Cloud Innovator Workmates Core2Cloud Solution IPO Opens Nov 11! Grab Shares at ₹200-204

Workmates Core2Cloud Solution, a provider of cloud and cloud-centric services in partnership with Amazon Web Services, is launching its Initial Public Offering (IPO) with a price band set between ₹200 and ₹204 per equity share. The total issue size is ₹69.8 crore, comprising a fresh issue of shares worth ₹59.34 crore and an offer for sale of up to ₹10.50 crore by its promoters. The subscription period for the IPO will be from November 11 to November 13. The equity shares are proposed to be listed on the BSE SME Platform, with an expected listing date around November 18. The company plans to utilise the proceeds from the fresh issue primarily for funding working capital requirements (₹29.2 crore) and for the repayment of debt (₹8.6 crore), along with general corporate purposes. Financials show Workmates reported a revenue of ₹107.64 crore and PAT of ₹13.92 crore in FY 25. Impact This IPO offers investors a chance to participate in a growing cloud services company, particularly within the SME segment of the Indian stock market. It can lead to increased visibility and access to capital for Workmates Core2Cloud Solution, potentially aiding its growth trajectory. 5 Definitions: IPO (Initial Public Offering): The first time a private company sells its shares to the public. Price Band: The range within which bidding for shares is allowed during an IPO. Fresh Issue: Issuance of new shares by the company. Offer for Sale (OFS): Existing shareholders sell their shares. Working Capital: Funds for day-to-day operations. PAT (Profit After Tax): Net profit after deducting taxes. BSE SME Platform: A stock exchange segment for small and medium-sized enterprises.