Workmates Core2Cloud IPO Listing at 90% premium at ₹387.60 Per Share

November 18, 2025
Posted by: sachet
Category: IPO

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Table of Contents

Workmates Core2Cloud IPO Listing:

On the BSE platform, shares are listed at ₹387.60 per share, reflecting a premium of 90% against the issue price of 204 per share.

Workmates Core2Cloud IPO Subscription Status

The Workmates Core2Cloud IPO was subscribed 141.38 times at the close of the bidding. In this subscription, qualified institutional buyers (QIBs) received 147.03 times the allocation, and non-institutional investors (NIIs) received 202.96 times the allocation. The retail quota of the issue was subscribed to 33.30%.

Workmates Core2Cloud IPO: Check Key Details

It is a book-building issue of 69.84 crore shares. The issue is entirely a fresh issue of 0.29 crore shares. And an offer for sale of 0.05 crore shares. The IPO is expected to be listed on the BSE and SME with a tentative listing date of 18th November 2025. The Workmates Core2Cloud IPO is scheduled to take place from 11th November 2025 to 13th November 2025. The face value of Workmates Core2Cloud IPO shares is ₹1 per share, and the IPO price is set at ₹200 to ₹204 per share.

IPO Open Date	11th November 2025
IPO Close Date	13th November 2025
IPO Allotment Date	14th November 2025
Refund Initiation	17th November 2025
Face Value	₹10 per share
Price Band	₹200 to ₹204 per share
Lot Size	600 Shares
Issue Size	34,23,600 shares(aggregating up to ₹69.84 Cr)
Fresh Issue	27,37,200 shares(aggregating up to ₹55.84 Cr)
Offer for sale	5,14,800 shares of ₹10(aggregating up to ₹10.50 Cr)
Issue Type	Bookbuilding IPO
Listing At	BSE and SME
Listing Date	18th November 2025

About Workmates Core2Cloud Limited

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.

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

Workmates Core2Cloud Limited Financials

The company’s financial analysis is essential before applying for Workmates Core2Cloud Limited’s IPO. Refer to the table to learn about Workmates Core2Cloud Limited’s financial information.

Year Ended	30th June 2025	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	4,347.72	3,913.94	2,189.99	840.79
Revenue	1,042.22	2,360.33	954.44	644.37
Profit After Tax	187.68	369.01	28.90	8.97
EBITDA	347.38	721.94	120.44	56.27
Net Worth	718.79	531.41	162.77	133.97
Reserve and Surplus	608.83	529.37	160.73	131.93
Total Borrowing	2,032.11	1,949.69	1,441.30	519.62

Explanation

Workmates Core2Cloud Limited’s revenue increased by 102% from ₹53.53 crore in March 2024 to ₹108.39 crore in March 2025. Moreover, the company’s PAT increased by 160% from ₹5.35 crores to ₹13.93 crores. Investors can analyse other relevant factors and make a decision accordingly.

Workmates Core2Cloud IPO Objectives

The primary objective of the Workmates Core2Cloud IPO is to raise ₹2,900.00 crore. However, before applying for the IPO, it is essential to be aware of its secondary objectives. Explore them below

Prepayment or repayment of secured loans availed by the Company from Banks / Financial Institutions
Funding of the Working Capital requirement of the company.
General corporate purposes

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