Coreintegra Consulting Services IPO Analysis & Review

Quick Answers

What is the Coreintegra Consulting Services IPO GMP today? The Coreintegra Consulting Services IPO GMP is ₹0 as of 23/9/2026, 5:08:05 am. The IPO price band is ₹74 - ₹78. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

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

What is the Coreintegra Consulting Services IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The Coreintegra Consulting Services IPO scored 57/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What business does Coreintegra Consulting Services Limited operate?

Coreintegra Consulting Services Limited is an HR solutions provider offering staffing, payroll outsourcing, labour law compliance, HR advisory, and proprietary software platforms including CoreX and Ctrl-F.

What is the issue size and price band for the Coreintegra Consulting Services IPO?

The IPO is a 100% fresh issue of ₹21.99 crore with a price band set between ₹74 and ₹78 per share, with a minimum lot size of 1,600 shares.

How does Coreintegra Consulting Services intend to use the IPO proceeds?

The net proceeds will be used to upgrade existing IT infrastructure (₹11.76 crore), augment the leadership team (₹5.75 crore), enhance brand visibility (₹0.50 crore), and meet general corporate expenses.

What are the recent revenue trends for Coreintegra Consulting Services Limited?

The company's revenue from operations increased from ₹366 crore in FY24 to ₹403 crore in FY25, and reached ₹515 crore in FY26.

What are the primary risk factors associated with Coreintegra Consulting Services Limited?

Key risks include heavy client concentration (top 5 clients contribute 89.31% of revenue), sector concentration in IT/Infra (90.91%), employee attrition at 54% in FY26, negative operating cash flows, and past statutory deposit delays.

What key tech platforms does Coreintegra Consulting Services own?

The company has developed four proprietary platforms: Ctrl-F (compliance management), CoreX (HR processes), Core PFT (provident fund trust), and Core Pay (vendor management), holding four registered copyrights in India.

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Coreintegra Consulting ServicesNSE SME / BSE 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 Coreintegra Consulting Services IPO Good? Quick Verdict

Coreintegra Consulting Services IPO scored 57/100 (High Risk) in our deep analysis. The strongest pillar is Dilution at 70/100, while Competition is the primary concern at 35/100. Coreintegra Consulting Services Limited presents steady top-line growth driven by proprietary HR Tech platforms, but carries severe risks regarding extreme customer concentration, high attrition, and statutory payment delays.

IPO Score
57/100
High Risk

Quick Verdict

Consistent revenue expansion from ₹366 Cr in FY24 to ₹515 Cr in FY26.
In-house development of four proprietary HR and RegTech platforms backed by four copyrights.
Extreme concentration with top 5 customers accounting for 89.31% of total revenue in FY26.
Elevated employee attrition rate reaching 54% in FY26.
Turned cash flow negative in operating activities at -₹3.05 Cr in FY26 due to growing receivables.
Disclosed history of delays and defaults in depositing mandatory statutory dues like EPF, PT, and ESI.

Company Snapshot

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

Risk Breakdown

Governance
65
Moderate
Financial
60
Moderate
Valuation
50
Expensive
Competition
35
High Risk
Dilution
70
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Coreintegra Consulting Services Limited is an Indian human resource solutions provider offering staffing, payroll outsourcing, compliance, and technology platforms like CoreX and Ctrl-F. The company is entering the capital markets with a fresh issue IPO of ₹21.99 crore priced between ₹74 and ₹78 per share. While Coreintegra Consulting Services Limited experienced steady revenue growth from ₹366 crore in FY24 to ₹515 crore in FY26, it suffers from heavy client reliance, with its top five customers generating 89.31% of FY26 revenue. Furthermore, high employee attrition (54% in FY26) and past delays in statutory tax deposits pose notable governance and operational concerns.

Overall Verdict: Coreintegra Consulting Services Limited presents steady top-line growth driven by proprietary HR Tech platforms, but carries severe risks regarding extreme customer concentration, high attrition, and statutory payment delays.

Key Highlights

  • •Fresh issue IPO seeking to raise ₹21.99 crore with a price band set at ₹74 - ₹78 per share.
  • •Utilizing ₹11.76 crore from net proceeds to upgrade existing IT infrastructure and ₹5.75 crore to augment the leadership team.
  • •Maintains proprietary technology platforms including Ctrl-F, CoreX, Core PFT, and Core Pay with 4 registered copyrights.
  • •Operations span 23 states, 4 Union Territories, 7 branch offices, and over 1,500 client locations across 30+ industries.
  • •Top-line revenue increased steadily from ₹366 crore in FY24 to ₹403 crore in FY25 and ₹515 crore in FY26.

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₹74 - ₹78
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
48
Governance
65
Profitability
60
Valuation
50
Competition
35
Execution
60

Pros vs Cons

Pros

  • In-house proprietary technology suite (CoreX, Ctrl-F, Core Pay, Core PFT) with four Indian registered copyrights.
  • Established presence across 23 states and 4 UTs serving clients in 1,500+ locations across 30+ sectors.
  • High client retention with major top 5 customer relationships ranging from 4 to over 10 years.

Cons

  • Heavy customer concentration with top 5 clients representing 89.31% of operational revenue in FY26.
  • Substantial industry concentration as IT/ITeS and Infrastructure sectors contribute 90.91% of FY26 revenue.
  • High workforce attrition rate standing at 54% in FY26.
  • Negative operating cash flow of ₹3.05 crore in FY26 coupled with rising trade receivables (40.02% of assets).
  • Reported delays and defaults in depositing statutory dues such as EPF, Labour Welfare Fund, Profession Tax, and ESI.

Financial Health

Revenue Growth
27.8% growth in FY26 (from ₹403 Cr to ₹515 Cr) (Good)
Debt Level
Financing cash outflows of -₹0.07 Cr in FY26 (Moderate)
Cash & Equivalents
Negative operating cash flow of ₹3.05 Cr in FY26 (Weak)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
Undisclosed
Strategic Partners
Long-standing relationships with key enterprise clients up to 10+ years

Coreintegra Consulting Services 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.

Coreintegra Consulting Services 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)
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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 Coreintegra Consulting Services

What is the expected listing price of Coreintegra Consulting Services?

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