Workmates Core2Cloud Solution IPO

1.63x

subscribed

Workmates Core2Cloud Solution IPO

IT - Software
open
₹2.40LMin. investment
  1. Pre-apply
    10 Nov
  2. Bid start
    11 Nov
  3. Bid end
    13 Nov
  4. Allotment
    14 Nov
  5. Release of funds
    17 Nov
  6. Demat transfer
    17 Nov
  7. Listing
    18 Nov

About Workmates Core2Cloud Solution Limited

SectorIT - Software
Price range₹200 – ₹204
IPO type
SME
Lot size600 shares
Issue size₹69Cr
Red Herring Prospectus
Read
Market Cap
₹263.54CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹107.64CrLower than sector avg
Growth rate3Y CAGR
92.82%Higher than sector avg

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹107.64Cr
This sector
₹2,461.47Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
92.82%
This sector
0.05%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹13.93Cr
This sector
₹373.09Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹263.54Cr
This sector
₹14,720.51Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
14.66
This sector
148.01
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.38
This sector
0.31
Compare with companies

Objectives

Working capital
49.20%
General corporate purposes
36.30%
Repayment of loans
14.40%

About Workmates Core2Cloud Solution Limited

Incorporated in 2018, Workmates Core2 Cloud Solution is a cloud and digital transformation company dedicated to helping enterprises modernise, secure, and scale their digital core. It has now become a premier tier AWS partner and was recognised as AWS consulting partner of the year 2025. The company’s services include workload assessment, seamless migration, application modernisation, and end-to-end managed services. The company has wide range of customers from different verticals. Its largest segments include IT/ITES (37.4%) and FSI/BFSI (30.4%), which shows deep engagement with technology-driven and financially regulated industries where cloud adoption is both critical and complex. The company also serves Manufacturing (8.7%), E-commerce (6.1%), Media (4.5%), and a mix of other sectors (9.3%). Regionally, revenue was led by Telangana (22.8%), followed by Karnataka (12.9%) and Maharashtra (12.6%). Exports formed 2.85% of revenue, led by the US (2.25%) as of August 2025.

IPO Subscription Status

Date
QIB
NII
Retail
Total
11-Nov-25 (Today)
0.02 times (X)
3.6 times (X)
1.72 times (X)
1.63 times (X)

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Workmates Core2Cloud Solution IPO ?

The issue size of the Workmates Core2Cloud Solution IPO is 69 Cr.

What is 'pre-apply' for Workmates Core2Cloud Solution IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Workmates Core2Cloud Solution IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Bidding closes on 13 Nov 2025, 5:00 PM