Coreintegra Consulting Shares List at 0.13% Premium at ₹78.10 on NSE SME

Coreintegra Consulting Services shares made their stock market debut on September 30, 2026, listing at ₹78.10 per share on NSE SME, compared with the IPO issue price of ₹78 per share. The listing represented a 0.13% premium over the issue price.

The listing followed the company's IPO, which was open for subscription from September 23 to September 25, 2026. The ₹21.99 crore book-built issue had a price band of ₹74 to ₹78 per share and comprised an entirely fresh issue of equity shares.

The IPO was subscribed 1.40 times overall. The NII portion was subscribed 1.46 times, Individual Investors subscribed 1.42 times, and the QIB portion was subscribed 1.05 times.

Coreintegra Consulting Services provides integrated Human Resources services, including staffing, payroll outsourcing, labour law compliance, HR advisory and vendor management. The company also offers proprietary HR-Tech and RegTech solutions through its technology platforms.

Coreintegra Consulting IPO Listing Details

Coreintegra Consulting IPO was a ₹21.99 crore book-built SME issue, comprising an entirely fresh issue of approximately 28.19 lakh equity shares. There was no offer-for-sale component.

The IPO opened for subscription on September 23, 2026, and closed on September 25, 2026. The price band was fixed at ₹74 to ₹78 per share, with the issue price at the upper end of the band at ₹78.

The issue received an overall subscription of 1.40 times. Among the main investor categories, the NII portion recorded the highest subscription at 1.46 times, followed by Individual Investors at 1.42 times and QIBs at 1.05 times.

Coreintegra Consulting shares subsequently listed on NSE SME on September 30, 2026, at ₹78.10 per share, representing a premium of ₹0.10 or 0.13% over the ₹78 issue price.

- Issue Price: ₹78 per share
- NSE SME Listing Price: ₹78.10 per share
- Listing Premium: 0.13%
- Overall Subscription: 1.40 times
- Fresh Issue: ₹21.99 crore
- Offer for Sale: Nil
- Price Band: ₹74 to ₹78 per share
- IPO Open Date: September 23, 2026
- IPO Close Date: September 25, 2026
- Listing Date: September 30, 2026
- Exchange: NSE SME

First-Day Trading Performance

Listing Price: Coreintegra Consulting share price debuted at ₹78.10 per share on NSE SME, compared with the IPO issue price of ₹78. This translated into a listing premium of 0.13%.

Subscription context: The IPO was open between September 23 and September 25, 2026. It received 1.40 times overall subscription, with NIIs subscribing 1.46 times, Individual Investors 1.42 times and QIBs 1.05 times.

Growth Drivers and Challenges

Growth Drivers

Integrated HR Services: Coreintegra Consulting provides staffing, payroll outsourcing, labour law compliance, HR advisory and vendor management services through an integrated business model.

HR-Tech and RegTech Platforms: The company has developed proprietary technology platforms, including CoreX and Core Pay under HR-Tech and Ctrl-F and Core-PFT under RegTech.

Diversified Service Portfolio: Its combination of staffing, payroll, compliance, advisory and technology services enables the company to address multiple human-resource requirements of businesses.

Geographical and Industry Presence: The company serves customers across multiple industries and has operations spanning several states and union territories, providing it with a diversified operating presence.

Financial Performance: Coreintegra Consulting reported revenue of ₹516.30 crore and profit after tax of ₹4.51 crore in FY2026, compared with revenue of ₹404.39 crore and PAT of ₹3.46 crore in FY2025.

Challenges

Low Profit Margins: Despite reporting revenue of ₹516.30 crore in FY2026, the company's PAT stood at ₹4.51 crore, reflecting the relatively low-margin nature of its operations.

Employee-Intensive Operations: Staffing, payroll outsourcing and HR services depend on effective workforce management and the company's ability to manage personnel-related requirements across clients.

Regulatory Compliance: Labour law compliance and RegTech form important parts of the company's services, making changes in labour and regulatory requirements relevant to its operations.

Technology Investment: The company plans to upgrade its existing IT infrastructure using IPO proceeds, making the successful implementation of technology investments important for its operations.

Competitive Market: The HR services, staffing and payroll outsourcing segments include multiple organised and specialised service providers, making service quality, technology and client retention important competitive factors.

Utilisation of IPO Proceeds

The ₹21.99 crore Coreintegra Consulting IPO was entirely a fresh issue, with no offer-for-sale component. The fresh issue proceeds, after accounting for issue-related expenses, are intended to be deployed towards strengthening the company's management, technology infrastructure and brand presence.

The principal uses of the IPO proceeds are:
- ₹5.75 crore towards augmenting the company's leadership team
- ₹0.50 crore towards enhancing brand visibility and awareness
- ₹11.76 crore towards capital expenditure for upgrading existing IT infrastructure
- General corporate purposes

Promoter and promoter-group shareholding stood at 93.04% before the IPO and 68.03% following the issue.

Business and IPO Overview

Coreintegra Consulting Services was founded in 2009 and provides Human Resources services to businesses. Its offerings include staffing, payroll outsourcing, labour law compliance, HR advisory, vendor management and technology-based HR solutions.

The company provides HR services designed to support businesses in employee hiring, payroll management and compliance with HR-related legal and regulatory requirements.

Coreintegra Consulting has also developed proprietary technology platforms. Its HR-Tech solutions include CoreX and Core Pay, while its RegTech platforms include Ctrl-F and Core-PFT.

The company has delivered services across more than 30 industries, with a presence spanning 23 states and four union territories.

For FY2026, Coreintegra Consulting reported revenue of ₹516.30 crore and PAT of ₹4.51 crore, compared with revenue of ₹404.39 crore and PAT of ₹3.46 crore in FY2025.

The IPO was a ₹21.99 crore fresh issue with a price band of ₹74 to ₹78 per share. It opened on September 23 and closed on September 25, 2026, recording an overall subscription of 1.40 times.

Coreintegra Consulting shares listed on NSE SME at ₹78.10 per share on September 30, 2026, compared with the ₹78 issue price, representing a 0.13% listing premium.