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Kontor Space IPO Detail 2023

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 Ratio1.19
ROE40.82%
ROCE31.19%
P/E (x)22.27
Return on Net Worth (RoNW)40.82%

Objects of the Issue,

  1. To make the payment of Rental Deposits of new co-working centers.
  2. To carry out the Capital Expenditure for fit-outs of new co-working centers.
  3. General Corporate Purpose.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth464.6775.3144.87
Total Assets1,295.31580.82535.84
Reserve & Surplus64.67(124.69)(155.13)
Total Borrowings552.79210.32203.75
Total Revenue917.84403.75390.24
Profit After Tax187.8830.44(61.75)
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 93 per share
Face Value₹ 10 per share
Market Lot1,200 shares
Issue Size1,680,000 shares (aggregating up to ₹ 15.62 crores)
Fresh Issue1,680,000 shares (aggregating up to ₹ 15.62 crores)
Listing AtNSE SME

Market Maker detail

Market makerRikhav Securities
Market maker portion86,400 shares

Shareholding Pattern

Shareholding pre-issue4,500,000
Shareholding post issue6,180,000

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50% of the net offer
Retail shares offered50% 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 DateSeptember 27, 2023
Closing DateSeptember 29, 2023
Basis of AllotmentOctober 5, 2023
Initiation of RefundsOctober 6, 2023
A credit of shares to Demat A/cOctober 9, 2023
Listing DateOctober 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.

ApplicationsLotsSharesAmount
Retail (Minimum)11,200₹ 111,600
Retail (Maximum)11,200₹ 111,600
HNI (Minimum)22,400₹223,200

Promoters Holdings 

Mr. Kanak Mangal and Mrs. Neha Mittal are the promoter of the company.

Pre-issue Shares Holdings98.20%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationKontor 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: [email protected]
Website: https://kontorspace.in/index.php
IPO RegistrarCameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
IPO Lead Manager(s)Srujan Alpha Capital Advisors LLP

FAQs

The Kontor Space IPO price is ₹ 93 per share.

The minimum investment size is one lot for retail investors. One lot of the Kontor Space IPO contains 1,200 shares of ₹ 111,600.

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.

The Kontor Space IPO shares listing date is October 10, 2023.

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