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.
Kontor Space IPO – Details
| IPO Opening Date | 27 September 2023 |
| IPO Closing Date | 03 October 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 16,80,000 Shares Worth ₹15.62 Crore Fresh Issue: 16,80,000 Shares Worth ₹15.62 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹93 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Kontor Space IPO – Date Schedule
| IPO Open Date | 27 September 2023 |
| IPO Close Date | 03 October 2023 |
| Basis of Allotment | 06 October 2023 |
| Initiation of Refund | 09 October 2023 |
| Credit of Shares to Demat Account | 10 October 2023 |
| IPO Listing Date | 11 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 03, 2023 |
Kontor Space IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,11,600 |
| Retail (Maximum) | 1 | 1200 | 1,11,600 |
| HNI (Minimum) | 2 | 2400 | 2,23,200 |
Competitive Strengths
- Brand Image.
- Asset-light model.
- Economical pricing.
- Contract flexibility.
- Smart workspaces.
- Convenience of enquiry/booking.
- Allied business services collaborations.
- Favorable clients’ composition.
- Roll out capabilities.
- Strategic location.
- Experienced management.
- Proven track record of robust financial performance.
Company Promoters
- Mr. Kanak Mangal
- Mrs. Neha Mittal
Object Of The Issue
- To make the payment of Rental Deposits for new co-working centres.
- To carry out the Capital Expenditure for fit outs of new co-working centres.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 3.90 | 4.28 | -0.62 | 2.04 |
| 31 March 2022 | 4.04 | 3.59 | 0.30 | 2.10 |
| 31 March 2023 | 9.18 | 6.54 | 1.88 | 5.53 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 22.27 |
| Market Cap | 57.47 Crore |
| ROE | 40.82 |
| ROCE | 31.19 |
| Debt/Equity | 1.19 |
| EPS (Rs) | 9.46 |
| RoNW | 40.82 |
Kontor Space IPO Promoter Holding
| Pre Issue Share Holding | 98.20% |
| Post Issue Share Holding | – |
Kontor Space IPO Prospectus
- Kontor Space IPO DRHP
- Kontor Space IPO RHP
Company Contact Information
| 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 Lead Manager(s)
| 1. Srujan Alpha Capital Advisors Llp |
Kontor Space IPO FAQs
| What is Kontor Space IPO? Kontor Space IPO is a SME IPO. The issue is priced at ₹93 per equity share. The IPO is to be listed on NSE SME. |
| When Kontor Space IPO will open? The IPO is to open on 27 September 2023 for Other – 50% and Retail – 50% Investors. |
| How to Kontor Space IPO? You can apply Kontor Space IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Kontor Space IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Kontor Space”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Kontor Space IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Kontor Space”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Kontor Space IPO Size? Kontor Space IPO size is ₹15.62 crores. |
| What is Kontor Space IPO Price Band? Kontor Space IPO Price Band is ₹93. |
| What is Kontor Space IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,11,600 amount while the maximum bid is 1200 shares with ₹1,11,600 . |
| What is the Kontor Space IPO Allotment Date? Kontor Space IPO allotment date is 06 October 2023. |
| What is the Kontor Space IPO Listing Date? Kontor Space IPO listing date is 11 October 2023. The IPO is to list on NSE SME. |
