Workmates Core2Cloud IPO subscribed 141.38 times on the last day. The retail quota was subscribed over 111.64 times, NII was subscribed over 202.96 times, and QIB was subscribed over 147.03 times, respectively.
Details About Workmates Core2Cloud IPO
Workmates Core2Cloud got approval from SEBI for an IPO of around ₹69.84 crores. Workmates Core2Cloud IPO is a fresh issue of ₹59.34 crores and offer for sale up to 5,14,800 equity shares with face value of ₹10 each. Further, Workmates Core2Cloud had a set price band between ₹200 to ₹204 per share.
In the Workmates Core2Cloud IPO, 1,200 shares were available in two lot sizes for the retail minimum and maximum categories.
Moreover, 1,800 shares were in 3 lot sizes for the S-HNI Minimum category.
S-HNI Maximum category received 4,800 shares in 8 lot sizes.
B-HNI minimum received 5,400 shares in 9 lot sizes.
To invest in the Workmates Core2Cloud IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,44,800.
- SHNI (Min): Minimum investment of ₹3,67,200.
- S-HNI’s maximum investment of ₹9,79,200.
- B-HNI Minimum investment of ₹11,01,600.
Workmates Core2Cloud IPO’s Subscription Duration
Workmates Core2Cloud IPO was started for subscription on November 11, 2025, and closed on November 13, 2025. The Workmates Core2Cloud IPO’s allotment date was November 14, 2025, and they received a refund on November 17, 2025. In contrast, Workmates Core2Cloud ‘s listing date is scheduled for November 18, 2025.
Workmates Core2Cloud IPO funds deployment
- The IPO money will be used for Prepayment or repayment of secured loan availed by the Company from Banks / Financial Institutions.
- The IPO’s money would be utilised for funding the Working Capital requirement of the company.
- Lastly, the remaining funds will be used for the company’s general corporate purposes.
About Workmates Core2Cloud Company
Founded on November 14, 2018, Workmates Core2Cloud Solution Limited is one of the growing cloud and digital transformation companies whose goal is to help businesses update, protect, and grow their digital core. It is a Kolkata-based company that went from being a startup to a Premier Tier AWS Partner in just six years, which is an achievement that AWS only gives to a small group of companies around the world.
Workmates Core2Cloud is involved in offering a wide range of cloud services, including Cloud Migration & Managed Services, DevOps & Automation, Cybersecurity & Analytics, Application Development, SAP Infrastructure Support, and Emerging Technologies. The company consists of a total of 129 employees in various departments.
