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Latest filing: 2026-07-29 21:17
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Rs 5.36 Cr Fundraise: Kontor Space Allots 7.15 Lakh Warrants to Promoter at Rs 75/Share
Kontor Space has approved the allotment of 7,15,000 fully convertible warrants to its promoter, Kanak Mangal, at an issue price of Rs 75 per warrant. The company has received the initial 25% subscription amount of Rs 1.34 crore, with the remaining 75% payable within 18 months. Notably, the issue price of Rs 75 represents a significant premium of approximately 29% over the current market price of Rs 58, signaling strong promoter confidence.
Confidence: HIGH
What changedThe company has executed a preferential allotment of warrants to its promoter, securing immediate capital and a commitment for further funds over the next 18 months.
Why it mattersThis fundraise provides the necessary capital to fuel the company's expansion into new markets like Bangalore and Hyderabad while strengthening the balance sheet without increasing debt (currently at Rs 6 Cr).
Total Issue Value: Rs 5.36 CrIssue Price per Warrant: Rs 75Fundraise vs Net Worth: ~18.5%Upfront Payment Received: Rs 1.34 CrConversion Deadline: January 29, 2028
📅 Short termThe announcement is likely to be viewed positively by the market due to the promoter's entry at a price significantly higher than the current market rate.
📈 Long termIf the capital is successfully deployed to double capacity and maintain high occupancy (above the 60-65% breakeven), it supports the company's 100% revenue growth target.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Equity dilution for minority shareholders upon conversion
- Dependency on promoter to exercise the remaining 75% payment
Key Highlights
Allotment of 7,15,000 convertible warrants to promoter Kanak Mangal at Rs 75 each
Total fundraise value of Rs 5.36 crore, representing approximately 18.5% of the company's net worth (Rs 29 Cr)
Upfront payment of Rs 1.34 crore (25% of total) already received by the company
Warrants are convertible into equity shares on a 1:1 basis within a period of 18 months
Issue price of Rs 75 is a ~29% premium to the current market price of Rs 58
👀 What to Watch
Investors should monitor the deployment of these funds toward the company's stated goal of doubling seat capacity to 2,400. The promoter's willingness to subscribe at a premium is a key data point to watch alongside quarterly occupancy rates.