Coreintegra Consulting Services
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Subscription
- Qualified institutionalQIB
- 1.05×
- Big non-institutionalbNII · above ₹10 lakh
- 1.26×
- Small non-institutionalsNII · ₹2–10 lakh
- 2.11×
- Retail individualRII · up to ₹2 lakh
- 1.33×
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 9 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 30 Sep 2026 | ₹0 | — | ₹0 | ₹78 | ₹0 |
| 29 Sep 2026 | ₹0 | — | ₹0 | ₹78 | ₹0 |
| 28 Sep 2026 | ₹0 | — | ₹0 | ₹78 | ₹0 |
| 27 Sep 2026 | ₹0 | — | ₹0 | ₹78 | ₹0 |
| 26 Sep 2026 | ₹0 | — | ₹0 | ₹78 | ₹0 |
| 25 Sep 2026 | ₹0 | — | ₹0 | ₹78 | ₹0 |
| 24 Sep 2026 | ₹0 | — | ₹0 | ₹78 | ₹0 |
| 23 Sep 2026 | ₹0 | — | ₹0 | ₹78 | ₹0 |
| 22 Sep 2026 | ₹0 | — | ₹0 | ₹78 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Bids received
The demand behind each multiple — what was offered, what was bid for, and what those bids are worth
| Category | Shares offered | Shares bid for | Bids (₹ Cr) | Times |
|---|---|---|---|---|
| Qualified institutional | 2,67,200 | 2,80,000 | ₹2.18 Cr | 1.05× |
| Non-institutional | 12,03,200 | 17,53,600 | ₹13.68 Cr | 1.46× |
| Big non-institutionalwithin NII | 8,01,600 | 8,96,000 | ₹6.99 Cr | 1.12× |
| Small non-institutionalwithin NII | 4,01,600 | 8,57,600 | ₹6.69 Cr | 2.14× |
| Retail individual | 12,06,400 | 17,15,200 | ₹13.38 Cr | 1.42× |
| Total | 26,76,800 | 37,39,200 | ₹29.17 Cr | 1.40× |
Times subscribed is the figure published for each category, not shares bid for divided by shares offered — a category's multiple is struck against its own allottable base, which is not always the offered count shown beside it. Observed 25 Sept, 06:51 pm IST; the registrar publishes the final basis of allotment.
Issue details
- IPO date
- 23 Sep 2026 – 25 Sep 2026
- Listing date
- 30 Sep 2026
- Face value
- ₹10 per share
- Price band
- ₹74 – ₹78
- Lot size
- 1,600 shares
- Sale type
- Fresh capital
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹21.99 Cr
- Fresh issue
- ₹20.88 Cr 26,76,800 shares
- Offer for sale
- ₹0 Cr 0 shares
- Market cap at offer price
- ₹81.80 Cr
- Promoter holding
- 93.04% → 68.03% pre-issue → post-issue
- ISIN
- INE11ES01010
- CIN
- U74140MH2009PLC191409
- Registrar
- Purva Sharegistry (India) Pvt.Ltd.
- Lead managers
- Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.
- Registered office
- 1st Floor, 106, 107, 112, Swastik Chambers, Swastik Park, SG Barve Marg, Chembur, Mumbai City, Mumbai – 400071, Maharashtra, India
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| QIB | 2,67,200 | 9.98% | 9.48% |
| Anchor investor · within QIB | 0 | — | 0.00% |
| NII (HNI) | 12,03,200 | 44.95% | 42.68% |
| bNII > ₹10L · within NII | 8,01,600 | — | 28.43% |
| sNII < ₹10L · within NII | 4,01,600 | — | 14.25% |
| Retail (RII) | 12,06,400 | 45.07% | 42.79% |
| Employee | 0 | — | 0.00% |
| Market maker | 1,42,400 | — | 5.05% |
| Total issue | 28,19,200 | — | 100.00% |
Net offer to the public of 26,76,800 shares, out of a total issue of 28,19,200. Indented rows sit inside the category above them and are not added to it.
