Coreintegra Consulting Services IPO
Coreintegra Consulting Services LtdSME
This IPO closed on 25 Sep 2026.
- Open date
- 23 Sep 2026
- Close date
- 25 Sep 2026
- Min. Investment
- ₹2,49,600
- Lot Size
- -
- Fresh Issue
- ₹21.99 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers1.05x
- Non-Institutional Investors1.41x
- Retail-Individual Investors1.42x
- Total1.38x
Schedule
- Completed: IPO open date23 Sep 2026
- Completed: IPO close date25 Sep 2026
- Completed: Allotment date28 Sep 2026
- Current step: Funds unblock or debit29 Sep 2026
- Upcoming: Tentative listing date30 Sep 2026
About
Promoter shareholding in Coreintegra Consulting Services Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Sriram Natarajan | 37,67,520 | 49.13% | 37,67,520 | 35.93% |
| Sangeetha Sriram | 2,19,939 | 2.87% | 2,19,939 | 2.10% |
| Gaurav Bali | 9,59,415 | 12.51% | 9,59,415 | 9.15% |
| Soumya Bali | 501 | 0.01% | 501 | 0.00% |
| Eureka Outsourcing Solutions | 21,86,865 | 28.52% | 21,86,865 | 20.85% |
Financials of Coreintegra Consulting Services IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 366.38 | 402.61 | 515.15 |
| Total Expenses | 362.46 | 400.23 | 511.60 |
| Profit Before Tax | - | - | - |
| Total Profit | 4.83 | 3.46 | 4.51 |
Coreintegra Consulting Services IPO Strengths & Risks
- Technology Platforms built in-house covering all aspects of the human resource value chain.
- Deep domain expertise delivered through comprehensive solutions across industries.
- Established long term relationship with clients leading to recurring business.
- Wide geographic presence with efficient labour law compliance capabilities.
- Experience of our Promoter and management team.
- Track record of high quality and efficient service delivery.
- Risks Relating to the Business: The company's top five customers contribute about 89.31%, 88.04% and 90.16% of its revenues for the financial year ended March 31, 2026, March 31, 2025 and March 31, 2024. Any loss of business from one or more of them may adversely affect the company's revenue and profitability
- Risks Relating to the Business: There are certain outstanding legal proceeding involving the Company, Group Company, Promoters, Directors and KMP and SMP which may adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: Security breaches, any disruption to the company's information technology or cyberattacks could result in liabilities, damage to its reputation and adverse impact on the company's financial conditions, results of operations and cashflows.
- Risks Relating to the Business: The company depends significantly on its clients from different industries and are highly dependent on the performance of their industry. A loss of, or a significant decrease in their business could adversely affect the company's business and profitability.
- Risks Relating to the Business: The company depends on its proprietary technology for critical functions of the company's business. Failures to properly maintain or promptly upgrade its technology may result in disruptions to or lower quality of the company's solutions and its business and ability to service clients may be adversely affected. Further, the company's results of operations could be affected if its cannot successfully yield the intended results from the company's investment in technology.
- Risks Relating to the Business: The company's business revenue from operations is concentrated in a few segments.
- Risks Relating to the Business: The company's inability to protect and further strengthen and enhance its brand and business reputation could adversely affect the company's business prospects and financial performance.
- Risks Relating to the Business: The company's businesses are manpower intensive and its inability to attract and retain skilled manpower could have an adverse impact on the company's growth, business and financial condition. Further, in the event the company is not able to manage its attrition, the company may not be able to meet the expectations of its customers, which may have an adverse impact on the company's financial condition.
- Risks Relating to the Business: The company's client contracts are generally of a short duration, contain termination provisions and does not guarantee any volume of work. Majority of the company's client can terminate the contract by serving notice period as per the contract which could have an adverse impact on its business.
- Risks Relating to the Business: The company has contingent liabilities, and its financial condition could be adversely affected if any of these contingent liabilities materializes.
- Risks Relating to the Business: The company has significant employee benefit expenses, such as workers compensation, staff welfare expenses and contribution to provident and other funds.
