Workmates Core2Cloud IPO is a book-built issue aiming to raise ₹69.84 crore. It comprises a fresh issue of 0.29 crore shares and an offer for sale of 0.05 crore shares The bidding window was open from November 11, 2025, to November 13, 2025, with the IPO allotment to be finalised on November 14, 2025. Workmates Core2Cloud is scheduled to list on BSE SME on November 18, 2025.
The IPO was priced at ₹200–₹204 per share with a lot size of 600 shares. The public issue received bids for 32,40,34,800 shares against 22,92,000 shares available, resulting in an overall subscription of 141.38 times. QIBs quota was subscribed 147.03 times while NIIs quota was subscribed 202.96 times and retail investors saw oversubscription of 111.64 times.
Workmates Core2Cloud’s ₹69.84 crore IPO, priced at ₹200–₹204 per share, was subscribed 141.38 times overall. The IPO consists of a fresh issue of 0.29 crore shares and offer for sale of 0.05 crore shares. Bidding took place from November 11 to November 13, 2025, with the Workmates Core2Cloud IPO allotment status on November 14, 2025. Retail investors subscribed 111.64 times and NIIs 202.96 times. Listing is expected on November 18, 2025.
The table below breaks down the Workmates Core2Cloud share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,71,600 (5.01%) |
| QIB Shares Offered | 16,22,400 (47.39%) |
| − Anchor Investor Shares Offered | 9,60,000 (28.04%) |
| − QIB (Ex. Anchor) Shares Offered | 6,62,400 (19.35%) |
| NII (HNI) Shares Offered | 4,89,600 (14.30%) |
| − bNII > ₹10L | 3,26,400 (9.53%) |
| − sNII < ₹10L | 1,63,200 (4.77%) |
| Retail Shares Offered | 11,40,000 (33.30%) |
| Total Shares Offered | 34,23,600 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 147.03 |
| Non-Institutional Investors | 202.96 |
| Retail Individual Investors | 111.64 |
| Total shares | 141.38 |
Note: The subscription details are as of November 13, 2025
Workmates Core2Cloud Solutions Limited, founded in November 2018, is a rapidly expanding cloud and digital transformation firm that supports enterprises in modernising, securing, and scaling their digital infrastructure.
The company became a publicly listed entity in January 2025 and has swiftly emerged as one of India’s top AWS Premier Consulting Partners — a recognition granted to a select few firms worldwide for their excellence in cloud implementation and service delivery.
In just six years, Workmates Core2Cloud has achieved significant growth, being named AWS Consulting Partner of the Year 2025.
The company offers comprehensive cloud solutions, including workload assessment, migration, application modernisation, and managed services, all focused on enhancing agility, security, and innovation.
With seven AWS Competencies, the company provides industry-specific cloud and AI-powered solutions for sectors such as IT/ITES, BFSI, manufacturing, e-commerce, and media.
Additionally, it leverages advanced cybersecurity frameworks to maintain secure, compliant, and resilient digital ecosystems.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 13, 2025, 10:23 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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