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InvestmentsIPOCoreintegra Consulting Services IPO

Coreintegra Consulting Services IPO

SME

Open Date

23 Sep 2026

Close Date

25 Sep 2026

Min Investment

₹ 2,36,800

Lot Size

1,600

Issue Size

₹ 21.99 Cr

Price Range

₹ 74 - ₹ 78

Subscribed

1.44 x
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
23 Sep 2026
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IPO Offer Ends
25 Sep 2026
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Allotment Finalisation
28 Sep 2026
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Refund Initialisation
29 Sep 2026
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Non-Institutional Buyers (sHNI)
29 Sep 2026
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Listing of Shares
30 Sep 2026
IPO Subscription Details as on 24 Oct 2026, 07:14 PM
Qualified Instituational Buyers (QiB)
1.05 x
Retail
1.4 x
Total
1.44 x
Non-Institutional Buyer (bHNI)
1.3 x
Non-Institutional Buyer (sHNI)
2.11 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Core Integra Consulting Services Limited is one of the few integrated HR solutions providers in India, offering staffing, payroll outsourcing, labour law compliance, and proprietary HR-Tech solutions under a single umbrella. The company operates across five key verticals — HR Services, Vendor Management Services, Compliance & Advisory, Reg Tech, and HR Tech Solutions — serving 600+ clients across 30+ industries in 23 states and 4 union territories. Its proprietary platforms (CoreX, Core Pay, Ctrl-F, and Core PFT) enable end-to-end digitization of HR and compliance functions via a SaaS model. For FY2024–FY2026, the company reported a revenue CAGR of 18.58%, reaching ₹51,514.78 lakhs in FY2026, and holds ISO/IEC 27001:2022 and ISO 9001:2015 certifications.
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Founded In

2009

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Director

Sriram Natarajan

Financials of Coreintegra Consulting Services IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue366.37402.61515.15
Other Income2.071.781.15
Total Income
368.44404.39516.30
Total Expenses
362.46400.23511.04
Profit Before Tax5.984.164.70
Total Profit
4.943.464.51

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to upgrade its IT infrastructure by launching CTRL F version 3.0 with advanced AI-based OCR, real-time HRMS/ERP integration, enhanced cybersecurity, and expanded AWS deployment to improve scalability, reliability, and compliance automation across approximately lakhs of formats.12
The company plans to onboard senior professionals across key functions such as regulatory compliance, digital transformation, quality, legal, marketing, and operational excellence to accelerate market entry, deepen enterprise client engagement, and strengthen service delivery.6
The company intends to invest in digital marketing, PR & media outreach, thought leadership, content marketing, and customer engagement programs to strengthen brand presence, expand market reach, and position itself as a trusted technology-driven compliance partner.1
The company intends to utilize the balance Net Proceeds for general corporate purposes including initial development costs for new products, meeting operating expenses, strengthening business development and marketing capabilities, and meeting unforeseen exigencies, subject to a cap of 15% of Gross Proceeds or a specified lakhs amount, whichever is lower.-
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  • Technology Platforms Built In-House Covering All Aspects of the Human Resource Value Chain: The company has developed four proprietary digital platforms — Ctrl-F, CoreX, Core PFT, and Core Pay — since Fiscal 2015, with 4 registered copyrights in India; EBITDA grew at a CAGR of 18.58% from Fiscal 2024 to Fiscal 2026, supported by a 30-member IT team maintaining these platforms.
  • Deep Domain Expertise Delivered Through Comprehensive Solutions Across Industries: The company is served across more than 30 industries including IT/ITES, Infra, Power, Banking, Manufacturing, and others, with IT/ITES contributing 55.31% (₹28,494.49 Lakhs) and Infra contributing 35.59% (₹18,335.70 Lakhs) to revenue from operations in Fiscal 2026.
  • Wide Geographic Presence with Efficient Labour Law Compliance Capabilities: The company has established a presence across 23 states and 4 union territories in India, serving clients at more than 1,500 locations through 7 branch offices, with Maharashtra contributing 87.97% (₹45,317.57 Lakhs) of revenue from operations in Fiscal 2026.
  • Established Long-Term Relationships with Clients Leading to Recurring Business: The company has served 385, 374, and 288 customers in Fiscals 2026, 2025, and 2024 respectively; the top 10 clients contributed 92.35% (₹47,575.69 Lakhs) of revenue in Fiscal 2026, with the top customer alone accounting for 53.01% (₹27,310.06 Lakhs), and average contract duration of 1 to 3 years.
  • Experience of Promoters and Management Team: The company is led by promoters Sriram Natarajan, Sangeetha Sriram, and Gaurav Bali, along with Managing Director Mahesh Krishnamoorthy who has two decades of finance and business strategy experience; the senior management team collectively holds an average experience of over 5 decades in human resource services, as of March 31, 2026.
  • Track Record of High Quality and Efficient Service Delivery: The company is ISO/IEC 27001:2022 and ISO 9001:2015 certified and holds the 'Safe to Host / Web Clearance Security Certificate' from Bharat Cyber Solutions; it has received awards including 'Most Innovative HR Tech Award' and 'Best HR Compliance Software' at international forums.

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