Sharescart Research Club logo
Apollo Green 56 (-6.7%)Axles India 505 (-3.8%)Bira 88 (-18.5%)CIAL 438 (0%)CSK 264 (0%)ESDS Software 448 (0.7%)Garuda Aerospace 478 (-1.4%)Hero Fincorp 1045 (-0.5%)HPX India 28 (-3.4%)Incred Holdings 150 (-1.3%)India Carbon 895 (0%)Indian Potash 2850 (0%)Inox Clean 725 (-3.3%)Insolare Energy 185 (0%)Lava 52 (8.3%)Matrix Gas 15 (-6.2%)Motilal Oswal 12.5 (4.6%)MSEI 6.25 (-3.8%)NCDEX 384 (-5.2%)NeRL 56 (-3.4%)NSE 2045 (6.2%)Onix Renewable 59 (-18.1%)Orbis Financial 425 (4.9%)OYO 24 (0%)OYO Assets 12 (0%)Pharmeasy 6.25 (8.7%)Polymatech Electronics 62 (0%)RRP S4E 168 (0%)SBI Mutual 775 (0%)Taparia Tools 6050 (0%)Ticker Ltd 32 (0%)Zepto 48 (-4%)

15 Days Price Change

Workmates Core2Cloud IPO

Closing In

  • days
  • Hours
  • Minutes
  • Seconds
Profile
Issue Size 50.26 Cr
Profile
Price Range 200  to  204 per share
Profile
Min Investment ₹204
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Workmates is a cloud and digital transformation companies, dedicated to helping enterprises modernize, secure, and scale theirdigital core. In just six years, we have grown from a startup to a Premier Tier AWS Partner a distinction recognised foronly a select group globally by AWS. This status reflects our deep technical expertise, proven customer success, and our abilityto deliver complex cloud projects at scale. Read More

Basic Info

Face Value 10 per share

Price 200  to  204 per share

P/E (x) 0

Sales( Cr.) 108

PAT( Cr.) 14

EPS 13927

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Debasish Sarkar Kamal Nath Anirban Dasgupta Anindya Sen Prajnashree Mohapatra Shilpa Mohta Anjali Awasthi Basanta Kumar Rana

Pre Issue Share Holding 98.1%

Post Issue Share Holding 72.03%

Listing Details:

Listing Price: 387.6

Listing Gain: 47.37%

Current Price: 350

Gain On Issue: 350 | 0%

GMP: 88

GMP %: 43.1 %

IPO Tentative Timetable

Opening Date Nov 11, 2025
Closing Date Nov 13, 2025
Allotment Nov 14, 2025
Refund Nov 17, 2025
Delivery of Shares Nov 17, 2025
Listing Date Nov 18, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 244,800
Retail (Max) -- -- --
S-HNI (Min) 1 1200 244,800
S-HNI (Max) 4 4800 979,200
B-HNI (Min) 5 6000 1,224,000

Objective of the Issue

1. Prepayment or repayment of secured loan availed by our Company from Banks.2. Funding of Working Capital requirements of our company.3. General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 662400 97393200 147x
NII 661200 99541200 150.5x
Retail 1140000 127272000 111.6x
EMP 0 0 0x
Total 2463600 324206400 131.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Workmates Core2Cloud Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 13 29 53 108
Other Income 0 0 0 1
Total Income 13 29 54 108
Total Expenditure 11 26 46 89
Operating Profit 2 3 8 19
Interest 0 0 0 0
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 2 3 7 19
Provision for Tax 0 1 2 5
Profit After Tax 1 2 5 14
Adjustments 0 0 0 0
Profit After Adjustments 1 2 5 14
Adjusted Earnings Per Share 1.3 1.9 5.3 13.9

Workmates Core2Cloud Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2 4 9 23
Minority's Interest 0 0 0 0
Borrowings 0 0 0 9
Other Non-Current Liabilities 0 0 0 -0
Total Current Liabilities 3 7 15 31
Total Liabilities 5 11 24 62
Fixed Assets 0 0 0 1
Other Non-Current Assets 0 0 0 10
Total Current Assets 5 11 24 51
Total Assets 5 11 24 62

Workmates Core2Cloud Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 2 4 10
Cash Flow from Operating Activities 2 2 10 5
Cash Flow from Investing Activities -0 -0 -4 -15
Cash Flow from Financing Activities 0 0 0 9
Net Cash Inflow / Outflow 2 2 6 -1
Closing Cash & Cash Equivalent 2 4 10 9

Workmates Core2Cloud Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.25 1.86 5.34 13.91
CEPS(Rs) 1.31 2.03 5.56 0
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 1.75 3.61 8.95 22.86
Core EBITDA Margin(%) 13.58 8.69 13.89 17.01
EBIT Margin(%) 13.18 8.76 14.06 17.43
Pre Tax Margin(%) 13.18 8.76 14.06 17.41
PAT Margin (%) 9.78 6.42 10.05 12.94
Cash Profit Margin (%) 10.26 7 10.45 13.22
ROA(%) 26.39 23.49 30.08 32.16
ROE(%) 71.47 69.3 85.1 87.47
ROCE(%) 96.28 94.57 119.07 92.31
Receivable days 41.96 35.51 32.57 50.84
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0.15 -0.13 -0.25 -0.07
EV/Core EBITDA(x) -1.12 -1.44 -1.76 -0.42
Net Sales Growth(%) 0 126.17 83.85 102.25
EBIT Growth(%) 0 50.3 195.12 150.64
PAT Growth(%) 0 48.4 187.8 160.39
EPS Growth(%) 0 48.4 187.8 160.39
Debt/Equity(x) 0 0 0 0.38
Current Ratio(x) 1.54 1.45 1.56 1.65
Quick Ratio(x) 1.54 1.45 1.56 1.65
Interest Cover(x) 2410.29 0 9354.63 1659.92
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 104% 103% 0% 0%
Operating Profit CAGR 138% 112% 0% 0%
PAT CAGR 180% 141% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 87% 81% 78% 78%
ROCE Average 92% 102% 101% 101%

Company Contact Information

Workmates Core2Cloud Solution Ltd.

Purbali Saha

+ 91 33 450 84924

cs@cloudworkmates.com

Flat 7, 3rd Floor, 3 A Rammohan Mullick Garden Lane

IPO Lead Manager(s)

Workmates Core2Cloud Solution Ltd.

Horizon Management Pvt Ltd.

Registrar Info

Workmates Core2Cloud Solution Ltd.

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

Wealth Icon
Don’t Miss Out on Unlisted Shares

Open your account today and gain instant access to top unlisted shares and pre-IPO opportunities.

whatsapp