Workmates Core2Cloud IPO Will Open On Nov 11, 2025 And Close On Nov 13, 2025. The ₹69.84 Cr. IPO Is A Fresh Offer. Workmates Core2Cloud IPO Price Band is Set At ₹200 to ₹204 Per share.
The Allotment Will Be Finalized On Nov 14, 2025 and Listing date is Expected on The BSE SME By Nov 18, 2025. Investor Quota like 33.30% Retail 14.30% HNI 47.39% QIB and Market Maker is 5.01% Category.
Financial Year 2025 Company Posted a total income ₹108.39 Cr. and A Net Profit of ₹13.93 Cr. Showing Strong Growth From The Previous Year. Based On Financial, The IPO Looks Promising For Long-term Investors.
Workmates Core2Cloud IPO Dates & Price Band Details
| Open Date | Nov 11, 2025 |
|---|---|
| Close Date | Nov 13, 2025 |
| Price Band | ₹200 to ₹204 per share |
| Face Value | ₹10 per equity share |
| Lot Size | 600 Shares |
| Type of Issue | Fresh Issue and OFS |
| Total Issue Size | 34,23,600 shares (Approx ₹69.84 Cr) |
| Market Maker | 1,71,600 shares (Approx ₹3.50 Cr) |
| Fresh Issue | 27,37,200 shares (Approx ₹55.84 Cr) |
| Offer for Sale | 5,14,800 shares (Approx ₹10.50 Cr) |
| Net Issue to the Public | 32,52,000 shares (Approx ₹66.34 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing Exchange | BSE SME |
| QIB Quota | 47.39% |
| Retail Investor Quota | 33.30% |
| NII (HNI) Quota | 14.30% |
| Market Maker | 5.01% |
| Anchor Investor List | Click Here |
| DRHP (Draft Prospectus) | Click Here |
| RHP (Final Prospectus) | Click Here |
About Workmates Core2Cloud Limited
Our Company was originally incorporated on November 14, 2018 “Workmates Core2Cloud Limited”cloud and digital transformation companies, dedicated to helping enterprises modernize, secure, and scale their digital core. In just six years, we have grown from a startup to a Premier Tier AWS Partner a distinction recognised for only a select group globally by AWS.
Workmates delivers a full spectrum of cloud and cloud-centric services spanning workload assessment, seamless migration, application modernization, and end-to-end managed services in strategic collaboration with Amazon Web Services (AWS).
Our company operates on a B2B business model, delivering scalable cloud solutions that enhance the ease of doing business for our clients while enabling their digital transformation journeys.
Our service offering comprises of:
- Assessment & Migration Services
- Modernization Services
- Managed Services
- Cyber Security Services
- Gen AI & Analytics Services
- Database Services
Our future Capabilities Reflect this Transformation:
- We are creating industry-specific innovation playbooks to address unique vertical needs.
- We are embedding Generative AI across operations and delivery, turning AI from a concept into a core enabler of value.
- By integration of Cyber Security into cloud, we are leading with a Security First approach to managed services, ensuring that security is not an add-on, but a foundation.
- And we are scaling our advisory and consulting offerings to support vertical transformation across industries.
Our Competitive Strengths
Customer Satisfaction and Long-Standing Relationships.
Experienced Promoters and Proven Leadership.
Scalable, Capital-Efficient Business Model.
Workmates Core2Cloud IPO Market Lot Size
The Minimum Lot Size For The Workmates Core2Cloud IPO is 600 Shares, Requiring An Application Amount of ₹2,44,800 and in multiples of 1,200 For Retail Investors. Investors Must Apply in Multiples of The Lot Size.
Workmates Core2Cloud IPO Market Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 1,200 | ₹2,44,800 |
| Retail Maximum | 2 | 1,200 | ₹2,44,800 |
| S-HNI Minimum | 3 | 1,800 | ₹3,67,200 |
| S-HNI Maxmum | 8 | 4,800 | ₹9,79,200 |
| B-HNI Minimum | 9 | 5,400 | ₹11,01,600 |
Objects Of The Issue
- Prepayment or repayment of secured loan availed by our Company from Banks.
- Funding of Working Capital requirements of our company.
- General Corporate Purposes.
Workmates Core2Cloud IPO Allotment & Listing Date
Workmates Core2Cloud IPO Will Open on Nov 11 and Close on Nov 13, 2025. The allotment is Expected on Nov 14, With the Listing Scheduled on BSE SME For Nov 18, 2025 (More information below table).
| IPO Open | Tue, Nov 11, 2025 |
|---|---|
| IPO Close | Thu, Nov 13, 2025 |
| Allotment Finalisation | Fri, Nov 14, 2025 |
| Refunds / Unblocking | Mon, Nov 17, 2025 |
| Shares Credited to Demat | Mon, Nov 17, 2025 |
| Listing Date | Tue, Nov 18, 2025 |
Workmates Core2Cloud IPO Financial Report (FY 2025)
Workmates Core2Cloud Reported a Total Income of ₹108.39 Cr. in FY 2025, Slightly up From ₹53.53 Cr. in FY 2024. The Company Net Profit Also Rose to ₹13.93 Cr. From ₹5.35 Cr. in the Previous Year Showing Consistent Financial Growth Ahead of its IPO. (More information below table).
