Kontor Space (NSE SME)
September 27, 2023 – October 3, 2023
| Price | ₹93 - ₹93 |
| Premium | ₹3 |
|---|---|
| Lot size | 1200 |
| Allotment | Oct 4, 2023 |
| Listing | Oct 10, 2023 |
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
Last updated on 03-Oct-2023 17:00:12
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 7,96,800 | 3,34,48,800 | 41.98 |
| RETAIL | 7,96,800 | 7,60,89,600 | 95.49 |
| Total | 15,93,600 | 10,95,38,400 | 68.74 |
| Retail Apps | 63,408 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 111600 | 0 |
| HNI | 2 | 2400 | 223200 | 0 |
Incorporated in 2018, 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
| 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 Rikhav Securities |
Kontor Space IPO Reservation
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 535.84 | 580.82 | 1,295.31 |
| Revenue | 390.24 | 403.75 | 917.84 |
| Profit | -61.75 | 30.44 | 187.88 |
| Net Worth | 44.87 | 75.31 | 464.67 |
| Reserves | -155.13 | -124.69 | 64.67 |
| Borrowing | 203.75 | 210.32 | 552.79 |