Workmates Core2Cloud IPO Opens Today After Raising ₹19.58 Crore from Anchor Investors

Kolkata, 11 Nov, 2025 – Kolkata-based Workmates Core2Cloud, one of the few companies in India to hold the “AWS Premier Tier Services Partner” title, is opening its ₹70-crore IPO for subscription today and company is already heading into its public issue with strong momentum, having just raised ₹19.58 crore from anchor investors.

The ₹70 crore issue, which is priced between ₹200 to ₹204 a share, shall remain open for subscription status till November 13, 2025, and would be subsequently listed on the BSE-SME platform on November 18, 2025.

Workmates Core2Cloud Anchor Investor Allocation

The anchor round was led by Invicta Continuum Fund 1 (which took 51%) and Bharat Venture Opportunities Fund (which took 30.6%). Though no mutual funds participated in the same.

Key investors include:

• Bharat Venture Opportunities Fund: 2,94,000 shares (30.63%) worth ₹5.99 crore
• Invicta Continuum Fund 1: 4,93,200 shares (51.38%) worth ₹10.06 crore
• Avora SME Fund 1: 49,200 shares (5.12%) worth ₹1.00 crore
• Visionary Value Fund: 74,400 shares (7.75%) worth ₹1.51 crore
• Americorp Capital (Mauritius) Ltd: 49,200 shares (5.12%) worth ₹1.00 crore

Debasish Sarkar, the company’s CFO, said the strong anchor participation shows “strong institutional confidence in Workmates’ next phase of growth.”

Workmates Core2Cloud Key IPO Details

As per the RHP and Prospectus of the company following are the key details of IPO

• Price Band: ₹200 – ₹204 per share
• Issue Dates: November 11 – November 13
• Lot Size: 600 shares (₹1,22,400)
• Listing: November 18 on BSE SME
• Fresh issue: 54.84cr
• Offer for sale: 10.50cr.

For retail investors, the minimum bid is for a lot of 600 shares, requiring an investment of ₹1,22,400.

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