Kontor Space IPO Details ( Kontor Space Limited IPO Review )
(27 Sep 2023 – 3 Oct 2023)
Kontor Space Limited was founded in 2018. They offer workspace solutions by renting and managing commercial spaces.
The company buys or rents properties, which they then rent out to individual or multiple clients. They can furnish these spaces according to the clients’ needs, charging on a per-seat basis. Additionally, they invest in customizing and renovating the properties to meet specific business requirements, including furniture, desks, open workspaces, cabins, meeting rooms, and more.
Kontor Space operates co-working spaces in four locations: Thane West and Pune in Maharashtra, and two in Mumbai (Fort and BKC). These locations are conveniently connected by roads, railways, and airports, making it cost-effective and easy for professionals to commute. This strategic placement allows them to serve a large domestic and international clientele. Their capacity in each center is approximately 730 seats in Thane, 300 seats in Pune, 60 seats in Fort, and 120 seats in BKC.
Kontor Space Limited IPO Competitive Strength
- Brand Image Backed by Service
- Asset-light model
- Economical pricing
- Contract flexibility
- Smart workspaces
- Convenience of enquiry/booking
- Favorable clients’ composition
- Understanding ultimate Client User preferences, service upgradation and roll out capabilities
- Strategic location
- Adept and experienced Management team
- Proven track record of robust financial performance
Kontor Space IPO Financials Performance ( Results )
Kontor Space Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 535.84 | 390.24 | -61.75 | -2.40 | 44.87 | 1.79 | -155.13 | 203.75 |
| 31-Mar-22 | 580.82 | 403.75 | 30.44 | 1.55 | 75.31 | 3.01 | -124.69 | 210.32 |
| 31-Mar-23 | 1,295.31 | 917.84 | 187.88 | 9.46 | 464.67 | 18.55 | 64.67 | 552.79 |
Objective of Kontor Space IPO Issue
- 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 Basic Details
| IPO Date | Sep 27, 2023 to Oct 3, 2023 |
| Listing Date | Wednesday, October 11, 2023 |
| Face Value | ₹10 per share |
| Price | ₹93 per share |
| Lot Size | 1200 Shares |
| Issue Size | 1,680,000 shares of ₹10 (aggregating up to ₹15.62 Cr) |
| Fresh Issue | 1,680,000 shares of ₹10 (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 |
| Company Promoters | Mr. Kanak Mangal and Mrs. Neha Mittal |
Kontor Space IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Kontor Space IPO Timetable
Kontor Space IPO will open on September 27, 2023 and close on October 3, 2023. You can join Kontor Space IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 27 September 2023 (Wednesday) |
| Closing Date | 3 October 2023 (Tuesday) |
| Basis of Allotment | 6 October 2023 (Friday) |
| Initiation of Refunds | 9 October 2023 (Monday) |
| Credit of Shares to Demat | 10 October 2023 (Tuesday) |
| Listing Date | 11 October 2023 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 3 October 2023 |
Kontor Space IPO Lot Size
For retail investors in Kontor Space IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹111,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹111,600.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹111,600 |
| Retail (Max) | 1 | 1200 | ₹111,600 |
| S-HNI (Min) | 2 | 2400 | ₹223,200 |
Kontor Space IPO Promoter Holding
The company’s promoters include Mr. Kanak Mangal and Mrs. Neha Mittal.
| Pre Issue Share Holding | 98.20% |
| Post Issue Share Holding | – |
Kontor Space Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 57.47 |
| Earning Per Share (EPS) | ₹9.46 per Equity Share |
| P/E Ratio (P/E) (x) | 22.27 |
| Return on Net Worth (RoNW) (%) | 40.82 |
| Return on equity (ROE) (%) | 40.82 |
| Return on Capital Employed (ROCE) (%) | 31.19 |
| Debt/Equity Ratio | 1.19 |
Kontor Space Ltd Peer Comparison
While there are no listed peers in India, we believe that below are our competitors having large market shares in India and considerably bigger than the Company are mentioned below
Indian Peers: Awfis, 91Springboard, Simpliworks, Smartworks, CoWrks.
