Coreintegra Consulting Services Ltd IPO
Miscellaneous
Price Band
₹74 – ₹78
Lot Size
1600
Minimum Bid Quantity
3200
Minimum Investment
₹249600
Issue Size
₹21.99Cr
Opens
2026-09-23
Closes
2026-09-25
Listing
30-09-2026
Subscription Status
Qualified Institutional Buyers
1.05 x
Non-Institutional Investor
1.41 x
Retail Individual Investor
1.42 x
Total
1.38 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE11ES01010
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Coreintegra Consulting Services Limited is a human resource (HR) solutions provider offering staffing, payroll outsourcing, labour law compliance, HR advisory and technology-based HR solutions. The company operates across five key verticals: HR services, vendor management services, compliance and advisory, reg tech, and HR tech solutions. Its services include recruitment, staffing, payroll processing, labour compliance, licences and registrations, policy drafting, just-in-time hiring, retainership and assurance services. The company also provides proprietary technology platforms, including CoreX and Core Pay under HR tech and Ctrl-F and Core-PFT under reg tech. These platforms are used for functions such as employee lifecycle management, competency evaluation, learning and upskilling, workforce engagement, and regulatory compliance. The company operates through seven branch offices and, during FY24-FY26, served more than 600 customers across over 30 industries, with a presence in 23 states and four Union Territories and services provided across more than 1,500 client locations. Use of proceeds: The IPO is a fresh issue of shares. The net proceeds will be utilised for the following purposes: Capital expenditure towards upgrading the existing IT infrastructure - Rs 11.76 crore Augmenting leadership team for the company - Rs 5.75 crore Enhancing the visibility and awareness of our brand- Rs 0.50 crore General corporate purposes
Pros
- • The company has developed four proprietary technology platforms in-house. This includes Ctrl-F for compliance management, CoreX for HR processes, Core PFT for provident fund trust operations and Core Pay for vendor management services. As of the RHP date, it had four copyrights registered in India for these platforms.
- • Coreintegra claims to have experience across over 30 industries, including IT/ITeS, infrastructure, banking, automotive, manufacturing, healthcare, logistics, and technology. This provides the company with exposure to different industry-specific HR and regulatory requirements.
- • The company claims to have a presence across 23 states and four Union Territories, serving clients at more than 1,500 locations. Its branch offices are spread across major cities in northern, western, southern, and eastern India.
Cons
- • The company’s top five customers contributed Rs 460.07 crore (89.31%), Rs 354.45 crore (88.04%), and Rs 330.31 crore (90.16%) of its revenue from operations in FY26, FY25, and FY24, respectively. If the company loses business from one or more of these customers, it could adversely affect the company’s revenue and profitability.
- • The company is significantly dependent on the IT/ITeS and infrastructure sectors, which together contributed 90.91%, 89.99%, and 90.38% of revenue from operations in FY26, FY25, and FY24, respectively. Revenue from these two sectors stood at Rs 468.30 crore in FY26, Rs 362.33 crore in FY25 and Rs 331.14 crore in FY24, respectively.
- • The company’s revenue is concentrated in HR Services and Vendor Management Services. Revenue from HR Services stood at Rs 325.67 crore (63.22%), Rs 274.59 crore (68.20%), and Rs 251.33 crore (68.60%), while revenue from Vendor Management Services stood at Rs 165.40 crore (32.11%), Rs 111.29 crore (27.64%), and Rs 103.57 crore (28.27%) in FY26, FY25, and FY24, respectively. A decline in revenue from any of these segments may adversely affect the company’s revenue, profitability, and cash flows.
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