Workmates Core2Cloud SME IPO Subscription Status
Workmates Core2Cloud SME IPO closed on 13 November 2025 with an overall subscription of 141.38x based on shares applied. QIB demand came in at 147.03x, NII at 203.31x, and retail at 111.64x.
Allotment will be finalised on 14 November 2025. The stock is scheduled to list on NSE and BSE on 18 November 2025.
Issue Price
Rs 204.00
GMP Today
Rs 88.00 (+43.14%)
Overall Subscription
141.38x
Issue Size
₹69.84 Cr
Allotment Date
14 Nov 2025
Listing Date
18 Nov 2025
Workmates Core2Cloud SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 204.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 13.51 Cr | Rs 1,986.82 Cr | 147.03x |
| FII | - | Rs 545.55 Cr | - |
| DFI | - | Rs 108.92 Cr | - |
| Mutual Funds | - | Rs 4.80 Cr | - |
| Other | - | Rs 1,327.55 Cr | - |
| NII | Rs 9.99 Cr | Rs 2,030.64 Cr | 203.31x |
| bNII (above Rs 10L) | Rs 6.66 Cr | Rs 1,634.08 Cr | 245.41x |
| Corporate | - | Rs 44.02 Cr | - |
| Individual | - | Rs 1,558.19 Cr | - |
| Other | - | Rs 31.87 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 3.33 Cr | Rs 396.56 Cr | 119.11x |
| Corporate | - | Rs 4.32 Cr | - |
| Individual | - | Rs 388.15 Cr | - |
| Other | - | Rs 4.09 Cr | - |
| IND | Rs 23.26 Cr | Rs 2,596.40 Cr | 111.64x |
| Fixed price | - | Rs 2,596.40 Cr | - |
| Total | Rs 46.76 Cr | Rs 6,613.86 Cr | 141.45x |
Workmates Core2Cloud SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,104 | 129 | 0.12x |
| FII | - | 39 | - |
| DFI | - | 4 | - |
| Mutual Funds | - | 2 | - |
| Other | - | 84 | - |
| NII | 272 | 23,284 | 85.60x |
| bNII (above Rs 10L) | 181 | 13,582 | 75.04x |
| Corporate | - | 238 | - |
| Individual | - | 13,166 | - |
| Other | - | 178 | - |
| sNII (Rs 2L to Rs 10L) | 91 | 9,702 | 106.62x |
| Corporate | - | 112 | - |
| Individual | - | 9,492 | - |
| Other | - | 98 | - |
| IND | 950 | 1,06,062 | 111.64x |
| Fixed price | - | 1,06,062 | - |
| Total | 2,326 | 1,29,475 | 55.66x |
What Do These Subscription Numbers Mean?
A subscription of 141.38x by shares means the IPO received bids for 141 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 147.03x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 147.03x, it reflects serious institutional conviction.
NII at 85.60x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 75.04x and sNII at 106.62x by applications. Share subscription was 203.31x. Allotment uses application count, not share volume.
At 111.64x subscription by applications, approximately 1 in 112 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
Workmates Core2Cloud SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 111.64x.
- •Allotment odds: about 1 in 112 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 106.62x.
- •Allotment odds: about 1 in 107 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 119.11x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 75.04x.
- •Allotment odds: about 1 in 75 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 245.41x. Allotment uses application count, not share volume.
Check the Workmates Core2Cloud SME IPO Allotment Status page from 14 November 2025 for your allotment result.
Workmates Core2Cloud SME IPO GMP After Subscription
GMP for Workmates Core2Cloud SME stands at Rs 88.00 today, giving an estimated listing price of Rs 292.00 per share.
A subscription of 141.38x combined with a GMP of 43.14% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Workmates Core2Cloud SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Workmates Core2Cloud SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 11 Nov 2025 | 0.00x | 3.63x | 1.72x | 1.63x |
| Day 2 - 12 Nov 2025 | 1.48x | 13.58x | 10.19x | 8.40x |
| Day 3 - 13 Nov 2025 | 147.03x | 202.96x | 111.64x | 141.38x |
Workmates Core2Cloud SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 11 November 2025 |
| IPO Close Date | 13 November 2025 |
| Allotment Date | 14 November 2025 |
| Refund Initiation | 15 November 2025 |
| Share Credit to Demat | 15 November 2025 |
| Listing Date | 18 November 2025 |
| Minimum Investment | Rs 2,44,800.00 |
| Lot Size | 600 shares |
About Workmates Core2Cloud SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Workmates Core2Cloud SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Workmates Core2Cloud SME IPO Allotment Status
Check allotment result on allotment date
Workmates Core2Cloud SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Workmates Core2Cloud SME IPO Subscription FAQs
What is Workmates Core2Cloud SME IPO subscription status today?
Workmates Core2Cloud SME IPO subscription closed on 13 November 2025 with overall subscription of 141.38x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 147.03x, NII 85.60x, IND 111.64x.
What is the overall subscription of Workmates Core2Cloud SME IPO?
Workmates Core2Cloud SME IPO is subscribed 141.38x overall by shares at close on 13 November 2025. QIB 147.03x, NII 85.60x, and IND 111.64x.
What is Workmates Core2Cloud SME IPO QIB subscription?
Workmates Core2Cloud SME IPO QIB (Qualified Institutional Buyers) subscription is 147.03x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Workmates Core2Cloud SME IPO IND subscription?
Workmates Core2Cloud SME IPO IND subscription is 111.64x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Workmates Core2Cloud SME IPO NII subscription?
Workmates Core2Cloud SME IPO NII (Non-Institutional Investors) subscription is 85.60x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Workmates Core2Cloud SME IPO for retail?
At 111.64x subscription by applications, approximately 1 in 112 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Workmates Core2Cloud SME IPO allotment date?
Workmates Core2Cloud SME IPO allotment date is 14 November 2025. Check Workmates Core2Cloud SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Workmates Core2Cloud SME IPO subscription close?
Workmates Core2Cloud SME IPO subscription closed on 13 November 2025. No new applications are accepted after the close.
What is Workmates Core2Cloud SME IPO GMP today?
Workmates Core2Cloud SME IPO GMP is ₹88 today (+43.14% over issue price ₹204). See live GMP on the Workmates Core2Cloud SME IPO GMP Today page.
What is Workmates Core2Cloud SME IPO issue price and lot size?
Workmates Core2Cloud SME IPO issue price is ₹204 per share. Lot size is 600 shares. Minimum investment is ₹2,44,800 per lot (minimum 2 lots for SME). Issue size: ₹69.84 Cr.
When is Workmates Core2Cloud SME IPO listing date?
Workmates Core2Cloud SME IPO listing date is 18 November 2025 on NSE and BSE. Allotment is on 14 November 2025.
How does subscription affect Workmates Core2Cloud SME IPO allotment?
Allotment odds in Workmates Core2Cloud SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 85.60x by applications means roughly 1 in 86 for minimum-lot bids; bNII at 75.04x (~1 in 75). At 141.38x overall, competition is very high.
For allotment results from 14 November 2025, visit the Workmates Core2Cloud SME IPO Allotment Status page. For listing day updates on 18 November 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.