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Workmates Core2Cloud Solution IPO is a Book Building listing on BSE SME exchange, with an ipo size of ₹ [●] Cr. The company is based in Kolkata and caters to Information Technology sector. Horizon Management is the merchant banker of Workmates Core2Cloud Solution IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th May 2025.
Workmates Core2Cloud Solution IPO posted revenues of ₹ 95.41 crores and PAT of ₹ 19.79 crores in FY25 on annualised basis.
Revenue:
₹ 95.42 Cr.
EBITDA Margin:
20.74
% 
Net Worth: ₹ 18.41 Cr.
Market Capitalisation:
[●]
P/E:
[●]
P/BV: [●]
EV/EBITDA: [●]
Financial results of Workmates Core2Cloud Solution IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | Nov-24 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 52.38 | 24.57 | 11.14 | 4.75 | |
| Net Worth | 18.41 | 8.96 | 3.61 | 1.75 | |
| Total Debt | 8.88 | [●] | [●] | [●] | |
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
63.61
95.42 |
53.22 | 28.95 | 12.80 | |
EBITDA
EBITDA on annualised basis |
13.19
19.79 |
7.69 | 2.70 | 1.75 | |
PAT
PAT on annualised basis |
9.45
14.18 |
5.35 | 1.86 | 1.25 | |
Workmates Core2Cloud Solution IPO PAT Margin is 14.86 % , ROCE (Return on Capital Employed) is 72.78 % as per latest financial. The below table shows Workmates Core2Cloud Solution IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | Nov-24 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| EBITDA Margin (%) | 20.74 | 14.45 | 9.33 | 13.67 |
| PAT Margin (%) | 14.86 | 10.05 | 6.42 | 9.77 |
| EPS (₹) | 9.45 | 5.34 | 1.86 | 1.25 |
| ROE (%) | 51.33 | 59.71 | 51.52 | 71.43 |
| ROCE (%) | 72.78 | 122.44 | 100.85 | 155.17 |
| ROA (%) | 18.04 | 21.77 | 16.70 | 26.32 |
| Debt to Equity | 0.48 | [●] | [●] | [●] |
The market Capitalisation of Workmates Core2Cloud Solution IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Workmates Core2Cloud Solution IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Workmates Core2Cloud Solution IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Workmates Core2Cloud Solution IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Workmates Core2Cloud Solution IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Workmates Core2Cloud Solution IPO reported revenue of ₹ 95.41 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Workmates Core2Cloud Solution IPO provide insights into sales growth, market demand, and business scalability.
Workmates Core2Cloud Solution recorded an EBITDA of ₹ 19.79 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Workmates Core2Cloud Solution Profit After Tax (PAT) is ₹ 14.18 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 95.42 Cr.
EBITDA Margin:
20.74
%
Net Worth: ₹ 18.41 Cr.
Market Capitalisation:
[●]
P/E:
[●]
P/BV: [●]
EV/EBITDA: [●]
Workmates Core2Cloud Solution operates in Information Technology and Cloud And Digital Transformation Company. The Issue is listed on BSE SME in Jun, 2025. Workmates Core2Cloud Solution IPO size was with Issue price of .
Merchant Banker(s) of Workmates Core2Cloud Solution IPO: Horizon Management Private Limited
Workmates Core2Cloud Solution IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Workmates Core2Cloud Solution IPO listed at a listing price of against the offer price of .
The current market price of Workmates Core2Cloud Solution is .
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