Core4 Engineers IPO
Core4 Engineers IPO is an SME IPO raising ₹55 Cr at ₹88 – ₹93 a share. The smallest application you can make is 1200 shares, costing ₹1,11,600 at the top of the band. Bidding has closed; the shares list on 30 Oct 2026. So far it has been subscribed 4.54× in total.
4.5 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs93 + OFS by subtraction from exchange total Rs55 Cr. Checked: exchange issue size Rs55 Cr vs derived Rs55 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 180% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| K2 Infragen Limited | 3.97× | 14.83% | ₹10.53 |
| This issue | 11.1× | 39.81% | ₹8.36 |
derived: cut-off price Rs93 / stated EPS Rs8.36 (FY2026 (year ended March 31, 2026) Diluted EPS, restated consolidated, after considering bonus issue). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.