Overview
Updated 12 days agoCoreintegra Consulting Services Limited is an integrated HR and compliance services provider offering staffing, payroll outsourcing, and proprietary HR-Tech solutions. The company is raising funds through a fresh issue of equity shares to be listed on the NSE Emerge platform.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,24,800 |
| bNII (min) | 9 | 14,400 | ₹11,23,200 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | NSE |
| Segment | SME |
| Price band | ₹74–78 |
| Final issue price | ₹78.00 |
| Face value | ₹10 per share |
| Lot size | 1,600 shares |
| Minimum investment | ₹1,24,800 |
| Issue size | ₹22.00 Cr |
| Market cap at upper band | ₹81.80 Cr |
| P/E at upper band | 13.3x |
| Registrar | Purva Sharegistry (India) Private Limited |
| Lead managers | Marwadi Chandarana Intermediaries Brokers Private Limited |
| NSE symbol | COREIN |
| ISIN | INE11ES01010 |
Shareholder quota and promoter holding
Company & business
Coreintegra Consulting Services Limited is a comprehensive human resource solutions provider offering end-to-end services tailored to meet the evolving needs of businesses across diverse industries. The company provides services in recruitment, staffing, payroll processing, HR advisory, and compliance management. It also offers tech-driven solutions through its proprietary platforms, including CoreX, Core Pay, Ctrl-F, and Core-PFT, which help streamline and digitize human resource management. The company serves over 600 customers across more than 30 industries, spanning 23 states and 4 union territories in India.
Objects of the issue — how the money will be used
- Augmenting Leadership Team for the Company (₹5.75 Cr)
- Enhancing the visibility and awareness of our brand (₹0.5 Cr)
- Capital expenditure towards upgrading the existing IT infrastructure (₹11.76 Cr)
- General corporate purposes
Key strengths
- Proprietary technology platforms covering the HR value chain
- Deep domain expertise across 30+ industries
- Established long-term client relationships
- Wide geographic presence in India
- Experienced promoter and management team
- Track record of high-quality service delivery
Key risks
- High revenue concentration from top five customers
- Outstanding legal proceedings involving the company and promoters
- Dependence on proprietary technology for critical business functions
- Revenue concentration in specific segments
- Manpower-intensive business with high attrition rates
- Short-term nature of client contracts
- Dependence on leased premises for operations
- Instances of non-payment of statutory dues in the past
Promoters
Sriram Natarajan, Sangeetha Sriram, Gaurav Bali
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 366.37 | -- | 4.94 | 49.96 | 19.43 | 0.00 |
| FY25 | 402.61 | -- | 3.46 | 56.80 | 22.89 | 0.00 |
| FY26 | 515.15 | -- | 4.51 | 68.51 | 27.41 | 0.00 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Coreintegra Consulting Services this issue | 515.2 | 5.88 | 13.3x | 17.94 | 35.74 |
| Team Lease Services Limited | 11,859.4 | 83.30 | 14.7 | 13.55 | 622.12 |
| Quess Corp Limited | 15,321.7 | 14.85 | 23.1 | 19.05 | 78.11 |
This issue is priced at 13.3x P/E against a peer median of 18.9x: a discount of 30%. A measurement, not a verdict.
Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.