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Workmates Core2Cloud Solution Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| BSE | ₹387.60 | +₹183.60 | +90.00% |
Workmates Core2Cloud Solution Subscription
Last updated on 13-Nov-2025 18:43:05
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 662400 | 97393200 | 147.03 |
| HNIs | 489600 | 99369600 | 202.96 |
| bHNI | 326400 | 79930200 | 244.88 |
| sHNI | 163200 | 19439400 | 119.11 |
| Individual | 1140000 | 127274400 | 111.64 |
| Total | 2292000 | 324037200 | 141.38 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 181 | 13582 | 75.04 |
| HNIs (3-10L) | 91 | 9702 | 106.62 |
| Individual | 950 | 106062 | 111.64 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹40.3 | @8% ₹46 | @9% ₹51.8 | @10% ₹57.5 | @11% ₹63.3 | @12% ₹69 |
Workmates Core2Cloud Solution Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| bHNI | 9 | 5400 | 1101600 | 181 |
Workmates Core2Cloud Solution Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 960000 | 28.04% |
| QIB | 662400 | 19.35% |
| HNI | 489600 | 14.3% |
| INDIVIDUAL | 1140000 | 33.3% |
| Market Maker | 171600 | 5.01% |
| Total | 3423600 | 100% |
Workmates Core2Cloud Solution About
IPO Details
| Total Issue Size | 34,23,600 shares (aggregating up to 69.84 Cr) |
| Fresh Issue | 29,08,800 shares (aggregating up to 59.33 Cr) |
| Offer for Sale | 5,14,800 shares (aggregating up to 10.50 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,10,000 shares |
| Share Holding Post Issue | 1,29,18,800 shares |
| Reserved for Market Maker | 1,71,600 shares (aggregating up to 3.50 Cr) |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. |
Key Performance Indicators
| KPI | Aug-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE | 27.24% | 67.44% | 85.10% |
| ROCE | 30.14% | 64.61% | 122.44% |
| RONW | 23.97% | 60.85% | 59.70% |
| EPS (basic) | 7.21 | 13.91 | 5.34 |
| P/E Pre IPO | 14.66 | ||
| P/E Post IPO | 15.21 |
Financial Details In Crores
| Period Ended | Aug-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 69.44 | 62.16 | 24.57 | 11.14 |
| Total Income | 59.55 | 108.39 | 53.53 | 29.14 |
| Profit After Tax | 7.22 | 13.93 | 5.35 | 1.86 |
| EBITDA | 10.62 | 19.05 | 7.7 | 2.7 |
| NET Worth | 30.1 | 22.89 | 8.96 | 3.61 |
| Reserves and Surplus | 20.09 | 22.88 | 8.95 | 3.6 |
| Total Borrowing | 8.68 | 8.79 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Workmates Core2Cloud Solution Limited | 14.66 | 10.00 | |
| Persistent System Limited | 63.1 | 5,668.75 | 5.00 |
| Orient Technologies Ltd. | 27.64 | 337.9 | 10.00 |
| LTIMindtree Ltd. | 33.1 | 5128.3 | 1.00 |
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Workmates Core2Cloud Solution Limited | 22.86 | 60.85 | 13.91 |
| Persistent System Limited | 405.46 | 24.80 | 91.22 |
| Orient Technologies Ltd. | 79.17 | 20 | 12.85 |
| LTIMindtree Ltd. | 767.28 | 21.5 | 155.29 |
Company Overview
Incorporated: 2018
Headquarters: Kolkata, West Bengal
Business: AWS Premier Consulting Partner offering scalable and innovative cloud technology solutions across India
Projects Delivered: 350+ successful projects
Client Base: 200+ clients across industries like finance, healthcare, retail, e-commerce, and media
Core Offerings:
Cloud Migration & Managed Services – End-to-end cloud transition and management ensuring cost efficiency and performance optimization.
DevOps & Automation – CI/CD pipeline implementation with tools like AWS CloudFormation.
Cybersecurity & Analytics – Security and data analytics solutions for cloud and hybrid systems.
Application Development – Custom-built business applications on AWS.
SAP Infrastructure Support – Migration and management of SAP workloads on cloud.
Emerging Tech Services – IoT, Blockchain, AI/ML, VR, and AR solutions.
Employee Strength (as of Mar 31, 2025): 129 employees
Headquarters: Kolkata, West Bengal
Business: AWS Premier Consulting Partner offering scalable and innovative cloud technology solutions across India
Projects Delivered: 350+ successful projects
Client Base: 200+ clients across industries like finance, healthcare, retail, e-commerce, and media
Core Offerings:
Cloud Migration & Managed Services – End-to-end cloud transition and management ensuring cost efficiency and performance optimization.
DevOps & Automation – CI/CD pipeline implementation with tools like AWS CloudFormation.
Cybersecurity & Analytics – Security and data analytics solutions for cloud and hybrid systems.
Application Development – Custom-built business applications on AWS.
SAP Infrastructure Support – Migration and management of SAP workloads on cloud.
Emerging Tech Services – IoT, Blockchain, AI/ML, VR, and AR solutions.
Employee Strength (as of Mar 31, 2025): 129 employees
Strength
Customer-Centric and Trusted Relationships: Strong track record of client satisfaction with long-term partnerships across major industries.
Experienced Leadership: Backed by skilled promoters and proven management with deep expertise in cloud technologies and AWS ecosystem.
Scalable and Capital-Efficient Model: Agile business structure enabling sustainable growth without heavy infrastructure costs.
Weakness
Revenue Concentration Risk: Heavy dependence on a few key customers; lack of long-term contracts may impact revenue stability if major clients exit.
Supplier Dependency: Relies on a few technology and service suppliers—any delay or disruption may affect project delivery and cash flow.
Technology Partnership Dependence: Business heavily reliant on AWS collaboration; any change in partnership terms could affect operations and growth.
Workmates Core2Cloud Solution Latest Announcements
| Date | Subject | Attachment Text |
|---|
Workmates Core2Cloud Solution Financial Results
Workmates Core2Cloud Solution Lead Manager(s)
Workmates Core2Cloud Solution Address
Workmates Core2Cloud Solution Ltd.
Flat 7, 3rd Floor, 3A
Rammohan Mullick Garden Lane
Kolkata, West Bengal, 700010
Phone: + 91 33 450 8492
Email: cs@cloudworkmates.com
Website: http://www.cloudworkmates.com/
Flat 7, 3rd Floor, 3A
Rammohan Mullick Garden Lane
Kolkata, West Bengal, 700010
Phone: + 91 33 450 8492
Email: cs@cloudworkmates.com
Website: http://www.cloudworkmates.com/
Workmates Core2Cloud Solution Registrar
MUFG Intime India Private Limited - Link Intime
Phone:
+912249186270
Address:
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083
Workmates Core2Cloud Solution Reviewers
| Reviewer | Recommendation | File |
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