Workmates Core2Cloud Solution IPO [Initial Public Offering] is a book build issue of 34,23,600 shares [₹69.84 crore]. The issue is a combination of a fresh issue of 29,08,800 shares [₹59.34 crore] and an offer for sale of 5,14,800 shares [₹10.50 crore].
The Workmates Core2Cloud Solution IPO will open for subscription on November 11, 2025, and close on November 13, 2025. The Workmates Core2Cloud Solution IPO allotment is expected to be finalized on November 14, 2025, while the Workmates Core2Cloud Solution IPO to be listed on the BSE and SME on November 19, 2025.
The price band for the Workmates Core2Cloud Solution IPO is fixed at ₹200 to ₹204 per share. The minimum application size is 2 lots [1,200 shares], requiring a retail investor to invest at least ₹2,44,800 [based on the upper price band]. For S-HNI investors, the minimum application size is 3 lots [1,800 shares] worth ₹3,67,200, while for B-HNI investors, it is 9 lots [5,400 shares] worth ₹11,01,600.
Workmates Core2Cloud Solution IPO Details
| Open Date | November 11, 2025 |
| Close Date | November 13, 2025 |
| Issue Type | Book Built Issue |
| Face Value | ₹10 Equity Share |
| Price Band | ₹200 – ₹204 Per Share |
| Listing On | BSE, SME |
| Issue Size | ₹69.84 Cr. [34,23,600 Shares] |
| Fresh Issue | ₹59.34 Cr. [29,08,800 Shares] |
| Offer For Sale | ₹10.50 Cr. [5,04,800 Shares] |
| Prospectus | DRHP | RHP | Anchor Investors |
Workmates Core2Cloud Solution IPO Anchor Investors Details
| Anchor Bid Date | November 10, 2025 |
| Anchor Portion Size | ₹19.58 Cr. |
| Share Offered | 9,60,000 Shares |
| Anchor lock-in period end date for 50% shares [30 Days] | December 14, 2025 |
| Anchor lock-in period end date for remaining shares [90 Days] | February 12, 2026 |
Workmates Core2Cloud Solution IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 47.39% | 16,22,400 |
| NII | 14.30% | 4,89,600 |
| RII | 33.30% | 11,40,000 |
| Market Maker | 5.01% | 1,71,600 |
| Total | 100.00% | 34,23,600 |
Workmates Core2Cloud Solution IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Min & Max | 2 | 1,200 | ₹2,44,800 |
| S-HNI Minimum | 3 | 1,800 | ₹3,67,200 |
| S-HNI Maximum | 8 | 4,800 | ₹9,79,200 |
| B- HNI Minimum | 9 | 5,400 | ₹11,01,600 |
Key Performance Indicator
| KPI | Value |
| Market Capitalisation | ₹263.54 Cr. |
| P/E Ratio | 14.66x |
| EPS | ₹13.91 |
| ROE | 67.44% |
| ROCE | 64.61% |
| RoNW | 60.85% |
| Dept/Equity | 0.38 |
| EBITDA Margin | 17.58% |
| PAT Margin | 12.85% |
| Net Assets Value | ₹22.86 |
| Price To Book Value | ₹8.92 |
Workmates Core2Cloud Solution IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Persistent System Limited | 63.10x | ₹91.22 | 24.80% | ₹405.46 |
| Orient Technologies Limited | 27.64% | ₹12.85 | 20.00% | ₹79.17 |
| LTIMindtree Limited | 33.10x | ₹155.29 | 21.50% | ₹767.28 |
Workmates Core2Cloud Solution IPO Dates
| Open Date | November 11, 2025 |
| Close Date | November 13, 2025 |
| Allotment Date | November 14, 2025 |
| Refund Date | November 17, 2025 |
| Share Credit Date | November 17, 2025 |
| Listing Date | November 18, 2025 |
Workmates Core2Cloud Solution Limited Company Financial Report
| Years | Assets | Income | Expenses | Net Worth | PAT | Borrow |
|---|---|---|---|---|---|---|
| August 2025 | ₹69.44 Cr. | ₹59.55 Cr. | ₹49.84 Cr. | ₹30.10 Cr. | ₹7.22 Cr. | ₹8.68 Cr. |
| March 2025 | ₹62.16 Cr. | ₹108.39 Cr. | ₹89.64 Cr. | ₹22.89 Cr. | ₹13.93 Cr. | ₹8.79 Cr. |
| March 2024 | ₹24.57 Cr. | ₹53.53 Cr. | ₹46.05 Cr. | ₹8.96 Cr. | ₹5.35 Cr. | — |
| March 2023 | ₹11.14 Cr. | ₹29.14 Cr. | ₹26.60 Cr. | ₹3.61 Cr. | ₹1.86 Cr. | — |
Company Promoters
- Debasish Sarkar
- Prajnashree Mohapatra
- Shilpa Mohta
- Anindya Sen
- Anjali Awasthi
- Anirban Dasgupta
- Kamal Nath
| Holding Pre Issue | 98.10% | 1,00,10,000 Shares |
| Holding Post Issue | — | 1,29,18,800 Shares |
