Workmates Core2Cloud Solution Limited IPO
Workmates Core2Cloud Solution Limited IPO
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Workmates Core2Cloud Solution Limited's successfully completed its Initial Public Offering and commenced trading on 18-11-2025 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 11-11-2025 to 13-11-2025.
Share allotment was finalized on 14-11-2025, 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.
Workmates Core2Cloud IPO About Company
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."
Workmates Core2Cloud IPO Strength Factors
- 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.
Workmates Core2Cloud IPO Risk Factors
- 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.
Workmates Core2Cloud IPO Lead Manager(s)
- Horizon Financial Private Limited
Workmates Core2Cloud IPO Promoter(s)
- Debasish Sarkar
- Prajnashree Mohapatra
- Shilpa Mohta
- Anindya Sen
- Anjali Awasthi
- Anirban Dasgupta
- Kamal Nath
Workmates Core2Cloud IPO FAQs
Workmates Core2Cloud Solution Limited IPO subscribed 141.45 times. The public issue subscribed 111.64 times in the retail category,147.03times in QIB, and 245.41 times in the HNI (10+) category byNovember 18, 2025 4:15:00 AM (Day 18).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Workmates Core2Cloud IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Workmates Core2Cloud IPO FAQs
Track all the latest updates and news of IPO.
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Sometimes, we may encounter technical issues that prevent us from retrieving data. To check your allotment status , Workmates Core2Cloud IPO Allotment Status Please Click Here.
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The basis of allotment for Workmates Core2Cloud Solution Limited IPO is available now.
To check Workmates Core2Cloud Solution Limited IPO allotment status, follow the steps below :
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A category of eligible shareholders or other investors who have a reserved quota in the IPO.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .
