IPO Issue Details
Issue Price / Price Band₹93 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size16,80,000 shares (aggregating up to ₹15.62 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 27 Sep 2023
Subscription CloseTue, 03 Oct 2023
Anchor AllotmentTue, 26 Sep 2023
Basis of AllotmentThu, 05 Oct 2023
Initiation of RefundsFri, 06 Oct 2023
Credit of Shares to DematMon, 09 Oct 2023
Listing DateTue, 10 Oct 2023
UPI Mandate Deadline2023-10-03
Application & Investment Details
Retail — Min (1 Lots)₹1,11,600 — 1,200 shares
Retail — Max (13 Lots)₹1,450,800 (13 Lots)
HNI — Min (2 Lots)₹2,23,200 — 2,400 shares
EPS (Pre-IPO)₹9.46
P/E Ratio (Pre-IPO)22.27x
Net Offer to Public15,93,600 shares (aggregating up to ₹14.82 Cr)
Reserved for Market Maker86,400 shares (aggregating up to ₹0.8035 Cr)
Pre-IPO Promoter Holding45,00,000 shares
Post-IPO Promoter Holding61,80,000 shares
About Kontor Space Ltd.
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.
Objects of the Issue
Kontor Space Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To make the payment of Rental Deposits of new co-working centers
2.39
2
To carry out the Capital Expenditure for fit outs of new co-working centers
9.67
3
General Corporate Purpose
2.97
Shareholding & Lock-in
Pre-IPO Promoter Holding
45,00,000 shares
Post-IPO Promoter Holding
61,80,000 shares