How to Check Workmates Core2Cloud Solution IPO Allotment Status

Workmates Core2Cloud Solutions Limited is an AWS Premier Consulting Partner that provides scalable and innovative cloud solutions across industries such as finance, healthcare, retail, and e-commerce. The company offers services in cloud migration, DevOps, cybersecurity, analytics, SAP infrastructure, and emerging technologies like IoT and AI/ML.

As of March 31, 2025, Workmates Core2Cloud reported total assets of ₹62.16 crore and a net profit of ₹13.93 crore. The company has completed more than 350 projects for over 200 clients and operates with a team of 129 professionals.

The Workmates Core2Cloud IPO had a total issue size of ₹69.84 crore, comprising a fresh issue of ₹59.34 crore and an offer for sale of ₹10.50 crore. The IPO opened on November 11, 2025, and closed on November 13, 2025. The allotment is expected to be finalized on Friday, November 14, 2025. The price band was set at ₹200 to ₹204 per share.

Steps to Check Workmates Core2Cloud IPO Allotment Status on Registrar Site

• Visit the MUFG Intime India Pvt. Ltd.
• Select "Workmates Core2Cloud" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Workmates Core2Cloud IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Workmates Core2Cloud" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Workmates Core2Cloud IPO Subscription Status

Workmates Core2Cloud IPO received strong investor interest, being subscribed 141.38 times overall as of 6:09:40 PM on November 13, 2025.

• QIB Category (Ex Anchor): 147.03 times
• Non-Institutional Investors (NII): 202.96 times
• Individual Investors: 111.64 times

Workmates Core2Cloud IPO Share Price and Investment Details

The minimum investment required was ₹2,44,800 for 2 lots (1,200 shares). The issue raised ₹19.58 crore from anchor investors. Given the high subscription levels with QIB participation at 147.03 times, NII at 202.96 times, and retail at 111.64 times, listing expectations remain strong.

Utilisation of IPO Proceeds

• Prepayment or repayment of secured loans – ₹8.60 crore
• Funding of working capital requirements – ₹29.20 crore
• General corporate purposes

Business Overview

Workmates Core2Cloud Solutions Limited, founded in 2018, is a Kolkata-based AWS Premier Consulting Partner known for its expertise in digital transformation and cloud-based solutions. The company has executed over 350 projects for clients across finance, healthcare, retail, media, and e-commerce sectors.

Its core strengths include an experienced promoter team, a capital-efficient business model, long-standing client relationships, and expertise in emerging technologies such as AI, Blockchain, and IoT. The company’s financial performance has been robust, with revenue growing by 102% and PAT rising by 160% between FY24 and FY25. The post-issue P/E ratio stands at 15.21, while the Price-to-Book Value is 8.92, indicating a reasonable valuation for investors.