Kontor Space IPO is a fixed price issue of Rs 15.62 crores. The issue is entirely a fresh issue of 16.8 lakh shares.
Kontor Space IPO bidding started from September 27, 2023 and ended on October 3, 2023. The allotment for Kontor Space IPO was finalized on Thursday, October 5, 2023. Kontor Space IPO will list on NSE SME with tentative listing date fixed as Tuesday, October 10, 2023.
Kontor Space IPO price is ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200.
Srujan Alpha Capital Advisors Llp is the book running lead manager of the Kontor Space IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Kontor Space IPO is Rikhav Securities.
Refer to Kontor Space IPO RHP for detailed information.
Kontor Space IPO Details
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹93 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,680,000 shares (aggregating up to ₹15.62 Cr) |
| Fresh Issue | 1,680,000 shares (aggregating up to ₹15.62 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,500,000 |
| Share holding post issue | 6,180,000 |
| Market Maker portion | 86,400 shares Rikhav Securities |
Kontor Space IPO Reservation
Kontor Space IPO a total of 1,680,000 shares are offered. NII: 796,800 (47.43%), RII: 796,800 (47.43%).
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 86,400 (5.14%) |
| Other Shares Offered | 796,800 (47.43%) |
| Retail Shares Offered | 796,800 (47.43%) |
| Total Shares Offered | 1,680,000 (100%) |
Kontor Space IPO Timeline (Tentative Schedule)
Kontor Space IPO opens on September 27, 2023, and closes on October 3, 2023.
| IPO Open Date | Wednesday, September 27, 2023 |
| IPO Close Date | Tuesday, October 3, 2023 |
| Basis of Allotment | Thursday, October 5, 2023 |
| Initiation of Refunds | Friday, October 6, 2023 |
| Credit of Shares to Demat | Monday, October 9, 2023 |
| Listing Date | Tuesday, October 10, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2023 |
Kontor Space IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹111,600 |
| Retail (Max) | 1 | 1200 | ₹111,600 |
| HNI (Min) | 2 | 2,400 | ₹223,200 |
| Lot Size Calculator |
Kontor Space IPO Promoter Holding
Mr. Kanak Mangal and Mrs. Neha Mittal are the company’s promoters.
| Share Holding Pre Issue | 98.20% |
| Share Holding Post Issue |
About Kontor Space Limited
Incorporated in 2018, Kontor Space Limited provides space-as-a-service by renting and managing commercial spaces.
The company purchases the property and/or takes properties on rent, to sub-rent/sub-lease the same to single or multiple clients for their workspace requirements with or without furnishing the same as per their needs on a per-seat basis. The company further, invest in fit-outs to customize the property to suit the business model and renovate, and modernize the properties according to the working needs in terms of business requirements such as furniture, work-desks, open work area, cabins, meeting rooms, conference rooms, and other facilities.
The company operates its co-working space from 4 locations; one located in Thane West, Maharashtra; one located in Pune, Maharashtra and two in Mumbai (Fort$, and BKC), Maharashtra.
These areas are well-connected with roads, rail, and air, which reduces transportation costs and facilitates easy conveyance for the working professional consumption regions. The strategic establishment of these locations helps the company cater to the enormous domestic and international clientele. Kontor Space’s optimum capacity is ~730 seats, ~300 seats, ~60 seats, and ~120 seats from its Thane, Pune, Fort$, and BKC centres respectively.
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 535.84 | 580.82 | 1,295.31 |
| Revenue | 390.24 | 403.75 | 917.84 |
| Profit After Tax | -61.75 | 30.44 | 187.88 |
| Net Worth | 44.87 | 75.31 | 464.67 |
| Reserves and Surplus | -155.13 | -124.69 | 64.67 |
| Total Borrowing | 203.75 | 210.32 | 552.79 |
Amount in ₹ Lakhs
Key Performance Indicator
Kontor Space IPO Market Cap is Rs 57.47 Cr and P/E (x) is 22.27.
| KPI | Values |
|---|---|
| P/E (x) | 22.27 |
| Market Cap (₹ Cr.) | 57.47 |
| ROE | 40.82% |
| ROCE | 31.19% |
| Debt/Equity | 1.19 |
| EPS (Rs) | 9.46 |
| RoNW | 40.82% |
Check Kontor Space IPO Peer Comparison here.
Objects of the Issue (Kontor Space IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To make the payment of Rental Deposits of new co-working centers.
- To carry out the Capital Expenditure for fit-outs of new co-working centers.
- General Corporate Purpose.
Kontor Space IPO Review (Apply)
[Dilip Davda] KSL is in a novel business of “space-as-a-service” and is happy to be a co-worker. It has posted growth in its top lines for the reported periods. FY23 performance hints at the prospects ahead and the management is confident in grabbing the opportunity with the proposed expansion. Investors may park funds for medium to long-term rewards. Read detail review…
Kontor Space IPO Subscription Status (Bidding Detail)
The Kontor Space IPO is subscribed 70.97 times on Oct 3, 2023 7:30:00 PM. The public issue subscribed 95.49 times in the retail category, times in the QIB category, and 41.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 41.87 |
| Retail | 95.49 |
| Total | 70.97 |
Total Application : 63,408 (95.49 times)
Kontor Space IPO Contact Details
Kontor Space Limited
Office No. A1 & B1, 9th Floor,
Ashar IT Park Road No. 16 Z,
Wagle Industrial Estate, Thane West – 400604
Phone: +91 022- 62790001
Email: info@kontorspace.in
Website: https://kontorspace.in/index.php
Kontor Space IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/