Workmates Core2Cloud SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 18 Nov 2025 | ₹88 | +43.14% | ₹40,100 | ₹292 | ₹52,800 |
| 17 Nov 2025 | ₹88 | +43.14% | ₹40,100 | ₹292 | ₹52,800 |
| 16 Nov 2025 | ₹92 | +45.10% | ₹42,000 | ₹296 | ₹55,200 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- Listing date
- 18 Nov 2025
- Face value
- ₹10 per share
- Issue price
- ₹204 per share
- Lot size
- 600 shares
- Total issue size
- ₹69.84 Cr
- Market cap at offer price
- ₹264 Cr
- Promoter holding
- 98.10% → 72.02% pre-issue → post-issue
- ISIN
- INE1I1301016
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Horizon Management Pvt.Ltd.
- Registered office
- Flat 7, 3rd Floor, 3A, Rammohan Mullick Garden Lane, West Bengal
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 9,60,000 | — | — |
| Market maker | 1,71,600 | — | — |
Application size
Minimum 600 shares per lot, in multiples, at ₹204
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 600 | ₹1,22,400 |
| S-HNI (min) | 2 | 1,200 | ₹2,44,800 |
| S-HNI (max) | 8 | 4,800 | ₹9,79,200 |
| B-HNI (min) | 9 | 5,400 | ₹11,01,600 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹204 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 13.91 | 13.41 |
| P/E (×) | 14.67 | 15.21 |
| Price to book (×) | 8.92 | — |
| Market cap | — | ₹264 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 60.85%
- ROCE
- 64.61%
- Debt / equity
- 0.38
- PAT margin
- 12.85%
- EBITDA margin
- 17.58%
- NAV per share
- ₹22.86
- Price to book
- 8.92
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.