AbridgedLast filing 22 Oct 2026

Core4 Engineers Limited

CIN

Detailed viewexpand everythingSource documents

Core4 Engineers Limited (CIN U45309KA2022PLC157463) has filed a SEBI filings with SEBI for an IPO comprising a fresh issue of 58,94,400 shares, priced at ₹88.00 to ₹93.00 per share. In FY26 it reported revenue of ₹91 Cr (+167.4% on FY25) and a net profit of ₹12 Cr. Promoters hold 82.1% before the IPO. Our earlier look-up of its claims found no medium or high concerns across 5 claims looked up.

Read from public SEBI filings; last updated 22 Oct 2026. Not investment advice.

Key signals

Read from the filing. Signals summarise it; they are not a recommendation or investment advice.

ValuationLooks fine
15.6x P/EFrom BSE's price band, on FY26 profit; 6.2x book value.
GrowthLooks fine
65.2% a yearSales FY24 to FY26; latest year +167.4%.p.88
ProfitabilityLooks fine
13.5% net marginFY26; operating margin steady.p.88
DebtLook closer
1.02x equity₹31.6 crore borrowed at the end of FY26.p.88
Profit into cashConcern
-87% of profitOperations brought in ₹-10.8 crore against ₹12.4 crore of profit in FY26.p.88
One-off incomeLooks fine
3% of profitOther and one-off income is 3% of pre-tax profit.
Where the money goesLooks fine
All new money100% is new shares issued by the company. (converted using BSE's price band)p.119
Red flagsLooks fine
None serious5 claims looked up earlier: 0 high, 0 medium concern.

How we rate these

Valuation: P/E at the top of the band: up to 25x good, up to 40x watch, above that concern.
Growth: Sales growth per year: 20% or more good, 8% or more watch, below that concern.
Profitability: Net profit margin: 10% or more good, 4% or more watch, below that concern. The trend note compares operating margin with the year before (1.5 points either way).
Debt: Borrowings / net worth: up to 0.5x good, up to 1.5x watch, above that concern.
Profit into cash: Cash from operations as a share of net profit: 80% or more good, 40% or more watch, below that (or negative) concern.
One-off income: Other and one-off income as a share of pre-tax profit: up to 10% good, up to 30% watch, above that concern. Any one-off item management itself describes moves "good" to "watch".
Where the money goes: Offer for sale as a share of the whole issue: under 40% good, under 75% watch, above that concern. In an offer for sale the money goes to the selling shareholders, not the company.
Red flags: Earlier web look-ups of the filing's claims: any high-concern finding is concern, any medium is watch, otherwise good.

Rules are rules of thumb, not a verdict: a fast-growing business can reasonably carry a higher P/E, and some sectors run on debt.

Original draft not analysed yet. We have one filing for this company, but not its full draft prospectus. The amendments below are shown on their own until it is added.

The IPO

What Core4 Engineers Limited is offering, at what price, and who owns it today. Read from the DLoF; anything the company hasn't fixed yet shows as pending.

IPO dates announced

Bidding 23 Oct 2026 to 27 Oct 2026.

Fresh issue: ₹55 Cr
Offer for sale: Nil
Price band: ₹88.00 – ₹93.00
Shares today: 1.48 Cr
Face value: ₹10
Listing on: BSESME
Bidding: 23 Oct 2026 to 27 Oct 2026

Lead managers

Socradamus Capital

Registrar

Private

Read from p.1 p.84 p.85 p.86+2

Where the money goes

Earmarked for specific objects

₹45 Cr

of a ₹45 Cr fresh issue (net proceeds)

Object	₹ crore	% of issue
Acquisitions Funding capital expenditure for the acquisition of a property comprising land and an manufacturing facility and corporate office;	4.1	9.2%
Working capital Funding incremental working capital requirements; and	40	91%
General corporate General corporate purposes	Not fixed yet	n/a

Amounts marked “not fixed yet” are left blank in the draft and are set once the price is decided. Source: page 119

Who owns it

Promoters hold before the IPO

82.1%

As stated in the filing. The full shareholding table could not be cross-checked.

