Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Workmates Core2Cloud Solution Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the BSE SME. the book running lead manager (Not declared yet) and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Workmates Core2Cloud IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Fresh Issue | 29,75,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 5,15,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,10,000 shares |
| Share Holding Post Issue | 1,29,85,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 1500% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, May 29, 2025 |
| SEBI/Exchange approval received | Tue, Aug 12, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
As of March 31, 2025, the company had a total strength of 129 in various departments.
Competitive Strength:
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 52.38 | 24.57 | 11.14 | 4.76 |
| Total Income | 64.08 | 53.53 | 29.14 | 12.81 |
| Profit After Tax | 9.45 | 5.35 | 1.86 | 1.25 |
| Net Worth | 18.41 | 8.96 | 3.61 | 1.75 |
| Reserves and Surplus | 18.40 | 8.95 | 3.60 | 1.74 |
| Total Borrowing | 8.88 | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 85.10% |
| ROCE | 122.44% |
| RoNW | 59.70 % |
| PAT Margin | 9.99% |
The Company Workmates Core2Cloud IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Prepayment or repayment of secured loan availed by the Company from Banks / Financial Institutions | 80.00 |
| 2 | Funding of Working Capital requirement of the company. | 400.00 |
| 3 | General corporate purposes |
Workmates Core2Cloud Solution Ltd.
Flat 7, 3rd Floor, 3A
Rammohan Mullick Garden Lane
Kolkata, West Bengal, 700010
Phone: + 91 33 450 8492
Email: cs@cloudworkmates.com
Website: http://www.cloudworkmates.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: workmatescore.smeipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Workmates Core2Cloud IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Workmates Core2Cloud IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Workmates Core2Cloud IPO using UPI as a payment gateway. Zerodha customers can apply in Workmates Core2Cloud IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Workmates Core2Cloud IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Workmates Core2Cloud IPO dates are not announced. Please check back again after some time.
Workmates Core2Cloud IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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 Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Workmates Core2Cloud IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Workmates Core2Cloud IPO allotment status.
The Workmates Core2Cloud IPO listing date is not yet announced. The tentative date of Workmates Core2Cloud IPO listing is [.].
Useful Articles
