Workmates Core2Cloud Solution Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

11 Nov 2025

Close Date

13 Nov 2025

Allotment

14 Nov 2025

Listing Date

18 Nov 2025

Exchange

BSE SME

Price Band

₹204

Listing Price

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Allotment Status

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Price Band

₹204

Per share

Face Value

₹10 per share

Lot Size

600 Shares

per lot

Issue Size

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

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹122,400

1 lot

Pre-IPO Holding

1,00,10,000 shares

Promoters

Post-IPO Holding

1,29,18,800 shares

Promoters

P/E (Pre)

14.66x

P/E (Post)

15.21x

EPS (Pre)

₹13.91

EPS (Post)

₹13.41

UPI Deadline

2025-11-13

Mandate

GMP

+₹43

+21.08% est.

Anchor AllotmentMon, 10 Nov 2025

Basis of AllotmentFri, 14 Nov 2025

Refund InitiationMon, 17 Nov 2025

Demat CreditMon, 17 Nov 2025

Listing DayTue, 18 Nov 2025

UPI Mandate Deadline2025-11-13

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public32,52,000 shares (aggregating up to ₹66.34 Cr)

Market Maker Quota1,71,600 shares (aggregating up to ₹3.50 Cr)

Fresh Issue Shares27,37,200 shares (aggregating up to ₹55.84 Cr)

Offer for Sale5,14,800 shares of ₹10 (aggregating up to ₹10.50 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Workmates Core2Cloud Solution Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 13 Nov 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	171,600	—	₹3.50
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,423,600	100%	₹69.84

IPO Shares Offered

Workmates Core2Cloud Solution Ltd. IPO total issue size: ₹69.84 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	171,600	₹3.50	5.01%
Total	3,423,600	₹69.84	100.00%

* Based on upper price band ₹204 per share

Lot Size & Investment

Lot Size

600

Shares per Lot

Issue Price

₹204.00

Upper Band

Min Investment

₹122,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,200	₹244,800
Retail (Max — 13 Lots)	13	7,800	₹1,591,200
S-HNI (Min — 14 Lots)	14	8,400	₹1,713,600
B-HNI (Min — 68 Lots)	68	40,800	₹8,323,200

* Issue Price ₹204 × Lot Size 600 shares

IPO Schedule

Anchor

10 Nov 2025

✓ Done

IPO Open

11 Nov 2025

✓ Done

IPO Close

13 Nov 2025

✓ Done

Allotment

14 Nov 2025

✓ Done

Refunds

17 Nov 2025

✓ Done

Demat Credit

17 Nov 2025

✓ Done

Listing Day

18 Nov 2025

✓ Done

₹204.00

INR · BSE

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Issue ₹204.00 GMP: +₹43 Live Price

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

Objects of the Issue

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

2 Funding of Working Capital requirement of the company.

3 General corporate purposes

Workmates Core2Cloud Solution Ltd. Financials (Amount In Crore)

Revenue from Operations

₹53.5

31 Mar 2024

₹108.4

31 Mar 2025

₹59.6

31 Aug 2025

Profit After Tax (PAT)

₹5.4

31 Mar 2024

₹13.9

31 Mar 2025

₹7.2

31 Aug 2025

Particulars	31 Aug 2025	31 Mar 2025	31 Mar 2024
Revenue from Operations	59.55	108.39	53.53
EBITDA	10.62	19.05	7.70
Profit After Tax (PAT)	7.22	13.93	5.35
Net Worth	30.10	22.89	8.96
Total Assets	69.44	62.16	24.57
Reserves & Surplus	20.09	22.88	8.95
Borrowings	8.68	8.79	N/A
EBITDA Margin (%)	17.58	—	—
PAT Margin (%)	12.85	—	—

P/BV Ratio

8.92

RoE

67.44

RoCE

64.61

RoNW

60.85

PAT Margin

12.85

EBITDA Margin

17.58

Debt/Equity

0.38

Issue Structure & Shareholding

Total Shares Offered34,23,600 (100.00%)

Net Offer to Public32,52,000 shares (aggregating up to ₹66.34 Cr)

Reserved for Market Maker1,71,600 shares (aggregating up to ₹3.50 Cr)

Pre-Issue Promoter Holding1,00,10,000 shares

Post-Issue Promoter Holding1,29,18,800 shares

P/BV Ratio8.92

RoE67.44

RoCE64.61

Debt / Equity0.38

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

workmatescore.smeipo@in.mpms.mufg.com

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

Check Allotment

Book Running Lead Managers

Horizon Management Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Workmates Core2Cloud Solution Ltd. IPO subscribed? ▲

Workmates Core2Cloud Solution Ltd. IPO is subscribed 1.00 times by Nov 13, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Workmates Core2Cloud Solution Ltd. IPO retail subscription status? ▼

The Workmates Core2Cloud Solution Ltd. IPO retail category is subscribed 1.00 times as of 13 Nov 2025. The retail portion is oversubscribed.

How to subscribe Workmates Core2Cloud Solution Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 11 Nov 2025 and closes 13 Nov 2025. Min investment: ₹122,400 (1 lot = 600 shares). UPI mandate: 2025-11-13.

How many times Workmates Core2Cloud Solution Ltd. IPO subscribed? ▼

The Workmates Core2Cloud Solution Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Workmates Core2Cloud Solution Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 14 Nov 2025. Refunds: on 17 Nov 2025.

When Workmates Core2Cloud Solution Ltd. IPO will be listed? ▼

The Workmates Core2Cloud Solution Ltd. IPO listing date is 18 Nov 2025, Tuesday. Listed on: BSE SME. Issue price: ₹204. Estimated listing: ₹247. GMP: +₹43.

When Workmates Core2Cloud Solution Ltd. IPO close? ▼

The Workmates Core2Cloud Solution Ltd. IPO closes on 13 Nov 2025, Thursday. UPI mandate: 2025-11-13. Allotment: 14 Nov 2025. Listing: 18 Nov 2025.

Quick Actions

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Live Price LIVE

Last Price₹204.00

Change—

Issue Price₹204.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹204

Face Value₹10

Lot Size600 Sh

Min. Amount₹122,400

GMP+₹43

Est. Listing₹247

Subscribed1.00x

Open Date11 Nov 2025

Close Date13 Nov 2025

Allotment14 Nov 2025

Listing Date18 Nov 2025

ExchangeBSE SME

UPI Deadline2025-11-13