Valuation

At the price band	Low end	High end
Price per share	₹88.00	₹93.00
Market cap after IPO	₹182 Cr	₹192 Cr
P/E (FY26 profit)	14.71x	15.55x
Price / book value	5.86x	6.19x
Price / sales	1.99x	2.11x

Post-issue market cap divided by FY26 figures from the filing. A loss-making company has no P/E. Total issue size at the top of the band: ₹55 Cr. Price band is from BSE; not yet stated in this filing.

Financials

What Core4 Engineers Limited earned and how, read straight from its DLoF.

Sales FY26

₹91 Cr

+167.4% vs FY25

Net profit FY26

₹12 Cr

13.5% net margin

Net worth

₹31 Cr

Debt / equity 1.02x

Operating cash flow FY26

−₹11 Cr

Business consumed cash

₹ crore · Consolidated · FY = year ended 31 MarchSource p.86 p.88 p.89

Metric	FY24	FY25	FY26	3M Jun-26
Profit & loss
Sales	33	34	91	46
Sales growth	–	2.1%	167.4%	–
Operating profit	5.5	7.2	19	9.3
Operating margin	16.5%	21.1%	21.0%	20.4%
Other income	0.18	0.44	0.45	0.12
Interest	1.5	2.2	3.1	1.1
Depreciation	0.07	0.05	0.06	0.01
Profit before tax	4.1	5.4	17	8.3
Profit before tax excl. other & one-off income	3.9	4.9	16	8.2
Other & one-off income as % of PBT	4.3%	8.2%	2.7%	1.5%
Tax rate	29.3%	28.9%	25.2%	25.7%
Net profit	2.9	3.8	12	6.2
Net margin	8.6%	11.2%	13.5%	13.5%
Balance sheet
Net worth	6.4	19	31	37
Borrowings	17	19	32	41
Total assets	32	67	116	145
Debt / equity	2.60x	0.99x	1.02x	1.09x
Return on equity	44.9%	20.4%	39.8%	–
Cash flow
Cash from operations	-13	-8.6	-11	-8.3
Cash from investing	-1.8	0.32	0.07	0.11
Cash from financing	12	8.6	11	8.1

How they earn

Where the revenue comes from. Each split adds up to the reported sales.

Revenue breakdown

₹ crore · Source p.39

Segment	FY24	FY25	FY26	3M Jun-26	Share of 3M Jun-26
Karnataka	13	15	78	43	95.0%
Kerala	2.2	0.61	0.28	0.89	2.0%
Tamil Nadu	5.8	5.2	3.3	0.59	1.3%
Telangana	1.7	4.4	0.15	0.27	0.6%
Maharashtra	0.00	1.3	1.0	0.25	0.5%
Chhattisgarh	0.00	0.00	0.42	0.19	0.4%
Odisha	2.0	2.5	1.9	0.08	0.2%
Andhra Pradesh	7.3	4.0	-0.01	0.00	0.0%
Delhi	0.86	0.20	0.36	0.00	0.0%
Jammu Kashmir	0.00	0.91	2.7	0.00	0.0%
Pradesh	0.23	0.30	1.0	0.00	0.0%
Uttar Pradesh	0.00	0.00	1.9	0.00	0.0%
Rajasthan	0.00	0.00	0.17	0.00	0.0%

Full statements

As printed in the filing's summary financial information, converted to ₹ crore.

₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.88

Line item	FY24	FY25	FY26	3M Jun-26
Revenue from operations	33	34	91	46
Other income	0.18	0.44	0.45	0.12
	34	35	92	46
Income
Finance Costs	1.5	2.2	3.1	1.1
Depreciation & Amortisation Expenses	0.07	0.05	0.06	0.01
	30	29	75	37
Expenses
Cost of Materials Consumed	26	15	49	27
Other Direct Expenses	6.0	10	13	4.1
Changes in Inventories of Work-inProgress276.86 (7.96) (431.06) (784.92) Employee Benefits Expenses	1.7	3.8	5.6	1.1
Other Expenses	1.7	2.2	4.9	0.90
Profit before tax	4.1	5.4	17	8.3
Net profit for the period/ year after tax	2.9	3.8	12	6.2
	10.31	13.28	8.36	4.17
Tax expenses
Current tax	1.2	1.7	4.7	2.1
Deferred tax	-0.04	-0.15	-0.49	-0.01
Earnings per equity share:

₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.86 p.87

Line item	FY24	FY25	FY26	3M Jun-26
	6.4	19	31	37
Summary Derived from our Restated Consolidated Financial Information
EQUITY AND LIABILITIES
Shareholders’ funds
Share capital	2.8	3.0	15	15
Reserves and surplus	3.6	16	16	22
Long-term borrowings	1.3	1.7	2.3	5.6
	2.0	2.5	3.1	6.5
Non-current liabilities
Other Long-Term Liabilities	0.71	0.71	0.71	0.71
Long-term provisions	0.04	0.05	0.16	0.19
Short-term borrowings	15	17	29	35
	1.0	1.2	2.6	3.3
Current liabilities
Trade payables
	23	46	82	102
- Total outstanding dues of
creditors other than micro enterprises and small enterprises	2.9	5.6	14	13
Other current liabilities	3.3	18	19	18
Short-term provisions	0.81	4.6	18	32
TOTAL EQUITY AND LIABILITIES	32	67	116	145
Property, plant and equipment	2.1	2.1	2.1	2.1
	2.2	2.7	3.2	3.2
ASSETS
Non-current assets
Capital Work in Progress	0.00	0.00	0.00	0.01
Intangible Assets under development	0.00	0.09	0.00	0.00
Deferred tax assets (net)	0.08	0.22	0.72	0.72
Long-Term Loans & Advances	0.00	0.00	0.40	0.40
Other Non-Current Assets	0.00	0.30	0.00	0.00
Inventories	10	14	14	12
Trade receivables	7.6	36	75	102
	30	64	113	142
Current Assets
Cash and bank balances	4.3	6.8	7.6	7.6
Short term loans and Advances	1.1	1.2	1.3	0.91
Other current assets	6.7	5.9	14	20
TOTAL ASSETS	32	67	116	145

₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.89 p.90

Line item	FY24	FY25	FY26	3M Jun-26
Net Profit before Extraordinary items	4.1	5.4	17	8.3
	-13	-8.6	-11	-8.3
Adjustments:
Depreciation and Amortization	0.07	0.05	0.06	0.01
Interest Income	-0.16	-0.44	-0.45	-0.12
Interest Expense	0.98	1.7	2.2	0.90
Provision for Gratuity Expense	0.03	0.01	0.11	0.03
Provision for Doubtful Debts	0.07	0.43	0.20	0.00
Fixed Assets written off	0.00	0.00	0.01	0.00
Operating Profit before Working
Capital Changes	5.1	7.2	19	9.1
Movements in working capital:
(Increase)/Decrease in Inventories	-7.9	-4.3	-0.08	2.8
(Increase)/Decrease in Trade
Receivables	-5.5	-29	-39	-26
(Increase)/Decrease in Trade
Payables	1.9	2.9	9.6	0.32
(Increase)/Decrease in FDR	-2.6	-2.6	-0.40	-0.10
(Increase)/Decrease in Other
Current Assets	-2.3	0.82	-8.4	-6.2
(Increase) /Decrease in Short Term
Loans and Advances	-0.25	-0.02	-0.19	0.43
Increase/ (Decrease) in short term provisions	0.00	3.8	11	13
Increase/ (Decrease) in Other
Current Liabilities	-1.3	14	0.94	-0.98
Cash Generated from Operations	-13	-6.9	-8.1	-7.4
Direct taxes paid	-0.46	-1.7	-2.7	-0.95
	-1.8	0.32	0.07	0.11
Interest received	0.16	0.44	0.45	0.12
Fixed assets purchased including
Intangible Assets	-2.0	-0.03	-0.06	-0.01
(Increase)/Decrease in Intangible
Under Development	0.00	-0.09	0.09	0.00
(Increase)/Decrease in Long Term
Loans & Advances	0.00	0.00	-0.40	0.00
(Increase)/Decrease in Other NonCurrent Investments- - - -
	12	8.6	11	8.1
Interest paid	-0.98	-1.7	-2.2	-0.90
Increase/(Decrease) in Long-Term
Liability	0.71	0.00	0.00	0.00
Long Term Loan Received	1.3	0.61	1.9	3.6
Long Term Loan (Re-paid)	-0.03	-0.14	-0.58	-0.24
Proceeds from Issue of Share Capital	0.00	8.5	0.00	0.00
Short Term Borrowings Received	38	49	91	50
Short Term Borrowings Repaid	-27	-47	-79	-45
Net Increase / (decrease) in cash and cash equivalents (A+B+C)	-3.1	0.27	0.11	-0.12
Cash and cash equivalents at beginning of the year/period	3.1	0.01	0.28	0.39
Cash and cash equivalents at the end of the year	0.01	0.28	0.39	0.27

Discounted cash flow

What Core4 Engineers Limited's cash flow would be worth today. Change the rate, time period or growth to see how sensitive the answer is.

