✓
Open
11 Nov 2025
✓
Close
13 Nov 2025
3
Allotment
—
✓
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% | ₹43.34 (+5.68%) |
| Ace Alpha Tech Ltd. | SME | ₹32.22 Cr | ₹69 | 9.07 | ₹85.05 | +23.26% | ₹121.55 (+0.54%) |
| Identixweb Ltd. | SME | ₹16.63 Cr | ₹54 | 14.36 | ₹57.75 | +6.94% | ₹64.50 (-0.45%) |
| CapitalNumbers Infotech Ltd. | SME | ₹169.37 Cr | ₹263 | 21.46 | ₹261.35 | -0.63% | ₹93.06 (-0.47%) |
| Hexaware Technologies Ltd. | Mainboard | ₹8,750.00 Cr | ₹708 | null | ₹762.55 | +7.70% | ₹561.75 (-0.44%) |
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
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 Satisfact
Contact Details
Workmates Core2Cloud Solution Ltd. AddressFlat 7, 3rd Floor, 3ARammohan Mullick Garden LaneKolkata, West Bengal, 700010+ 91 33 450 8492cs@cloudworkmates.comVisit Website