Workmates Core2Cloud Solutions Limited is gearing up for an exciting debut on the BSE SME platform that investors are eagerly watching. The company’s initial public offering (IPO), which recently closed its subscription window, has generated a lot of buzz, both for its strong grey market premium (GMP) and the positive investor sentiment surrounding its cloud services business. Here’s a detailed look at what this IPO means and why the debut is expected to be robust.

### IPO Overview
Workmates Core2Cloud launched a Rs 69.84 crore IPO priced in the band of Rs 200 to Rs 204 per share. The subscription period ran from November 11 to November 13, 2025. The allotment was set to be finalized by November 14, with refunds initiated by November 17.

The company has positioned itself as a rapidly growing cloud services provider, notable for being a Premier Tier AWS Consulting Partner—a status that underscores its capabilities and reputation in the burgeoning cloud technology space.

### Grey Market Premium Hints at Robust Debut
One of the standout indicators for the IPO’s strong market reception has been the grey market premium. Reports indicate that the GMP for Workmates Core2Cloud was hovering around Rs 25 above the upper price band. This represents an approximate 12.25% premium over the IPO price, signaling significant investor demand well before the official listing.

A premium of this magnitude generally suggests that the stock will open substantially higher on its debut, offering early gains to investors who successfully secured allotment.

### Market Reaction and Investor Interest
The IPO attracted widespread attention, particularly from retail investors and high net-worth individuals (HNIs). The subscription numbers were impressive, reportedly oversubscribing by a large margin, which points to strong confidence in the company’s growth prospects.

Workmates Core2Cloud has shown solid financial growth in recent years, with revenue from operations increasing significantly. This track record has likely contributed to investor enthusiasm, alongside the broader trend of digital transformation and cloud adoption accelerating in India.

### What Makes Workmates Core2Cloud Stand Out?
Founded in 2018, Workmates Core2Cloud has quickly scaled its operations to meet growing demand for cloud solutions, digital transformation, and AWS managed services. Its Premier Tier AWS Partner status is particularly notable as it represents the highest level within the AWS partner network, reflecting expertise, a solid client base, and proven delivery capabilities.

Given the rising interest in cloud technologies post-pandemic, the company is well positioned to capitalize on this shift. The IPO proceeds are expected to fuel expansion, technology upgrades, and possibly, further product innovation.

### What Should Investors Keep in Mind?
While the early signs are promising, potential investors should remember that SME platform listings can be volatile and are suitable for those with a higher risk tolerance. The premium on the grey market is a positive sign but not a guaranteed indicator of future performance.

Assessing the company’s fundamentals, growth trajectory, and the sector’s long-term outlook is key. Cloud services remain a dynamic, high-growth field, but competition and execution risks are inherent to tech-driven businesses.

### Final Thoughts
Workmates Core2Cloud’s IPO has already made waves with robust demand and a commanding grey market premium. If the trend continues, the company could enjoy a strong market debut, offering investors potential upside from day one. This marks an exciting moment for investors looking to tap into India’s expanding cloud technology landscape.

As always, prospective participants should carefully consider their investment goals and risk appetite before diving into newly listed stocks, especially those on the SME exchange.

Stay tuned for updates on the IPO listing day, and how Workmates Core2Cloud performs on its first day of trading!