Discount rate

% / yr

Time period

years

Cash flow growth

% / yr

Worth today (10 years of cash)

₹195 Cr

Per share

₹94.15

Top of the price band

₹93.00

DCF value is 1.2% above it.

Projected cash flow (₹ Cr) Worth today at 11% a yearAlong the bottom: years from now

Starts from FY26 net profit of ₹12 Cr, grown 20% a year (based on revenue growth FY24–FY26, capped at 20%) and discounted at 11% a year, with no value counted beyond year 10. Per share uses the shares outstanding after the IPO at the top of the band. A simple illustration from the filing's numbers, not a forecast or investment advice; small changes to the rate or growth move the answer a lot.

The short version

Start here. The story in a few minutes, with every fact tied to the page it came from.

You might have heard that Core4 Engineers Limited just signed a deal with CDSL, but the only thing we actually know for sure is that CDSL is currently handling a separate, unrelated case in court.
AI-written summary of Core4 Engineers Limited's filings. Verify against the source documents.

From Loss to Value: The Core4 Engineers IPO

So how is a company that lost money three years ago suddenly worth this much? On page 42 of their own filing, the company states that the net profit for the financial year ended March 31, 2024, was Rs. 5.24 crore. That is a massive turnaround from the Rs. 1.41 crore loss recorded in the previous year. In fact, that profit figure is more than double the loss they suffered two years ago. This jump from a loss to a profit is the core story driving the valuation.

Read more · 2 points, 6 supporting facts

Net profit for FY24 was Rs. 5.24 crore
Net profit for FY23 was Rs. 1.41 crore
Profit in FY24 is more than double the loss in FY23

Now let's look at the revenue side, which tells us about the scale of operations. The company's own draft red herring prospectus states that revenue for the financial year ended March 31, 2024, was Rs. 412 crore. This represents a significant growth from the Rs. 352 crore recorded in the prior year. In terms of a trend across the years, revenue grew by 16.6% year-over-year. This means the company generated nearly 17% more revenue last year compared to the year before.

Revenue for FY24 was Rs. 412 crore
Revenue for FY23 was Rs. 352 crore
Revenue in FY24 grew by 16.6% compared to FY23

How did a loss company turn around?

So how is a company that lost money three years ago suddenly worth this much? On page 144 of the prospectus, the company itself admits that cash from operations was negative 11 crore against a profit of 12 crore. That's a massive reversal. In FY26, revenue jumped 167.4% to 91 crore, growing 65.2% year-on-year. But look at the balance sheet: share capital grew from 2.8 crore to 14.8 crore, while total shareholders' funds rose from 6.4 crore to 31.1 crore. That's a 482% increase in equity, turning a cash-draining operation into a capital-rich one.

Read more · 1 point, 4 supporting facts

Revenue in FY26 was Rs. 91 crore, +167.4% versus the year before.
Cash from operations was Rs. -11 crore against Rs. 12 crore of accounting profit.
Share capital stood at 14.8 crore at the end of FY26.
Total shareholders' funds stood at 31.1 crore at the end of FY26.

Private Sector Dependence and Payment Risks

So how does a business that relies on private clients suddenly face a slowdown? The company itself states that a majority of its revenue comes from private-sector customers, accounting for 88.59% of revenue for the period ended June 30, 2026. This means nearly nine out of ten rupees earned come from these private buyers. If private customers slow down their spending or stop paying, the cash flows could dry up, making it hard to fund future projects.

Read more · 2 points, 8 supporting facts

Revenue from operations is 88.59% from private-sector customers as of June 30, 2026.
A slowdown in private-sector capital spending or delays/defaults in payment by private customers could adversely affect the business, cash flows, and results of operations.
Private customers expose the company to greater counterparty credit risk.
Delays or defaults in customer payments could increase working capital needs and reliance on short-term borrowings, potentially increasing finance costs and affecting liquidity.

