The issue opens for subscription on Friday, October 23.

Core4 Engineers, an integrated EPCC company providing solutions for Railway electrification and wastewater treatment, plans to raise ₹55 crore through its initial public offering (IPO) on BSE SME platform.

The company will issue 58.94 lakh equity shares in the price band of ₹88 - ₹93 a share. The issue opens for subscription on Friday, October 23.

The net proceeds from the IPO will be used to fund capital expenditure for the acquisition of a property comprising land and an existing building, establishing a new manufacturing facility and corporate office, incremental working capital and general corporate purposes.

Socradamus Capital will be the Book Running Lead Manager while Purva Sharegistry (India) has been appointed as the Registrar.

Agrahara Chamaraje Gowda Abhinandan, Managing Director, Core4 Engineers said over the years, the company has evolved as an integrated infrastructure solutions provider, establishing capabilities across railway electrification, power transmission and distribution, water and wastewater treatment, and automation systems.

As India continues to accelerate its infrastructure development and modernisation, the company sees significant opportunities ahead across core business segments, he added.

Priyesh Jain, Director, Socradamus Capital, said the proceeds from the issue are expected to improve the company’s operational efficiency, support business scalability, and create a stronger foundation for future expansion.

The company’s diversified business model, integrated engineering capabilities, and strategic growth initiatives position it to capitalise on emerging opportunities, she said.

Published on October 19, 2026