IPO Trending
WORKMATESSME / BSEListed
Workmates Core2Cloud Solution

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.

₹200 - ₹204141.45x sub
Listed Price₹387.60
Listing Gain+90.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open11 Nov 2025
Close13 Nov 2025
Allotment14 Nov 2025
Listing18 Nov 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor9,60,000 shares
28.04%
QIB6,62,400 shares
19.35%
HNI4,89,600 shares
14.3%
Retail11,40,000 shares
33.3%
Market Maker1,71,600 shares
5.01%

Minimum Application Lots

Retail2 Lots (1,200 shares)
₹2,44,800
sHNI3 Lots (1,800 shares)
₹3,67,200
bHNI9 Lots (5,400 shares)
₹11,01,600

Company Promoters

Debasish SarkarPrajnashree MohapatraShilpa MohtaAnindya SenAnjali AwasthiAnirban DasguptaKamal Nath

Company Background

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 ser...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Aug-25)₹59.55 Cr
Growth+104.4%
Revenue Trend (₹ in Crores)
0.041.583.1124.6Mar-23Mar-24Mar-25Aug-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Aug-2559.557.2269.448.68
Mar-25108.3913.9362.168.79
Mar-2453.535.3524.570
Mar-2329.141.8611.140

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Aug-257.2127.24%30.14%015.21
Mar-2513.9167.44%64.61%14.660
Mar-245.3485.10%122.44%00

Peer Comparison & Valuation

Financial Performance

Workmates Core2Cloud Solution Ltd

NAV/Share (₹)22.86
RONW(%)60.85
EPS (Basic) (₹)13.91

Persistent System Ltd

NAV/Share (₹)405.46
RONW(%)24.80
EPS (Basic) (₹)91.22

Orient Technologies Ltd

NAV/Share (₹)79.17
RONW(%)20.00
EPS (Basic) (₹)12.85

LTIMindtree Ltd

NAV/Share (₹)767.28
RONW(%)21.50
EPS (Basic) (₹)155.29

Valuation

Workmates Core2Cloud Solution Ltd

P/E(X)0
CMP* (₹)0
Face value (₹)0

Persistent System Ltd

P/E(X)63.10
CMP* (₹)0
Face value (₹)0

Orient Technologies Ltd

P/E(X)27.64
CMP* (₹)0
Face value (₹)0

LTIMindtree Ltd

P/E(X)33.10
CMP* (₹)0
Face value (₹)0

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
14 Nov 2025
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
18 Nov 2025

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Workmates Core2Cloud Solution. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization14 Nov 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date18 Nov 2025Trading commences on exchange

How to Check Workmates Core2Cloud Solution Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Workmates Core2Cloud Solution from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Workmates Core2Cloud Solution IPO

Complete issue overview for Workmates Core2Cloud Solution (WORKMATES) IPO. The issue features an equity share price band of ₹200 – ₹204 per share with a minimum retail lot size of 600 Shares (minimum application amount of ₹1,22,400). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions