Fixed Price IPO | ₹16 Cr | Listed at NSE SME | Wed, Sep 27, 2023 - Tue, Oct 3, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 27, 2023
IPO Close
Tue, Oct 3, 2023
Issue Price
₹93 per share
Market Cap (Pre-IPO)
₹57.47 Cr
| IPO Date | 27 Sep to 3 Oct, 2023 |
| Listed on | Tue, Oct 10, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹93 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 16,80,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 86,400 shares Rikhav Securities Ltd. (agg. up to ₹0.8035 Cr) |
| Fresh Issue (Ex Market Maker) | 15,93,600 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 15,93,600 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 45,00,000 shares |
| Share Holding Post Issue | 61,80,000 shares |
| NSE Symbol | KONTOR |
| ISIN | INE0KZ301010 |
Kontor Space IPO comprises a total issue size of 16,80,000 shares. The net offer to the public is 15,93,600 shares, after excluding 86,400 shares allotted on a firm basis. Of the Net offer 7,96,800 (50.00%) allocated to NII 7,96,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,96,800 | 50.00% | 47.43% |
| Retail Shares Offered | 7,96,800 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 86,400 | 5.14% | |
| Total Shares Offered | 16,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 12.95 | 5.81 | 5.36 |
| Total Income | 9.18 | 4.04 | 3.90 |
| Profit After Tax | 1.88 | 0.30 | -0.62 |
| NET Worth | 4.65 | 0.75 | 0.45 |
| Reserves and Surplus | 0.65 | -1.25 | -1.55 |
| Total Borrowing | 5.53 | 2.10 | 2.04 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To make the payment of Rental Deposits of new co-working centers | 2.39 |
| 2 | To carry out the Capital Expenditure for fit outs of new co-working centers | 9.67 |
| 3 | General Corporate Purpose | 2.97 |
| KPI | |
|---|---|
| ROE | 40.82% |
| ROCE | 31.19% |
| Debt/Equity | 1.19 |
| RoNW | 40.82% |
| PAT Margin | 20.68% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.46 | |
| P/E (x) | 22.27 | |
| Promoter Holding | 98.20% | |
| Market Cap | ₹57.47 Cr. |
The Kontor Space IPO is subscribed 70.97 times on October 3, 2023 7:30:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 41.87 | 7,96,800 | 3,33,62,400 |
| Retail | 95.49 | 7,96,800 | 7,60,89,600 |
| Total | 70.97 | 15,93,600 | 11,30,92,800 |
Total Application : 63,408
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including underwriting commission and Legal Advisor | 0.38 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Secretarial and peer review auditors | 0.01 |
| 5 | Regulators Including Stock Exchanges and Depository | 0.05 |
| 6 | Advertising and Marketing Expenses | 0.10 |
| 7 | Printing and distribution of Issue Stationary | 0.01 |
| 8 | Others, if any (market making, and Miscellaneous etc.) | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹93.00 |
| Open | ₹122.00 |
| Low | ₹115.90 |
| High | ₹122.00 |
| Last Trade | ₹115.90 |
Lead Manager Reports
Kontor Space IPO is a SME IPO of 16,80,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹93 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Sep 27, 2023, and closes on Tue, Oct 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 Wed, Sep 27, 2023 and closes on Tue, Oct 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 Mon, Oct 9, 2023. Check the Kontor Space IPO allotment status.
The Kontor Space IPO listing date is on Tue, Oct 10, 2023.
