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New listing of INSIDE PARK S.A. on NewConnect

2025-01-16 14:36:53

The company Inside Park S.A. was newly listed on NewConnect on 16 January 2025.

INSIDE PARK S.A. is the 360th company listed on NewConnect and the first new listing on NewConnect in 2025.

Key information

company name	INSIDE PARK S.A.
ticker/short name	“ISD”/“INSIDPARK”
website	https://insidepark.pl/relacje-inwestorskie/
seat	Toruń
core business	The Issuer’s core business is the acquisition and redevelopment of tenement houses, followed by their division into independent units and the sale of the units. The Issuer specialises in the acquisition and revitalisation of tenement houses in exceptional locations. The Issuer offers its clients support throughout the entire process of investing in properties for rent.
new listings on NC in 2025	1
companies listed on NC	360
business sector	Sale of real estate
companies in the sector	6
offering/sale*	Public offering: 30,000 series B shares; Public offering: 81,000 series C shares; Public offering: 5,947 series D shares;
offering/sale value*	Series B shares offering value: PLN 72,000; Series C shares offering value: PLN 810,000; Series D shares offering value: PLN 71,364;
issue/selling price*	Series B share price: PLN 2.40; Series C share price: PLN 10.00; Series D share price: PLN 12.00;
company valuation*	PLN 14,329,577
value of introduced instruments*	PLN 13,235,822
% free float (below 5% in shares subject to the application)	23.61%
free float value*	PLN 3,124,715
% free float (below 5% in all shares)	23.08%
free float value*	PLN 3,306,932
number of shareholders (shares subject to the application)	45 (39 unrelated to the Issuer)
Authorised Advisor	ABISTEMA Kancelaria Doradcza sp. z o.o.
Relations with other companies listed on NC/MM	none

* based on the weighted average transaction price in the last 12 months equal to PLN 11.85

Issuer’s history and business

The Issuer’s core business is the acquisition and redevelopment of tenement houses, followed by their division into independent units and the sale of the units. The Issuer specialises in the acquisition and revitalisation of tenement houses in exceptional locations. The Issuer offers its clients support throughout the entire process of investing in properties for rent.

The Issuer also provides rental support services, in particular for properties purchased from the Issuer by its customers (until the end of September 2024, this business was operated through the subsidiary Inside Park SPV2 sp. z o.o.; since October 2024, it has been operated directly by the Issuer).

The Issuer is also active in the acquisition and commercialisation of commercial real estate and has launched development projects (Enklawa Kociewska sp. z o.o., Inside Park Invest sp. z o.o., Inside Park SPV5 sp. z o.o., Inside Park SPV6 sp. z o.o., NH Development sp. z o.o., Inside Park SPV7 sp. z o.o., Inside Park Trójmiasto sp. z o.o.).

In September 2024, the Issuer started to provide consultancy services to persons interested in the business of acquiring and renovating townhouses, then subdividing them into independent units and selling the units.

The Issuer operates in the Pomorskie and Kujawsko-Pomorskie Voivodeships. The Issuer plans to expand its operations, first to northern Poland and then to the whole of Poland.

The Issuer finances its operations with its own funds and external capital.

As at the date of this Information Document, the Issuer sources most of its operating finance from deposits and advances paid by purchasers of the Issuer’s units (properties) and from loans. Deposits and advances are paid by purchasers of units (properties) which the Issuer renovates for sale. Loans are granted by third parties on an arm’s length basis. The Issuer strives to ensure that as much as possible of the expenditure for the modernisation/refurbishment of the premises is financed with the payments of future owners of the premises.

Selected financials of the Issuer’s Group (PLN):

	Q1-3 2024 unaudited	31.12.2023	31.12.2022
Net sales revenue	4,691,809.24	14,851,402.53	3,506,978.33
Net profit	-1,179,168.14	705,183.60	981,221.34
Equity	4,855,328.03	5,211,232.79	4,465,961.68
Liabilities and provisions	4,771,652.42	6,869,323.80	4,160,731.42
Total assets	11,626,980.46	12,080,556.59	8,626,693.10
Total net cash flows	-1,015,524.57	888,485.42	123,995.58
Cash – closing balance	764,154.84	1,779,679.41	891,193.99

Series B shares – public offering

Subscription start date: 29 October 2021

Subscription end date: 21 January 2022

Number of shares taken up: 30,000 series B ordinary bearer shares

Issue price: PLN 2.40

Number of persons allotted shares: 5 natural persons.

Offering value: PLN 72,000

Series C shares – public offering

Subscription start date: 17 May 2022

Subscription end date: 20 July 2022

Number of shares taken up: 81,000

Issue price: PLN 10.00

Number of persons allotted shares: 14 natural persons.

Offering value: PLN 810,000

Series D shares – public offering

Subscription start date: 17 May 2022

Subscription end date: 28 July 2022

Number of shares taken up: 5,947

Issue price: PLN 12.00

Number of persons allotted shares: 17 natural persons and 1 legal person.

Offering value: PLN 71,364

Issuer’s shareholders:

	# shares	% shares	# votes	% votes
Laskowska Alicja	401 000	401 000	33.16	33.16
Laskowski Tomasz	342 225	342 225	28.30	28.30
Pytel Dawid	186 956	186 956	15.46	15.46
Other	279 066	279 066	23.08	23.08
TOTAL	1 209 247	1 209 247	100	100