Upcoming IPO: Core Integra Consulting Services
Mumbai-based Core Integra Consulting Services has recently filed its draft papers with the Securities and Exchange Board of India (SEBI) on September 5, 2025, to raise funds through an initial public offering (IPO) on the Emerge Platform of the National Stock Exchange of India Limited. This marks a significant step for the company, which has been a key player in the human resources (HR) and compliance solutions sector since its inception in 2009.
Company Overview
Core Integra Consulting Services specializes in a wide range of consulting services, including labor law compliance, HR operations, payroll processing, permanent hiring, manpower solutions, and employee benefits. The company has carved a niche for itself by providing comprehensive solutions that cater to the diverse needs of its clients. Through its subsidiary, Core Integra Global, the firm also offers proprietary technology solutions, focusing on robotic process automation and artificial intelligence, thereby enhancing its service offerings.
Core Integra Consulting Services IPO Details
The proposed IPO will involve a fresh issue of 35 lakh equity shares, employing the book-building method. This approach allows for allocations to be made to various categories of investors, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Individual Investors (IIs). The strategic structure of the IPO aims to attract a diverse range of investors, reflecting the company’s commitment to broadening its investor base.
Utilization of IPO Proceeds
Core Integra plans to utilize the funds raised from the IPO for several key initiatives. Primarily, the company aims to upgrade its IT infrastructure, which is crucial for maintaining its competitive edge in the rapidly evolving HR and compliance landscape. Additionally, strengthening its leadership team and enhancing brand visibility are pivotal goals. Investments in technology have already improved Core Integra’s HR-Tech and Reg-Tech platforms, and the company is committed to leveraging technological advancements to drive scalability, enhance compliance, and promote digital innovation.
About Core Integra Consulting Services
Headquartered in Mumbai, Core Integra operates regional offices in Pune, Solapur, Bangalore, Chennai, Delhi, and Kolkata. The company serves over 500 clients across more than 30 industries in 20 states, providing a comprehensive suite of services that includes staffing, payroll outsourcing, compliance, Reg-Tech solutions, HR, vendor management, and advisory services.
Core Integra has developed proprietary platforms such as CoreX, Core Pay, Ctrl-F, and Core-PFT, which aim to digitalize workforce management and regulatory compliance. Between FY23 and FY25, the company reported a revenue compound annual growth rate (CAGR) of 10.75%, indicating robust growth and a solid market position.
In 2016, the establishment of Core Integra Global Services Private Limited (CIGSPL) marked a significant expansion of the company’s capabilities, focusing on in-house cloud-based Software-as-a-Service (SaaS) solutions. This strategic move has further solidified Core Integra’s position as a leader in the HR and compliance solutions market.
Conclusion
The upcoming IPO of Core Integra Consulting Services represents an exciting opportunity for investors looking to engage with a company that is not only well-established but also poised for growth in a dynamic industry. With a clear strategy for utilizing the funds raised and a commitment to technological innovation, Core Integra is set to enhance its service offerings and expand its market reach.
As always, potential investors are advised to conduct thorough research and consult with certified experts before making any investment decisions.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.