Kontor Space Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 796,800 (47%) | — | ₹741 Cr |
| Retail | — | 796,800 (47%) | — | ₹741 Cr |
| Market Maker | — | 86,400 (5%) | — | ₹8 Cr |
| Σ Total | — | 1,680,000 (100%) | — | ₹15,624 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹111,600 |
| Retail (Max) | 13 | 15,600 | ₹1,450,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,562,400 |
| B-HNI (Min) | 67 | 80,400 | ₹7,477,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue | 918 | 404 | 390 |
| Profit After Tax | 188 | 30 | -62 |
| Net Worth | 465 | 75 | 45 |
| Total Assets | 1,295 | 581 | 536 |
| Reserves & Surplus | 65 | -125 | -155 |
| Total Borrowing | 553 | 210 | 204 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To make the payment of Rental Deposits of new co-working centers – 2.39
- To carry out the Capital Expenditure for fit outs of new co-working centers – 9.67
- General Corporate Purpose – 2.97
Company Overview
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.