Kontor Space Ltd Share Price – NSE

Miscellaneous, Small Cap

Kontor Space will hold a meeting of the Board of Directors of the Company on 28 March 2024.

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Kontor Space will hold a meeting of the Board of Directors of the Company on 13 February 2024.

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Kontor Space will hold a meeting of the Board of Directors of the Company on 27 December 2023.

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The scrip was listed at Rs 122, up 31.18% over the initial public offer (IPO) price. However, the stock reversed and was currently frozen at an lower limit of 5% from its listing price.

The counter hit a high of Rs 122 and a low of Rs 115.90. About 4.44 lakh shares of the company changed hands at the counter.

Kontor Space's IPO was subscribed 65.20 times. The issue opened for bidding on 27 September 2023 and it closed on 3 October 2023. The price of the IPO was fixed at Rs 93 per share.

The IPO comprised fresh issue of 16,80,000 shares. The company intends to utilize the net proceeds towards payment of Rental Deposits for new co-working centres, To carry out the Capital Expenditure for fit outs of new co-working centres and general corporate purpose.

Kontor Space provides space-as-a-service by renting and managing commercial spaces. The company had 12 permanent employees on pay roll.

The company recorded revenue from operations of Rs 9.17 crore and net profit of Rs 1.87 crore for the period as on 31 March 2023.

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