Kontor Space was founded on January 17, 2018, and operates in the commercial real estate sector, offering "space-as-a-service." The company specialises in renting and managing commercial spaces, catering to the needs of businesses looking for flexible workspace solutions
| Bidding Dates |
|---|
| 27 Sep 2023 - 03 Oct 2023 |
| Subscription |
|---|
| 65.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,11,600 | 1 | 1 | 1200 | 1.7 M | ₹93 | 72.82 % | ₹156.2 M | RHP DOC |
Kontor Space IPO SUBSCRIPTION STATUS
03 Oct '23Kontor Space IPO overall subscription rate was 65.2 times the total available shares
Kontor Space IPO retail subscription rate was 90.58 times in the retail segment
Kontor Space IPO non-institutional investor subscription rate was 39.82 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 Oct 2023 (Day 4) | 90.58x | 39.82x | - |
29 Sep 2023 (Day 3) | 27.26x | 4.26x | - |
28 Sep 2023 (Day 2) | 12.19x | 1.92x | - |
27 Sep 2023 (Day 1) | 5.14x | 0.61x | - |
Kontor Space FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 18.8 | 91.7 | 34.7 | -26.8 | 43.1% |
| FY22 | 3.0 | 40.1 | 9.0 | -1.3 | 4.2% |
| FY21 | -6.2 | 39.0 | 0.6 | -2.1 | 8.3% |
Kontor Space IPO SUBSCRIPTION STATUS DETAILS
Kontor Space had 1.7 M shares on offer
Kontor Space IPO offer price was ₹93
Kontor Space IPO minimum Investment was ₹111600
Kontor Space IPO issue size was ₹ 156.2 M
Kontor Space had a minimum lot size of 1200 Shares per application
Kontor Space NUMBER OF SHARES ON OFFER
Kontor Space IPO IMPORTANT DATES
| Issue Open Date | 27 Sep 2023 |
| Issue close Date | 03 Oct 2023 |
| Allotment Date | 06 Oct 2023 |
| Refund Date | 09 Oct 2023 |
| Demat Account Credit Date | 10 Oct 2023 |
| Listing Date | 10 Oct 2023 |
| Listing on Exchange(s) | NSE |
| Kontor Space Allotment Status | Exchange |
Kontor Space IPO subscription opened on 27 Sep 2023, and closed on 03 Oct 2023
IPO allotment for Kontor Space was finalized on Friday, 06 Oct 2023
IPO listing for Kontor Space was on NSE on Tuesday, 10 Oct 2023
Kontor Space IPO LISTING GAINS
| Issue Price (adjusted) | 93.0 |
| Listing Open Price | 122.0 |
| Listing Close Price | 115.9 |
| Listing Gain% | 31.2% |
| Current Gain% | -33.9% |
Kontor Space Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kontor Space Ltd. | 61.4 | 38 | 16.7 | -0.4 | 1.5 | 7.9 | 5.1 | 24.9 | 23.2 | 2.3 | -45 | 3.7 | -45 |
| Sagility Ltd. | 43 | 20139.1 | 20.3 | 0.4 | 2.6 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 347.2 | 15004.6 | 24.6 | 1 | 11 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 28.1 | 6548.3 | 15.6 | 0 | 5.9 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 437.6 | 6182.9 | 42.2 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 525.8 | 4353.8 | 37.8 | 1.5 | 5.8 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Kontor Space INFORMATION ON IPO ISSUE
About Kontor Space
Kontor Space was founded on January 17, 2018, and operates in the commercial real estate sector, offering "space-as-a-service." The company specialises in renting and managing commercial spaces, catering to the needs of businesses looking for flexible workspace solutions
Object of the Issue
- To make the payment of rental deposits of new co-working centers
- To carry out the capital expenditure for fit outs of new co-working centers
- General corporate purpose
Kontor Space - PROMOTERS
| Name |
|---|
| Kanak Mangal |
| Neha Mittal |
Kontor Space Lead Manager to the Issue
Srujan Alpha Capital Advisors LLP
jinesh@srujanalpha.com
Kontor Space Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Kontor Space Strengths
Brand image
The company has built a strong reputation and expertise in delivering a vibrant, cost-effective, and collaborative work environment. In addition to this, Kontor Space also provides state-of-the-art technological support and infrastructure. This encompasses a wide range of services designed to meet the various needs of its clients, thus making it a comprehensive solution for businesses in search of flexible workspace options
Asset-light model
The company's asset-light model allows for flexibility and cost-effectiveness, important in a growing and changing market
Robust financial performance
In FY23, the company reported total income of Rs 91.7 million and a net profit after tax of Rs 18.9 million. In FY22, these figures were Rs 40.1 million and Rs 3.0 million, respectively
Kontor Space Risks
Limited operating history
The company's limited operating and financial history poses challenges for accurately evaluating its future growth prospects
Geographically concentrated
The company's operations are highly concentrated in specific geographical regions. Any negative developments in these areas could significantly impact the business
Incurred indebtedness
The company has accrued debt, exposing it to multiple risks that could negatively affect both its business and operational results
IPO FAQs
The promoters of the company are Kanak Mangal and Neha Mittal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 93.0 - 93.0.
The IPO application opens on Sep 27, 2023 and closes on Oct 03, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 111,600.0, the maximum value for this IPO is Rs 111,600.0.
This IPO will be allotted on Oct 06, 2023.
The refund will be credited to your account on Oct 09, 2023.
The allotted shares will be credited to your demat on Oct 10, 2023.
Kontor Space Ltd.’s shares listed on the stock exchanges on Oct 10, 2023.