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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding working capital requirements
Funding incremental working capital requirements to finance ongoing operations and turnkey EPC infrastructure projects.
Capital expenditure for manufacturing unit and corporate office
Funding capital expenditure towards acquiring land and an existing building for establishing an expanded manufacturing facility and corporate office.
General corporate purposes
Funding general corporate expenses and operational contingencies.
(₹ in Crore)
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Core4 Engineers Limited is an Indian engineering, procurement, construction, and commissioning (EPCC) enterprise headquartered in Mysuru, Karnataka. Incorporated in 2022 with operational roots tracing back to 2014, the company delivers integrated infrastructure solutions for public utilities, government departments, and private sector industrial developers across India. The company focuses its project execution across three core verticals: railway electrification and trackside infrastructure, power transmission and distribution networks spanning high-voltage substations, and water and wastewater treatment facilities. Within these sectors, Core4 Engineers handles complex turnkey assignments requiring integrated civil, electrical, and mechanical engineering execution. Alongside on-site construction, the company operates an in-house manufacturing unit for high-tension (HT) and low-tension (LT) electrical panels, compact substations, and automated control cabinets. This internal production capability supports quality control and delivery timelines across full project lifecycles from engineering design through testing, commissioning, and ongoing maintenance.
Ahead of its public opening, the company raised approximately Rs 14.36 crore from anchor investors, allocating 15,44,400 equity shares at the upper price band of Rs 93 per share to five institutional investors including Vikasa India EIF I Fund, LRSD Capital, and Shine Star Build-Cap.
Source: RHP • Analysis provided for informational purposes
Last Updated: 23 October 2026, 3:52 AM
Proven multi-sector execution capabilities
The company delivers turnkey engineering, procurement, and construction solutions across power distribution, railway electrification, and municipal water treatment projects.
Integrated in-house electrical manufacturing
Internal fabrication of high-tension and low-tension distribution panels and compact substations enhances delivery reliability, quality control, and operating margins.
Established railway electrification expertise
Demonstrated capabilities in overhead traction lines, trackside infrastructure, and specialized substations position the business to benefit from continuous railway modernization.
Experienced promoters and technical leadership
The founding promoters and management team bring extensive industry experience and technical background in executing complex infrastructure contracts.
Geographical revenue concentration
Over 95 percent of historical revenues originate from infrastructure contracts in Karnataka, leaving operational results exposed to regional policy and budget cycles.
Substantial working capital requirements
Turnkey engineering projects involve milestone billing schedules and retention money, requiring continuous and significant working capital financing.
Customer concentration risks
A significant portion of overall turnover depends on a limited portfolio of institutional clients, state utilities, and government departments.
Core4 Engineers Limited
Mathrushree No. 12, 1st Floor, Near Ramana Maharshi Gyana Kendra, Next to New Court, K Block, Kuvempunagar, Mysuru, Karnataka - 570023, India
View on Maps →Purva Sharegistry (India) Private Limited
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Execution and subcontractor dependencies
Project execution timelines are vulnerable to subcontractor performance, right-of-way handovers, statutory approvals, and site clearance delays.