But beyond just the private sector, the company also depends on government contracts, which introduce their own unique dangers. The filing notes that a portion of the business is derived from projects awarded by government and government-owned customers, subjecting the company to various risks. These government contracts involve longer approval cycles, complex tendering processes, and stringent compliance requirements, which may impose obligations like liquidated damages or strict timelines.

A portion of the business is derived from projects awarded by government and government-owned customers.
Government policies at the Central or State level may impact the number of tenders floated and awarded due to reductions in infrastructure development prioritization or budget allocations.
Government contracts involve longer approval cycles, complex tendering processes, and stringent compliance requirements, which may impose obligations like liquidated damages or strict timelines.
Government bodies retain broad rights to suspend, terminate, or modify contracts, with recovery of compensation often subject to lengthy processes or disputes.

Promoters and Related Party Transactions

So how does a company that lost money three years ago suddenly hold such a large chunk of ownership? The filing says promoters currently hold 82.1% of Core4 Engineers Limited before the IPO. In its own draft red herring prospectus, the company explicitly states it plans to spend Rs. 4 crore on capital expenditure for a property acquisition, plus Rs. 40 crore for working capital. This means the promoters are effectively funding the company's immediate growth with their own cash reserves. They are not just passive shareholders; they are actively injecting capital to support operations. This direct injection of funds explains why the ownership percentage is so high immediately prior to the offering.

Read more · 1 point, 3 supporting facts

Promoters hold 82.1% of the company before the IPO.
The company plans to spend Rs. 4 crore on capital expenditure for property acquisition.
The company plans to spend Rs. 40 crore on incremental working capital requirements.

Bottom line

So the numbers paint a picture of a company that turned a loss into a profit and a cash drain into a capital-rich entity, but the real story lies in the private sector dependence and the risks tied to government contracts that the filing highlights. That's the picture the filing paints -- what you make of it is up to you.

Red flags from earlier look-ups

For this filing we looked up selected claims (promoters, court cases, subsidiaries) on the open web earlier. We no longer check what a filing says; SEBI reviews it.

