Workmates Core2Cloud Solution Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,622,400 (47%) | — | ₹3,310 Cr |
| NII (HNI) | — | 489,600 (14%) | — | ₹999 Cr |
| Retail | — | 1,140,000 (33%) | — | ₹2,326 Cr |
| Market Maker | — | 171,600 (5%) | — | ₹35 Cr |
| Σ Total | — | 3,423,600 (100%) | — | ₹69,841 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹122,400 |
| Retail (Max) | 13 | 7,800 | ₹1,591,200 |
| S-HNI (Min) | 14 | 8,400 | ₹1,713,600 |
| B-HNI (Min) | 67 | 40,200 | ₹8,200,800 |
Financial Statements Amount In Crore
| Metric | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 60 | 108 | 54 |
| EBITDA | 11 | 19 | 8 |
| Profit After Tax | 7 | 14 | 5 |
| Net Worth | 30 | 23 | 9 |
| Total Assets | 69 | 62 | 25 |
| Reserves & Surplus | 20 | 23 | 9 |
| Total Borrowing | 9 | 9 | — |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Prepayment or repayment of secured loan availed by the Company from Banks / Financial Institutions – 8.60
- 2 Funding of Working Capital requirement of the company. – 29.20
- 3 General corporate purposes –
Company Overview
Workmates Core2Cloud Solution Limited, based in Kolkata, is an AWS Premier Consulting Partner known for scalable and innovative cloud solutions across India. Founded in 2018, the company has rapidly expanded, completing over 350 projects for more than 200 clients across various industries, including finance, healthcare, retail, e-commerce, and media.
Workmates Core2Cloud specialises in a comprehensive range of cloud services:
- Cloud Migration & Managed Services: Seamless transition and management of applications on AWS, ensuring optimized performance and cost-efficiency.
- DevOps & Automation: Implementation of CI/CD pipelines and infrastructure automation using tools like AWS CloudFormation.
- Cybersecurity & Analytics: Robust security solutions for cloud and hybrid environments, coupled with data analytics services.
- Application Development: Custom application solutions tailored to business needs.
- SAP Infrastructure Support: Expertise in migrating and managing SAP workloads on AWS.
- Emerging Technologies: Services encompassing IoT, Blockchain, AI/ML, VR, and AR.
As of March 31, 2025, the company had a total strength of 129 in various departments.
Competitive Strength:
- Customer Satisfaction and Long-Standing Relationships.
- Experienced Promoters and Proven Leadership.
- Scalable, Capital-Efficient Business Model