IPO Analysis > Workmates Core2Cloud IPO
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Workmates Core2Cloud IPO Opens On 11 ...

Know Everything About Workmates Core2Cloud IPO Before It Enters The Share Market 

The global cloud computing market is expected to grow from around USD 0.79 trillion in 2025 to about USD 1.69 trillion by 2030. Workmates Core2Cloud India Pvt Ltd, a company working in the same area, is ready to go public. 


Horizon Management will be managing the issue. Also, MUFG Intime is responsible for registering it. Check the Workmates Core2Cloud Tech IPO allotment status now.


To know more about the IPO, see the Workmates Core2Cloud IPO DRHP and RHP.


Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Workmates Core2Cloud Private Limited: Understanding the Company Profile


Particulars

Descriptions

Headquarters 

Kolkata

Business

Cloud and digital transformation 

Competitors

Persistent System and Orient Technologies

Promoter  

Anirban Dasgupta, Prajnashree Mohapatra, Debasish Sarkar, and Anindya Sen


Exploring the Workmates Core2Cloud IPO Details

Here's everything about the Workmates Core2Cloud Limited IPO. 


  • Workmates Core2Cloud IPO Date


Event Description

Date

Opening date for IPO applications

Tuesday, November 11, 2025

Last date to submit IPO applications

Thursday, November 13, 2025

Cut-off time for confirming the UPI mandate

5:00 PM on Thursday, November 13, 2025

Basis of share allotment announcement

Friday, November 14, 2025

Refund initiation for unallotted investors

Monday, November 17, 2025

Shares credited to Demat accounts

Monday, November 17, 2025

Expected listing date on stock exchanges

Tuesday, November 18, 2025


  • Workmates Core2Cloud IPO Size


Particulars

Shares

Aggregate Value 

Fresh Issue

(Excluding Market Maker) 

29,08,800

₹55.84 Crore

Offer for Sale

5,14,800

₹10.50 Crore

Overall Issue 

34,23,600

₹69.84 Crore


  • Workmates Core2Cloud Pvt Ltd IPO: Objective 


Purpose

Proposed Utilisation (₹ in lakhs)

Repayment or prepayment of existing secured loans 

Up to 860.00

Allocation towards working capital needs

Up to 2,920.00

General corporate needs

Undisclosed 

Total

Undisclosed



  • Other Takeaways And Workmates Core2Cloud IPO Price


Particulars

Description

Face value (₹)

10

Price Range (₹)

₹200 to ₹204 

Lot size (shares)

600

Listed At 

BSE SME


  • Investors Categorisation



Investor Type

No. of Shares Allocated

Percentage of Total Offer

Market Maker Portion

1,71,600 shares

5.01%

Qualified Institutional Buyers (QIB)

16,22,400 shares

47.39%

Non-Institutional Investors (NII/HNI)

4,89,600 shares

14.30%

Retail Individual Investors

11,40,000 shares

33.30%

Total Shares in Offer

34,23,600 shares

100.00%


  • Anchor Investor


Particulars

Details

Anchor Investor Bidding Date

November 10, 2025

Total Shares Allocated to Anchors

9,60,000

Anchor Portion Value (in ₹ Crores)

19.58

Lock-in End Date for 50% of Shares (30 Days)

December 14, 2025

Lock-in End Date for Remaining Shares (90 Days)

February 12, 2026



Workmates Core2Cloud Solution Ltd: Key Financials 


Particulars

August 31, 2025

2025

2024

2023

Equity share capital (₹ lakhs)

1,001.00

1.00

1.00

1.00

Other equity (₹ lakhs)

2,009.35

2,287.62

894.92

360.07

Net worth (₹ lakhs)

3,010.35

2,288.62

895.92

361.07

Total income (₹ lakhs)

5,955.31

10,838.65

5,352.94

2,913.88

Restated loss for the year/period after tax (₹)

721.73

1,392.70

534.85

185.84

Restated basic and diluted earnings per share (Pre Bonus) (₹)

7,217.30

13,927.02

5,348.51

1,858.44

Restated basic and diluted earnings per share (Post Bonus) (₹)

7.21

13.91

5.34

1.86

NAV (Pre Bonus) (₹)

30,104

22,886.20

8,959.43

3,610.88

NAV (Post Bonus) (₹)

30.07

22.86

8.95

3.61

Total borrowings (₹ lakhs)

867.51

879.33

NA

NA

Strengths and risks

Let's see the risks and strengths to get the Workmates Core2Cloud IPO review: 

Strengths


  • Strong Bonds with Clients: The company has built lasting relationships with its customers by truly understanding what they need and delivering smart solutions.

  • Always Innovating and Evolving: As more companies move their work to the cloud, the company is giving better cybersecurity and smarter tech for industries like banking, healthcare, and government.

  • Exceptional Talent: The team is the company’s biggest strength. They invest in finding great talent, helping them grow, and making sure everyone feels valued.

  • Getting Things Done Right: The company focuses on doing things efficiently and on time. Whether it’s a small business or a big enterprise, their cloud solutions are made to help clients achieve faster.


Risks 


  • Heavy Dependence on a Few Clients: A big part of the company’s income comes from a small number of customers. If even one major client moves away, it could affect business performance.

  • Relying on Limited Suppliers: The company depends on a few key suppliers. Any delay or issue in getting products or services from them could slow down operations.

  • Keeping Up with New Trends: The company must keep upgrading its products and services. If new ideas don’t click with the market, it could affect growth.

  • Licenses and Approvals: The business runs on several approvals and permits. If there’s a delay or problem in getting them renewed, it could cause operational and financial challenges.

Should You Apply for the Workmates Core2Cloud India Ltd IPO?


As of November 6, 2025, the Workmates Core2Cloud IPO GMP hasn’t been updated. You can see the IPO's live GMP and the subscription status. Also, check the Workmates Core2Cloud RHP before you click on the Apply Now button.

FAQs

1. How is the Workmates Core2Cloud review?

Workmates Core2Cloud Limited is a cloud and digital transformation company. However, you can check the IPO date, size, Workmates Core2Cloud revenue, and financials in its DRHP. For the latest details, you can also look for the GMP updates

2. What is the Workmates Core2Cloud Ltd IPO date?

The IPO open date is November 11, 2025, and the close date is November 13, 2025, as of November 6, 2025. Live subscription details can be monitored through FinnPick. 

3. What is the Workmates Core2Cloud share price target 2025? 

The Workmates Core2Cloud share price is ₹200 to ₹204 as of November 6, 2025. Also, don't forget to check the Workmates Core2Cloud IPO news. 

4. Should I use a demat account to bid for the Workmates Core2Cloud Limited IPO?

Yes, a demat account is required to bid for the Workmates Core2Cloud Limited IPO. Click here to get the ultimate list of the top demat account providers.
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