| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹15.62 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹15.62 Cr |
| Fresh Issue | ₹14.82 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน93.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | KONTOR |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Srujan Alpha Capital Advisors... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 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 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 12.95 | 5.81 | 5.36 |
| Total Income | 9.18 | 4.04 | 3.90 |
| Profit After Tax | 1.88 | 0.30 | -0.62 |
| NET Worth | 4.65 | 0.75 | 0.45 |
| Reserves and Surplus | 0.65 | -1.25 | -1.55 |
| Total Borrowing | 5.53 | 2.10 | 2.04 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 40.82% |
| ROCE | 31.19% |
| Debt / Equity | 1.19% |
| RoNW | 40.82% |
| PAT Margin | 20.68% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 9.46 | |
| P/E (x) | 22.27 | |
| Promoter Holding | 98.20% | |
| Market Cap | โน57.47 Cr. | |