Last updated on October 25, 2023
Kontor Space IPO description – Incorporated in 2018, Kontor Space provides “space-as-a-service” by renting and managing commercial spaces. With technological expertise, it aims to foster a culture of collaboration and productivity by offering flexibility, convenience, and astounding quality at a significantly competitive price to clients ranging from small-scale startups to large conglomerates.
Being the trademark owners of ‘Kontor’, the company has established a significant brand image and positioning in the co-working industry which has given it the opportunity to aggressively expand into newer markets by acquiring and managing more spaces in addition to existing 4 in Thane, Pune, Fort and BKC (Mumbai).
Currently, Kontor Space offers highly competitive pricing at co-working centers, viz. Thane, Pune, Fort, and BKC at an average price per seat of INR 8,500/-, INR 4,500/-, INR 13,333/-, and INR 30,000/- (proposed), respectively.
The focus on functional and operational excellence has contributed to a track record of robust financial performance. In FY 2023, 2022, and 2021, it generated total income of INR 917.40 Lakh, INR 400.70 Lakh, INR 390.24 Lakh respectively, EBITDA of INR 394.90 Lakh, INR 17.00 Lakh, INR 32.19 Lakh respectively and net profit after tax of INR 187.88 Lakh, INR 30.44 Lakh, and negative INR (61.75 Lakh), respectively.
Promoters of Kontor Space – Mr. Kanak Mangal & Mrs. Neha Mittal
Table of Contents
Kontor Space IPO Details
| Kontor Space IPO Dates | 27 September – 3 October 2023 |
| Kontor Space IPO Price | INR 93 per share |
| Fresh issue | 16,80,000 shares (INR 15.62 crore) |
| Offer For Sale | NIL |
| Total IPO size | 16,80,000 shares (INR 15.62 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 111,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Kontor Space Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 390.24 | 400.70 | 917.40 |
| Expenses | 428.00 | 358.53 | 654.34 |
| Net income | (61.75) | 30.44 | 187.88 |
Kontor Space Offer News
- Kontor Space RHP
- Kontor Space Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Kontor Space Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (1.92) | 1.24 | 7.57 |
| PE ratio | – | – | 12.29 |
| RONW (%) | (107.10) | 41.27 | 40.82 |
| NAV | 1.79 | 3.01 | 18.55 |
| ROCE (%) | (10.64) | 20.48 | 31.19 |
| EBITDA (%) | 8.25 | 4.24 | 43.05 |
| Debt/Equity | 4.54 | 2.79 | 1.19 |
Kontor Space IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 9 October 2023 | 8 | – | 7,500 |
| 7 October 2023 | 8 | – | 7,500 |
| 6 October 2023 | 10 | – | 8,500 |
| 5 October 2023 | 15 | – | 12,000 |
| 4 October 2023 | 30 | – | 29,000 |
| 3 October 2023 | 35 | – | 33,000 |
| 2 October 2023 | 40 | – | 38,000 |
| 30 September 2023 | 40 | – | 42,000 |
| 29 September 2023 | 50 | – | 48,000 |
| 28 September 2023 | 47 | – | 45,000 |
| 27 September 2023 | 30 | – | 27,500 |
| 26 September 2023 | 30 | – | 27,500 |
| 25 September 2023 | 30 | – | 26,500 |
Kontor Space IPO Subscription – Live Updates
| Category | NII | Retail | Total |
|---|---|---|---|
| Shares Offered | 883,200 | 796,800 | 1,680,000 |
| 3 Oct 2023 | 37.87 | 95.49 | 65.20 |
| 29 Sep 2023 | 4.05 | 28.74 | 15.76 |
| 28 Sep 2023 | 1.82 | 12.85 | 7.05 |
| 27 Sep 2023 | 0.58 | 5.42 | 2.88 |
Kontor Space IPO Allotment Status
Kontor Space IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Kontor Space IPO Dates & Listing Performance
| IPO Opening Date | 27 September 2023 |
| IPO Closing Date | 3 October 2023 |
| Finalization of Basis of Allotment | 4 October 2023 |
| Initiation of refunds | 5 October 2023 |
| Transfer of shares to demat accounts | 9 October 2023 |
| IPO Listing Date | 10 October 2023 |
| Opening Price on NSE SME | INR 122 per share (up 31.18%) |
| Closing Price on NSE SME | INR 115.90 per share (up 24.62%) |
Kontor Space Offer Lead Manager
SRUJAN ALPHA CAPITAL ADVISORS LLP
112A, 1st floor, Arun Bazar, S.V. Road, Beside
Bank of India, Malad (West), Mumbai – 400 064
Phone: +91 022-40167322
Email: [email protected]
Website: www.srujanalpha.com
Kontor Space Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700, 28460390
Email: [email protected]
Website: www.cameoindia.com
Kontor Space Contact Details
KONTOR SPACE LIMITED
Office No. A1 & B1, 9th Floor, Ashar IT Park Road No. 16 Z,
Wagle Industrial Estate, Thane West, Maharashtra 400604
Phone: +91 022- 62790001
E-mail: [email protected]
Website: www.kontorspace.in
IPO FAQs
What is Kontor Space IPO offer size?
Kontor Space offer size is INR INR 15.62 crores.
What is the Kontor Space offer price band?
Kontor Space public offer price is INR 93 per share.
What is the lot size of Kontor Space public offer?
Kontor Space offer lot size is 1,200 shares.
What is Kontor Space IPO GMP today?
Kontor Space IPO GMP today is INR 8 per share.
What is the Kontor Space kostak rate today?
Kontor Space kostak rate today is INR NA per application.
What is Kontor Space Subject to Sauda rate today?
Kontor Space Subject to Sauda rate today is INR 7,500 per application.
