Kontor Space IPO Review, Price, Dates, Fundamentals: The Rs 15.62 crore fixed price issuance for Kontor Space. 16.8 lakh shares are being issued totally as new shares. Shares of Kontor Space are priced at 93 each. Retail investors must make an initial investment of at least 111,600. The minimum investment lot size for HNI is 2 lots, or 2,400 shares, or 223,200.
The subscription period for the Kontor Space Limited IPO begins on September 27, 2023, and ends on October 3, 2023. On Friday, October 6, 2023, the allocation for the Kontor Space IPO is anticipated to be completed. The tentative listing date for Kontor Space’s IPO is set on Wednesday, October 11, 2023, on NSE SME.
The registrar for the Kontor Space IPO is Cameo Corporate Services Limited, while the book-running lead manager is Srujan Alpha Capital Advisors Llp. Rikhav Securities is the market maker for the Kontor Space IPO.
Kontor Space IPO Overview
| Kontor Space Limited Company Overview | |
|---|---|
| Company Name | Kontor Space Limited |
| IPO Opening Date | 27 September, 2023 |
| IPO Closing Date | 03 October, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 93₹ Per Share |
| Lot Size | 1200 Shares |
| GMP | Check Here |
| Issue Type | Fixed Price Issue IPO |
| Total IPO Issue Size | 1,680,000 Shares |
| Fresh Issue Size | 1,680,000 Shares |
| IPO Listing At | NSE SME |
| Share Holding Pre Issue | 4,500,000 |
| Share Holding Post Issue | 6,180,000 |
| More IPO’s | Check Here |
Kontor Space IPO Lot Size
| Kontor Space Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | 01 Lot |
| Minimum HNI Applications | 02 Lots |
| Total Shares In Single Lot | 1200 Shares |
| Amount For Single Lot | ₹111,600 |
Kontor Space IPO Time Table (Tentative)
| Kontor Space Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 27 September, 2023 |
| IPO Ending Date | 03 October, 2023 |
| Basis Of Allotment | 06 October, 2023 |
| Initiation Of Refund | 09 October, 2023 |
| Shares Credit To Demat Account | 10 October, 2023 |
| Date Of Listing | 11 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 05:00 PM, 27 September, 2023 |
Kontor Space IPO Reservation Details
| Kontor Space Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | 50% Of Net Offer |
| Shares Offered To HNI | 50% Of Net Offer |
Kontor Space Company Financials
| Kontor Space Limited Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 917.84 Cr |
| Assets | 1295.31 Cr |
| Profit After Tax | 187.88 Cr |
| Net Worth | 464.67 Cr |
| Reserves And Surplus | 64.67 Cr |
| Debt | 552.79 Cr |
Kontor Space Promoters Holding
| Share Holding Pre Issue | 98.20% |
| Share Holding Post Issue | Not Release Yet |
Kontor Space Key Performance Indicators
| Kontor Space Limited Key Performance Indicators | |
|---|---|
| KPI | Values |
| P/E (X) | 22.27 |
| EPS | 9.46 |
| ROE | 40.82% |
| ROCE | 31.19% |
| RoNW | 40.82% |
Is Kontor Space IPO Good Or Bad To Buy? (Review)
KSL is pleased to have you as a coworker as they are in the cutting-edge “space-as-a-service” business. For the stated periods, it showed increase in its top lines. The management is optimistic in seizing the opportunity with the anticipated expansion as the FY23 performance gives a signal as to the prospects moving forward. Investors may park money in anticipation of medium- to long-term gains.
What Is The Future Of Kontor Space Stock?
The business buys the property or rents the property in order to sub-rent or sub-lease the same to one or more clients on a per-seat basis for their workspace requirements, depending on their requirements, with or without the same equipment.
The company also invests in fit-outs to upgrade and renovate premises in compliance with working requirements and to adapt the property to the business model, including :-
- Furniture.
- Workstations
- Open work areas.
- Cabins, meeting rooms.
- Conference rooms and other facilities.
Four venues are used by the company to run its co-working space: one in Thane West, Maharashtra; one in Pune, Maharashtra; and two in Mumbai (Fort, and BKC), Maharashtra. Due to their excellent road, rail, and air connectivity, these areas are easily accessible for the working and professional consumption regions at lower transit expenses.
These venues strategic placement aids the business in serving its sizable local and international clients. The maximum seating capacities of Kontor Space’s Thane, Pune, Fort, and BKC centers are 730 seats, 300 seats, 60 seats, and 120 seats, respectively.
What Is The Objective Of Kontor Space IPO Issue?
These are two main reasons for Kontor Space IPO :-
- To complete the capital expense for the fit-out of new co-working spaces.
- To pay the rental deposits for brand-new co-working spaces.
How To Apply For Kontor Space IPO?
- Log in to Console at your broker’s website.
- Click the IPOs link under Portfolio.
- Go to the ‘Kontor Space IPO’ field and select the ‘Bid’ option.
- Enter the Price, Quantity, and UPI ID.
- “Submit” your IPO application.
- Approve payment.