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Coreintegra Consulting Services IPO: Comprehensive Analysis & Details
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Coreintegra Consulting Services IPO: In-Depth Analysis, Dates, and Review

The human resource technology landscape is evolving rapidly, and companies blending tech innovations with solid HR operations are gaining significant market traction. Coreintegra Consulting Services Ltd. is stepping into the public market with its highly anticipated SME IPO. Designed to raise capital for upgrading technology and expanding leadership, this Book Build issue presents an interesting opportunity for institutional and retail investors alike.

In this comprehensive guide, we will break down the company’s core business, vital IPO metrics, detailed timelines, and financial health to help you make an informed decision.

What Does Coreintegra Consulting Services Do?

Established in 2009, Coreintegra Consulting Services Ltd. has positioned itself as an integrated human resource (HR) solutions provider. The company acts as a one-stop destination for modern enterprises looking to outsource and streamline their workforce management. They operate comprehensively across regulatory compliance, HR technology, and advisory domains.

Key Offerings & Platforms:

  • HR Tech Solutions: Deployment of proprietary software platforms such as CoreX and Core Pay to streamline day-to-day human resource management and payroll processing.
  • Reg Tech Solutions: Utilization of platforms like Ctrl-F and Core-PFT designed specifically to manage complex labor law compliances efficiently.
  • Staffing & Outsourcing: Extensive vendor management, just-in-time hiring, and full-scale payroll outsourcing.
  • Advisory Services: Specialized guidance in policy drafting, labor compliance, licensing, and general HR consulting.

The business boasts a robust geographic footprint. As of August 2026, Coreintegra caters to more than 600 clients spanning over 30 different industries. With a strong employee base of over 12,166 individuals and services extending across 23 states and 4 union territories, the company has cemented long-term relationships that drive recurring revenue.

Crucial IPO Dates & Timeline

Tracking the exact timeline is critical for successful bidding and capital allocation. Below is the scheduled trajectory for the Coreintegra Consulting IPO, spanning from the opening of subscriptions to the final market listing on the NSE SME board.

IPO Lifecycle Tracker
1
Issue Opens
Sep 23, 2026
2
Issue Closes
Sep 25, 2026
3
Allotment
Sep 28, 2026
4
Refunds/Credit
Sep 29, 2026
5
Listing Date
Sep 30, 2026

Coreintegra Consulting IPO Details

The company aims to raise up to ₹21.99 Crores entirely via a fresh issue of 28.19 lakh shares. There is no Offer for Sale (OFS) in this proposition, ensuring that the total funds raised will directly benefit the company's growth rather than providing an exit to existing promoters.

ParameterDetails
Issue TypeBook Built Issue (SME)
Total Issue Size28,19,200 shares (₹21.99 Cr)
Price Band₹74 to ₹78 per share
Face Value₹10 per equity share
Market Maker Allocation1,42,400 shares (₹1.11 Cr)
Listing ExchangeNSE SME

Investment Tiers and Lot Size

Retail and High Net Worth Individual (HNI) investors must adhere to specific lot size minimums to participate. The base lot contains 1,600 shares.

Investor CategoryMinimum LotsTotal SharesInvestment Amount (at ₹78)
Retail Individual (Min)1 Lot1,600 Shares₹1,24,800
HNI / NII (Min)2 Lots3,200 Shares₹2,49,600

Financial Health & Performance Matrix

A closer look at the company’s audited financials reveals a steady upward trajectory in total income and assets over the past three fiscal cycles. Between FY25 and FY26, the firm reported an impressive 28% surge in revenue coupled with a 30% jump in Profit After Tax (PAT).

Financial Metric (₹ in Crores)FY Ending Mar 31, 2026FY Ending Mar 31, 2025FY Ending Mar 31, 2024
Total Assets68.5156.8049.96
Total Income516.30404.39368.44
Profit After Tax (PAT)4.513.464.94
Net Worth27.4122.8919.43
Reserves and Surplus19.7422.8819.42

Valuation & Key Performance Indicators (KPIs)

To evaluate if the issue is priced reasonably, we examine the fundamental valuation multiples based on the upper price band.

IndicatorValue / Margin
Pre-IPO EPS₹5.88
Post-IPO EPS₹4.30
Pre-IPO P/E Ratio13.27x
Post-IPO P/E Ratio18.14x
Return on Equity (ROE)17.94%
Post-Issue Market Capitalization₹81.80 Crores

How Will the Funds Be Utilized?

Transparency regarding capital utilization is vital for investor confidence. Coreintegra plans to deploy the net proceeds toward the following strategic objectives:

  • IT Infrastructure Upgrade (₹11.76 Cr): A massive chunk is allocated for enhancing technology, upgrading servers, and strengthening proprietary software platforms like CoreX and Ctrl-F.
  • Leadership Expansion (₹5.75 Cr): Augmenting the upper management team to spearhead operational growth.
  • Brand Awareness (₹0.50 Cr): Expanding market visibility through strategic marketing initiatives.
  • General Corporate Purposes: Managing unforeseen operational needs and working capital.

SWOT Analysis: Coreintegra Consulting Services

Strengths

End-to-end proprietary HR-Tech and Reg-Tech platforms built in-house. Deep-rooted relationships providing recurring business across 30+ diverse industries.

Weaknesses

Operating margins are relatively thin (PAT Margin at 0.87%), likely due to the highly competitive pricing models required in staffing and outsourced HR solutions.

Opportunities

The rapid digital transformation in corporate HR practices provides a massive runway for their tech platforms. Funds raised for IT infrastructure can scale up automation capabilities rapidly.

Threats

Constant changes in labor laws require immediate software overhauls. Also, intense competition from global HR SaaS providers could squeeze future margins.

Promoters and Shareholding Pattern

The company is steered by experienced promoters: Sriram Natarajan, Sangeetha Sriram, and Gaurav Bali. The IPO will result in a dilution of promoter equity as public shareholders enter the cap table.

Shareholding CategoryPre-IPO AllocationPost-IPO Allocation
Promoters & Promoter Group93.04%68.03%
Public Shareholders6.96%31.97%

Conclusion

Coreintegra Consulting Services Ltd. provides a critical bridge between human capital management and technology. The decision to raise capital solely via a fresh issue to upgrade IT infrastructure aligns seamlessly with their identity as a tech-driven HR solution provider. While the gross revenue numbers are large, the relatively thin net profit margins dictate a careful evaluation for risk-averse investors. However, given the booming nature of the Reg-Tech and HR-Tech sectors, this IPO presents an intriguing long-term growth prospect for those with an appetite for the SME segment.

Management & Intermediary Details

Company Contacts:
Coreintegra Consulting Services Ltd.
Vinmar House, A-41 MIDC Road No 2, Marol, Andheri (East), Mumbai - 400093
Email: contact@coreintegra.com

Registrar to the Issue:
Purva Sharegistry (India) Pvt. Ltd.
Email: newissue@purvashare.com

Lead Manager:
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.