What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Workmates Core2Cloud Solution Limited IPO?

Workmates Core2Cloud Solution Limited IPO has received a total subscription of 141.45 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Workmates Core2Cloud Solution Limited

ListedSME

Information Technology (IT) · BSE

Incorporated in 2018 and based in Kolkata, Workmates Core2Cloud Solution Limited is an AWS Premier Consulting Partner offering scalable cloud solutions across India. The company has completed over 350 projects for more than 200 clients across sectors such as finance, healthcare, retail, e-commerce, and media. Its services include cloud migration, managed services, DevOps automation, cybersecurity, data analytics, application development, SAP workload management, and emerging technologies like IoT, Blockchain, AI/ML, VR, and AR. Workmates Core2Cloud helps businesses move to the cloud, optimize costs, improve performance, and enhance security. As of March 31, 2025, the company employed 129 professionals across various functions.

Price Band

₹200 – ₹204

Issue Size

₹69.84 Cr

Lot Size

600 shares

GMP

₹78

+38.2%

Est. Listing

₹282

at current GMP

Subscribed

141.45x

overall

Open

11 Nov 2025

13 Nov 2025

Allotment

14 Nov 2025

Refund

15 Nov 2025

Demat Credit

16 Nov 2025

Listing

18 Nov 2025

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

141.45x

Total Demand

QIB Multiplier

147.03x

Institutions & Funds

NII / HNI

203.31x

High Net-Worth

Retail (RII)

111.64x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 141.45x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	662,400	97,393,200	147.03x
NIB	489,600	99,541,200	203.31x
HNIs(10L +)	326,400	80,101,800	245.41x
HNIs (2-10L)	163,200	19,439,400	119.11x
RETAIL	1,140,000	127,274,400	111.64x
Total	2,781,600	423,750,000	141.45x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 125.01x

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	129	0.00x
NIB	—	23,284	0.00x
RETAIL	950	106,062	111.64x
HNIs(10L +)	181	13,582	75.04x
HNIs (2-10L)	91	9,702	106.62x
Total Applications	1,222	152,759	125.01x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Workmates Core2Cloud Solution Limited Public Issue & Market Profile

Workmates Core2Cloud Solution Limited is bringing an initial public offering (IPO) in the Information Technology (IT) sector with an aggregate issue size of ₹69.84 Crores. The shares are offered at a price band of ₹200 to ₹204 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2025-11-13, the basis of allotment is scheduled to be finalized on 2025-11-14. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Workmates Core2Cloud Solution Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Workmates Core2Cloud Solution Limited IPO is ₹78 per equity share. Based on the upper price band of ₹200 to ₹204 per equity share, the estimated listing price is ₹282 (+38.2% expected listing gain).

What is the expected profit per lot for Workmates Core2Cloud Solution Limited IPO?

With a lot size of 600 shares and current GMP of ₹78, the expected profit per application lot is approx ₹46,800 (+38.2% gain). Minimum application cost is approx ₹1,22,400.

What is the issue size and price band for Workmates Core2Cloud Solution Limited IPO?

The Workmates Core2Cloud Solution Limited IPO aggregate issue size is ₹69.84 Crores with an equity price band set at ₹200 to ₹204 per equity share. The retail lot size is 600 shares requiring a minimum capital outlay of approx. ₹1,22,400.

How can I check Workmates Core2Cloud Solution Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 141.45x (Retail: 111.64x, QIB: 147.03x, NII: 203.31x). You can track live multiples directly on our dedicated subscription page.

Where and when will Workmates Core2Cloud Solution Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2025-11-14. Investors can verify status using PAN card or application number.

When is the listing date for Workmates Core2Cloud Solution Limited IPO?

Workmates Core2Cloud Solution Limited shares are scheduled to list on BSE on 2025-11-18.