Workmates Core2Cloud Solution
BSE SME₹244800 / Individual : 1200 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 13 Nov 2025, 06:57 PM |
| QIBs | 147.03 times |
| NII | 203.31 times |
| Total | 141.45 times |
Workmates Core2Cloud Solution IPO Details
The Workmates Core2Cloud Solution IPO price band is set between ₹200-204 per equity share, with a face value of ₹10 per share. The issue is managed by MUFG Intime India Pvt.Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 11 Nov, 2025 and closes on 13 Nov, 2025. Investors can check the allotment status on 14 Nov, 2025, while the listing date is tentatively scheduled for 18 Nov, 2025.
The total issue size is 34,23,600 shares, aggregating up to ₹69.84 crore. Stay tuned for the latest Workmates Core2Cloud Solution IPO review and GMP updates.
Workmates Core2Cloud Solution IPO Review, Rating & Analysis
Workmates Core2Cloud Solution IPO Review
May ApplyWorkmates Core2Cloud Solution IPO Rating
Workmates Core2Cloud Solution IPO Highlights
IPO Date
Nov 11, 2025 - Nov 13, 2025
Listing Date
18 Nov, 2025
Face Value
₹10 Per Equity Share
Price Band
₹200-204 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Workmates Core2Cloud Solution IPO Lot Size
The minimum market lot for Workmates Core2Cloud Solution IPO is 1200 shares with an application amount of ₹2,44,800. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹2,44,800 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 1200 | ₹2,44,800 |
| S-HNI (Max) | 4 | 4800 | ₹9,79,200 |
| B-HNI (Min) | 5 | 6000 | ₹12,24,000 |
Workmates Core2Cloud Solution IPO Timeline
Issue Price
₹200-204 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
MUFG Intime India Pvt.LtdLead Manager
Horizon Financial Pvt.LtdIssue Size
34,23,600 shares(aggregating up to ₹69.84 crore)Workmates Core2Cloud Solution IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Aug-25 | 69.44 | 59.55 | 7.22 | 30.10 | 20.09 | 8.68 |
| 31-Mar-25 | 62.16 | 108.39 | 13.93 | 22.89 | 22.88 | 8.79 |
| 31-Mar-24 | 24.57 | 53.53 | 5.35 | 8.96 | 8.95 | N/A |
| 31-Mar-23 | 11.14 | 29.14 | 1.86 | 3.61 | 3.60 | N/A |
In Cr.
Workmates Core2Cloud Solution IPO Documents
Workmates Core2Cloud Solution IPO Valuations
EPS Pre IPO
₹13.91/-EPS Post IPO
₹13.41/-PE Pre IPO
14.66PE Post IPO
15.21ROE
67.44%ROCE
64.61%Debt Equity
0.38RoNW
60.85%PAT Margin
12.85%Price to Book Value
8.92Promoters & Share Holding
Promoter(s) Name
- Debasish Sarkar
- Prajnashree Mohapatra
- Shilpa Mohta
- Anindya Sen
- Anjali Awasthi
- Anirban Dasgupta
- Kamal Nath
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 98.10% | % |
About Company
Workmates Core2Cloud Solution Limited, a Kolkata-based AWS Premier Consulting Partner, has earned its name for scalable and innovative cloud solutions across India. It has grown rapidly since its inception in 2018 and has successfully completed over 350 projects for more than 200 clients across industries like finance, healthcare, retail, e-commerce, and media.
Workmates Core2Cloud specialises in a comprehensive range of cloud services:
Cloud Migration & Managed Services: Seamless transition and management of applications on AWS, ensuring optimized performance and cost-efficiency.
DevOps & Automation: Implementation of CI/CD pipelines and infrastructure automation using tools like AWS CloudFormation.
Cybersecurity & Analytics: Robust security solutions for cloud and hybrid environments, coupled with data analytics services.
SAP Infrastructure Support: Expertise in migrating and managing SAP workloads on AWS.
Emerging Technologies: Services include IoT, Blockchain, AI/ML, VR, and AR.
As of March 31, 2025, the company had a total strength of 129 in various departments.
Workmates Core2Cloud Solution IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,62,400 / 4,89,600 | <span>
11,40,000
</span> | 22,92,000 | |
Day 111-11-25 06:00 PM | 0.00 / 3.63 x | <span>
1.72
x
</span> | 1.63 x | |
Day 212-11-25 06:00 PM | 1.48 / 13.58 x | <span>
10.19
x
</span> | 8.40 x | |
Day 313-11-25 06:00 PM | 147.03 / 203.31 x | <span>
111.64
x
</span> | 141.45 x |
Ind:111.64x
BHNI:75.04x
SHNI:106.62x
Workmates Core2Cloud Solution IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Prepayment or repayment of secured loan availed by the Company from Banks / Financial Institutions | - |
| Funding of Working Capital requirement of the company. | - |
| General Corporate Purposes | - |
Company Contact Details
Workmates Core2Cloud Solution
Flat 7, 3rd Floor, 3A Rammohan Mullick Garden Lane Kolkata, West Bengal, 700010Registrar Contact Details
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: workmatescore.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Frequently Asked Questions about Workmates Core2Cloud Solution IPO
When will Workmates Core2Cloud Solution IPO open for subscription?
The Workmates Core2Cloud Solution IPO opens on 11 Nov, 2025 and closes on 13 Nov, 2025.
What is the investors portion for Workmates Core2Cloud Solution IPO?
The investors' portion for QIB is 147.03 203.31 x, NII is 111.64 x, and Retail is .
How to apply for Workmates Core2Cloud Solution IPO?
You can apply for Workmates Core2Cloud Solution IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Workmates Core2Cloud Solution IPO?
The issue size of Workmates Core2Cloud Solution IPO is approx ₹34,23,600 shares(aggregating up to ₹69.84 crore) crores.
What is the price band of Workmates Core2Cloud Solution IPO?
The price band for Workmates Core2Cloud Solution IPO is ₹200 to ₹204 per equity share.
What is the lot size of Workmates Core2Cloud Solution IPO?
The minimum bid (lot size) for Workmates Core2Cloud Solution IPO is 600 shares with an investment of approx ₹244800 .
What is the allotment date of Workmates Core2Cloud Solution IPO?
The allotment date for Workmates Core2Cloud Solution IPO is 14 Nov, 2025.
What is the listing date of Workmates Core2Cloud Solution IPO?
The listing date for Workmates Core2Cloud Solution IPO is expected to be 18 Nov, 2025.
What is the GMP of Workmates Core2Cloud Solution IPO?
The latest Grey Market Premium (GMP) for Workmates Core2Cloud Solution IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.