Workmates Core2Cloud Solution Limited – IPO
Workmates Core2Cloud Solution Limited – IPO Details
| IPO Date | November 11, 2025 to November 13, 2025 |
| Listing Date | November 18, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 200 to ₹ 204 / Share |
| Lot Size | 600 Shares |
| Total 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) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,00,10,000 shares |
| Share holding post issue | 1,29,18,800 shares |
| Market Maker portion |
Workmates Core2Cloud Solution Limited Timeline (Tentative Schedule)
Workmates Core2Cloud Solution Limited IPO opens on November 11, 2025, and closes on November 13, 2025.
| IPO Open Date | November 11, 2025 |
| IPO Close Date | November 13, 2025 |
| Basis of Allotment | November 14, 2025 |
| Initiation of Refunds | November 17, 2025 |
| Credit of Shares to Demat | November 17, 2025 |
| Listing Date | November 18, 2025 |
| Cut-off time for UPI mandate confirmation | November 13, 2025 |
Workmates Core2Cloud Solution Limited IPO Lot Size
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | Rs.244,800 |
| Retail (Max) | 2 | 1,200 | Rs.244,800 |
| S-HNI (Min) | 3 | 1,800 | Rs.367,200 |
| S-HNI (Max) | 8 | 4,800 | Rs.979,200 |
| B-HNI (Min) | 9 | 5,400 | Rs.1,101,600 |
| HNI (Min) |
Workmates Core2Cloud Solution Limited IPO Promoter Holding
| Share Holding Pre Issue | 98.10% |
| Share Holding Post Issue |
Workmates Core2Cloud Solution Limited IPO Reservation
Workmates Core2Cloud IPO offers a total of 34,23,600 shares. Out of which 16,22,400 (47.39%) allocated to QIB, 6,62,400 (19.35%) allocated to QIB (Ex- Anchor), 4,89,600 (14.30%) allocated to NII, 11,40,000 (33.30%) allocated to RII, and 9,60,000 (28.04%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 1,71,600 (5.01%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 16,22,400 (47.39%) |
|
| NII (HNI) Shares Offered | 4,89,600 (14.30%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 11,40,000 (33.30%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 34,23,600 (100.00%) |
Workmates Core2Cloud Solution Limited IPO Anchor Investors Details
Workmates Core2Cloud IPO raises ₹19.58 crore from anchor investors. Workmates Core2Cloud IPO Anchor bid date is November 10, 2025.
| Bid Date | 2025-11-10 |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | 19.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 12, 2026 |
About Workmates Core2Cloud Solution 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.
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
Key Performance Indicator
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 67.44% |
| ROCE | 64.61% |
| Debt/Equity | 0.38 |
| RoNW | 60.85% |
| P/BV | 8.92 |
| PAT Margin (%) | 17.58% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.91 | 13.41 |
| P/E (x) | 14.66 | 15.21 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of August 31, 202,5, that is available in RHP.
Objects of the Issue (Workmates Core2Cloud Solution Limited IPO Objectives)
Workmates Core2Cloud Solution Limited Contact Details
Workmates Core2Cloud Solution Ltd. Flat 7, 3rd Floor, 3A Rammohan Mullick Garden Lane Kolkata, West Bengal, 700010 Phone: + 91 33 450 8492 Email: [email protected] Website: http://www.cloudworkmates.com/ |
Workmates Core2Cloud Solution Limited IPO Registrar
MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/Initial_Offer/public-issues.html |