Workmates Core2Cloud IPO Details: Everything You Should Know about 

Check Expert’s Verdicts on Workmates Core2Cloud IPO

The Workmates Core2Cloud IPO will be open for bidding from 11th November to 13th November. 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.

Workmates Core2Cloud IPO Details

The Workmates Core2Cloud IPO is expected 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.

MUFG Intime India Private Limited is the registrar of the Workmates Core2Cloud IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

Workmates Core2Cloud IPO Details 

Workmates Core2Cloud IPO Share Reservation

Workmates Core2Cloud’s IPO is a book-building issue IPO of 69.84 Crore shares. Workmates Core2Cloud Limited Shares will be listed on the BSE and the SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.

Workmates Core2Cloud IPO GMP 

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Workmates Core2Cloud IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of  11th November 2025, the Workmates Core2Cloud IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹204 on its tentative listing date, November 18, 2025.

GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Workmates Core2Cloud IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Workmates Core2Cloud IPO Review

Review the detailed Workmates Core2Cloud IPO review for a thorough understanding of its potential to deliver listing gains. The Workmates Core2Cloud IPO review will help you invest effectively to avoid significant losses. Explore more to make an informed Investment decision on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s economic performance and trends before applying for the Workmates Core2Cloud IPO.

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 Limited’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for Workmates Core2Cloud’s IPO on its tentative listing day.

Technical Analysis

Some technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Workmates Core2Cloud IPO

The P/E ratio of Workmates Core2Cloud Limited’s shares is 15.65, and its Earnings Per Share (EPS) is 7.29. Thus, the Workmates Core2Cloud Limited IPO can deliver gains on its tentative listing day, 18th November 2025

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Workmates Core2Cloud Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

Workmates Core2Cloud IPO Subscription Status

 The subscription status for the Workmates Core2Cloud IPO is yet to be announced. Stay informed on this passage to check the live Workmates Core2Cloud IPO subscription status. 

About the Workmates Core2Cloud Limited Company Overview

Mahamaya Lifesciences Limited is engaged in the manufacturing, registration, and export of finest crop protection products and bioproducts for crop & soil health management, aiming to enhance productivity in the farming community. The company specialises in manufacturing pesticide formulations and supplying bulk products to Indian agrochemical companies and multinational corporations (MNCs).

• Experienced management team consisting of experts.
• Capability to introduce vital products for Indian Agriculture.
• Development of export opportunities for products.
• Ability to develop brands.
• Cordial relationships with suppliers of raw materials.
• Core values focused on achieving sustainability through innovative approaches.

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. 

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 Promoter Holdings

Take a look at the table below to review the holdings of Workmates Core2Cloud Limited’s promoters. Manjunatha Donthi Venkatarathnaiah, Shubha Manjunatha Donthi, Suhas Donthi Manjunatha and Sumanth Manjunatha Donthi.

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

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

Should I Invest in Workmates Core2Cloud IPO?

Explore the pros and cons of Workmates Core2Cloud IPO to decide whether to apply for it or avoid it. These pros and cons might help you understand the IPO’s potential to deliver profits in the coming decades.

Pros of Workmates Core2Cloud IPO

• Company revenue and profit have increased significantly over the last 1–2 years.
• Financial ratios (ROE, ROCE, etc.) are very high, indicating good efficiency.
• Business is in the cloud and digital transformation space, a high-growth sector.
• A low debt level gives financial comfort.
• The IPO valuation appears reasonable for a growth-stage company.

Cons of the Workmates Core2Cloud IPO

• It is an SME IPO, so the scale is small and the risk is higher.
• Competition from big tech players in cloud services can squeeze growth.
• Business is dependent on technology partnerships and the vendor ecosystem.
• For cloud services, continuous investment in skills + infra is needed.
• SME listing generally has lower liquidity and higher volatility.
• The minimum investment amount in SME is higher than that in Mainboard IPOs.

How to Invest in the Workmates Core2Cloud IPO?

Please follow the steps outlined below to apply for a position at Workmates Core2Cloud IPO Limited.

• Step 1: Conduct thorough research on the Workmates Core2Cloud IPO, including GMP status, subscription status, issue size, lot size, and other relevant details. 
• Step 2: Open a demat account with Univest to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Place a bid for two lots of 1,200 shares, valued at ₹2,44,800.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Workmates Core2Cloud IPO across multiple demat accounts to increase your chances of allotment. 

How to Check Workmates Core2Cloud IPO Allotment Status?

You can check for the Workmates Core2Cloud IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On BSE

• Visit the BSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Workmates Core2Cloud IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Workmates Core2Cloud IPO allotment status.

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Final Thoughts 

Workmates Core2Cloud’s IPO is a Boobuilding IPO of ₹69.84 crore. The shares of Workmates Core2Cloud IPO Limited will be listed on the BSE and SME on its tentative listing date of 18th November 2025. Researching the Workmates Core2Cloud IPO, including its GMP status and reviews, is highly recommended to secure the desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Stay informed with Univest to get regular updates on the Workmates Core2Cloud IPO, GMP, subscription, and more!

FAQs on Workmates Core2Cloud IPO

How is the Workmates Core2Cloud IPO?

Ans. As of 11th November 2025, the Workmates Core2Cloud IPO GMP (Grey Market Premium) stands at 0. It indicates that the estimated listing price could be ₹240 per share. It is a book-building IPO of 69.84 crore shares. The face value of each share of Workmates Core2Cloud IPO Limited is ₹10.

What is Workmates Core2Cloud’s IPO price?

Ans. The Workmates Core2Cloud IPO price range is ₹200.00 to ₹204.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 1,200 shares, worth ₹2,44,800. Moreover, HNIs are required to bid for a minimum of 3 lots (1,800shares) worth ₹3,67,200.

Is the Workmates Core2Cloud IPO a good investment?

Ans. 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.

Who will be the registrar of the Workmates Core2Cloud IPO?

Ans. According to recent updates, MUFG Intime India Private Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding the Workmates Core2Cloud IPO GMP, allotment, or refund, please contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.

What is the issue size of the Workmates Core2Cloud IPO?  

Ans. Workmates Core2Cloud IPO is a book-building issue of 69.84 crore. Moreover, the IPO is set to open on 11th November 2025 and close on 13th November 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Workmates Core2Cloud IPO, wait for the Workmates Core2Cloud IPO RHP and Workmates Core2Cloud IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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