Application size
Minimum 1,600 shares per lot, in multiples, at ₹78
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,24,800 |
| S-HNI (min) | 2 | 3,200 | ₹2,49,600 |
| S-HNI (max) | 8 | 12,800 | ₹9,98,400 |
| B-HNI (min) | 9 | 14,400 | ₹11,23,200 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹78 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 5.88 | 4.30 |
| P/E (×) | 13.27 | 18.14 |
| Price to book (×) | 0.01 | — |
| Market cap | — | ₹81.80 Cr |
Key performance indicators
Latest reported period, consolidated
- ROCE
- 20.19%
- PAT margin
- 0.87%
- EBITDA margin
- 1.17%
- NAV per share
- ₹35.74
- Price to book
- 0.01
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Company financials
Consolidated ·₹ crore unless a row shows % or ×, as reported in the offer document
| Period ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Profit and loss | |||
| Total income | 516.3 | 404.39 | 368.44 |
| Revenue from operations | 515.15 | 402.61 | 366.37 |
| Other income | 1.15 | 1.78 | 2.07 |
| Total expenses | 511.04 | 400.23 | 362.46 |
| Operating profit | 5.26 | 4.16 | 5.98 |
| Operating margin | 1.02% | 1.03% | 1.62% |
| Profit before tax | 4.7 | 4.16 | 5.98 |
| Profit after tax | 4.51 | 3.46 | 4.94 |
| PAT margin | 0.87% | 0.86% | 1.34% |
| Balance sheet | |||
| Total assets | 68.51 | 56.8 | 49.96 |
| Current assets | 43.99 | 45.5 | 36.57 |
| Current liabilities | 38.8 | 32.88 | 28.94 |
| Total liabilities | 41.1 | 33.91 | 30.52 |
| Net worth | 27.41 | 22.89 | 19.43 |
| Current ratio | 1.13× | 1.38× | 1.26× |
| Return on equity | 16.45% | 15.12% | 25.42% |
| Cash flow | |||
| Operating cash flow | -3.05 | 1.39 | 7.55 |
| Investing cash flow | 3.69 | -6.45 | -5.06 |
| Financing cash flow | -0.07 | -0.02 | -0.04 |
| Net cash flow | 0.57 | -5.08 | 2.44 |
Objects of the issue
Stated use of the net proceeds— open a row for the issuer's full explanation
1 Capital Expenditure towards Upgrading the Existing IT Infrastructure ₹11.76 Cr
The company intends to upgrade its IT infrastructure by launching CTRL F version 3.0 with advanced AI-based OCR, real-time HRMS/ERP integration, enhanced cybersecurity, and expanded AWS deployment to improve scalability, reliability, and compliance automation across approximately lakhs of formats.
2 Augmenting Leadership Team for the Company ₹5.75 Cr
The company plans to onboard senior professionals across key functions such as regulatory compliance, digital transformation, quality, legal, marketing, and operational excellence to accelerate market entry, deepen enterprise client engagement, and strengthen service delivery.
3 Enhancing the Visibility and Awareness of the Brand ₹0.50 Cr
The company intends to invest in digital marketing, PR & media outreach, thought leadership, content marketing, and customer engagement programs to strengthen brand presence, expand market reach, and position itself as a trusted technology-driven compliance partner.
4 General Corporate Purposes —
The company intends to utilize the balance Net Proceeds for general corporate purposes including initial development costs for new products, meeting operating expenses, strengthening business development and marketing capabilities, and meeting unforeseen exigencies, subject to a cap of 15% of Gross Proceeds or a specified lakhs amount, whichever is lower.
1 of 4 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.
About Coreintegra Consulting Services
Coreintegra Consulting Services Limited, incorporated in 2009 and converted to a public limited company in 2024, is a human resources and compliance solutions company. The company provides comprehensive HR services including professional staffing, vendor management, compliance and advisory services, and proprietary technology platforms (Core X, Core Pay, Ctrl F, Core PFT). It serves over 385 clients as of March 31, 2026, with primary focus on IT/ITES and infrastructure industries. The company generates revenue through multiple segments including HR Services (63.22% of FY2026 revenue), Vendor Management Services (32.11%), Compliance and Advisory (3.71%), and emerging technology solutions. With 12,027 employees as of March 31, 2026, it operates from a registered office in Mumbai with branch offices across India.
