Workmates Core2Cloud Solution IPO

About the company

Incorporated in 2018, Workmates Core2 Cloud Solution is a cloud and digital transformation company dedicated to helping enterprises modernise, secure, and scale their digital core. It has now become a premier tier AWS partner and was recognised as AWS consulting partner of the year 2025. The company’s services include workload assessment, seamless migration, application modernisation, and end-to-end managed services. The company has wide range of customers from different verticals. Its largest segments include IT/ITES (37.4%) and FSI/BFSI (30.4%), which shows deep engagement with technology-driven and financially regulated industries where cloud adoption is both critical and complex. The company also serves Manufacturing (8.7%), E-commerce (6.1%), Media (4.5%), and a mix of other sectors (9.3%). Regionally, revenue was led by Telangana (22.8%), followed by Karnataka (12.9%) and Maharashtra (12.6%). Exports formed 2.85% of revenue, led by the US (2.25%) as of August 2025.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   11 Nov 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   13 Nov 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   14 Nov 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   17 Nov 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   17 Nov 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   18 Nov 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.