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Workmates Core2Cloud

Listed

IPO Timeline

Issue open date

11 Nov 2025

Issue close date

13 Nov 2025

UPI mandate deadline

13 Nov 2025

Allotment finalization

14 Nov 2025

Refund initiation

17 Nov 2025

Share credit

17 Nov 2025

Listing date

18 Nov 2025

Mandate end date

28 Nov 2025

Lock-in end date for anchor investors (50%)

14 Dec 2025

Lock-in end date for anchor investors (remaining)

12 Feb 2026

Grey Market Premium Trend

₹88
Current GMP
₹292
Est. Listing Price
43.1%
Est. Listing Gain
₹200 - ₹204
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
17 Nov₹88₹29243.14%
16 Nov₹88₹29243.14%
15 Nov₹92₹29645.10%
14 Nov₹88₹29243.14%
13 Nov₹73₹27735.78%
12 Nov₹51₹25525.00%
11 Nov₹51₹25525.00%
10 Nov₹36₹24017.65%
9 Nov₹28₹23213.73%
8 Nov₹25₹22912.25%
7 Nov₹25₹22912.25%
6 Nov₹20₹2249.80%
5 Nov₹0₹2040.00%
4 Nov₹0₹2040.00%

Key Dates

Open
11 Nov 2025
Close
13 Nov 2025
Listing
18 Nov 2025

Quick Stats

Issue Size:70cr
Lot Size:600 shares

About the Company

Workmates Core2Cloud Solution Limited was incorporated in 2018 and has rapidly grown into a trusted cloud and digital transformation partner for enterprises across India. In just six years, the company has evolved from a bootstrapped startup to an AWS Premier Tier Services Partner, a distinction held by only a select few globally. Headquartered in West Bengal and led by a visionary founding team, Workmates focuses on cloud modernisation, managed services, cybersecurity integrations, and AI-led solutions.

Strengths

  • Leading provider of integrated facility management and staffing services.
  • Experienced promoters with over 20 years in workforce and facilities solutions.
  • Pan-India presence serving 300+ clients across diverse sectors.
  • Asset-light business model enabling scalable operations and low capex.
  • Strong employee training systems ensuring service quality and client retention.

Risks

  • High reliance on contract-based workforce exposes company to attrition risks.
  • Delayed payments from clients could strain working capital.
  • Regulatory changes in labour laws may impact margins and compliance.
  • Dependence on a few large clients for significant portion of revenue.
  • Competitive industry with pricing pressure from large and regional players.

Workmates Core2Cloud IPO – Frequently Asked Questions

  • The price band for the Workmates Core2Cloud IPO is set at ₹200 to ₹204 per share.
  • The Workmates Core2Cloud IPO opens on November 11, 2025 and closes on November 13, 2025.
  • The tentative listing date for the Workmates Core2Cloud IPO is November 18, 2025.
  • You can apply for the Workmates Core2Cloud IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Workmates Core2Cloud, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Workmates Core2Cloud IPO is 600 shares. Investors must apply for at least one lot (i.e., 600 shares).