Management
Sriram Natarajan
Director
Sangeetha Sriram
Director
Gaurav Bali
Director
Mahesh Krishnamoorthy
MD
Amitava Ghosh
Director
Rajeshwar Tripathi
Director
Manav Ravindranath Dhanda
Director
Sanjeev Kumar Chauhan
Director
Vinay Vishnu Kadam
COO
Pallav Jain
CFO
Swati Jayant Chavarkar
Director of HR
Munab Ali
Director of Operations
Strengths
As stated in the offer document
Technology Platforms Built In-House Covering All Aspects of the Human Resource Value Chain
The company has developed four proprietary digital platforms — Ctrl-F, CoreX, Core PFT, and Core Pay — since Fiscal 2015, with 4 registered copyrights in India; EBITDA grew at a CAGR of 18.58% from Fiscal 2024 to Fiscal 2026, supported by a 30-member IT team maintaining these platforms.
Deep Domain Expertise Delivered Through Comprehensive Solutions Across Industries
The company is served across more than 30 industries including IT/ITES, Infra, Power, Banking, Manufacturing, and others, with IT/ITES contributing 55.31% (₹28,494.49 Lakhs) and Infra contributing 35.59% (₹18,335.70 Lakhs) to revenue from operations in Fiscal 2026.
Wide Geographic Presence with Efficient Labour Law Compliance Capabilities
The company has established a presence across 23 states and 4 union territories in India, serving clients at more than 1,500 locations through 7 branch offices, with Maharashtra contributing 87.97% (₹45,317.57 Lakhs) of revenue from operations in Fiscal 2026.
Established Long-Term Relationships with Clients Leading to Recurring Business
The company has served 385, 374, and 288 customers in Fiscals 2026, 2025, and 2024 respectively; the top 10 clients contributed 92.35% (₹47,575.69 Lakhs) of revenue in Fiscal 2026, with the top customer alone accounting for 53.01% (₹27,310.06 Lakhs), and average contract duration of 1 to 3 years.
Experience of Promoters and Management Team
The company is led by promoters Sriram Natarajan, Sangeetha Sriram, and Gaurav Bali, along with Managing Director Mahesh Krishnamoorthy who has two decades of finance and business strategy experience; the senior management team collectively holds an average experience of over 5 decades in human resource services, as of March 31, 2026.
Track Record of High Quality and Efficient Service Delivery
The company is ISO/IEC 27001:2022 and ISO 9001:2015 certified and holds the 'Safe to Host / Web Clearance Security Certificate' from Bharat Cyber Solutions; it has received awards including 'Most Innovative HR Tech Award' and 'Best HR Compliance Software' at international forums.
Risk factors
As stated in the offer document
High Customer Concentration Risk
The company's top five customers contribute approximately 89.31%, 88.04%, and 90.16% of revenues for FY2026, FY2025, and FY2024 respectively, with the largest single customer accounting for over 53% of revenue in FY2026. Any loss of business from one or more of these key customers could materially and adversely affect the company's revenues, profitability, and financial condition.
Manpower Attrition and Talent Retention Risk
The company is highly manpower-intensive with 12,027 employees as of March 31, 2026, and faces a significant attrition rate of 54% in FY2026 (up from 42% in FY2025 and FY2024). Inability to attract, train, and retain skilled personnel could adversely impact service quality, client satisfaction, and overall financial performance.
Industry Concentration and Sector Dependency Risk
The company is heavily dependent on clients from the IT/ITES and Infrastructure industries, which together accounted for approximately 90.91%, 89.99%, and 90.38% of revenue from operations in FY2026, FY2025, and FY2024 respectively. Any downturn, technological disruption, or adverse economic conditions affecting these sectors could significantly reduce demand for the company's services.
Cybersecurity and Data Privacy Risk
The company controls and processes significant volumes of personal and sensitive data, making it vulnerable to security breaches, cyberattacks, and data leakage. Non-compliance with data protection regulations, including the Digital Personal Data Protection Act, 2023, could result in substantial financial penalties, reputational damage, and increased operational costs.
Statutory Dues Non-Compliance and Delayed Payments Risk
The company has a documented history of delays in payment of statutory dues including EPF, Labour Welfare Fund, Profession Tax, and ESIC across multiple financial years (FY2022 through FY2026), with delays extending up to 1,692 days in some cases. Such non-compliance exposes the company to financial penalties, regulatory actions, and reputational harm from government authorities.
Short-Term and Terminable Client Contracts Risk
The company typically operates under short-term contracts of one-year duration, with longer-term contracts not exceeding three years, and clients retain the right to terminate with notice. This structure creates revenue uncertainty and exposes the company to the risk of significant revenue loss if major clients choose not to renew or terminate contracts.
