Kontor Space IPO Details | GMP, Date, Price, Review

Kontor Space IPO

Table of Contents

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 EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

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 DateSep 27, 2023 to Oct 3, 2023
Listing DateWednesday, October 11, 2023
Face Value₹10 per share
Price₹93 per share
Lot Size1200 Shares
Issue Size1,680,000 shares of ₹10
(aggregating up to ₹15.62 Cr)
Fresh Issue1,680,000 shares of ₹10
(aggregating up to ₹15.62 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue4,500,000
Share holding post issue6,180,000
Company PromotersMr. Kanak Mangal and
Mrs. Neha Mittal

Kontor Space IPO Reservation

Other Shares Offered50% of the Net Issue
Retail Shares Offered50% 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.

Opening Date27 September 2023 (Wednesday)
Closing Date3 October 2023 (Tuesday)
Basis of Allotment6 October 2023 (Friday)
Initiation of Refunds9 October 2023 (Monday)
Credit of Shares to Demat10 October 2023 (Tuesday)
Listing Date11 October 2023 (Wednesday)
Deadline for UPI mandate confirmation5 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.

Retail (Min)11200₹111,600
Retail (Max)11200₹111,600
S-HNI (Min)22400₹223,200

Kontor Space IPO Promoter Holding

The company’s promoters include Mr. Kanak Mangal and Mrs. Neha Mittal.

Pre Issue Share Holding98.20%
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.

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 Ratio1.19

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

DateGMPKostakSubject 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.


Kontor Space IPO Prospectus

Kontor Space IPO DRHPDownload
Kontor Space IPO RHPDownload
Kontor Space IPO Anchor Investors Details PDFDownload

Kontor Space IPO Rating

Our Rating3.5/5.0

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.

How to apply for Kontor Space IPO from Upstox?

Click Here to see how to apply for Kontor Space IPO from Upstox. (step by step)

How to apply for Kontor Space IPO from Zerodha?

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How to apply for Kontor Space IPO from Angle One?

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