About Core Integra Consulting Services IPO
Coreintegra Consulting Services IPO Details
Coreintegra Consulting Services IPO is a 100% book-built issue comprising a fresh issue of up to 35 lakh equity shares with a face value of ₹10 each. The company filed the DRHP with SEBI on September 05, 2025.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager of the issue is Marwadi Chandarana Intermediaries Brokers Private Ltd., while the registrar to the issue is Purva Sharegistry (India) Private Ltd.
Coreintegra Consulting Services IPO Date & Timeline
Coreintegra Consulting Services Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on September 05, 2025. However, the specific Coreintegra Consulting Services IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Core Integra Consulting Services IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Core Integra Consulting Services IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital |
| Total Issue Size | 35,00,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | - |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 76,67,805 shares |
| Share Holding Post Issue | 1,11,67,805 shares |
Coreintegra Consulting Services IPO GMP
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Coreintegra Consulting Services IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Coreintegra Consulting Services Ltd. is a private limited company incorporated under the Companies Act of 1956. The company was incorporated on April 02, 2009. In the middle of 2024, the company changed its status to a public limited company. On October 14, 2024, a new certificate of incorporation was issued.
The company started as an HR services company that provided staffing services. For the past 15+ years, the company has evolved to become an integrated human resource solution company. The registered office of the company is located in Marol Andheri East, Mumbai. The company operates through its 7 branch offices across 20 states, serving more than 1,500 client locations.
Operations & Product Range
Coreintegra Consulting Services Ltd. operates in five main areas: HR Services, Vendor Management, Compliance and Advisory, RegTech and HR Tech Solutions. HR Services generated about 68.2% of FY25 revenue, while vendor management contributed 27.6%. The company has developed four proprietary platforms for compliance and management, supported by a dedicated IT team of 31 staff for system maintenance and upgrades.
Facilities & Capacity
Coreintegra Consulting Services Ltd. operates on an asset-light model with its registered office in Mumbai and branch offices across more than 6 cities covering North, West, South and East India, all on leased premises. The number of employees as of FY25 stood at 10,290 individuals, an increase from 8,715 in FY24. The funds raised in the IPO for IT infrastructure investments are to be utilized in FY27 for investments in cybersecurity solutions, AI-powered OCR and audit tools, enhancements to Ctrl-F, cloud infrastructure, 24x7 infrastructure, and data security compliance certifications.
Brands & Market Presence
Coreintegra Consulting Services Ltd.'s main product, Ctrl-F, which was introduced to the market in 2015, has been at the forefront of India's compliance technology industry, beating local competition in size and ingenuity. In 2023, Ctrl-F won several awards, including "Most Innovative HR Tech Award" at the HR Tech Summit, "Best HR Compliance Software" at the Asia HR Tech Excellence Awards and "Fastest Growing Indian Company Excellence Award" at the International Achievers Summit. The company has over 30 industries to serve across 20 states.
Revenue Streams & Business Model
The major source of revenue for Coreintegra Consulting Services Ltd. comes from its advisory and compliance business, which generates about 85% of its operating revenues. The advisory business includes labour compliance, HR policies, payroll management, etc. Tech-enabled Reg-Tech products like Ctrl-F and Core X, which are digital HR solutions, account for the remaining 15% of its revenues.
Management & Shareholding
Coreintegra Consulting Services Ltd. is led by its professional and trustworthy promoters, including Sriram Natarajan, Sangeetha Sriram and Gaurav Bali. Before the IPO, the promoters or shareholders of the company held a 93.04% ownership, but after the IPO, the promoters will see a dilution in the ownership as this IPO offering includes a fresh issue of 35 lakh equity shares, which will allow new shareholders to participate in the decision-making of the company.
Board & Key Management
Coreintegra Consulting Services Ltd.’s board management is led by Sriram Natarajan, who has served as Chairman and Non-Executive Director since the company's incorporation. Mahesh Krishnamoorthy is the managing director, appointed for a 5-year term from November 22, 2021, bringing 2 decades of experience (20+ years) in corporate governance and financial planning. Sangeetha Sriram and Gaurav Bali serve as non-executive directors; 4 independent directors, Amitava Ghosh, Rajeshwar Tripathi, Manav Ravindranath Dhanda and Sanjeev Kumar Chauhan, support the board.
Core Integra Consulting Services IPO Financial Information
Latest Revenue
404.39
₹ Crore
Profit After Tax
3.53
₹ Crore
Net Worth
22.91
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 56.75 | 404.39 | 3.53 | 22.91 | 22.90 | — | |||
| 31 Mar 2024 | 49.87 | 368.44 | 4.83 | 19.37 | 19.36 | — | |||
| 31 Mar 2023 | 40.59 | 316.75 | 3.17 | 14.56 | 14.53 | — | |||
| Amount in ₹ Crore | |||||||||
Core Integra Consulting Services Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 16.72% |
| ROCE | 19.85% |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | 0.87% |
| EBITDA Margin | 1.05% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.61 | 3.16 |
| P/E (x) | - | - |
Coreintegra Consulting Services IPO Objectives
The company intended to use the Coreintegra Consulting Services IPO proceeds for
- • IT infrastructure upgrades and cloud infrastructure upgrades for the Ctrl-F platform
- • Enhancing the leadership team
- • Brand visibility and awareness by performing marketing campaigns
- • General corporate purposes
Coreintegra Consulting Services IPO Review
Coreintegra Consulting Services Ltd. filed its Draft Red Herring Prospectus (DRHP) during September 2025 for an NSE SME IPO, which includes a fresh issue of equity shares aggregating up to 35 lakhs. The company has a strong scale of operation with a total income of ₹404.39 crores for FY25, with a profit after taxation of ₹3.53 crores.
The company has a unique business model that involves traditional labour law compliance advisory services (85%) and modern RegTech platforms like Ctrl-F and Core X (15%). The company has shown consistent growth with a 10.75% CAGR. However, the company has shown a concentration risk, as the top five customers have generated more than 88% of its total revenue. The company plans to use the IPO proceeds for IT infrastructure development and leadership team expansion.
Conclusion
Coreintegra Consulting Services IPO is an opportunity for investors to invest in a growing business, which offers a listing of a Mumbai-based integrated human resource solutions provider with a track record of more than 15 years, a growing technology portfolio and established relationships in 30+ industries. The IPO proceeds will be used towards technology platform enhancement, brand creation and leadership team additions.
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Competitive Strengths
Tech-enabled model integrating staffing, payroll, compliance and proprietary HR solutions
Operates a vast network, including 20+ states, 1,500+ client locations and 30+ industries
VAPT security clearance certifications add to enterprise credibility.
6 of the top ten clients have been with the company for over three years, averaging one to three-year contracts.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 20/04/2026 | - |
| 2 | Filed with SEBI/Exchange | 05/09/2025 | View DRHP |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | — | — | |
| Individual investors (Retail) (Max) | — | — | |
| S-HNI (Min) | — | — | |
| S-HNI (Max) | — | — | |
| B-HNI (Min) | — | — |