Geographical Revenue Concentration Risk
The company generates approximately 87.97%, 94.13%, and 94.28% of total revenue from the state of Maharashtra for FY2026, FY2025, and FY2024 respectively. This high geographical concentration heightens exposure to adverse regional economic, regulatory, or competitive developments that could materially impact overall financial performance.
Extensive Regulatory and Labour Law Compliance Risk
The company operates under a complex and evolving framework of central and state labour laws, including the CLRA Act, EPF Act, ESI Act, and new Labour Codes, which impose significant compliance obligations. Any changes in regulations, failure to comply, or adverse regulatory interpretations could result in penalties, increased costs, and disruption to business operations.
Technology Dependency and Obsolescence Risk
The company relies on proprietary technology platforms (Core X, Core Pay, Ctrl F, Core PFT) with gross carrying amounts of ₹1,736.48 Lakhs, ₹1,334.91 Lakhs, and ₹1,038.75 Lakhs for FY2026, FY2025, and FY2024 respectively. Failure to maintain, upgrade, or successfully monetize these platforms, or disruption from emerging competitors, could adversely affect service quality, competitive positioning, and financial results.
Trade Receivables and Cash Flow Risk
Trade receivables represent a significant portion of total assets at 40.02%, 40.51%, and 37.58% (₹2,741.95 Lakhs, ₹2,301.22 Lakhs, and ₹1,877.47 Lakhs) for FY2026, FY2025, and FY2024 respectively, with the company also recording negative operating cash flows in FY2026. Customer payment delays or defaults could adversely affect liquidity, profitability, and the company's ability to meet its own financial obligations.
Company Analysis
from RHPCoreintegra Consulting Services Limited is an HR and compliance solutions provider offering staffing services, HR technology platforms, and regulatory technology solutions across IT/ITES and infrastructure sectors in India.
Coreintegra Consulting Services Limited, incorporated in 2009 and converted to a public limited company in 2024, is a human resources and compliance solutions company. The company provides comprehensive HR services including professional staffing, vendor management, compliance and advisory services, and proprietary technology platforms (Core X, Core Pay, Ctrl F, Core PFT). It serves over 385 clients as of March 31, 2026, with primary focus on IT/ITES and infrastructure industries. The company generates revenue through multiple segments including HR Services (63.22% of FY2026 revenue), Vendor Management Services (32.11%), Compliance and Advisory (3.71%), and emerging technology solutions. With 12,027 employees as of March 31, 2026, it operates from a registered office in Mumbai with branch offices across India.
Objects of the Issue
- Funding capex and technology infrastructure upgrades p.28
- General corporate purposes p.12
- Capital expenditure towards upgrading the existing IT infrastructure ₹1,175.79 lakhs p.92
- Augmenting Leadership Team for the Company ₹575.00 lakhs p.92
- Enhancing the visibility and awareness of our brand ₹50.00 lakhs p.92
- General corporate purposes p.92
- Funding capex for technology enhancement and development of new technology platforms p.147
- General corporate purposes
- —
Issue Structure
- Total Issue
- Upto ₹[●] Lakhs (28,19,200 Equity Shares of face value ₹10 each)
- Fresh Issue
- Upto ₹[●] Lakhs (Upto 28,19,200 Equity Shares aggregating up to ₹[●] lakhs)
- Offer for Sale
- Not Applicable
- Price Band
- Price Band of a minimum price (Floor Price) of ₹[●] and the maximum price (Cap Price) of ₹[●]
- Lot Size
- Minimum bid lot size shall be two lots i.e [●] Equity Shares (Minimum two lots)
- Face Value
- ₹10/- each
Business Model
The company earns revenue through providing staffing and HR solutions on short-term contracts (typically one-year), vendor management services, compliance and regulatory advisory services, HR technology platform licensing, and regulatory technology (Reg Tech) solutions. Revenue is generated primarily from client-based services, with contracts typically containing 30-day credit terms.