- Risks Relating to the Business: The company may be unable to perform background verification procedures on its personnel as well as on the company billable employees prior to placing them with its customers.
- Risks Relating to the Business: The company does not own the premises in which its registered office and branch offices are located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect the company operations.
- Risks Relating to the Business: There have been several instances of non-payment of statutory dues and filing of statutory returns by the Company in the past. Any delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have an adverse impact on the company's financial condition and cash flows.
- Risks Relating to the Business: The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- Risks Relating to the Business: The company's customers may delay or default in making payments for services rendered by it. If the company is unable to collect its receivables from the company's customers, its profits, cash flows and liquidity could be adversely affected.
- Risks Relating to the Business: The company's net cash flows from operating, investing and financing activities have been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
- Risks Relating to the Business: Due to the nature of the staffing services business, the company may be exposed to employment-related claims and losses that could have a material adverse effect on its business and reputation.
- Risks Relating to the Business: There are certain delays noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies.
- Risks Relating to the Business: The company's Statutory Auditor has noted certain observations in auditor's report under the Companies (Auditor's Report) Order, 2020.
- Risks Relating to the Business: Any errors, defects or disruption in the company's service or inability to meet expected or agreed service standards may lead to claims, or adversely affect its reputation, revenue or future business prospects.
- Risks Relating to the Business: Any IT system failures or lapses on part of any of the company's employees may lead to operational interruption, liabilities or reputational harm.
- Risks Relating to the Business: The company may not be able to prevent unauthorised uses of copyright obtained/ applied for by third parties, which may lead to the dilution of the company's goodwill.
- Risks Relating to the Business: The company is subject to risk as it relates to software that the company license from third parties
- Risks Relating to the Business: The company financing agreements contain covenants that limit its flexibility in operating the company's business. Its inability to meet the company's obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company's insurance coverage may not adequately protect it against all material hazards, which may adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company's business requires it to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failures to obtain and renew them in a timely manner may adversely affect the company's business operations.
- Risks Relating to the Business: The company faces competition in its business from organized and unorganized players, which may adversely affect the company's business operations and financial condition.
- Risks Relating to the Business: The company's inability to effectively manage its growth or to successfully implement the company's business plan and growth strategies could have an adverse effect on its business, results of operations and financial condition. The success of the company's business will depends greatly on its ability to effectively implement the company's business and growth strategies.
- Risks Relating to the Business: Any failures or significant weakness of the company's internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation
- Risks Relating to the Business: If the company fails to acquire new consumers or fails to do so in a cost-effective manner, its may not be able to increase revenue or maintain profitability.
- Risks Relating to the Business: The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
- Risks Relating to the Business: The company's business is subject to extensive government regulation, which may restrict the types of services the company is permitted to offer or result in additional tax or other costs that reduce its revenue and earnings. Further, non-compliance with existing regulatory requirements may adversely affect the company.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to do so in the future.
- Risks Relating to the Business: The company funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect its business and results of operations.
- Risks Relating to the Business: The company's success largely depends upon the knowledge and experience of its Promoters, Directors, the company's Key Managerial Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company's Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them and other personnel with technical expertise could adversely affect the company's business, financial condition and results of operations.
- Risks Relating to the Business: In addition to normal remuneration or benefits and reimbursement of expenses, some of the company's directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- Risks Relating to the Business: Some of the company's Directors possess experience of being on the board of any listed company.
- Risks Relating to the Business: The continuing effect of the COVID-19 pandemic on the company's business and operations is highly uncertain and cannot be predicted.
- Risks Relating to the Business: Industry information included in this Red Herring Prospectus has been derived from an industry report prepared by Ken Research Private Limited exclusively commissioned and paid for by the company for such purpose and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders approval.
- Risks Relating to the Business: The requirements of being a public listed company may strain its resources and impose additional requirements.
- Risks Relating to the Business: The company generates a substantial portion of revenue from Maharashtra. Any adverse developments affecting its operations in the Maharashtra could have an adverse impact on the company's revenue and results of operations.
