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HomeIPOWorkmates Core2Cloud Solution

About Workmates Core2Cloud Solution

Workmates Core2Cloud Solution Limited, a Kolkata-based AWS Premier Consulting Partner, has earned its name for scalable and innovative cloud solutions across India. It has grown rapidly since its inception in 2018 and has successfully completed over 350 projects for more than 200 clients across industries like 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.SAP Infrastructure Support: Expertise in migrating and managing SAP workloads on AWS.Emerging Technologies: Services include IoT, Blockchain, AI/ML, VR, and AR.As of March 31, 2025, the company had a total strength of 129 in various departments.

Checklist Quality Analysis

Revenue Growth

Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Workmates Core2Cloud Solution

Workmates Core2Cloud Solution

Open Date

11 Nov 2025

Close Date

13 Nov 2025

listed

Min Investment

₹244800

Lot Size

1200 Shares

Issue Size

₹69.84 Cr

Price Range

₹200 - ₹204

Listing Date

Nov 18, 2025

IPO Doc

RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹85(+41.67%)GMP
41.67%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Workmates Core2Cloud Solution IPO - Issue Objectives

The company will use up to ₹8.60 crore towards repayment of outstanding secured loans. The company will use up to ₹29.20 crore for funding working capital requirements. Part of the IPO proceeds will be used for general corporate purposes

Repayment of loans

14.4%

Working capital

49.2%

General corporate purposes

36.3%

1

Repayment of loans

The company will use up to ₹8.60 crore towards repayment of outstanding secured loans.

14.40%
2

Working capital

The company will use up to ₹29.20 crore for funding working capital requirements.

49.20%
3

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes

36.30%

IPO Subscription Status

QIB
147.03x
NII
203.31x
Total
141.45x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Workmates Core2Cloud Solution

In Cr.

Key Performance Indicator31-Aug-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue59.55108.3953.5329.14
EBITDA10.6219.057.702.70
Expenses
Profit After Tax7.2213.935.351.86
Assets69.4462.1624.5711.14
Net Worth30.1022.898.963.61
Reserves20.0922.888.953.60
Borrowing8.688.79

Workmates Core2Cloud Solution - Promoter(s)

Workmates Core

Cloud Solution

Pre Issue Share Holding

N/A

Post Issue Share Holding

N/A

Registrar Contact Details

MUFG Intime India Pvt.Ltd

Flat 7, 3rd Floor, 3A Rammohan Mullick Garden Lane Kolkata, West Bengal, 700010

+91334508492
workmatescore.smeipo@in.mpms.mufg.com
http://www.cloudworkmates.com/

Workmates Core2Cloud Solution IPO - FAQs

Workmates Core2Cloud Solution IPO is a SME IPO. The issue is priced at ₹200-204 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on 11 Nov, and closes on 13 Nov. MUFG Intime India Pvt.Ltd is the registrar for the IPO. The shares are proposed to be listed on SME.









IPO Timeline

  • Pre Apply2025-11-10
  • Bidding Starts2025-11-11
  • Bidding Ends2025-11-13
  • Allotment Finalisation2025-11-14
  • Release of Funds2025-11-17
  • Demat Transfer2025-11-17
  • Listing2025-11-18