Business Segments
SWOT Analysis
- • In-house developed technology platforms covering full HR value chain(p.141)
- • Integrated services model offering staffing, compliance, payroll and HR-Tech(p.139)
- • Strong long-term client relationships with high retention(p.144)
- • Broad geographic presence with compliance capabilities(p.143)
- • Deep domain expertise across 30+ industries(p.142)
- • Experienced management team and promoters(p.145)
- • High quality service delivery with certifications(p.145)
- • Revenue CAGR of 18.58% demonstrating scalability(p.139)
- • Diversified service portfolio in staffing and compliance(p.212)
- • Consistent revenue growth trajectory(p.209)
- • Technology-enabled compliance solutions with awards recognition(p.175)
- • Experienced leadership team with industry expertise(p.182)
- • Strong promoter backing and significant shareholding(p.195)
- • No time or cost overruns in project execution(p.175)
- • Integrated HR solutions provider with proprietary technology platforms(p.260)
- • Diverse customer base across 30+ industries with long-standing relationships(p.260)
- • Strong revenue growth trajectory with consistent CAGR(p.260)
- • High client retention and increasing platform adoption(p.264)
- • Internally developed proprietary technology platforms enabling operational independence(p.261)
- • Positive net worth and strong financial position with no debt(p.247)
- • Top 5 customers represent 89-90% of revenue; loss of major customer could severely impact profitability(p.25)
- • Client contracts are short-term with termination provisions and no volume guarantees(p.30)
- • High employee attrition rate of 54% in FY2026 could disrupt service delivery and client relationships(p.29)
- • Significant outstanding statutory dues delayed in payment (EPF, Labour Welfare Fund, Profession Tax)(p.33)
- • Substantial contingent liabilities of Rs. 22.61 Lakhs not yet provisioned(p.31)
- • Trade receivables constitute 40% of total assets; customer payment defaults could affect cash flows(p.42)
- • Delayed filing of statutory forms with RoC including up to 237 days delay in Form MGT-14(p.44)
- • Registered office and branch offices are on lease; termination could disrupt operations(p.32)
- • Dependence on Maharashtra—87.97% of FY2026 revenue concentrated in one state(p.43)
- • Exposure to labor unionization risk despite current non-unionized workforce(p.50)
- • High dependence on key management personnel for business strategy and operations(p.51)
- • Some directors lack listed-company board experience(p.52)
- • No independent appraisal of funding requirements; deployment discretionary with Board(p.51)
- • Related party transactions lack assurance of arm's length terms(p.50)
- • Heavy dependence on top 2 customers (86.58% of revenue)(p.145)
- • Low EBITDA and PAT margins (1.17% and 0.87% respectively)(p.141)
- • High customer acquisition costs limiting scalability(p.135)
- • Declining ROE and RoCE from prior years(p.141)
- • High dependence on managed staffing services(p.161)
- • Dependence on key personnel for operations(p.48)
- • Outstanding statutory compliance arrears(p.224)
- • Delayed constitution of Audit Committee post-conversion to public company(p.223)
- • Payroll system audit trail deficiency(p.222)
- • Limited operating history as public company(p.174)
- • High concentration of revenue from top customers creating dependency risk(p.272)
- • Low net profit margins indicating operational pressures(p.263)
- • Significant tax demands against promoter directors(p.276)
- • Working capital efficiency declining with reduced net working capital(p.263)
- • Expansion into underserved markets across 23 states and 4 union territories(p.43)
- • Growing HR-Tech market in India expanding at 14.1% CAGR through FY25, projected 10.7% CAGR to FY30(p.94)
- • Increasing regulatory complexity and demand for integrated compliance tech driving adoption(p.94)
- • Labor compliance services market grew from INR 133 thousand Cr (FY20) to INR 232 thousand Cr (FY25) at 11.9% CAGR(p.101)
- • Leverage Ctrl F product capabilities including custom dashboards and real-time monitoring(p.94)
- • Large addressable market projected to grow at 13.8% CAGR to INR 443 Cr by FY30(p.131)
- • Growing demand for HR-Tech and compliance technology solutions(p.131)
- • Expansion into underserved gig economy and startup sectors(p.137)
- • Shift towards compliance outsourcing and SaaS models(p.147)
- • Growing India workforce with demographic dividend(p.129)
- • Rapid startup ecosystem expansion creating staffing demand(p.128)
- • Compliance outsourcing segment fastest-growing at 15.5% CAGR(p.130)
- • Expansion into emerging compliance markets under Social Security Code(p.172)
