SME
IPO ·
NSE Emerge
Coreintegra Consulting Services Ltd
Listed
HR services firm providing staffing, payroll outsourcing, labour-law compliance and HR-tech platforms.
Issue details
Price band
₹74 – ₹78
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,49,600
Issue size
₹21.99 Cr
Fresh issue
₹21.99 Cr
Offer for sale
—
Issue type
Book Built
Exchange
NSE Emerge
Key dates
Opens
23 Sep 2026
Closes
25 Sep 2026
UPI mandate cut-off
5:00 PM on 25 Sep 2026
Allotment
28 Sep 2026
Refunds
29 Sep 2026
Shares in demat
29 Sep 2026
Listing
30 Sep 2026
Subscription and listing
Subscription
1.39x
Listing price
₹78.10
Registrar
Purva Sharegistry (India) Pvt Ltd
Lead manager
Marwadi Chandarana Intermediaries Brokers Pvt Ltd
Subscription by category
Total
1.39x
Total applications
651
Listing day
Issue price
₹78
Open
₹78.10
High
₹79.50
Low
₹74.20
Day close
₹78.90
Listing gain at open
+0.13%
Issue structure
Shares reserved per category and share of the total issue
QIB
2,67,200
9.48%
NII
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
28,19,200
100.00%
Finaccle’s quick read
Avoid
PAT moved from ₹4.94 Cr in FY24 to ₹3.46 Cr and ₹4.51 Cr despite income rising to ₹516.30 Cr, giving a PAT margin of 0.87%, with post-issue P/E of 18.14.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Coreintegra Consulting Services is an HR solutions company offering staffing, payroll outsourcing, labour law compliance, HR advisory and vendor management, supported by its own HR-Tech and Reg-Tech platforms. It serves over 600 clients across 30-plus industries through 7 branches covering 23 states and 4 union territories. Being largely a staffing business, it carries a large headcount of 12,166 and FY26 income of about ₹516 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
17.94%
ROCE
20.19%
Debt / equity
—
PAT margin
0.87%
P/E post issue
18.14
Market cap
₹81.80 Cr
Use of IPO money
IT infrastructure upgrade (capex)
₹11.76 Cr
Augmenting leadership team
₹5.75 Cr
Brand visibility and awareness
₹0.50 Cr
General corporate purposes
₹1.76 Cr
Issue expenses
₹2.22 Cr
Strengths
✓
Diversified base of over 600 clients in 30-plus industries
✓
Own HR-Tech and Reg-Tech platforms
✓
Pan-India reach across 23 states
✓
Recurring revenue from long-term client contracts
✓
Entire issue is fresh capital
Risks to watch
!
Very thin PAT margin of 0.87% and EBITDA margin of 1.17%
!
PAT fell in FY25 and FY26 PAT is below FY24
!
Low-margin staffing model sensitive to wage costs
!
Large part of proceeds goes to IT and leadership hiring, not revenue assets
!
Post-issue P/E of 18.14 for a thin-margin business
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.