International peers: WeWork, The Executive Centre, Regus, VentureX
Kontor Space IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 27 September 2023 | ₹52 | – | – |
| 26 September 2023 | ₹50 | – | – |
Kontor Space IPO Detail Video:
Kontor Space IPO Subscription Status (Bidding Detail)
The Kontor Space IPO on October 3, 2023 at 7:30:00 PM was subscribed 70.97 times, with the retail category being subscribed 95.49 times, the other category being subscribed 41.87 times.
| Category | Subscription |
| Other | 41.87x |
| Retail | 95.49x |
| Total | 70.97x |
Kontor Space IPO Prospectus
| Kontor Space IPO DRHP | Download |
| Kontor Space IPO RHP | Download |
| Kontor Space IPO Anchor Investors Details PDF | Download |
Kontor Space IPO Rating
| Our Rating | 3.5/5.0 |
Kontor Space Company Contact Information
Kontor Space Limited
Registered Office: Office No. A1 & B1, 9th Floor, Ashar IT Park Road No. 16 Z,
Wagle Industrial Estate, Thane West, Maharashtra 400604
Contact Person: Mrs. Anamika Talesara, Company Secretary and Compliance Officer
Tel: +91 022- 62790001
E-mail: info@kontorspace.in
Website: https://kontorspace.in/
Promoters of our Company: Mr. Kanak Mangal and Mrs. Neha Mittal
Kontor Space IPO Registrar
Cameo Corporate Services Limited
Registered Address: “Subramanian Building”, #1, Club House Road,
Chennai – 600 002
Tel: +91-44-40020700, 28460390
Fax: +91-44-28460129
Contact Person: Mr. R.D. Ramasamy, Director
Email: investor@cameoindia.com
Website: www.cameoindia.com
CIN No.: U67120TN1998PLC041613
SEBI Registration Number: INR000003753
Kontor Space IPO Lead Manager
Srujan Alpha Capital Advisors LLP
Registered Address: 112A, 1st floor, Arun Bazar, S.V. Road,Beside
Bank of India, Malad (West), Mumbai – 400 064
Correspondence Address: 824 & 825, Corporate Avenue, Sonawala Rd,
opposite Atlanta Centre, Sonawala IndustryEstate, Goregaon, Mumbai400063
Tel: +91 022-46030709
Contact Person: Mr. Jinesh Doshi
E-mail: jinesh@srujanalpha.com
Website: www.srujanalpha.com
SEBI Registration Number: INM000012829
Kontor Space IPO FAQs
What is the lot size of Kontor Space IPO?
The total size of Kontor Space IPO is ₹15.62 crores and this is a complete fresh Issue.
When will Kontor Space IPO start?
Kontor Space IPO will open from 27 September 2023 and IPO will close on 3 October 2023.
What is the open date of Kontor Space IPO?
Kontor Space IPO will open date from 27 September 2023.
What is the last date ( close date ) of Kontor Space IPO?
Kontor Space IPO will close from 3 October 2023.
What is the price band of Kontor Space IPO?
Kontor Space IPO price band is ₹93.
What is the minimum amount required to apply for Kontor Space IPO?
The minimum investment for retailers to apply for Kontor Space IPO is ₹111,600 and the maximum investment is ₹111,600.
What is going on gray market premium of Kontor Space IPO?
View gray market premium of Kontor Space IPO by Clicking Here
How much is the GMP of Kontor Space IPO?
Watch Kontor Space IPO GMP Today: Click Here
What is the allotment date of Kontor Space IPO?
The allotment date of Kontor Space IPO is 6 October 2023.
How to check allotment status in Kontor Space IPO?
To check the allotment status of Kontor Space IPO, first of all go to the registrar website by clicking here, select your bad Kontor Space IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Kontor Space IPO?
The listing date of Kontor Space IPO is 11 October 2023.
How much will be the listing gain in Kontor Space IPO?
View listing gain of Kontor Space IPO by Clicking Here
How much time Kontor Space IPO is subscribed?
Total 70.97 times subscribed in Kontor Space IPO out of which 95.49 times subscription was done in retail quota, 41.87 times subscription in other quota.
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