Mysuru-based Core4 Engineers, an EPCC company, has filed its draft papers with BSE’s SME platform to raise funds through an initial public offering.
The Initial Public Offering (IPO) is entirely a fresh issue of up to 58.94 lakh equity shares with a face value of ₹10 each, according to the Draft Red herring prospectus (DRHP) filed on March 29.
The net proceeds from the issue will be used in funding capital expenditure for the acquisition of a property comprising land and an existing building, proposed to be utilised for establishing and operating a new manufacturing unit and corporate office.
Funds will also be utilised by the company to fund its incremental working capital requirements, general corporate purposes and issue related expenses.
On the financial front, the company reported a revenue from operations of ₹34.15 crore and Profit After Tax (PAT) of ₹3.81 crore for the period ended March 31 2025.
For the six-month period ended September 30, 2025, Core4 Engineers posted a revenue of ₹47.07 crore and PAT of ₹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.