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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. The shares got listed on NSE SME on 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.
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | October 10, 2023 |
| 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 offers 1,680,000 shares. 796,800 (47.43%) to NII, 796,800 (47.43%) to RII.
| 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 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 |
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 | |||
Mr. Kanak Mangal and Mrs. Neha Mittal are the company's promoters.
| Share Holding Pre Issue | 98.20% |
| Share Holding Post Issue |
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.
| 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 |
The market capitalization of Kontor Space IPO is Rs 57.47 Cr.
| KPI | Values |
|---|---|
| ROE | 40.82% |
| ROCE | 31.19% |
| Debt/Equity | 1.19 |
| RoNW | 40.82% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.46 | |
| P/E (x) | 22.27 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[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...
The Kontor Space IPO is subscribed 70.97 times on October 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)
| Listing Date | October 10, 2023 |
| BSE Script Code | |
| NSE Symbol | KONTOR |
| ISIN | INE0KZ301010 |
| Final Issue Price | ₹93 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹93.00 |
| ₹122.00 |
| ₹115.90 |
| ₹122.00 |
| ₹115.90 |
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
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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Kontor Space IPO is a SME IPO of 1,680,000 equity shares of the face value of ₹10 aggregating up to ₹15.62 Crores. The issue is priced at ₹93 per share. The minimum order quantity is 1200 Shares.
The IPO opens on September 27, 2023, and closes on October 3, 2023.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kontor Space IPO using UPI as a payment gateway. Zerodha customers can apply in Kontor Space IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kontor Space IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kontor Space IPO opens on September 27, 2023 and closes on October 3, 2023.
Kontor Space IPO lot size is 1200 Shares, and the minimum amount required is ₹111,600.
You can apply in Kontor Space IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Kontor Space IPO will be done on Thursday, October 5, 2023, and the allotted shares will be credited to your demat account by Monday, October 9, 2023. Check the Kontor Space IPO allotment status.
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