Coreintegra Consulting Services Limited is an integrated human resource solutions provider offering a range of services for businesses across different industries. The company provides staffing, payroll outsourcing, labour law compliance, HR advisory, vendor management and other human resource-related services. It also operates technology platforms focused on HR-Tech and Reg-Tech solutions to support businesses with their workforce and compliance requirements.
The company provides services covering recruitment and staffing, payroll processing, labour law compliance, licences and registrations, policy drafting, retainership and assurance services. Its integrated approach allows clients to access multiple human resource and compliance solutions through a single service provider. The company serves businesses across various industries and has developed long-term relationships with several customers.
The Coreintegra Consulting Services IPO is a book-built SME issue of ₹21.99 crore comprising a fresh issue of 28,19,200 equity shares. The shares are proposed to be listed on the NSE SME platform. The IPO price band is fixed at ₹74 to ₹78 per share and the lot size is 1,600 shares. The issue is scheduled to open on 23 September 2026 and close on 25 September 2026.
For investors, the minimum application is 3,200 shares, or 2 lots, requiring an investment of ₹2,49,600 at the upper price band of ₹78 per share. The basis of allotment is scheduled for 28 September 2026, while refunds and credit of shares are expected on 29 September 2026. The shares are scheduled to be listed on 30 September 2026.
Table of Contents
IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | Coreintegra Consulting Services IPO |
| Company | Coreintegra Consulting Services Limited |
| IPO Type | SME IPO |
| Issue Type | Book Built Issue |
| Face Value | ₹10 per Equity Share |
| IPO Price Band | ₹74 to ₹78 per Equity Share |
| Total Issue Size | ₹21.99 Cr |
| Fresh Issue | 28,19,200 Equity Shares |
| Offer for Sale | Nil |
| Market Maker Portion | 1,42,400 Equity Shares |
| Net Issue | 26,76,800 Equity Shares |
| Listing At | NSE SME |
| Lot Size | 1,600 Shares |
| Minimum Application | 3,200 Shares (2 Lots) |
| Minimum Investment | ₹2,49,600 |
| Registrar | Purva Sharegistry (India) Pvt. Ltd. |
| Lead Manager | Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. |
The issue comprises 28,19,200 fresh equity shares. Of these, 1,42,400 shares are reserved for the market maker, leaving 26,76,800 shares as the net issue.
Coreintegra Consulting Services IPO Dates
| IPO Event | Date |
|---|---|
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| Basis of Allotment | 28 September 2026 |
| Initiation of Refunds | 29 September 2026 |
| Credit of Shares to Demat | 29 September 2026 |
| IPO Listing Date | 30 September 2026 |
The above IPO schedule is based on the currently published issue timetable.
Coreintegra Consulting Services IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 2,67,200 | 9.48% |
| Non-Institutional Investors (NII) | 12,03,200 | 42.68% |
| Retail Individual Investors | 12,06,400 | 42.79% |
| Market Maker | 1,42,400 | 5.05% |
| Total | 28,19,200 | 100% |
The reservation structure includes a separate market-maker portion, while the remaining public issue is allocated among QIB, NII and retail investors.
Coreintegra Consulting Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Individual (Minimum) | 2 | 3,200 | ₹2,49,600 |
| sHNI (Minimum) | 3 | 4,800 | ₹3,74,400 |
| sHNI (Maximum) | 8 | 12,800 | ₹9,98,400 |
| bHNI (Minimum) | 9 | 14,400 | ₹11,23,200 |
The minimum application for individual investors is 3,200 shares, equivalent to two lots at the upper price of ₹78.
About Coreintegra Consulting Services
Coreintegra Consulting Services Limited was incorporated in 2009 and provides integrated human resource and regulatory compliance solutions. Its service portfolio includes HR advisory, labour law compliance, staffing, payroll processing, manpower solutions and vendor management.
The company combines its domain expertise with technology platforms designed to digitize HR and compliance activities. Its technology stack includes platforms such as CoreX, Core Pay, Ctrl-F and Core-PFT, supporting workforce management, payroll and regulatory compliance functions.
Coreintegra serves customers across multiple industries and geographical locations. As of 31 August 2026, the company had approximately 12,166 employees, while its business network covered more than 1,500 client locations.
Business Operations
- HR Services: Staffing, manpower management and workforce solutions.
- Compliance & Advisory: Labour law compliance, advisory, registrations, licensing and policy support.
- Payroll Services: End-to-end payroll outsourcing and employee-related processes.
- Vendor Management: Technology-supported vendor and workforce management services.
- HR-Tech: Proprietary technology platforms for human resource management.
