Archive · 18 Nov 2025
Workmates Core2Cloud Solution Shares Debut at 90% Premium
Workmates Core2Cloud Solution, a cloud solutions company, had a successful IPO.
Its shares started trading at ₹387.60, which is 90% more than the IPO price.
However, the price went down after that.
The IPO was very popular, with many people wanting to buy the shares.
The company will use the money it raised to pay off loans, get more money to run its business, and for other general purposes.
Workmates Core2Cloud Solution has done many projects for different types of businesses since it started in 2018.
Shares debuted at ₹387.60, a 90% premium over IPO price of ₹204
Listing witnessed profit booking, hitting 5% lower circuit limit
IPO received 141.38 times subscription, highest among SME IPOs
Proceeds to be used for loan repayment, working capital, and general purposes
Company is an AWS Premier Consulting Partner with 350+ projects
- Who
- Workmates Core2Cloud Solution
- What
- Listed its shares on BSE SME
- When
- November 18, 2022
- Where
- BSE SME
- Why
- To raise funds for various purposes
- IPO Price Range
- ₹200 - ₹204
- Issue Size
- ₹70 crore
- Subscription Status
- 141.38 times
- Fresh Proceeds Usage
- Loan repayment, working capital, general purposes
- Founded
- 2018
- Headquarters
- Kolkata