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News Details

22/09/2023 15:20

Kontor Space announces launch of initial public offering

Kontor Space Ltd. has announced public offering of 1680000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 83.00 per share. The gross proceeds of the issue are expected to be Rs 1,562.40 lakhs.

The company's initial public offer (IPO) will open on 27 September 2023 and is expected to close on 29 September 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1680000 Equity Shares of the Company at an price of Rs 93.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Kontor Space Ltd. anticipates using the proceeds of the issue for .

Srujan Alpha Capital Advisors LLP as lead manager & Cameo Corporate Services Limited is the registrar, to the issue.