- Reg-Tech: Digital platforms supporting labour law and regulatory compliance.
Industry Overview
The company operates in the human resource services, staffing, payroll outsourcing and regulatory compliance segments. Increasing regulatory requirements, outsourcing of non-core HR functions and adoption of technology in workforce management provide opportunities for service providers operating across these areas.
Coreintegra’s combination of professional HR services and proprietary technology platforms enables it to address staffing, payroll, compliance and workforce-management requirements through an integrated service model.
Business Strategy
- Upgrade and expand the company’s IT infrastructure.
- Strengthen the leadership and management team.
- Increase brand visibility and market awareness.
- Expand technology-enabled HR and compliance solutions.
- Develop long-term customer relationships across industries and locations.
- Improve operational capabilities through technology adoption.
Coreintegra Consulting Services Financial Information
Coreintegra Consulting Services has reported growth in revenue in FY2026 compared with FY2025, while profitability also improved from the previous year. The company’s FY2026 total income was ₹516.30 crore and PAT was ₹4.51 crore.
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Assets | ₹49.96 Cr | ₹56.80 Cr | ₹68.51 Cr |
| Total Income | ₹368.44 Cr | ₹404.39 Cr | ₹516.30 Cr |
| Profit After Tax | ₹4.94 Cr | ₹3.46 Cr | ₹4.51 Cr |
| EBITDA | ₹5.81 Cr | ₹4.20 Cr | ₹6.01 Cr |
| Net Worth | ₹19.43 Cr | ₹22.89 Cr | ₹27.41 Cr |
| Reserves & Surplus | ₹19.74 Cr | ₹22.88 Cr | ₹19.74 Cr |
Figures are based on the restated financial information available for the IPO.
Key Performance Indicators
| KPI | FY2026 |
|---|---|
| EPS | ₹5.88 |
| NAV | ₹35.74 |
| RoNW | 16.46% |
| ROE | 16.45% |
| ROCE | 20.19% |
| EBITDA Margin | 1.17% |
| PAT Margin | 0.87% |
| Debt to Equity | 0.00 |
| Pre-IPO P/E | 13.27x |
| Post-IPO P/E | 18.14x |
The FY2026 KPI figures are based on the financial and valuation information disclosed for the issue.
Objects of IPO
The company proposes to use the IPO proceeds for strengthening its technology infrastructure and supporting its business expansion plans. The proposed utilisation of funds includes capital expenditure towards upgrading the existing IT infrastructure, augmenting the leadership team, enhancing the visibility and awareness of the company’s brand and meeting general corporate purposes.
A portion of the funds will be utilised for upgrading the company’s existing IT infrastructure. As Coreintegra operates technology platforms and provides technology-enabled HR and compliance services, investment in its IT infrastructure is intended to support its operational requirements and improve its technology capabilities.
The company also proposes to use part of the proceeds for augmenting its leadership team. Strengthening the management and leadership structure can support the company’s plans to expand its service offerings and customer base. Another portion of the proceeds is proposed to be used for enhancing the visibility and awareness of the company’s brand, which may support its business development and customer acquisition initiatives.
The remaining funds will be utilised for general corporate purposes, subject to the limits and conditions specified in the offer documents. Investors should refer to the final offer documents for the detailed allocation of the issue proceeds and the specific terms relating to their utilisation.
| Object | Amount |
|---|---|
| Capital expenditure for upgrading existing IT infrastructure | ₹11.76 Cr |
| Augmenting Leadership Team | ₹5.75 Cr |
| Enhancing Brand Visibility and Awareness | ₹0.50 Cr |
| General Corporate Purposes | Balance Amount |
The proposed use of funds focuses primarily on technology infrastructure, strengthening the leadership team and increasing brand visibility.
Listing Performance
Coreintegra Consulting Services IPO is scheduled to be listed on the NSE SME platform on 30 September 2026. Since the listing has not taken place yet, the actual listing price, listing gain or loss and first-day trading performance are not available at present.
The IPO price band is ₹74 to ₹78 per share, and the final issue price will be determined through the book-building process. Investors can use the final issue price as the reference point for comparing the company’s eventual listing price once trading begins.
The IPO has a lot size of 1,600 shares, while the minimum application for investors is 3,200 shares. At the upper price band of ₹78, the minimum application amount is ₹2,49,600. The actual listing price will be determined by market trading conditions after the shares are admitted for trading on NSE SME.
