New Delhi, April 2 Core4 Engineers, a company based in Mysuru and specializing in EPCC (Engineering, Procurement, Construction, and Commissioning), has filed its draft papers with the BSE's SME platform to raise funds through an initial public offering (IPO).
According to the Draft Red Herring Prospectus (DRHP) filed on March 29, the IPO involves the issuance of up to 58.94 lakh equity shares with a face value of Rs 10 each.
The net proceeds from the IPO will be used to fund capital expenditure for acquiring a property consisting of land and an existing building, which will be used to establish and operate a new manufacturing unit and corporate office.
The company will also use the funds to meet its incremental working capital requirements, general corporate purposes, and expenses related to the IPO.
Core4 Engineers is an engineering, procurement, construction, and commissioning (EPCC) firm that provides integrated infrastructure solutions across various domains, with a primary focus on railway infrastructure and power transmission & distribution.
The company's expertise covers the entire project lifecycle, including design engineering, procurement, erection, testing, commissioning, and operation & maintenance.
For the period ended March 31, 2025, the company reported revenue of Rs 34.15 crore and Profit After Tax (PAT) of Rs 3.81 crore.
For the six-month period ended September 30, 2025, Core4 Engineers reported revenue of Rs 47.07 crore and PAT of Rs 6.05 crore.
The company's shares are proposed to be listed on the SME Platform of BSE Ltd.
Socradamus Capital Pvt Ltd is the sole book running lead manager, while Purva Sharegistry (India) Pvt Ltd is the registrar for the public issue.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.