Comparison between Sunsky Logistics IPO and Workmates Core2Cloud IPO.
Sunsky Logistics IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Workmates Core2Cloud IPO is a SME Bookbuilding proposed to list at BSE SME.
| Sunsky Logistics IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Nirbhay Capital Services Pvt.Ltd. | Horizon Management Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Rikhav Securities Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Sunsky Logistics IPO is up to ₹15.98 Cr whereas the issue size of the Workmates Core2Cloud IPO is up to ₹66.34 Cr. The final issue price of Sunsky Logistics IPO is ₹46.00 per share and of Workmates Core2Cloud IPO is ₹204.00 per share.
| Sunsky Logistics IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹200.00 per share | |
| Issue Price (Upper) | ₹204.00 per share | |
| Issue Price (Final) | ₹46.00 per share | ₹204.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 600 shares |
| Fresh Issue Size | 34,74,000 shares | 27,37,200 shares |
| Fresh Issue Size (Amount) | up to ₹15.98 Cr | up to ₹55.84 Cr |
| OFS Issue Size | 0 shares | 5,14,800 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹10.50 Cr |
| Issue Size Total | 34,74,000 shares | 32,52,000 shares |
| Issue Size Total (Amount) | up to ₹15.98 Cr | up to ₹66.34 Cr |
Sunsky Logistics IPO opens on Sep 30, 2025, while Workmates Core2Cloud IPO opens on Nov 11, 2025. The closing date of Sunsky Logistics IPO and Workmates Core2Cloud IPO is Oct 03, 2025, and Nov 13, 2025, respectively.
| Sunsky Logistics IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Anchor Bid Date | Nov 10, 2025 | |
| Issue Open | Sep 30, 2025 | Nov 11, 2025 |
| Issue Close | Oct 03, 2025 | Nov 13, 2025 |
| Basis Of Allotment (Tentative) | Oct 06, 2025 | Nov 14, 2025 |
| Initiation of Refunds (Tentative) | Oct 07, 2025 | Nov 17, 2025 |
| Credit of Share (Tentative) | Oct 07, 2025 | Nov 17, 2025 |
| Listing date (Tentative) | Oct 08, 2025 | Nov 18, 2025 |
| Anchor Lockin End date 1 | Dec 13, 2025 | |
| Anchor Lockin End date 2 | Feb 11, 2026 |
Sunsky Logistics IPO P/E ratio is 15.6, as compared to Workmates Core2Cloud IPO P/E ratio of 14.66.
| Sunsky Logistics IPO | Workmates Core2Cloud IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)Sunsky Logistics Ltd.'s revenue increased by 50% and profit after tax (PAT) rose by 107% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Workmates Core2Cloud Solution Ltd.'s revenue increased by 102% and profit after tax (PAT) rose by 160% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 95 | 98.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.05 | 72.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.6 | 14.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹57.20 Cr. | ₹263.54 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 79.42 % | 67.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 59.34% | 64.61% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.45 | 0.38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.95 | ₹13.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 57.16% | 60.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Sunsky Logistics IPO Retail Individual Investors (RII) are offered 17,46,000 shares while in Workmates Core2Cloud IPO retail investors are offered 17,46,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Sunsky Logistics IPO and 6,62,400 shares in Workmates Core2Cloud IPO.
| Sunsky Logistics IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 9,60,000 shares |
| Market Maker Reservation | 1,86,000 shares | 1,71,600 shares |
| QIB | 0 shares | 6,62,400 shares |
| NII | 17,28,000 shares | 4,89,600 shares |
| RII | 17,46,000 shares | 11,40,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 34,74,000 shares | 32,52,000 shares |
Sunsky Logistics IPO subscribed 1.46x in total, whereas Workmates Core2Cloud IPO subscribed 141.38x.
| Sunsky Logistics IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| QIB (times) | 147.03x | |
| NII (times) | 2.01x | 202.96x |
| Big NII (times) | 244.88x | |
| Small NII (times) | 119.11x | |
| RII (times) | 0.93x | 111.64x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.46x | 141.38x |