There is currently no established actual listing performance because the IPO is yet to list. Any grey market premium or unofficial market indication available before listing should be treated separately from the actual exchange-listed price, as such indications are unofficial and may change before trading begins.
| Particular | Details |
|---|---|
| IPO Price | ₹74 to ₹78 |
| Listing Price | Yet to be Updated |
| Listing Gain/Loss | Yet to be Updated |
| Closing Price | Yet to be Updated |
The listing performance will be updated after the shares commence trading on NSE SME.
Subscription Status
The Coreintegra Consulting Services IPO is scheduled to open on 23 September 2026 and is not yet open for subscription. Therefore, category-wise subscription figures are yet to be updated.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | Yet to be Updated |
| Non-Institutional Investors (NII) | Yet to be Updated |
| Retail Individual Investors (RII) | Yet to be Updated |
| Employee Category | Not Applicable |
| Total Subscription | Yet to be Updated |
Coreintegra Consulting Services IPO GMP
As of the latest available update before the IPO opens, the Coreintegra Consulting Services IPO GMP is reported at ₹0. GMP is an unofficial market indicator and can change before listing.
| Date | GMP | Sub2 | Kostak |
|---|---|---|---|
| 20 September 2026 | ₹0 | 0 | 0 |
GMP figures are unofficial and should not be considered a guaranteed indication of the listing price.
Coreintegra Consulting Services IPO Review
Coreintegra Consulting Services operates across HR services, staffing, payroll, labour-law compliance and technology-enabled solutions. The company has reported an increase in total income from ₹404.39 crore in FY2025 to ₹516.30 crore in FY2026, while PAT increased from ₹3.46 crore to ₹4.51 crore.
The IPO proceeds are intended mainly for IT infrastructure, leadership expansion and brand-building activities. Investors may also consider the company’s relatively low profit margin, dependence on the human-resource services market and the risks associated with maintaining growth across a broad service portfolio.
The IPO price band is ₹74–₹78 and the FY2026 pre-issue P/E is reported at 12.59x–13.27x, depending on the issue-price point used.
Strengths
- Integrated HR Solutions: The company provides staffing, payroll, compliance, advisory and workforce-management services.
- Technology Platforms: Proprietary HR-Tech and Reg-Tech platforms support digital delivery of services.
- Wide Business Presence: The company serves customers across multiple industries and locations.
- Established Customer Relationships: Long-term client relationships can support recurring business.
- Domain Expertise: The management and operating team has experience across HR and regulatory compliance services.
Risk Factors
- Low Profit Margins: The company reported a PAT margin of less than 1% in FY2026.
- Competitive Industry: HR, staffing, payroll and compliance services face competition from established service providers.
- Technology Investment: Continued investment may be required to maintain and upgrade proprietary platforms.
- Customer Dependence: Changes in customer requirements or relationships could affect revenues.
- Regulatory Exposure: Changes in labour laws and compliance requirements can affect operating processes and costs.
Promoters
The promoters of Coreintegra Consulting Services Limited are Sriram Natarajan, Sangeetha Sriram and Gaurav Bali. The promoters are associated with the company’s business operations and strategic development and are responsible for guiding the company’s overall direction and growth.
The promoter group has been involved in developing the company’s integrated human resource services business, including staffing, payroll, labour law compliance and technology-enabled HR solutions. Their role includes overseeing the company’s business strategy, operational activities and expansion plans.
| Promoter | Position |
|---|---|
| Sriram Natarajan | Promoter |
| Sangeetha Sriram | Promoter |
| Gaurav Bali | Promoter |
Management Team
The management team of Coreintegra Consulting Services Limited is responsible for managing the company’s day-to-day operations, human resource service offerings, technology platforms, client relationships and business development activities. The leadership team focuses on delivering integrated HR and compliance solutions while supporting the company’s plans for business expansion.
The management also oversees the company’s technology initiatives, operational processes and regulatory compliance services. With the proposed IPO proceeds being partly allocated towards augmenting the leadership team, the company intends to strengthen its management capabilities as part of its future business plans.
| Name | Designation |
|---|---|
| Sriram Natarajan | Chairman & Non-Executive Director |
| Mahesh Krishnamoorthy | Managing Director |
| Sangeetha Sriram | Non-Executive Director |
| Gaurav Bali | Non-Executive Director |
| Amitava Ghosh | Independent Director |
| Rajeshwar Tripathi | Independent Director |
| Manav Ravindranath Dhanda | Independent Director |
| Sanjeev Kumar Chauhan | Independent Director |
Registrar Details
Purva Sharegistry (India) Private Limited is the registrar to the Coreintegra Consulting Services IPO. The registrar is responsible for processing IPO applications, maintaining investor records and coordinating the allotment, refund and credit of shares to successful applicants.
