Coreintegra Consulting Services (SME IPO)
📅 Dates: 23 - 25 Sep • 💰 Issue Size: 28,19,200 shares (agg. up to ₹22 Cr)Complete guide to Coreintegra Consulting Services SME IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (SME) |
| Issue Dates | 23 - 25 Sep |
| Price Band | ₹74 to ₹78 |
| Total Issue Size | 28,19,200 shares (agg. up to ₹22 Cr) |
| Minimum Market Lot | 1600 shares |
| Listing Price (Debut) | ₹78.10 (+₹0.10 (+0.13%) 🚀) |
| Subscription Status | 1.40x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐☆☆☆ (2/5 - Low / Mild Demand) |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 1.05x |
| Non-Institutional / HNI | 1.46x |
| Retail Individual (RII) | 1.41x |
| Total Subscription | 1.40x (Updated: 07 Oct, 16:51) |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
Coreintegra sells end-to-end workforce management by combining manpower staffing with proprietary software like CoreX and Core Pay. Corporate clients pay them recurring fees to handle messy back-office operations, including payroll processing, recruitment, and complex labor law compliance.🚀 Key Strengths & Growth Drivers
• Tech-Enabled Stickiness: Their software platforms (CoreX and Ctrl-F) transition clients from basic staffing consumers to deeply integrated tech users, making switching costs high.• Regulatory Tailwinds: India's compliance landscape is getting stricter, forcing more mid-to-large enterprises to outsource their labor law headaches to specialized vendors.
• Asset-Light Scalability: The core business model relies on software and service delivery rather than heavy physical infrastructure, allowing them to scale revenues without massive capital expenditure.
⚠️ Key Risks & Red Flags
• Working Capital Drag: Staffing businesses typically suffer from cash flow crunches because they must pay salaries monthly while corporate clients often clear invoices on 60-to-90-day cycles.• Client Concentration: If a handful of large corporate accounts decide to renegotiate terms or walk away, top-line revenues can take a severe hit.
• SME Liquidity Trap: Trading on the SME platform means low daily volumes, making it painful to exit your position quickly if market sentiment turns sour post-listing.
🎯 Retail Verdict
This is a standard B2B compliance play operating in a crowded staffing market, so don't expect any explosive listing pops or long-term compounding magic. Retail investors should exercise caution and stay on the sidelines unless they have a high risk tolerance for micro-cap SME liquidity games.📅 Tentative Timetable
| Event | Tentative Date |
|---|---|
| IPO Open | Wed, Sep 23, 2026 |
| IPO Close | Fri, Sep 25, 2026 |
| Allotment | Mon, Sep 28, 2026 |
| Refund | Tue, Sep 29, 2026 |
| Credit of Shares | Tue, Sep 29, 2026 |
| Listing | Wed, Sep 30, 2026 |
💼 Market Lot & Investment Sizing
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 3200 | ₹2,49,600 |
| Individual investors (IND) (Max) | 2 | 3200 | ₹2,49,600 |
| S-HNI (Min) | 3 | 4800 | ₹3,74,400 |
| S-HNI (Max) | 8 | 12800 | ₹9,98,400 |
| B-HNI (Min) | 9 | 14400 | ₹11,23,200 |
💰 Financial Summary
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 68.51 | 56.80 | 49.96 |
| Total Income | 516.30 | 404.39 | 368.44 |
| Profit After Tax | 4.51 | 3.46 | 4.94 |
| EBITDA | 6.01 | 4.20 | 5.81 |
| NET Worth | 27.41 | 22.89 | 19.43 |
| Reserves and Surplus | 19.74 | 22.88 | 19.42 |
| Amount in ₹ Crore |
🏢 About Coreintegra Consulting Services
Coreintegra Consulting Services operates as a specialized human resource and regulatory technology solutions provider, catering to a diverse clientele across multiple industries. The company offers a comprehensive suite of services encompassing recruitment, staffing, payroll processing, labor law compliance, and vendor management. By leveraging its proprietary technology platforms—including CoreX and Core Pay for HR tech, alongside Ctrl-F and Core-PFT for regulatory technology—Coreintegra delivers digitized, end-to-end workforce management solutions designed to streamline complex compliance and operational requirements for businesses.💬 Community Discussion & Views
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Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
📌 Thread Quick Navigation: Post #2: Live & Historic GMP | Post #3: Subscription Stats | Post #4: Allotment Status | Post #5: Listing Debut | Post #6: Community & Social Reviews
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