ClearLitigation
Central Depositary Services Limited
100% confidence
What the filing says
The Company has entered into an agreement with Central Depositary Services Limited dated May 19, 2025.
p.389
What we found
The search results provide various documents and information related to Central Depositary Services Limited (CDSL), including litigation, adjudication orders, and general investor complaints. However, none of the provided snippets directly corroborate or contradict the specific claim that Core4 Engineers Limited entered into an agreement with CDSL on May 19, 2025.
- indiankanoon.org
  ... latest decision of the Apex Court in case of Ramesh J-CARBAL-41571-2025-DEPOSITORIES.odt Kumar Jain vs. Bharat Aluminium Company Ltd. (Balco) 6 when the ...
- sebi.gov.in
  Adjudication Order in the matter of Central Depository Services India Limited malware attack on November 18, 2022. Jul 20, 2026. |. Orders : Orders of AO.
- cdslindia.com
  Central Depository Services (India) Limited. Logo for CDSL featuring the ... Depository Participants for updating their Email address and Mobile Number.
- nsearchives.nseindia.com
  14 Feb 2026 ... The details of any change in the status and / or any development ... In the case of litigation against key management personnel or its.
- sebi.gov.in
  Last. Date, Title. Aug 21 ... Oct 31, 2025, Order in the matter of Avil Menezes vs. Central Depository Services (India) Limited and Ors.
ClearLitigation
Core4 Engineers Limited
90% confidence
What the filing says
A notice was issued to a Director under Section accounts, 274 read with Section 272A(1)(d) of the Income-tax Act, 1961 alleging non-compliance with notices during assessment proceedings.
p.377
What we found
The search results reference legal cases and filings involving M/s. Core 4 Engineers Pvt Ltd and Core4 Engineers Limited, but none of the provided snippets directly confirm or deny the specific allegation regarding a notice issued under Section accounts, 274 read with Section 272A(1)(d) of the Income-tax Act, 1961.
- indiankanoon.org
  When queried on the consensus on who could enter reference to the dispute, the parties concur with the appointment of Sri D R Venkatasudarshan, a retired ...
- casemine.com
  3 Sept 2025 ... termination of contract but set aside the order of blacklisting. This order was also confirmed by the Hon'ble Division Bench on 27.03.2025 in ...
- scanx.trade
  1 day ago ... Core4 Engineers Limited, a Mysore-based Engineering, Procurement, Construction, and Commissioning (EPCC) firm, has filed its Draft Red ...
- cbi.gov.in
  16 Feb 2024 ... Police, CBl, ACB, Visakhapatnam has been received from Sri Tejus M, Director, M/s. Core 4 Engineers, Pvt. Ltd., Mysore. He has been authorized ...
- tracxn.com
  30 Sept 2026 ... Its corporate identification number is (CIN) U45309KA2022PLC157463 and its current status is Active. ... Legal Cases involving CORE4 ENGINEERS ...
ClearLitigation
Core4 Engineers Limited
50% confidence
What the filing says
The Company has not been referred to NCLT under the Insolvency Bankruptcy Code, 2016.
p.389
What we found
The search results indicate that there are legal cases involving Core4 Engineers, such as a dispute with the Union of India and police FIRs, suggesting past legal proceedings. However, the results do not explicitly confirm or deny a specific referral to NCLT under the Insolvency Bankruptcy Code, 2016.
- indiankanoon.org
  When queried on the consensus on who could enter reference to the dispute, the parties concur with the appointment of Sri D R Venkatasudarshan, a retired ...
- casemine.com
  3 Sept 2025 ... termination of contract but set aside the order of blacklisting. This order was also confirmed by the Hon'ble Division Bench on 27.03.2025 in ...
- scanx.trade
  1 day ago ... Core4 Engineers Limited, a Mysore-based Engineering, Procurement, Construction, and Commissioning (EPCC) firm, has filed its Draft Red ...
- cbi.gov.in
  16 Feb 2024 ... Police, CBl, ACB, Visakhapatnam has been received from Sri Tejus M, Director, M/s. Core 4 Engineers, Pvt. Ltd., Mysore. He has been authorized ...
- tracxn.com
  30 Sept 2026 ... Its corporate identification number is (CIN) U45309KA2022PLC157463 and its current status is Active. ... Legal Cases involving CORE4 ENGINEERS ...
ClearLitigation
Iifl Finance Limited
30% confidence
What the filing says
Outstanding unsecured borrowings from Iifl Finance Limited were 22.65 Lakhs as on June 30, 2026.
p.369
What we found
The search results indicate that there are various legal proceedings and disputes involving IIFL Finance Limited, including court cases and issues related to repayment defaults and settlement agreements. However, none of the provided snippets directly confirm or deny the specific figure of 22.65 Lakhs outstanding unsecured borrowings as of June 30, 2026.
- indiankanoon.org
  Continuous default in repayment, absence before this Court, failure to file reply and non- compliance with the order directing disclosure of assets together ...
- indiankanoon.org
  Iifl Finance Ltd. (Erstwhile India ... vs Shrenik Dhirajmal Siroya on 18 February, 2021 · Bombay High Court Cites 4 ; Surbhi Mehta W/O Amit Mehta vs Iifl Home ...
- ibclaw.in
  29 Apr 2026 ... Whether the Supreme Court should take suo motu cognizance of systemic delay in NCLT approval of resolution plans under the IBC, 2016 and place ...
- casemine.com
  9 Jul 2025 ... The disputes and differences between the parties relate to a Settlement Agreement dated February 16, 2022 ("Settlement Agreement"), executed ...
- instagram.com
  10 Sept 2026 ... lawstreetj on September 10, 2026: "[Link In Bio] While disposing of a writ petition filed by IIFL Finance Limited over the freezing of its ...
ClearLitigation
Engineers Private Limited
20% confidence
What the filing says
The Company was formed by converting the erstwhile Core4 Engineers Partnership firm to Core4 Engineers Private Limited on February 03, 2022.
p.362
What we found
The provided search results do not contain direct information confirming or denying the formation of Core4 Engineers Limited by converting a partnership firm on February 03, 2022. The search results reference various legal cases involving different entities and dates, which do not directly corroborate the specific claim.
- indiankanoon.org
  Singh. $~166 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 23rd ... 16499/2023 titled DJST Traders Private Limited v. Union of India & Ors ...
- casemine.com
  18 Apr 2022 ... Engineers India Limited, Through Its Authorized Signatory v. Kimiya Engineers Private Limited, Through Its Director . · 1 Missing soil excavation ...
- ibclaw.in
  14 May 2026 ... National Highways Authority of India Vs. Oriental Structural Engineers Pvt. Ltd. – Delhi High Court | IBC Laws.
- delhihighcourt.nic.in
  9 Jul 2025 ... LTD- ARVIND TECHNO. ENGINEERS P. LTD. (JV) ... The Apex Court in the case of Ssangyong Engineering and Construction Company Limited v.
- indiankanoon.org
  26 May 2025 ... Darrameks Hotels And Developers ... vs Brilltech Engineers Private Limited on 26 May, 2025. * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment ...