Investors can contact the registrar for queries related to their IPO application, allotment status and other issue-related matters. The available contact details include the email address [email protected] and telephone number 022-41343255. Investors should refer to the latest offer documents or the registrar’s official website for updated contact information.
| Particular | Details |
|---|---|
| Registrar | Purva Sharegistry (India) Pvt. Ltd. |
| Phone | 022-41343255 |
| [email protected] | |
| Website | www.purvashare.com |
Lead Manager Details
Marwadi Chandarana Intermediaries Brokers Private Limited is the book running lead manager for the Coreintegra Consulting Services IPO. The lead manager is responsible for coordinating various activities related to the public issue, including issue management, due diligence, regulatory coordination, documentation and other activities required for the IPO process.
The lead manager works with the company, registrar, stock exchange and other intermediaries to coordinate the public issue process. Investors can refer to the offer documents for the latest contact information and other issue-related details concerning the lead manager.
| Particular | Details |
|---|---|
| Lead Manager | Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. |
Company Contact Details
| Particular | Details |
|---|---|
| Company Name | Coreintegra Consulting Services Limited |
| Registered Office | Vinmar House, A-41 MIDC Road No. 2, Marol, Andheri (East), Mumbai, Maharashtra – 400093 |
| Phone | 022-69034100 / 022-69034101 |
| [email protected] | |
| Website | www.coreintegra.com |
| CIN | U74140MH2009PLC191409 |
The company was incorporated in April 2009 and subsequently converted into a public limited company.
How to Check Coreintegra Consulting Services IPO Allotment Status
Coreintegra Consulting Services IPO allotment status can be checked online after the basis of allotment is finalised. Applicants can check their application status through the IPO registrar’s website or through the NSE platform, depending on the available service. Investors generally need to provide their PAN, application number or other required details to view the allotment result.
Through Registrar
- Visit the Purva Sharegistry IPO status page.
- Select Coreintegra Consulting Services Limited.
- Enter PAN or application details.
- Submit the details to check the allotment status.
Through NSE
- Visit the NSE IPO application-status section.
- Select the relevant equity issue.
- Select Coreintegra Consulting Services Limited.
- Enter the required application or PAN details.
- Submit to view the allotment result.
Conclusion
Coreintegra Consulting Services IPO is a ₹21.99 crore book-built SME issue comprising 28,19,200 fresh equity shares. The price band is fixed at ₹74 to ₹78 per share and the lot size is 1,600 shares. The IPO opens on 23 September 2026 and closes on 25 September 2026, with the shares proposed to be listed on the NSE SME platform on 30 September 2026.
Coreintegra Consulting Services operates in the human resource services segment and provides staffing, payroll outsourcing, labour law compliance, HR advisory, vendor management and technology-enabled HR solutions. The company also offers HR-Tech and Reg-Tech platforms designed to support businesses with workforce management and regulatory requirements.
The IPO proceeds are proposed to be used for upgrading IT infrastructure, strengthening the leadership team, enhancing brand visibility and meeting general corporate purposes. These objectives are aimed at supporting the company’s operational requirements and future business plans.
Investors should review the latest offer documents, financial performance, valuation, objects of the issue, promoter background and disclosed risk factors before applying. The final offer documents should be referred to for any changes in the issue terms, dates, pricing or proposed utilisation of funds.
FAQs
What is the Coreintegra Consulting Services IPO?
Coreintegra Consulting Services IPO is a Book Built SME IPO of ₹21.99 crore comprising 28,19,200 fresh equity shares.
When will the Coreintegra Consulting Services IPO open?
The IPO will open for subscription on 23 September 2026.
What is the Coreintegra Consulting Services IPO price band?
The price band is ₹74 to ₹78 per equity share.
What is the Coreintegra Consulting Services IPO lot size?
The IPO lot size is 1,600 shares. Retail investors need to apply for a minimum of two lots, or 3,200 shares.
What is the minimum investment required for Coreintegra IPO?
At the upper price of ₹78, the minimum retail investment is ₹2,49,600 for 3,200 shares.
When will Coreintegra Consulting Services IPO allotment be finalized?
The basis of allotment is scheduled for 28 September 2026.
When will Coreintegra Consulting Services IPO list?
The shares are scheduled to list on NSE SME on 30 September 2026.
What is the Coreintegra Consulting Services IPO GMP today?
The latest available GMP is reported at ₹0. GMP is unofficial and may change before listing.
Who is the registrar of Coreintegra Consulting Services IPO?
Purva Sharegistry (India) Pvt. Ltd. is the registrar of the IPO.
Who is the lead manager of Coreintegra Consulting Services IPO?
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the lead manager to the issue.
