including high concentration of clients, sector dependence, low margins, and negative operating cash flow. The GMP is ₹0 on 21st Sept 2026.
Other recent IPO List
Explore the latest listing details of other active and upcoming public issues in India.
| Liqvd Digital India IPO | Sai Urja Indo Ventures IPO |
| Anand Seamless IPO | Armee Infotech IPO |
| Vivekanand Cotspin IPO | Varmora Granito IPO |
| SpectraA Technology Solutions IPO | Himalaya Nutravedics India IPO |
Coreintegra Consulting Services IPO FAQs
It’s an SME book-building issue worth ₹22 crore, entirely a fresh issue with no offer for sale. Shares are proposed to list on NSE SME (Emerge).
Apply through a stockbroker or IPO-enabled trading platform linked to your demat account, using UPI or ASBA to authorise the payment. Note that SME IPOs require a minimum of two lots per application.
There’s a case on both sides. In favour: no debt, decent return ratios, in-house tech platforms and long-tenured clients. Against it: extremely concentrated revenue, both by client and by sector and thin margins typical of the staffing business. How comfortable an investor is with that concentration will likely drive the decision here.
Bidding opens on 23 September 2026 and closes on 25 September 2026.
One lot is 1,600 shares, but the minimum application is 2 lots (3,200 shares), working out to ₹2,49,600 at the top of the price band.
Allotment is expected to be finalised on 28 September 2026, with refunds and demat credit following on 29 September 2026.
The IPO listing date is tentatively scheduled for 30 September 2026 on the NSE SME.
