Kontor Space IPO will open for subscription from 27 September 2023. The company aims for an issue size of ₹15.62 Cr through this IPO.
Company Overview
| Full name | Kontor Space Limited |
| Sector | Realty |
| Industry | Realty |
| Company Website | https://kontorspace.in/index.php |
About Company
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 centers respectively.
The Objectives 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.
IPO Timetable
| IPO Opening date | 27 September 2023 |
| IPO Closing | 29 September 2023 |
| Basis of Allotment | 05 October 2023 |
| Initiation Refund | 06 October 2023 |
| Credit to Demat Account | 09 October 2023 |
| Listing Date | 10 October 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹15.62 Cr – 1,680,000 shares |
| Fresh Issue | ₹15.62 Cr – 1,680,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹93 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 86,400 shares |
| Shareholding pre-issue | 4,500,000 |
| Shareholding post-issue | 6,180,000 |
| Listing Exchange | BSE & NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹111,600 |
| Retail (Max) | 1 | 1200 | ₹111,600 |
| HNI (Min) | 2 | 2,400 | ₹223,200 |
Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| 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 |
Key Performance Indicators
| KPI | Values |
|---|---|
| P/E (x) | 22.27 |
| ROE | 40.82% |
| ROCE | 31.19% |
| Debt/Equity | 1.19 |
| EPS (Rs) | 9.46 |
| RoNW | 40.82% |
Company Promoters
- Mr. Kanak Mangal
- Mrs. Neha Mittal
Promoter Holding
| Pre Issue Share Holding | 98.20% |
| Post Issue Share Holding |
Lead Manager(s)
- Srujan Alpha Capital Advisors Llp
IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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
Allotment Status
Coming soon
Final thoughts
Kontor Space IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
