Workmates Core2Cloud Solution Limited
IPO Details
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Lot Distribution
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Company Fin.
₹78(38.24%)
Premium (ELP)
Workmates Core2Cloud Solution Limited's successfully completed its Initial Public Offering and commenced trading on Nov 18, 2025 at the BSE exchange. The company raised 34,23,600 Shares through this public offering, comprising 29,08,800 Shares in fresh capital and ₹10.50 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹200 to ₹204, with minimum application lots of 600 shares. The offering attracted significant investor interest during its subscription period from Nov 11, 2025 to Nov 13, 2025.
Share allotment was finalized on Nov 14, 2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2018 and based in Kolkata, Workmates Core2Cloud Solution Limited is an AWS Premier Consulting Partner offering scalable cloud solutions across India. The company has completed over 350 projects for more than 200 clients across sectors such as finance, healthcare, retail, e-commerce, and media. Its services include cloud migration, managed services, DevOps automation, cybersecurity, data analytics, application development, SAP workload management, and emerging technologies like IoT, Blockchain, AI/ML, VR, and AR. Workmates Core2Cloud helps businesses move to the cloud, optimize costs, improve performance, and enhance security. As of March 31, 2025, the company employed 129 professionals across various functions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Client Relationships: Proven history of customer satisfaction and long-term partnerships with leading enterprises across diverse sectors.
- Expert Leadership Team: Guided by experienced promoters and a management team with deep domain knowledge in cloud technologies and the AWS ecosystem.
- Efficient and Scalable Business Model: Asset-light and flexible operational model supporting sustainable growth with minimal infrastructure investment.
- High Revenue Concentration: Significant reliance on a limited number of key clients; absence of long-term contracts may lead to revenue volatility if major customers discontinue services.
- Supplier Reliance: Dependence on select technology and service vendors could disrupt operations or cash flow in case of supply delays or pricing changes.
- Dependence on AWS Partnership: Heavy reliance on collaboration with AWS; any alteration or termination of this partnership could hinder business performance and future growth.
- Debasish Sarkar
- Prajnashree Mohapatra
- Shilpa Mohta
- Anindya Sen
- Anjali Awasthi
- Anirban Dasgupta
- Kamal Nath
Workmates Core2Cloud Solution Limited
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