Coreintegra Consulting Services Ltd

COREIN Coreintegra Consulting Services Ltd

NSE IPO

Bidding dates23 Sep 2026 - 25 Sep 2026

Price range₹74 - ₹78

Min. investment₹2,49,600

Issue size21.99 Cr

Lot size1600 Shares

IPO Timeline

Start date

23 Sep 2026

End date

25 Sep 2026

Allotment date

28 Sep 2026

Refund initiation

29 Sep 2026

Share credit

29 Sep 2026

Deactivate mandate

30 Sep 2026

About company

Incorporated in 2009, Core Integra Consulting Services Limited is an integrated human resource solutions provider offering staffing, payroll outsourcing, labour law compliance, HR advisory, vendor management, and proprietary HR-Tech and Reg Tech platforms under one umbrella. The human resource services offer targeted support in recruitment, staffing, payroll processing, HR advisory including labour compliances, licenses and registration, policy drafting, just in time hiring solutions, retainership and assurance services which are designed to support regulatory compliance for businesses.

Services:

Compliance and Advisory Services

HR Services

Reg Tech

HR Tech Solutions

Vendor Management services

The company offer tech- driven solutions to streamline and digitize human resource management through our proprietary platforms CoreX and Core Pay under HR Tech, and Ctrl-F and Core -PFT under Reg Tech.

The company successfully provided our diverse range of services to more than 600 customers across more than 30 industries, spanning presence 23 states and 4 union territories by serving more than 1500 client locations through the network of 7 branch offices.

As of August 31, 2026, the company had 12166 employees.

Founded in 2009

Managing director Mahesh Krishnamoorthy

Parent organisation Coreintegra Consulting Services IPO

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Strengths and Risks

Strengths

Unlike traditional manpower agencies, the company utilizes in-house software platforms (such as CoreX and Core Pay for HR-Tech, and Ctrl-F and Core-PFT for Reg-Tech) to digitize payroll, workforce deployment, and strict labor law compliance.

The company has demonstrated robust revenue expansion, growing past ?500 crore in total income (reporting ~?516.30 crore for FY2026), driven by deep industrial reach spanning multiple states and client locations.

It serves a large, established client base across over 30 industries, offering recurring services that include white-collar staffing, examination vendor management, and statutory audit compliance.

Risks

The business is heavily dependent on a handful of major institutional clients. Historically, its top five customers have accounted for a massive majority (often over 88% to 90%) of its total revenues, creating steep vulnerability if a key contract is lost.

Despite high gross turnover, the business operates on thin margins. For FY2026, its PAT margin stood at roughly 0.87% and EBITDA margin at 1.17%, reflecting the low-margin, high-volume nature of large-scale workforce staffing.

As a business managing thousands of temporary and permanent deputed personnel, its success relies heavily on attracting, retaining, and managing workforce attrition efficiently.