The Workmates Core2Cloud IPO is grabbing investor attention! On the second day of bidding, this IPO showed an amazing response from all types of investors. By 3:54 PM, the Workmates Core2Cloud IPO was subscribed 7.16 times overall, showing strong market excitement and investor confidence.
Strong Response from All Investor Categories
The Workmates Core2Cloud IPO subscription status on Day 2 showed that retail and non-institutional investors were leading the way.
- Retail Investors subscribed 8.69 times, reflecting huge demand.
- Non-Institutional Investors (NIIs) subscribed 11.31 times, showing even stronger participation.
- Qualified Institutional Buyers (QIBs) subscribed 1.48 times (excluding anchor investors).
This steady growth in demand across categories shows that investors have strong faith in the company’s future before the final day of bidding.
About Workmates Core2Cloud
Founded in 2018 and based in Kolkata, Workmates Core2Cloud Solutions Limited is an AWS Premier Tier Services Partner. The company helps businesses with:
- Cloud modernization and migration
- Managed solutions and cybersecurity
- AI-driven cloud transformation
The company serves clients across industries such as IT, banking, manufacturing, and e-commerce. With its strong tech background and growing client base, Workmates Core2Cloud is aiming to go public to fund its next stage of growth.
Workmates Core2Cloud IPO Details
The Workmates Core2Cloud IPO is a book-built issue worth ₹69.84 crores. It includes a fresh issue of shares worth ₹59.34 crores and an offer for sale (OFS) worth ₹10.50 crores.
The IPO opened on 11 November 2025 and will close on 13 November 2025. The Workmates Core2Cloud IPO allotment date is expected to be 14 November 2025, and it will be listed on the BSE SME platform on 18 November 2025.
The price band is between ₹200 and ₹204 per share. The minimum lot size for retail investors is 1,200 shares, which means a minimum investment of around ₹2,44,800. For HNIs, the minimum application is 3 lots (1,800 shares) or ₹3,67,200.
Anchor Investor Confidence
Before the IPO opened, Workmates Core2Cloud raised ₹19.58 crores from five anchor investors on 10 November 2025. The company allotted 9,60,000 shares at ₹204 per share to top investors like:
- Invicta Continuum Fund 1
- Bharat Venture Opportunities Fund
- Visionary Value Fund
This early support from well-known institutional investors shows strong confidence in the company’s business model and long-term potential.
Day 2 Subscription Breakdown
As per the latest data, investor participation remained solid:
- Anchor investors fully subscribed their portion worth ₹19.58 crore.
- Market makers also achieved full subscription, adding to the strong momentum.
- The total IPO received 9,683 applications, bidding for 1.64 crore shares worth nearly ₹334.94 crore.
Such demand highlights positive market sentiment and faith in the company’s future plans.
Outlook and Market Sentiment
The Workmates Core2Cloud IPO has seen tremendous enthusiasm from all investor groups. The high subscription levels from retail and NII investors, along with strong backing from anchor investors, reflect investor belief in the company’s growth potential.
With its focus on cloud modernization, AI-driven solutions, and digital transformation, Workmates Core2Cloud appears well-positioned for future success.
Disclaimer: This news article is for educational purposes only. It is not a recommendation to buy, sell, or apply for any IPO. Please consult your financial advisor before investing.
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