- • Growing coverage of unorganized and gig economy workers(p.172)
- • Technology-enabled service delivery and market digitalization(p.172)
- • Scaling of existing platforms and product portfolio(p.175)
- • Geographic expansion and service diversification(p.175)
- • Labor law consolidation creating expanded compliance services demand(p.261)
- • Growing adoption of HR technology and digital solutions in India(p.262)
- • Expansion of market share and client wallet penetration(p.261)
- • Diversification across business verticals and new client acquisition(p.264)
- • Revenue heavily concentrated in IT/ITES and Infra industries (90.91% in FY2026); sector downturns could materially impact business(p.27)
- • Intense competition from organized and unorganized players could erode market share and margins(p.48)
- • Changes in labour laws and government regulations could increase costs or restrict service offerings(p.49)
- • Regulatory approvals and permits may not be obtained timely; expired permits could interrupt operations(p.48)
- • Complex and evolving labor legislation; non-compliance may result in penalties and reputational damage(p.50)
- • New labor codes may restrict business growth and increase operational costs(p.50)
- • Cannot recover increased labor compliance costs from clients if legislative requirements change(p.50)
- • Continued COVID-19 pandemic impacts remain highly uncertain and unpredictable(p.52)
- • Changes in government regulations or their implementation could disrupt operations(p.53)
- • Political instability and changes to economic liberalization policies threaten business conditions(p.53)
- • Global economic volatility and foreign exchange fluctuations could harm business performance(p.54)
- • Industry report commissioned by company may contain inaccuracies or be outdated(p.52)
- • Data privacy and cybersecurity risks in HR-Tech platforms(p.135)
- • Intense competition from large integrated players(p.135)
- • Organizational resistance to HR technology adoption(p.135)
- • Complex and changing labour law compliance requirements(p.134)
- • Dependence on compliance expertise and regulatory knowledge(p.134)
- • Industry fragmentation may lead to consolidation pressure(p.135)
- • Regulatory changes in labour and social security compliance(p.172)
- • Foreign investment regulatory constraints(p.173)
- • Competition from established and new entrants in staffing and compliance services(p.21)
- • Economic cycles and discretionary spending fluctuations(p.202)
- • Customer concentration and revenue dependency(p.48)
- • Highly fragmented and competitive staffing industry with low entry barriers(p.262)
- • Economic sensitivity affecting staffing demand and pricing pressure(p.261)
- • Dependence on employee retention and recruitment in competitive labor market(p.261)
- • Risk of adverse impact from unfavorable labor law changes and regulatory complexity(p.261)
- • Cybersecurity and data breach risks in technology platforms(p.261)
- • Risk of rapid technological change and platform obsolescence(p.261)
- • Outstanding litigation and contingent liabilities involving promoter(p.274)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Sriram Natarajan | Promoter | — | — |
| Sangeetha Sriram | Promoter | — | — |
| Gaurav Bali | Promoter | — | — |
| Sriram Natarajan | Promoter | 49.13% | — |
| Sangeetha Sriram | Promoter | 2.87% | — |
| Gaurav Bali | Promoter | 12.51% | — |
| Eureka Outsourcing Solutions Private Limited | Promoter Group | 28.52% | — |
| Sowmya Sriram Bali | Promoter Group | 0.01% | — |
| Sriram Natarajan | Promoter | — | — |
| Sangeetha Sriram | Promoter | — | — |
| Gaurav Bali | Promoter | — | — |
| Sriram Natarajan | Promoter/Chairman | 49.13% | — |
| Sangeetha Sriram | Promoter/Non-Executive Director | 2.87% | — |
| Gaurav Bali | Promoter/Non-Executive Director | 12.51% | — |
| Mahesh Krishnamoorthy | Promoter/Managing Director | — | — |
| Sriram Natarajan | Promoter | — | — |
| Sangeetha Sriram | Promoter | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Peer comparison
The comparable listed companies named in the offer document, as on 31 Mar 2026
| Company | EPS | NAV | P/E | P/BV | RoNW |
|---|---|---|---|---|---|
| Coreintegra Consulting Services THIS ISSUE | 5.88 | 35.74 | 18.14, computed at the offer price | 0.01, computed at the offer price | 16.46% |
| 83.30 | 622.12 | 28.04 | 2.92 | 13.55% | |
| 14.85 | 78.11 | 87.67 | 3.45 | 19.05% |
Blank cells are figures the offer document does not publish. This issue is unlisted, so it has no market price and the document publishes no multiple for it — its P/E and P/BV here are computed at the offer price, on the post-issue share count, and are comparable to a listed peer's.