Kontor Space IPO Details: The scheduled date for Kontor Space IPO has been confirmed. The IPO is set to enter the market on September 27th and conclude on 29th September. The company aims to gather approximately ₹15.62 crores through this IPO. This sum includes a fresh issue of ₹15.62 crores via 1680000 shares, each valued at ₹10. The retail quota is 50% and HNI is 50%.
What is Kontor Space IPO?
Kontor Space is a coworking and managed office space provider in India. It offers a variety of workspace solutions, including coworking spaces, private offices, meeting rooms, and event spaces. The company has a presence in 10 cities in India, with over 50,000 square feet of office space.
Kontor Space is planning to raise ₹15.62 crores through its IPO, which is open from September 27 to October 3, 2023. The IPO price band is fixed at ₹93 per share. The minimum lot size for an application is 1200 shares.
The company plans to use the proceeds of the IPO to fund its expansion plans, including setting up new offices in key cities in India and investing in new technologies and equipment.
Objectives of Kontor Space IPO
The objectives of the Kontor Space IPO are as follows:
- To fund the company’s expansion plans, including setting up new offices in key cities in India and investing in new technologies and equipment.
- To improve the company’s brand awareness and visibility.
- To provide an exit opportunity to existing investors.\
Kontor Space IPO Date & Price Band Details
| IPO Open: | September 27, 2023 |
| IPO Close: | October 3, 2023 |
| IPO Size: | Approx ₹15.62 Crores, 1,680,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹93 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Kontor Space IPO Market Lot
The Kontor Space IPO minimum market lot is 1200 shares with a ₹111,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹111,600 |
| Retail Maximum | 1 | 1200 | ₹111,600 |
| S-HNI Minimum | 2 | 2400 | ₹223,200 |
Kontor Space IPO Dates
The Kontor Space IPO date is September 27 and the IPO close date is October 3. The IPO allotment date is October 6 and the IPO might list on October 11.
| IPO Open Date: | September 27, 2023 |
| IPO Close Date: | October 3, 2023 |
| Basis of Allotment: | October 6, 2023 |
| Refunds: | October 9, 2023 |
| Credit to Demat Account: | October 10, 2023 |
| IPO Listing Date: | October 11, 2023 |
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Kontor Space IPO Subscription Status
For the latest update on the Kontor Space IPO, you can check this dedicated page for IPO subscription status.
Kontor Space IPO Allotment Status
For the latest update on the Kontor Space IPO, you can check this dedicated page for IPO allotment status.
Kontor Space IPO Forms
For IPO form for the Kontor Space IPO, you can check this dedicated page for IPO Forms.
Kontor Space Company Financials
According to the Kontor Space IPO prospectus, the company’s financials for the past three years are as follows:
| Financial Year | Revenue (₹ crores) | Profit After Tax (₹ crores) |
|---|---|---|
| 2022-23 | 11.95 | 2.44 |
| 2021-22 | 8.51 | 1.48 |
| 2020-21 | 3.62 | 0.94 |
As you can see, the company’s revenue and profit have grown steadily over the past three years. This is a good sign for investors, as it suggests that the company is well-managed and has a strong business model.
The company’s financials also show that it is profitable and has a healthy balance sheet. The company’s debt-to-equity ratio is 0.45, which is below the industry average. This suggests that the company is not excessively leveraged and has the financial capacity to support its growth plans.
Overall, the Kontor Space Company financials are positive and suggest that the company is a good investment opportunity. However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape.
Kontor Space IPO Pros & Cons
Pros:
- Growing company with a strong track record
- Experienced management team
- Well-positioned to benefit from the growing demand for coworking and managed office spaces in India
- Reasonable valuation
Cons:
- Small company with limited market share
- Competitive landscape
- IPO proceeds may not be sufficient to fund all of the company’s growth plans
Company Promoters
- Mr. Kanak Mangal
- Mrs. Neha Mittal
Kontor Space IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Address
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
Kontor Space IPO FAQs
The IPO is set to enter the market on September 27th and conclude on 29th September. The company aims to gather approximately ₹15.62 crores through this IPO. This sum includes a fresh issue of ₹15.62 crores via 1680000 shares, each valued at ₹10. The retail quota is 50% and HNI is 50%.
The IPO will open on 27th September 2023.
The retail quota is 50% and HNI is 50%
There are two ways to apply for the Kontor Space IPO:
1. Through your bank
Most banks in India offer ASBA (Application Supported by Blocked Amount) facility, which allows you to apply for IPOs online using your bank account. To apply for the Kontor Space IPO through your bank, follow these steps:
Log in to your net banking account.
Go to the ‘ASBA’ section.
Select the ‘Kontor Space IPO’ from the list of available IPOs.
Enter the number of shares you want to apply for and the price you are willing to pay.
Block the required amount in your bank account.
Submit the application.
2. Through your broker
If you have a demat account with a stockbroker, you can also apply for the Kontor Space IPO through your broker. To do this, you will need to fill out an IPO application form and submit it to your broker. Your broker will then submit the application to the stock exchange on your behalf.
Note: The minimum lot size for the Kontor Space IPO is 1200 shares. This means that you must apply for at least 1200 shares. The price of each share is between ₹93 and ₹95.
Here are some additional tips for applying for IPOs:
Apply for IPOs as early as possible. IPOs are often oversubscribed, which means that there are more applications than shares available.
Kontor Space IPO size is ₹15.62 crores.
Kontor Space IPO Price Band is ₹93 per equity share.
Kontor Space IPO allotment date is October 6, 2023.
Kontor Space IPO listing date is October 11, 2023. The IPO to list on NSE SME.