Workmates Core2Cloud Solution IPO Details
SME
Workmates Core2Cloud Solution IPO opens for subscription on 11 Nov 2025 and closes on 13 Nov 2025. The IPO will be listed on BSE with the tentative listing date set for 18 Nov 2025.
Workmates Core2Cloud Solution IPO price band has been fixed at ₹200 – ₹204 per share.The face value is ₹10 per share with a lot size of 600.
Workmates Core2Cloud Solution IPO total issue size comprises 34,23,600 shares (aggregating up to ₹69.84 Cr.). This includes a fresh issue of 29,08,800 shares (aggregating up to ₹59.34 Cr.). Offer for Sale consists of 5,14,800 shares (aggregating up to ₹10.50 Cr.). Pre-issue shareholding stands at 1,00,10,000, which will increase to 1,29,18,800 post-issue.
Workmates Core2Cloud Solution IPO carries a ₹88 (43.1%) GMP, reflecting investor sentiment.
Workmates Core2Cloud Solution IPO Lot Size : Individual Minimum is 2 lots (1,200 shares) amounting to ₹244,800. Individual Maximum is 2 lots (1,200 shares) amounting to ₹244,800. SHNI Minimum is 3 lots (1,800 shares) amounting to ₹367,200. SHNI Maximum is 8 lots (4,800 shares) amounting to ₹979,200. BHNI Minimum is 9 lots (5,400 shares) amounting to ₹1,101,600.
The Lead Managers for Workmates Core2Cloud Solution IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Horizon Management Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Giriraj Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Workmates Core2Cloud Solution Limited RHP.
Workmates Core2Cloud Solution IPO Details
Workmates Core2Cloud Solution IPO Subscription
Workmates Core2Cloud Solution IPO Application Wise Breakup
Workmates Core2Cloud Solution IPO Dates
- 11 Nov 2025Opening dateOPD
- 13 Nov 2025Closing dateCOD
- 14 Nov 2025Allotment Date BOA
- 17 Nov 2025Initiation of RefundsIOR
- 17 Nov 2025Credit of SharesCOS
- 18 Nov 2025Listing dateLID
Workmates Core2Cloud Solution IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 1200 | ₹244,800 |
| Individual Maximum | 2 | 1200 | ₹244,800 |
| SHNI Minimum | 3 | 1800 | ₹367,200 |
| SHNI Maximum | 8 | 4800 | ₹979,200 |
| BHNI Minimum | 9 | 5400 | ₹1,101,600 |
Workmates Core2Cloud Solution IPO Reservation
Promoter Holding
Workmates Core2Cloud Solution IPO Valuations
Workmates Core2Cloud Solution Financial Information
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 69.44 | 62.16 | 24.57 | 11.14 |
| Total Income | 59.55 | 108.39 | 53.53 | 29.14 |
| Profit After Tax | 7.22 | 13.93 | 5.35 | 1.86 |
| EBITDA | 10.62 | 19.05 | 7.70 | 2.70 |
| NET Worth | 30.10 | 22.89 | 8.96 | 3.61 |
| Reserves and Surplus | 20.09 | 22.88 | 8.95 | 3.60 |
| Total Borrowing | 8.68 | 8.79 | ||
| Amount in ₹ Crore | ||||
About Workmates Core2Cloud Solution IPO
Workmates Core2Cloud Solution Limited, based in Kolkata, is an AWS Premier Consulting Partner known for scalable and innovative cloud solutions across India. Founded in 2018, the company has rapidly expanded, completing over 350 projects for more than 200 clients across various industries, including 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.
- Application Development: Custom application solutions tailored to business needs.
- SAP Infrastructure Support: Expertise in migrating and managing SAP workloads on AWS.
- Emerging Technologies: Services encompassing IoT, Blockchain, AI/ML, VR, and AR.
As of March 31, 2025, the company had a total strength of 129 in various departments.
Strength Of Workmates Core2Cloud Solution IPO
1. Recognized as one of the fastest-growing AWS Premier Consulting Partners in India, specializing in managed services, cloud migration, and implementation of value-added services on the cloud.
2. All infrastructure team members are AWS certified and industry experts, ensuring high-quality service delivery.
3. Offers round-the-clock support to clients, ensuring continuous assistance and problem resolution.
4. Focuses on innovation, providing services in emerging technologies like AI, IoT, VR, and AR, transforming businesses through advanced solutions.
5. Emphasizes understanding client business needs deeply, ensuring tailored solutions that align with their objectives.
Risk Of Workmates Core2Cloud Solution IPO
1. We are dependent on a few customers for a major part of our revenues. Further we do not have any long-term commitments from customers and any failure to continue our existing arrangements could adversely affect our business and results of operations.
2. We are primarily dependent on few key suppliers for procurement of products and services. Any delay, interruption or reduction in the supply of products and services may adversely affect our business, results of operations, cash flows and financial conditions.
3. Our operations are heavily dependent on our technology partnership.
4. We are dependent on our ability to develop new services and products, and enhance our existing services and products. If our products and services do not gain market acceptance, our operating results may be negatively affected.
5. Failure to obtain or renew approvals, licenses, registrations and permits to operate our business in a timely manner, or at all, may adversely affect our business, financial condition, results of operations and cash flows.
6. Our ability to anticipate changes in consumer preference, and industry trends and to meet customers' demands is a significant factor to remain competitive, any failure to identify and understand the trends may materially adversely affect our business.
7. The length of our sales cycle may fluctuate significantly and depends on several external factors which may result in significant fluctuations in our revenues.
8. Our lenders have charge over our movable and immovable properties in respect of finance availed by us.
9. Our Company's success depends largely upon its skilled professionals and its ability to attract and retain these personnel. The industry where our Company operates is a highly skilled and technical employee intensive industry.
10. Our Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.
Objectives Workmates Core2Cloud Solution IPO
1. Prepayment or repayment of secured loan availed by the Company from Banks / Financial Institutions
2. Funding of Working Capital requirement of the company.
3. General corporate purposes
Company Contact Details
Workmates Core2Cloud Solution Limited
Flat 7, 3rd Floor, 3A
Rammohan Mullick Garden Lane
Kolkata, West Bengal
Phone: + 91 33 450 8492
Email: cs@cloudworkmates.com
Website: http://www.cloudworkmates.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Read more about Workmates Core2Cloud Solution Limited IPO
- Workmates Core2Cloud Solution Limited IPO Detail
- Workmates Core2Cloud Solution Limited IPO Subscription Detail
- Workmates Core2Cloud Solution Limited IPO GMP Detail
- Checked Live Workmates Core2Cloud Solution Limited IPO Allotment Status
- Workmates Core2Cloud Solution Limited IPO Basis Of Allotment
- Workmates Core2Cloud Solution Limited IPO Price Calculator
- Workmates Core2Cloud Solution Limited IPO Stock Price