BSE SME Bookbuilding IPO Fresh Capital-cum-Offer for Sale Closed
Workmates Core2Cloud Solution Ltd. IPO 2026
₹204
Issue Price
+₹43
GMP Today
34,23,600 (100.00%)
Total Shares Offered
₹247
Est. Listing
📅
Open Date
2025-11-11
📅
Close Date
2025-11-13
🎟️
Allotment
2025-11-14
⚡
UPI Mandate
2025-11-13
📱
Listing Date
2025-11-18
🔗
Script Code
TBA
Grey Market Premium (GMP)
LIVE
Current GMP
+₹43
+21.08% vs Issue Price
Estimated Listing: ₹247
Issue Price: ₹204
· Lot: 600 shares
Expected P&L (1 lot):
+₹25,800
on ₹122,400
GMP is unofficial grey market data. It does not guarantee listing price or returns.
Financial Overview
Amount In Crore
| Metric | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 59.55 | 108.39 | 53.53 |
| Profit After Tax | 7.22 | 13.93 | 5.35 |
| EBITDA | 10.62 | 19.05 | 7.70 |
| Net Worth | 30.10 | 22.89 | 8.96 |
| Total Assets | 69.44 | 62.16 | 24.57 |
| Reserves & Surplus | 20.09 | 22.88 | 8.95 |
| Total Borrowings | 8.68 | 8.79 | — |
Key Financial Ratios
67.44%
ROE
Return on Equity
64.61%
ROCE
Return on Capital Employed
60.85%
RONW
Return on Net Worth
12.85%
PAT Margin
PAT / Revenue
17.58%
EBITDA Mgn
EBITDA / Revenue
0.38
D/E Ratio
Debt to Equity
8.92
P/BV
Price to Book Value
Issue Details
Total Shares Offered
34,23,600 (100.00%)
Net Offer to Public
32,52,000 shares (aggregating up to ₹66.34 Cr)
Market Maker Reservation
1,71,600 shares (aggregating up to ₹3.50 Cr)
Pre-Issue Shareholding
1,00,10,000 shares%
Post-Issue Shareholding
1,29,18,800 shares%
Issue Price
₹204
Face Value
₹10
Lot Size
600 shares
Listing Exchange
BSE SME
Issue Type
Bookbuilding IPO
Objects of Issue
1 Prepayment or repayment of secured loan availed by the Company from Banks / Financial Institutions
2 Funding of Working Capital requirement of the company.
3 General corporate purposes
Lead Managers
Horizon Management Pvt.Ltd.
IPO Timeline
Open
2025-11-11
Close
2025-11-13
Allotment
2025-11-14
Listing
2025-11-18
Registrar Details
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
workmatescore.smeipo@in.mpms.mufg.com
Check Allotment Status
Company Information
Website
Email
cs@cloudworkmates.com
Phone
+ 91 33 450 8492
Address
Flat 7, 3rd Floor, 3A Rammohan Mullick Garden Lane Kolkata, West Bengal, 700010
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
Quick Facts
GMP Signal
Bullish 🚀
Status
Closed
Issue Price
₹204
Lot Size
600 sh
Est. Listing
₹247
Pre-Issue Hold.
1,00,10,000 shares%
Post-Issue Hold.
1,29,18,800 shares%
Registrar
MUFG Intime India Pvt.Ltd.
GMP Profit Calculator
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GMP %
1 Lot Investment
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