Core4 Engineers' Ambitious IPO Journey: A Step Towards Expansion

Mysuru-based Core4 Engineers plans to raise funds via an IPO to finance its expansion. The IPO features a fresh issue of 58.94 lakh equity shares. Proceeds will finance property acquisition for a new manufacturing unit, capital needs, corporate purposes, and will cover IPO expenses. Core4 specializes in EPCC with a focus on railway and power infrastructure.

Mysuru's Core4 Engineers is gearing up to go public, having filed its draft papers with the BSE SME platform for an initial public offering (IPO). This move is set to bolster their expansion plans by raising funds through a fresh issue of up to 58.94 lakh equity shares.

The capital raised will aid the acquisition of land and buildings for a new manufacturing unit and corporate office, while also addressing incremental working capital needs, general corporate expenses, and costs associated with the IPO. Core4 Engineers specializes in engineering, procurement, construction, and commissioning (EPCC), focusing on railway infrastructure and power transmission.

Financially, Core4 Engineers reported a revenue of Rs 34.15 crore and a PAT of Rs 3.81 crore for the fiscal year ending March 31, 2025. For the half-year period ending September 30, 2025, the company posted a revenue of Rs 47.07 crore and a PAT of Rs 6.05 crore. The company's shares are proposed for listing on the SME Platform of BSE Ltd, with Socradamus Capital as the lead manager and Purva Sharegistry handling the public issue registration.

(With inputs from agencies.)