Workmates Core2Cloud Lists at ₹387.60 With 89.9% Premium Over IPO Price of ₹204

Kolkata, November 18: Workmates Core2Cloud IPO made a strong debut on BSE SME platform today. It listed at a price of ₹387.60, against the issue price of ₹204, with a premium of 89.9%. As of 12:10 PM, Workmates Core2Cloud share price was up by 80.15%, or 164.25 times, and was trading at ₹368.25. The traded volume stood at 13.94 lakh shares, with the company’s market cap at ₹500 crore.

Workmates Core2Cloud IPO Key Details

The ₹69.89 crore Workmates Core2Cloud IPO was a combination of fresh issue of 0.29 crore shares aggregating to ₹59.34 crores and offer for sale of 0.05 crore shares aggregating to ₹10.50 crores. Workmates Core2Cloud IPO opened on November 11 and closed on November 13. Workmates Core2Cloud IPO price band was finalised at ₹204 per share, at the upper price of the band. The lot size was 600 shares per application, with the minimum investment amount for a retail investor at ₹2,44800 (1,200 shares) at the upper price band. Horizon Management Pvt.Ltd. was the book running lead manager and MUFG Intime India Pvt.Ltd. was the registrar of the issue. The Market Maker of the company was Giriraj Stock Broking Pvt.Ltd.

Workmates Core2Cloud IPO Anchor Allocation

Ahead of the IPO, Workmates Core2Cloud raised ₹19.58 crore from anchor investors by allocating 9,60,000 equity shares at ₹204 per share on November 10, 2025. Anchor investors included Invicta Continuum Fund 1, Bharat Venture Opportunities Fund, Visionary Value Fund, Avora SME Fund 1, and Americorp Capital (Mauritius) Ltd.

Workmates Core2Cloud IPO Subscription Summary

Workmates Core2Cloud IPO was subscribed by a total of 141.38 times. QIBs subscribed to the Workmates Core2Cloud IPO by 147.03 times, Non-Institutional Buyers by 202.96 times, and retail investors by 111.64 times.

Investor Takeaway for Workmates Core2Cloud

The shares of Workmates Core2Cloud have listed with a strong premium of 89.9%, and were up around 80% as of 12:10 PM. The strong debut has provided significant listing gains to investors, who were hopeful of such a listing after the IPO witnessing heavy investor demand. Now, investors will hope that the shares perform well in the coming days and not fall under selling pressure by investors looking to book listing gains.

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