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 69.44 | 62.16 | 24.57 | 11.14 |
| Total Income | 59.55 | 108.39 | 53.53 | 29.14 |
| Profit After Tax | 7.22 | 13.93 | 5.35 | 1.86 |
| EBITDA | 10.62 | 19.05 | 7.70 | 2.70 |
| NET Worth | 30.10 | 22.89 | 8.96 | 3.61 |
| Reserves and Surplus | 20.09 | 22.88 | 8.95 | 3.60 |
| Total Borrowing | 8.68 | 8.79 | ||
| Amount in ₹ Crore |
Workmates Core2Cloud IPO Valuation Report – FY 2025 (KPI)
Check Detailed Workmates Core2Cloud IPO Valuation Metrics for FY 2025, including EPS, P/E Ratio, RoNW, NAV, ROCE, and other key financial indicators. These Ratios help Investors Assess the Company financial Health & Valuation Before applying for The IPO. (More information below table).
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 67.44% |
| Return on Capital Employed (ROCE) | 64.61% |
| EBITDA Margin | 17.58% |
| PAT Margin | 12.85% |
| Debt-to-Equity Ratio | 0.38 |
| Earnings Per Share (EPS) | 13.91 |
| Price to Earnings Ratio (P/E) | 14.66 |
| Return on Net Worth (RoNW) | 60.85% |
| Net Asset Value (NAV) | 22.86 |
Our Company Promoters
1. Debasish Sarkar
2. Prajnashree Mohapatra
3. Anirban Dasgupta
4. Anindya Sen
5. Kamal Nath
6. Shilpa Mohta
7. Anjali Awasthi
8. Basanta Kumar Rana
Comparison of Accounting Ratios with Industry Peers
| Name of the company | Face value (₹ per share) | EPS | NAV (₹ per share) | P/E Ratio | RoNW (%) | Revenue from Operations (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Workmates Core2Cloud Solution Limited | 10 | 13.91 | 22.86 | [•] | 60.85 | 10,764.50 |
| Persistent System Limited | 5 | 91.22 | 405.46 | 63.10 | 24.80 | 11,93,871.70 |
| Orient Technologies Ltd. | 10 | 12.85 | 79.17 | 27.64 | 20.00 | 83,953.06 |
| LTIMindtree Ltd. | 1 | 155.20 | 767.28 | 33.10 | 21.50 | 38,00,810.00 |
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Workmates Core2Cloud Company Contact Details
Workmates Core2Cloud Solution Ltd.
Flat 7, 3rd Floor, 3A Rammohan Mullick
Garden Lane Kolkata, West Bengal, 700010
Tel No: + 91 33 450 8492
Email: cs@cloudworkmates.com
Website: http://www.cloudworkmates.com/
Workmates Core2Cloud Lead Manager
Horizon Management Private Limited
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata – 700 001, West Bengal, India.
Telephone: +91 33 4600 0607
E-mail: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Workmates Core2Cloud IPO Registrar
MUFG INTIME INDIA PRIVATE LIMITED
Address: C-101, 247 Park, 1st Floor,
L B S Marg, Vikhroli (West),
Mumbai 400083, (Maharashtra), India.
Telephone:+91-8108114949
Email ID: shreejiglobal.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com
Workmates Core2Cloud IPO FAQs
Question 1: What is the Workmates Core2Cloud IPO?
Answer 1: Workmates Core2Cloud IPO is a SME IPO of 34,23,600 equity shares of the face value of ₹10 approximately up to ₹69.84 Cr. The issue is price at ₹200 to ₹204 per share.
The Workmates Core2Cloud IPO opens on Nov 11, 2025 and closes on Nov 13, 2025.
MUFG INTIME INDIA PRIVATE LIMITED is the registrar for the IPO. The shares to be listed on BSE SME.
Question 2: How to apply in Workmates Core2Cloud IPO through Groww?
Answer 2: Groww customers can apply online in Workmates Core2Cloud IPO using UPI as a payment gateway. Groww customers can apply in Workmates Core2Cloud IPO by login into Groww (back office) and submitting an IPO application form.
Steps to apply in Workmates Core2Cloud IPO through Groww –
Visit the Groww website and login to Groww.
Go to Main Page and click the Products & tools and click IPO tab.
New page Open and Show ‘ Workmates Core2Cloud IPO’ click the ‘Apply’ button.
Show IPO detail Shares lot Size and Bid Price & click here to Cutoff Price check Box and Continue.
Inter Your UPI id like . 95****299@kotak accept terms and condition click Box and Apply For IPO
groww share payment link Your UPI Mobile Number Pay Payment for IPO Bid to approve the e-mandate successfully submit application .
Question 3: When Workmates Core2Cloud IPO will open?
Answer 3: The Workmates Core2Cloud IPO opens on Nov 11, 2025 and closes on Nov 13, 2025.
Question 4: What is the lot size of Workmates Core2Cloud IPO?
Answer 4: Workmates Core2Cloud IPO lot size and the minimum order quantity is 600 Shares.
Question 5: How to apply for Workmates Core2Cloud IPO?
Answer 5: You can apply in Workmates Core2Cloud IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Groww, Zerodha, Upstox, 5Paisa, Phonepe Share Market, HDFC Bank, and Angel one.
Question 6: When is Workmates Core2Cloud IPO allotment date?
Answer 6: The Basis of Allotment for Workmates Core2Cloud IPO will be on Fri, Nov, 14, 2025, and the allotted shares will be credited to your demat account by Mon, Nov, 17, 2025. For Check the Workmates Core2Cloud IPO allotment status.
Question 7: When is Workmates Core2Cloud IPO listing date?
Answer 7: The Workmates Core2Cloud IPO listing date is Nov 18, 2025. The date of Workmates Core2Cloud IPO listing on Tue, Nov, 18, 2025.
