Core4 Engineers Launches Rs 54 Crore Public Offer

Core4 Engineers has launched its initial public offering worth Rs 54.82 crore for small and medium enterprises. The public issue opens on October 23, 2026, and will close for bidding on October 27.

IPO Details

The company has set the price band at Rs 88 to Rs 93 per share. Funds raised through this public offering will be used to support working capital requirements, acquire new facilities, and meet general corporate purposes. In the financial year 2026, the firm recorded a revenue of Rs 92 crore alongside a net profit of Rs 2 crore, showing steady annual growth.

Context

Initial public offerings allow private companies to raise capital from the public market by issuing new shares. Small and medium enterprise platforms provide growing firms a regulated avenue to access equity funding and expand their operations.