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Open
11 Nov 2025
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Close
13 Nov 2025
3
Allotment
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Listing
Tue, Nov 18, 2025
Price Band
₹200 to ₹204
Issue Size
34,23,600 shares (agg. up to ₹70 Cr)
Lot Size
600 Shares
Listing Date
Tue, Nov 18, 2025
Latest GMP
₹88
Est. Gain
43.14%
✦ AI Insight
GMP Trend
18-11-2025₹88Est. ₹292+43.14%
17-11-2025₹88Est. ₹292+43.14%
16-11-2025₹92Est. ₹296+45.1%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 99.91x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Austere Systems Ltd. | SME | ₹15.57 Cr | ₹55 | 10.48 | ₹79.32 | +44.22% | ₹41.70 |
| Ace Alpha Tech Ltd. | SME | ₹32.22 Cr | ₹69 | 9.07 | ₹85.05 | +23.26% | ₹132.30 |
| Identixweb Ltd. | SME | ₹16.63 Cr | ₹54 | 14.36 | ₹57.75 | +6.94% | ₹73.35 |
| CapitalNumbers Infotech Ltd. | SME | ₹169.37 Cr | ₹263 | 21.46 | ₹261.35 | -0.63% | ₹80.00 |
| Hexaware Technologies Ltd. | Mainboard | ₹8,750.00 Cr | ₹708 | null | ₹762.55 | +7.70% | ₹518.85 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of secured loan availed by the Company from Banks / Financial Institutions | 8.60 |
| 2 | Funding of Working Capital Requirement of the company | 29.20 |
| 3 | General Corporate Purposes | 10.00 |
| 4 | Issue Expenses | 11.54 |
| Total | 59.34 |
About Workmates Core2Cloud IPO
Updated on Aug 5, 2026
Contact Details
Workmates Core2Cloud Solution Ltd. AddressFlat 7, 3rd Floor, 3ARammohan Mullick Garden LaneKolkata, West Bengal, 700010+ 91 33 450 8492cs@cloudworkmates.comVisit Website