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Kontor Space Limited IPO aims to raise ₹15.62 Cr thorough a fresh issue of 1,680,000 shares. provides. Kontor Space Limited provides “Space-as-a-Service” by leasing and managing commercial spaces.

About Kontor Space Limited

• Presently, it is operating Co-working space from 4 locations situated at
• Ashar IT Park, Jayashri Baug, Road No.16, Wagle Industrial Estate, Thane West
• Kantilal Parmar Commercial Tower, Vithalrao Shivker Marg, Near Big Bazar Mall, Wanowarie, Haveli, Pune
• 4th Peninsula House, Dr Dadabhai Navroj Road, Fort, Mumbai -400001
• G-Block, One BKC, Bandra Kurla Complex, Bandra, Mumbai 400 051
• Promoters: Mr. Kanak Mangal and Mrs. Neha Mittal

Financials: Kontor Space Limited

Kontor Space IPO: Salient Points

• Co-working is a working arrangement wherein people from different companies come together to work in a single shared space. These Spaces typically offer amenities such as Wi-Fi, printers, meeting rooms, & coffee, and they often have a community-oriented atmosphere.
• The size of Co-working Office Spaces market in India was USD 1.78 billion in 2022 and is anticipated to register a CAGR of over 7% during 2023-2028.
• The first half of 2022 has seen a rebound in the co-working space industry, driven by the increased demand for flexible office space.
• Demand for co-working spaces increased by a staggering 643% in H1 2022 compared to the same time five years ago.
• Issue proceeds will be used for:

• Its biggest center at Thane is operating at 90% occupancy followed by Pune (90%), and Fort Area (100%).
• Currently its is in process of setting up two new centres at Andheri and Airoli for approximately 300 and 500 seated capacities respectively through the proceeds of the present Issue.
• Key financial parameters

• Strategic location of its co-working spaces allows us to cater to a more extensive consumer base, reduce logistic costs and achieve economies of scale.
• Company’s co-working spaces are thoughtfully designed with a strong emphasis on eco-friendly measures making them an ideal choice for businesses all around
• Kontor Space is coming at a PE ratio of 30x(fy23 earnings) .
• I may apply in Kontor Space IPO subject to availability of funds.
• GMP as reported on social media has been around Rs. 40.
• Srujan Alpha Capital Advisors Llp is the lead manager. They earlier handled Dharni Capital Services SME IPO.
• SME IPO are quite illiquid and volatile and exit options sometimes is delayed.
• There are reports that SEBI is of view that SME stocks prone to more market manipulation and SEBI may be looking to curb speculation in SME stocks.

Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . Also Certified in some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.