Kontor Space IPO Detail 2023
Introduction
The Kontor Space IPO will open on September 27 and close on September 29, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 15.62 crore through this public offering, consisting of 16.80 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 93 per share.
Kontor Space Limited (“the Company”)
Incorporated in 2018, Kontor Space Limited provides “space as a-service” by renting and managing commercial spaces. With their technological expertise, they aim to foster a culture of collaboration and productivity by offering flexibility, convenience, and astounding quality at a significantly competitive price to our clients, ranging from small-scale startups to large conglomerates.
Being the trademark owners of ‘Kontor’, they have established a significant brand image and positioning in the co-working industry, which has given them the opportunity to aggressively expand into newer markets by acquiring and managing more spaces in addition to our existing four in Thane, Pune, Fort, and BKC (Mumbai).
Business Model of the Company
Providing co-working spaces We provide “space as a-service” by renting and managing commercial spaces. The company purchases the property and/or takes properties on rent to sub-rent or 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.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 9.46 per Equity Share |
| Debt to Equity Ratio | 1.19 |
| ROE | 40.82% |
| ROCE | 31.19% |
| P/E (x) | 22.27 |
| Return on Net Worth (RoNW) | 40.82% |
Objects of the Issue,
- 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.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 464.67 | 75.31 | 44.87 |
| Total Assets | 1,295.31 | 580.82 | 535.84 |
| Reserve & Surplus | 64.67 | (124.69) | (155.13) |
| Total Borrowings | 552.79 | 210.32 | 203.75 |
| Total Revenue | 917.84 | 403.75 | 390.24 |
| Profit After Tax | 187.88 | 30.44 | (61.75) |
IPO details
As per the DRHP filed with SEBI, 16.80 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 86,400 shares of the offering. While Srujan Alpha Capital Advisors LLP will be the lead manager for the IPO, Cameo Corporate Services Limited will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 93 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,200 shares |
| Issue Size | 1,680,000 shares (aggregating up to ₹ 15.62 crores) |
| Fresh Issue | 1,680,000 shares (aggregating up to ₹ 15.62 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Rikhav Securities |
| Market maker portion | 86,400 shares |
Shareholding Pattern
| Shareholding pre-issue | 4,500,000 |
| Shareholding post issue | 6,180,000 |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net offer |
| Retail shares offered | 50% of the net offer |
GMP: Kontor Space IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Kontor Space IPO
The issue opens for subscription on September 27, 2023, and closes for subscription on September 29, 2023 (both days inclusive). The basis of allotment will be finalised on October 5, 2023, and the refunds will be initiated on October 6, 2023. In addition, the demat credits are expected to happen on October 9, 2023, and the stock will be listed on the NSE SME on October 10, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 27, 2023 |
| Closing Date | September 29, 2023 |
| Basis of Allotment | October 5, 2023 |
| Initiation of Refunds | October 6, 2023 |
| A credit of shares to Demat A/c | October 9, 2023 |
| Listing Date | October 10, 2023 |
Lot Size
The lot size of the Kontor Space IPO is 1,200 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,200 shares of ₹ 111,600.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,200 | ₹ 111,600 |
| Retail (Maximum) | 1 | 1,200 | ₹ 111,600 |
| HNI (Minimum) | 2 | 2,400 | ₹223,200 |
Promoters Holdings
Mr. Kanak Mangal and Mrs. Neha Mittal are the promoter of the company.
| Pre-issue Shares Holdings | 98.20% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | 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 |
| IPO Registrar | Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://ipo.cameoindia.com/ |
| IPO Lead Manager(s) | Srujan Alpha Capital Advisors LLP |
FAQs
What is Kontor Space’s IPO price?
The Kontor Space IPO price is ₹ 93 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Kontor Space IPO contains 1,200 shares of ₹ 111,600.
When will the Kontor Space IPO allotment be available?
The finalisation of the basis of allotment for the Kontor Space IPO will be done on October 5, 2023, and the allotted shares will be credited to your demat account by October 9, 2023. Check the Kontor Space IPO allotment status.
When will the Kontor Space IPO be listed on exchanges?
The Kontor Space IPO shares listing date is October 10, 2023.
