Kontor Space IPO Date, Price, Subscription, Allotment, Listing Details
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Kontor Space Limited, Incorporated in 2018, offers space-as-a-service, specializing in the rental and management of commercial spaces.
The company acquires or leases properties, which are then sub-rented or sub-leased to single or multiple clients based on their workspace requirements. These spaces can be customized with furnishings and fit-outs according to the client’s needs, offering a flexible per-seat arrangement. Kontor Space also invests in property renovations and modernization, including furniture, work desks, open work areas, cabins, meeting rooms, conference rooms, and other amenities.
Kontor Space currently operates co-working spaces in four locations: one in Thane West, Maharashtra; one in Pune, Maharashtra; and two in Mumbai (Fort and BKC), Maharashtra. These strategically chosen areas benefit from excellent transportation connectivity via roads, railways, and airports, minimizing commuting expenses and providing easy access for working professionals. The company’s total seating capacity across its centers is approximately 730 seats in Thane, 300 seats in Pune, 60 seats in Fort, and 120 seats in BKC.
Objects of the Issue (Kontor Space IPO Objectives)
The company plans to allocate the net proceeds from the issue for the following purposes:
- Payment of Rental Deposits for New Co-working Centers: To cover rental deposits for upcoming co-working facilities.
- Capital Expenditure for Fit-outs of New Co-working Centers: Funds will be utilized to invest in the interior fittings and customization of new co-working spaces.
- General Corporate Purposes: To address various general corporate needs and requirements.
Kontor Space IPO Details
The Kontor Space IPO is a fixed-price offering valued at ₹15.62 crores. This IPO exclusively comprises 1.68 million newly issued shares.
IPO Date | September 27, 2023 to September 29, 2023 |
Listing Date | October 10, 2023 |
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 |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Kontor Space IPO Reservation
Other Shares Offered | 50% of the net offer |
Retail Shares Offered | 50% of the net offer |
Kontor Space IPO Lot Size
Investors can bid in multiples of 1200 shares, with the table below showing the minimum and maximum investments allowed for retail investors and HNIs in terms of both 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 |
Kontor Space IPO Dates
Kontor Space IPO opens on September 27, 2023, and closes on September 29, 2023.
IPO Open Date | Wednesday, September 27, 2023 |
IPO Close Date | Friday, September 29, 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 September 29, 2023 |
Kontor Space Limited Financial Report
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 of Kontor Space Ltd
KPI | Values |
---|---|
P/E (x) | 22.27 |
ROE | 40.82% |
ROCE | 31.19% |
Debt/Equity | 1.19 |
EPS (Rs) | 9.46 |
RoNW | 40.82% |
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 | – |
Kontor Space IPO 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
Kontor Space IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Kontor Space IPO FAQs
What is Kontor Space IPO?
Kontor Space IPO is a SME IPO consisting of 1,680,000 equity shares with a face value of ₹10 each, aggregating up to ₹15.62 Crores. The IPO is priced at ₹93 per share, with a minimum order quantity of 1200 Shares. The IPO subscription period is from September 27, 2023, to September 29, 2023.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are intended to be listed on NSE SME.
How to apply for Kontor Space IPO through Zerodha?
Zerodha customers can apply for Kontor Space IPO online using UPI as a payment gateway. To do so, they need to log in to Zerodha Console (back office) and submit an IPO application form. Here are the steps:
1. Visit the Zerodha website and log in to Console.
2. Go to Portfolio and click on the IPOs link.
3. Find the ‘Kontor Space IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does the Kontor Space IPO open and close?
The Kontor Space IPO opens on September 27, 2023, and closes on September 29, 2023.
What is the lot size for Kontor Space IPO?
The lot size for Kontor Space IPO is 1200 Shares, requiring a minimum investment of ₹111,600.
How can I apply for Kontor Space IPO?
You can apply for Kontor Space IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available through your bank’s net banking services, while UPI IPO application is offered by brokers who don’t provide banking services.
When will Kontor Space IPO allotment take place?
The Basis of Allotment for Kontor Space IPO will be finalized on Thursday, October 5, 2023. The allotted shares will be credited to your demat account by Monday, October 9, 2023. You can check the Kontor Space IPO allotment status.
What is the expected listing date for Kontor Space IPO?
The listing date for Kontor Space IPO has not been announced yet. The tentative listing date is Tuesday, October 10, 2023.