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Kontor Space IPO is a fixed price issue of ₹15.62 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹15.62 crore.
Kontor Space IPO bidding started from Sep 27, 2023 and ended on Oct 3, 2023. The allotment for Kontor Space IPO was finalized on Oct 5, 2023. The shares got listed on NSE SME on Oct 10, 2023.
Kontor Space IPO price is ₹93.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,11,600 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,23,200.
Srujan Alpha Capital Advisors LLP is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹93 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,80,000 shares (aggregating up to ₹15.62 Cr) |
| Reserved for Market Maker | 86,400 shares Rikhav Securities Ltd. (aggregating up to ₹0.8035 Cr) |
| Net Offered to Public | 15,93,600 shares (aggregating up to ₹14.82 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 45,00,000 shares |
| Share Holding Post Issue | 61,80,000 shares |
Kontor Space IPO offers total 16,80,000 shares. Out of which 7,96,800 (47.43%) allocated to NII, 7,96,800 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 86,400 (5.14%) |
| NII (HNI) Shares Offered | 7,96,800 (47.43%) |
| Retail Shares Offered | 7,96,800 (47.43%) |
| Total Shares Offered | 16,80,000 (100.00%) |
Kontor Space IPO opens on September 27, 2023, and closes on October 3, 2023.
| IPO Open Date | Wed, Sep 27, 2023 |
| IPO Close Date | Tue, Oct 3, 2023 |
| Tentative Allotment | Thu, Oct 5, 2023 |
| Initiation of Refunds | Fri, Oct 6, 2023 |
| Credit of Shares to Demat | Mon, Oct 9, 2023 |
| Tentative Listing Date | Tue, Oct 10, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 3, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,11,600 |
| Retail (Max) | 1 | 1,200 | ₹1,11,600 |
| HNI (Min) | 2 | 2,400 | ₹2,23,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 |
| Total Income | 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 ₹57.47 Cr.
| KPI | Values |
|---|---|
| ROE | 40.82% |
| ROCE | 31.19% |
| Debt/Equity | 1.19 |
| RoNW | 40.82% |
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...
| Listing Date | October 10, 2023 |
| BSE Script Code | |
| NSE Symbol | KONTOR |
| ISIN | INE0KZ301010 |
| Final Issue Price | ₹93 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹93.00 |
| Open | ₹122.00 |
| Low | ₹115.90 |
| High | ₹122.00 |
| Last Trade | ₹115.90 |
Kontor Space Ltd.
Office No. A1 & B1, 9th Floor,
Ashar IT Park Road No. 16 Z,
Wagle Industrial Estate,
Thane, Maharashtra, 400604
Phone: +91 022- 62790001
Email: info@kontorspace.in
Website: https://kontorspace.in/index.php
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Kontor Space IPO is a SME IPO of 16,80,000 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.
The IPO opens on September 27, 2023, and closes on October 3, 2023.
Cameo Corporate Services Ltd. 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, and the minimum amount required for application is ₹1,11,600.
You can apply in Kontor Space IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Kontor Space IPO listing date is on Tuesday, October 10, 2023.
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