Coreintegra Consulting Services IPO
Upcoming SMEAlready have an account? Apply now
Coreintegra Consulting Services IPO details
Schedule of Coreintegra Consulting Services
| Issue open date | 23 Sep 2026 |
| Issue close date | 25 Sep 2026 |
| UPI mandate deadline | 25 Sep 2026 (5 PM) |
| Allotment finalization | 28 Sep 2026 |
| Refund initiation | 29 Sep 2026 |
| Share credit | 29 Sep 2026 |
| Listing date | 30 Sep 2026 |
| Mandate end date | 10 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 27 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 26 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Coreintegra Consulting Services
Coreintegra Consulting Services is a comprehensive human resource solutions provider offering end-to-end services tailored to meet the evolving needs of businesses across diverse industries. The company’s service offerings include HR Services, Vendor Management, Compliance and Advisory, HR Tech Solutions, Professional Fees, and Reg Tech Solutions. It relies on its proprietary technology for business operations, including platforms such as Core X, Core Pay, Ctrl F, and Core PFT. Ctrl F is a cloud-based compliance management platform designed to simplify and streamline the management of labor laws, rules, minimum wages, and related communications through a unified dashboard for real-time monitoring. The company has developed a presence in twenty-three states and four union territories in India, serving clients in more than 1,500 locations. It generates revenue by providing professional staffing, value staffing, and comprehensive business services primarily to clients in the information technology and infrastructure industries.
Financials of Coreintegra Consulting Services
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 21.99 |
| Fresh Issue – Proceeds go to the company | 21.99 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Augmenting Leadership Team for the Company |
5.75 (26.15%) |
| Enhancing the visibility and awareness of the brand | 0.5 (2.27%) |
| Capital expenditure towards upgrading the existing IT infrastructure | 11.76 (53.48%) |
| General Corporate Purposes | 3.98 (18.10%) |
Strengths
- Proprietary HR and RegTech platforms like Ctrl F drive core automation.
- Wide footprint spanning 23 states and 1,500+ client locations.
- Long-standing relationships with major IT and infrastructure clients.
- Strong client retention rate exceeding 90% in recent fiscal years.
- Planned IT infrastructure upgrades to enhance platform scalability.
Risks
- High customer concentration with top 5 clients contributing ~89% of revenue.
- Reliance on uninterrupted performance of proprietary software platforms.
- Potential failure to attract or retain critical leadership personnel.
- Brand promotional expenses may not translate into expected business growth.
- Past delays in statutory compliance filings could attract financial penalties.