{
  "id": 15604298,
  "title": "Core4 Engineers to raise ₹55 cr via IPO on BSE SME platform",
  "url": "https://urgent.news/2026/10/19/core4-engineers-to-raise-55-cr-via-ipo-on-bse-sme-platform",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T12:53:12.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/core4-engineers-to-raise-55-cr-via-ipo-on-bse-sme-platform/article71602635.ece"
  },
  "original_language": "en",
  "account": "Core4 Engineers, a diversified infrastructure solutions provider, has announced plans to raise ₹55 crore through an initial public offering (IPO) on the BSE SME platform. The company will issue 58.94 lakh equity shares within a price range of ₹88 to ₹93 per share. The IPO listing will commence on October 23, with the net proceeds earmarked for capital expenditure, including the acquisition of a property, setting up a manufacturing facility and corporate office, boosting working capital, and other general corporate purposes. Socradamus Capital will act as the Book Running Lead Manager, while Purva Sharegistry (India) will serve as the Registrar. Core4 Engineers, led by Managing Director Agrahara Chamaraje Gowda Abhinandan, has grown to offer integrated solutions in railway electrification, power transmission and distribution, water and wastewater treatment, and automation systems. The company anticipates substantial growth opportunities as India advances its infrastructure development and modernization efforts. Priyesh Jain, Director of Socradamus Capital, expects the IPO funds to enhance operational efficiency, facilitate business scalability, and lay a robust foundation for future expansion. Core4 Engineers' diversified business model, integrated engineering capabilities, and strategic growth initiatives position it well to capitalize on emerging opportunities in the market.",
  "summary": "Core4 Engineers to issue 58.94 lakh equity shares in the price band of ₹88 - ₹93 a share",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}