The Kontor Space Limited IPO is a fixed-price offering, raising a total of Rs 15.62 crores through the issuance of 16.8 lakh fresh shares.
The IPO bidding for Kontor Space commenced on September 27, 2023, and concluded on October 3, 2023. The allotment of shares for this IPO is expected to be finalized on Thursday, October 5, 2023. Kontor Space IPO is scheduled to be listed on the NSE SME platform with a tentative listing date set for Tuesday, October 10, 2023.
Investors had the opportunity to participate in the Kontor Space IPO at a fixed price of ₹93 per share. The minimum lot size for an application was set at 1,200 shares, requiring a minimum investment of ₹111,600 for retail investors.
High Net Worth Individuals (HNI) were required to invest in a minimum of 2 lots, equivalent to 2,400 shares, amounting to ₹223,200.
Srujan Alpha Capital Advisors Llp acted as the book running lead manager for the Kontor Space IPO, while Cameo Corporate Services Limited served as the registrar for the issue. The market maker for the Kontor Space IPO was Rikhav Securities.
For more comprehensive information about this IPO, please refer to the Kontor Space IPO RHP (Red Herring Prospectus).
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 |
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% |
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 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 Prospectus #
- › Kontor Space IPO DRHP
- › Kontor Space IPO RHP
Kontor Space IPO Contact Details #
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/
Kontor Space IPO Lead Manager(s) #
Srujan Alpha Capital Advisors Llp (Past IPO Performance)
FAQs
- What is the total value of the Kontor Space IPO, and what type of issue is it?
- The Kontor Space IPO has a total value of Rs 15.62 crores, and it is a fixed-price offering consisting entirely of a fresh issue of 16.8 lakh shares.
- When did the subscription period for the Kontor Space IPO start and end?
- The subscription period for the Kontor Space IPO began on September 27, 2023, and concluded on October 3, 2023.
- When is the expected listing date for Kontor Space shares, and on which exchange will they be listed?
- Kontor Space shares are tentatively scheduled to be listed on the NSE SME platform on Tuesday, October 10, 2023.
- What was the fixed price for Kontor Space IPO shares, and what was the minimum lot size for retail investors?
- The fixed price for Kontor Space IPO shares was ₹93 per share, and the minimum lot size for retail investors was 1,200 shares, requiring a minimum investment of ₹111,600.
- Who served as the book running lead manager for the Kontor Space IPO, and who was the registrar for the issue?
- Srujan Alpha Capital Advisors Llp acted as the book running lead manager, and Cameo Corporate Services Limited served as the registrar for the Kontor Space IPO. Rikhav Securities was the market maker.
- What is the subscription status of the Kontor Space IPO as of October 3, 2023?
- As of October 3, 2023, the Kontor Space IPO is subscribed 70.97 times, with strong demand from retail investors (95.49 times), non-institutional investors (41.87 times), and others (41.87 times).
- Who are the promoters of Kontor Space Limited?
- The promoters of Kontor Space Limited are Mr. Kanak Mangal and Mrs. Neha Mittal.
- What are the primary services provided by Kontor Space Limited?
- Kontor Space Limited provides space-as-a-service by renting and managing commercial spaces, offering co-working solutions with customized amenities.
- What are the financial indicators of Kontor Space Limited based on the latest available data?
- As of the latest available data, Kontor Space Limited had a market cap of Rs 57.47 crores, a P/E ratio of 22.27, an ROE of 40.82%, and an ROCE of 31.19%.
- How does Kontor Space Limited plan to use the net proceeds from the IPO?
Kontor Space Limited intends to utilize the net proceeds from the IPO to make payment for rental deposits of new co-working centers, carry out capital expenditure for fit-outs of new co-working centers, and for general corporate purposes.
