Workmates Core2Cloud IPO GMP: Day 2 IPO Live Updates
Posted by : sachet | Wed Nov 12 2025
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The Workmates Core2Cloud IPO GMP is ₹36 as of 12th November 2025. It is a book-building IPO of ₹69.84 crore, comprising a fresh issue of 29,00,000 shares. The issue will be listed on BSE and SME on its tentative listing date, 18th November 2025. The face value of Workmates Core2Cloud shares is ₹10 per share, and the IPO price band is set at ₹200 to ₹204 per share. Retail investors can bid for a minimum of 2 lots of 1,200 shares, worth ₹2,44,800.
Workmates Core2Cloud IPO Grey Market Premium
As of 12th November 2025, the GMP for the Workmates Core2Cloud IPO stands at ₹36 per share. Thus, the estimated listing price would be ₹240. This indicates that the estimated listing gain in this IPO could be 17.65%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for GMP updates on the Workmates Core2Cloud IPO.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 12-11-2025 | ₹204.00 | ₹36.00 | ₹240.00 | 17.65% |
| 11-11-2025 | ₹204.00 | ₹36.00 | ₹240.00 | 17.65% |
| 10-11-2025 | ₹204.00 | ₹28.00 | ₹232.00 | 13.73% |
| 9-11-2025 | ₹204.00 | ₹25.00 | ₹229.00 | 12.25% |
| 8-11-2025 | ₹204.00 | ₹25.00 | ₹229.00 | 12.25% |
| 7-11-2025 | ₹204.00 | ₹20.00 | ₹224.00 | 9.80% |
| 6-11-2025 | ₹204.00 | ₹0.00 | ₹204.00 | 0.00% |
| 5-11-2025 | ₹204.00 | ₹0.00 | ₹204.00 | 0.00% |
Workmates Core2Cloud IPO Details
| 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 |
Explanation
Workmates Core2Cloud IPO: Workmates Core2Cloud Limited has announced the issue price of ₹200 to ₹204 per share. With this IPO, the company allows retail investors to bid for two lots of 1,200 shares worth ₹2,44,800. The face value of Workmates Core2Cloud Limited shares is ₹10 per share. The shares of Workmates Core2Cloud Limited will be listed on BSE and SME on its tentative listing day, 18th November 2025. Scroll down to view GMP updates and reviews of the Workmates Core2Cloud IPO.
Objectives of the Workmates Core2Cloud IPO
The primary objective of the Workmates Core2Cloud IPO is to raise ₹2,900.00 crore.
- 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
Workmates Core2Cloud IPO Registrar
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.
Workmates Core2Cloud IPO Review
The Workmates Core2Cloud IPO has gained neutral ratings from industry experts, brokers, and institutional investors. 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 pertinent other factors and make a decision accordingly.
Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re waiting for further ratings to gain a better understanding and will continue to post them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Workmates Core2Cloud IPO or not.
Technical Analysis
Several 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.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 15.65 |
| EPS (Earnings Per Share) | 7.29 |
| RoNW | 26.19% |
| ROCE | 2.15% |
| ROE | 34.94% |
| EBITDA Margin | 9.22% |
| Price to Book Value | 9.40 |
| Market Capitalisation | ₹26.82 Cr |
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 Mittal Solutions Limited are subject to change following the IPO. Refer to the table below for post-issue updates on these two metrics.
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FAQs on Workmates Core2Cloud IPO
What is the GMP of the Workmates Core2Cloud IPO?
Ans. As of 12th November 2025, the Workmates Core2Cloud (Grey Market Premium) stands at ₹36. This suggests that the estimated listing price could be 17.65% of the share price.
What is the issue price of the Workmates Core2Cloud IPO?
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.
Who is the registrar of the Workmates Core2Cloud IPO?
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, and refund, you can contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Workmates Core2Cloud IPO, download 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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