Workmates Core2Cloud Solution IPO Lead Managers
- Horizon Management Private Limited
Workmates Core2Cloud Solution IPO Registrar
MUFG Intime India Private Limited
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India; Tel: +91 81081 14949
E-mail: workmatescore.smeipo@in.mpms.mufg.com;
Website: in.mpms.mufg.com
About The Company
Workmates Core2Cloud Solutions Limited, headquartered in Kolkata, stands as one of India’s leading AWS Premier Consulting Partners, recognized for delivering innovative, scalable, and future-ready cloud solutions. Established in 2018, the company has witnessed exceptional growth, successfully completing over 350 projects for more than 200 clients across sectors like finance, healthcare, retail, e-commerce, and media.
With a strong focus on digital transformation, Workmates Core2Cloud offers end-to-end services, including cloud migration and management, DevOps and automation, cybersecurity and analytics, and custom application development. The company also holds deep expertise in SAP infrastructure management, enabling businesses to seamlessly migrate and optimize their SAP workloads on AWS. Additionally, it continues to embrace emerging technologies such as IoT, Blockchain, AI/ML, VR, and AR to deliver next-generation solutions.
As of March 31, 2025, the company employed 129 skilled professionals across its departments. Its strong customer relationships, visionary leadership, and capital-efficient business model have positioned Workmates Core2Cloud as a trusted partner in India’s rapidly evolving cloud ecosystem.
Objects Of The Issue
- 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 Address
Workmates Core2Cloud Solution Limited
Flat 7, 3rd Floor, 3A
Rammohan Mullick Garden Lane
Kolkata, West Bengal, 700010
Phone: + 91 33 450 8492
Email: cs@cloudworkmates.com
Website: www.cloudworkmates.com/
Workmates Core2Cloud Solution IPO FAQs
What are the open and close dates of the Workmates Core2Cloud Solution IPO?
The Workmates Core2Cloud Solution IPO will open on November 11, 2025 and will close on November 13, 2025.
What is the price band for Workmates Core2Cloud Solution IPO?
The price band for the Workmates Core2Cloud Solution IPO is fixed at ₹200 to ₹204 per share.
What is the lot size of the Workmates Core2Cloud Solution IPO?
Investors can apply Workmates Core2Cloud Solution IPO for a minimum of 1,200 shares per lot and in multiples thereafter.
How can retail investors apply for the Workmates Core2Cloud Solution IPO?
Retail investors can apply through UPI-based ASBA (Application Supported by Blocked Amount) via their bank or stock broker’s platform.
What is the issue size of the Workmates Core2Cloud Solution IPO?
The total issue size of Workmates Core2Cloud Solution Limited IPO is ₹69.84 Cr., comprising both fresh issue and offer for sale (if applicable).
When will the basis of allotment for the Workmates Core2Cloud Solution IPO be finalized?
The basis of allotment Workmates Core2Cloud Solution IPO is expected to be finalized on November 14, 2025.
How can I check the allotment status of the Workmates Core2Cloud Solution IPO?
Investors can check their allotment status on the official registrar’s website once it is announced.
When will the shares of Workmates Core2Cloud Solution IPO get listed?
The Workmates Core2Cloud Solution IPO to be listed on the BSE and SME on November 18, 2025.
Is the Workmates Core2Cloud Solution IPO a good investment?
Investment decisions depend on an individual’s financial goals and risk profile. It is advised to consult with a SEBI-registered financial advisor before making any investment decision.
| Read Also |
|---|
| Workmates Core2Cloud Solution IPO GMP |
| Workmates Core2Cloud Solution IPO Subscription |
| Workmates Core2Cloud Solution IPO Allotment |
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
| Thank You… |
|---|