Core Integra Consulting IPO Analysis & Review

Quick Answers

What is the Core Integra Consulting IPO GMP today? The Core Integra Consulting IPO GMP is ₹0 as of 23/9/2026, 5:08:06 am. The IPO price band is ₹78 - ₹78. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

When does Core Integra Consulting IPO open? The Core Integra Consulting IPO opens on 2026-09-23 and closes on 2026-09-25.

What is the Core Integra Consulting IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The Core Integra Consulting IPO scored 58/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What is the price band for the Coreintegra Consulting Services IPO?

The price band is set at ₹74 to ₹78 per share.

What is the lot size for the IPO?

The lot size is 1,600 shares.

What is the total issue size of the IPO?

The total issue size is ₹21.99 crore, comprising a fresh issue of shares.

What are the main services offered by Coreintegra Consulting Services?

The company provides staffing, payroll outsourcing, labour law compliance, HR advisory, and technology-based HR solutions through platforms like CoreX, Core Pay, Ctrl-F, and Core PFT.

What is the revenue concentration risk highlighted in the prospectus?

The top five customers contributed approximately 89% of revenue in FY26, indicating high customer concentration.

What is the company's employee attrition rate?

The attrition rate was 54% in FY26, 42% in FY25, and 42% in FY24.

What are the stated uses of the IPO proceeds?

Proceeds will be used for upgrading IT infrastructure (₹11.76 crore), augmenting the leadership team (₹5.75 crore), enhancing brand visibility (₹0.50 crore), and general corporate purposes.

Is the IPO a fresh issue or an offer for sale?

The IPO is a fresh issue of shares; there is no offer for sale component.

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Home›India›Core Integra Consulting ()
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Core Integra ConsultingBSE SME:

Analyzed by ViewIPO Financial Research Team
Human Resource ServicesIndiaFiled 2026-09-23Listing 2026-09-30Size ₹21.58Cr
Lot Size 1600
Live GMP
(0%)
Check Allotment
Status Link

Is Core Integra Consulting IPO Good? Quick Verdict

Core Integra Consulting IPO scored 58/100 (High Risk) in our deep analysis. The strongest pillar is Dilution at 70/100, while Competition is the primary concern at 35/100. The IPO presents a mixed outlook with strong revenue growth and proprietary technology advantages offset by high customer concentration, elevated attrition, and liquidity pressures.

IPO Score
58/100
High Risk

Quick Verdict

Proprietary technology platforms with four registered copyrights, providing competitive differentiation.
Geographic presence across 23 states and four Union Territories, serving over 1,500 client locations.
ISO/IEC 27001:2022 and ISO 9001:2015 certifications indicating strong quality and information security management.
High customer concentration: top five customers contributed approximately 89% of FY26 revenue.
Elevated employee attrition rate of 54% in FY26, indicating potential talent retention challenges.
History of negative operating cash flow, with ₹3.05 crore outflow in FY26 due to working capital pressures.

Company Snapshot

Revenue (TTM)
₹515Cr↑ 27.79% YoY
Profitability
—Pending Data
Gross Margin
— 
Market Cap (Post-IPO)
₹22.5CrAt upper band ₹78
IPO Size
₹21.58Cr 
Industry
Human Resource Services 
P/E Ratio
—Pending Data

Risk Breakdown

Governance
60
Moderate
Financial
60
Moderate
Valuation
60
Moderate
Competition
35
High Risk
Dilution
70
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Coreintegra Consulting Services Limited is a human resource solutions provider offering staffing, payroll outsourcing, compliance, and technology-based HR solutions across India. The company has demonstrated steady revenue growth, increasing from ₹366 crore in FY24 to ₹515 crore in FY26, supported by its proprietary technology platforms and broad geographic footprint. However, it faces significant risks from high customer concentration, with the top five clients accounting for nearly 89% of FY26 revenue, and a high employee attrition rate of 54% in the most recent year. The IPO proceeds are earmarked for IT infrastructure upgrades, leadership team augmentation, and brand building.

Overall Verdict: The IPO presents a mixed outlook with strong revenue growth and proprietary technology advantages offset by high customer concentration, elevated attrition, and liquidity pressures.

Key Highlights

  • •HR solutions provider offering staffing, payroll outsourcing, labour law compliance, HR advisory, and technology-based HR solutions.
  • •Operates through seven branch offices with presence in 23 states and four Union Territories, serving over 600 customers across 30 industries.
  • •Developed four proprietary technology platforms (CoreX, Core Pay, Ctrl-F, Core PFT) with four registered copyrights in India.
  • •Revenue from operations grew from ₹366 crore in FY24 to ₹515 crore in FY26, representing a CAGR of approximately 18%.
  • •Top five customers contributed about 89% of FY26 revenue, indicating significant customer concentration.
  • •Employee attrition rate stood at 54% in FY26, reflecting challenges in talent retention.
  • •Reported negative operating cash flow of ₹3.05 crore in FY26 due to rising working capital needs.

Financial Performance

Revenue (Annual)

↑ +27.8% YoY

INR in Crores

Net Income (Annual)

Profitability

INR in Crores

Cash Flow vs Profit

Cash Flow YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT
Data not reported in RHP

IPO Timeline

IPO Opens2026-09-23
IPO Closes2026-09-25
Basis of Allotment2026-09-28
Refunds & Demat2026-09-27
Listing Date2026-09-30

Valuation Analysis

IPO Price₹78
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
48
Governance
60
Profitability
60
Valuation
60
Competition
35
Execution
60

Pros vs Cons

Pros

  • Proprietary technology platforms with registered copyrights, providing competitive differentiation.
  • Broad geographic footprint across 23 states and 4 UT, reducing regional dependency.
  • ISO certifications indicating strong quality and information security management.
  • Steady revenue growth with CAGR ~18% over FY24-FY26.
  • Long-term relationships with top customers (4-10 years).

Cons

  • High customer concentration: top five customers account for ~89% of revenue, posing significant risk.
  • Elevated employee attrition rate (54% in FY26) may increase costs and affect service delivery.
  • History of negative operating cash flow, indicating potential liquidity pressures.
  • Dependence on IT/ITeS and infrastructure sectors (~90% of revenue) makes the business vulnerable to sectoral downturns.
  • Statutory dues payment delays observed in past years, exposing the company to penalties and interest.

Financial Health

Revenue Growth
Revenue increased from ₹366 crore in FY24 to ₹515 crore in FY26, representing a 40.7% rise over two years (~18.2% CAGR). (Good)
Debt Level
Debt levels are not disclosed in the prospectus.
Cash & Equivalents
Cash and equivalents are not disclosed; operating cash flow was negative ₹3.05 crore in FY26.

Institutional Signals

Anchor Investors
Undisclosed

Core Integra Consulting IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Core Integra Consulting IPO — Frequently Asked Questions

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IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Core Integra Consulting

What is the expected listing price of Core Integra Consulting?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Core Integra Consulting on our Live GMP Tracker.