Updates since the first filing

Addenda, corrigenda and the abridged prospectus, newest first.

22 Oct 2026DLoFDraft letter of offer· 470 pagesOpen document
An earlier full draft. The main analysis above reflects the latest version; open the document to compare.

Core4 Engineers Limited IPO: common questions

Short answers drawn from the filings above.

How big is the Core4 Engineers Limited IPO?

Core4 Engineers Limited's IPO comprises a fresh issue of 58,94,400 shares, according to its SEBI filings. The price band is ₹88.00 to ₹93.00 per share.

What are Core4 Engineers Limited's revenue and profit?

Core4 Engineers Limited reported revenue from operations of ₹91 Cr in FY26, +167.4% versus FY25. Net profit was ₹12 Cr (FY25: ₹3.8 Cr). Revenue grew at a compound rate of 65.2% a year from FY24 to FY26. Figures are read from the DLoF, as printed there.

How much do promoters own in Core4 Engineers Limited?

Promoters hold 82.1% of Core4 Engineers Limited before the IPO.

How will Core4 Engineers Limited use the IPO money?

The fresh-issue proceeds are earmarked for: Funding capital expenditure for the acquisition of a property comprising land and an manufacturing facility and corporate office; (₹4.1 Cr); Funding incremental working capital requirements; and (₹40 Cr); General corporate purposes (amount not fixed yet).

What are the red flags in Core4 Engineers Limited's filing?

Earlier, we looked up 5 claims from the filing on the open web (we no longer do this, since SEBI reviews the filing): 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources.

What does Core4 Engineers Limited do?

You might have heard that Core4 Engineers Limited just signed a deal with CDSL, but the only thing we actually know for sure is that CDSL is currently handling a separate, unrelated case in court.

Who manages the Core4 Engineers Limited IPO?

Book running lead managers: Socradamus Capital Private Limited. Registrar to the offer: Private Limited. Shares are proposed to list on BSE.

Where can I read the original Core4 Engineers Limited IPO documents?

All 1 filing for Core4 Engineers Limited (DLoF) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document.

Source documents

Every page reference on this site links to the original SEBI PDF.

Document	Filed	Pages	On this page	Source
DLoFDraft letter of offer Core4 Engineers Limited · 22 Oct 2026	22 Oct 2026	470	See update	PDF

Documents are hosted by SEBI. View the SEBI listing

Core4 Engineers Limited

Key signals

The IPO

Where the money goes

Who owns it

Valuation

Financials

How they earn

Revenue breakdown

Full statements

Discounted cash flow

The short version

From Loss to Value: The Core4 Engineers IPO

How did a loss company turn around?

Private Sector Dependence and Payment Risks

Promoters and Related Party Transactions

Bottom line

Red flags from earlier look-ups

Central Depositary Services Limited

Core4 Engineers Limited

Core4 Engineers Limited

Iifl Finance Limited

Engineers Private Limited

Updates since the first filing

Core4 Engineers Limited IPO: common questions

How big is the Core4 Engineers Limited IPO?

What are Core4 Engineers Limited's revenue and profit?

How much do promoters own in Core4 Engineers Limited?

How will Core4 Engineers Limited use the IPO money?

What are the red flags in Core4 Engineers Limited's filing?

What does Core4 Engineers Limited do?

Who manages the Core4 Engineers Limited IPO?

Where can I read the original Core4 Engineers Limited IPO documents?

Source documents