IPO Issue Details
Issue Price / Price Band₹204 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size34,23,600 shares (aggregating up to ₹69.84 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 11 Nov 2025
Subscription CloseThu, 13 Nov 2025
Anchor AllotmentMon, 10 Nov 2025
Basis of AllotmentFri, 14 Nov 2025
Initiation of RefundsMon, 17 Nov 2025
Credit of Shares to DematMon, 17 Nov 2025
Listing DateTue, 18 Nov 2025
UPI Mandate Deadline2025-11-13
Application & Investment Details
Retail — Min (2 Lots)₹2,44,800 — 1,200 shares
Retail — Max (13 Lots)₹1,591,200 (13 Lots)
HNI — Min (3 Lots)₹3,67,200 — 1,800 shares
EPS (Pre-IPO)₹13.91
EPS (Post-IPO)₹13.41
P/E Ratio (Pre-IPO)14.66x
P/E Ratio (Post-IPO)15.21x
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-IPO Promoter Holding1,00,10,000 shares
Post-IPO Promoter Holding1,29,18,800 shares
Fresh Issue Shares27,37,200 shares (aggregating up to ₹55.84 Cr)
Offer for Sale Shares5,14,800 shares of ₹10 (aggregating up to ₹10.50 Cr)
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
Workmates Core2Cloud Solution Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Prepayment or repayment of secured loan availed by the Company from Banks / Financial Institutions
8.60
2
2 Funding of Working Capital requirement of the company.
29.20
3
3 General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,00,10,000 shares
Post-IPO Promoter Holding
1,29,18,800 shares