Workmates Core2Cloud Solution Ltd. IPO — GMP ₹43

Important Dates

6/6 completed

Open

Allotment

Refund

Demat

Listing

Done

Open Date

11 Nov 2025

Tue Completed

Done

Close Date

13 Nov 2025

Thu Completed

Done

Allotment

14 Nov 2025

Fri Completed

Done

Refund

17 Nov 2025

Mon Completed

Done

Demat Credit

17 Nov 2025

Mon Completed

Done

Listing Date

18 Nov 2025

Tue Completed

UPI Deadline: 13 Nov 2025

Issue Details

Pricing & Size

Issue Price

₹204 Face ₹10

Lot Size

600 shares

Min Investment

₹122,400

Total Issue Size

34,23,600 shares (aggregating up to ₹69.84 Cr)

IPO Information

Issue Type

Bookbuilding IPO

Sale Type

Fresh Capital-cum-Offer for Sale

Listing Exchange

BSE SME

Script / Ticker

Allocation Breakdown

Market Maker

1,71,600 (5.01%)

QIB Portion

16,22,400 (47.39%)

NII / HNI

4,89,600 (14.30%)

Retail

11,40,000 (33.30%)

Employee

Net Offer to Public

32,52,000 shares (aggregating up to ₹66.34 Cr)

Shareholding Pattern

Pre-Issue Shareholding

1,00,10,000 shares

Post-Issue Shareholding

1,29,18,800 shares

Application Size

Category	Min Lots	Shares	Amount
Retail (sNII)	2	1,200	₹2,44,800
HNI / NII	3	1,800	₹3,67,200

Objects of Issue

3 objectives

1 Prepayment or repayment of secured loan availed by the Company from Banks / Financial Institutions

8.60 Cr

2 Funding of Working Capital requirement of the company.

29.20 Cr

3 General corporate purposes

Lead Managers & Market Maker

Book Running Lead Managers

Horizon Management Pvt.Ltd.

Market Maker

Giriraj Stock Broking Pvt.Ltd.

IPO Timeline

Open

11 Nov

✓ Done

13 Nov

✓ Done

Allotment

14 Nov

✓ Done

Listing

18 Nov

✓ Done

Registrar Details

MUFG Intime India Pvt.Ltd.

SEBI Registered Registrar & Transfer Agent

Phone

+91-22-4918 6270

workmatescore.smeipo@in.mpms.mufg.com

Website

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment Status

Company Contact

Website

http://www.cloudworkmates.com/

cs@cloudworkmates.com

Phone

+ 91 33 450 8492

Address

Flat 7, 3rd Floor, 3A Rammohan Mullick Garden Lane Kolkata, West Bengal, 700010

Grey Market Premium

LIVE

Current GMP

+₹43

+21.08% vs Issue Price

Issue Price

₹204

Est. Listing

₹247

Lot Size

600 shares

P&L / Lot

+₹25,800

GMP is unofficial grey market data. Does not guarantee listing price or returns.

GMP Return Calculator

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Number of Lots

Estimated Listing

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Expected P&L

ROI

Workmates Core2Cloud Solution Ltd. LIVE

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| Price

Market Reference

IPO Issue Price

₹204

GMP

+₹43 (+21.08%)

GMP Est. Listing

₹247

Previous Close

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Exchange

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Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.

Category-wise Subscription

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	—	16,22,400 (47.39%)	—	₹3,309.70 Cr
NII / HNI (Total)	—	4,89,600 (14.30%)	—	₹998.78 Cr
Retail Investors	—	11,40,000 (33.30%)	—	₹2,325.60 Cr
Total **	—	34,23,600 (100.00%)	—	₹69,841.44 Cr
Market Maker *	—	1,71,600 (5.01%)	—	₹35.01 Cr

* Based on ₹204.00 (upper price band)

NII / HNI Breakdown

Shares Reserved

QIB

16,22,400 (47.39%)

NII

4,89,600 (14.30%)

Retail

11,40,000 (33.30%)

Market Maker

1,71,600 (5.01%)

* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Financial Summary

Amount In Crore

Metric	31 Aug 2025	31 Mar 2025	31 Mar 2024
Revenue	59.55	108.39	53.53
PAT	7.22	13.93	5.35
EBITDA	10.62	19.05	7.70
Net Worth	30.10	22.89	8.96
Total Assets	69.44	62.16	24.57
Reserves	20.09	22.88	8.95
Borrowings	8.68	8.79	—

Key Financial Ratios

67.44%

ROE

Return on Equity

64.61%

ROCE

Return on Capital Employed

60.85%

RONW

Return on Net Worth

12.85%

PAT Margin

PAT / Revenue

17.58%

EBITDA Mgn

EBITDA / Revenue

0.38

D/E Ratio

Debt to Equity

8.92

P/BV

Price to Book Value

13.91

Pre EPS

EPS Pre-Issue

13.41

Post EPS

EPS Post-Issue

14.66

Pre P/E

P/E Pre-Issue

15.21

Post P/E

P/E Post-Issue

About Workmates Core2Cloud Solution Ltd.

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.

Competitive Strength:

Customer Satisfaction and Long-Standing Relationships.
Experienced Promoters and Proven Leadership.
Scalable, Capital-Efficient Business Model

Frequently Asked Questions

What is the issue price of Workmates Core2Cloud Solution Ltd. IPO?

The issue price of Workmates Core2Cloud Solution Ltd. IPO is ₹204 per share, face value ₹10.

What is the lot size?

Minimum lot size is 600 shares, requiring ₹122,400.

What are the IPO dates?

Opens 11 Nov 2025, closes 13 Nov 2025.

When is the listing date?

Tentative listing: 18 Nov 2025 on BSE SME.

What is the current GMP?

Current GMP is +₹43, estimated listing ₹247 (+21.08%). GMP is unofficial.

How to apply?

Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Workmates Core2Cloud Solution Ltd. IPO · Expected 14 Nov 2025

Check on Registrar

Post-IPO Timeline

Allotment Date

14 Nov 2025

Refund Initiation

17 Nov 2025

Demat Credit

17 Nov 2025

Listing Date

18 Nov 2025

Live Price LIVE

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Quick Facts

Closed

GMP Signal

Bullish

+₹43

+21.08%

Issue Price

₹204

Face ₹10

Lot Size

600

shares / lot

Min Amount

₹122,400

1 lot

Est. Listing

₹247

GMP +₹43

Key Dates

Open

11 Nov Done

13 Nov Done

Listing

18 Nov Done

Registrar

MUFG Intime India Pvt.Ltd.