IPO

Mindspace Business Parks REIT IPO

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Listed On: Aug 12, 2020 at ₹ 304

₹ 55000 /200 Shares

27 Jul, 2020

Open Date

29 Jul, 2020

Close Date

07 Aug, 2020

Allotment Date

12 Aug, 2020

Listing Date
IPO Issue Details
  • Issue Price Rs 274/- to Rs 275/- Per unit of REIT
  • Face Value Rs 2/- Per Equity Share
  • Issue Price Total Issue of 16,36,36,363 units of Rs 274 to Rs 275 with aggregating up to Rs 4500 Cr
    Fresh Issue of 3,63,63,636 units of Rs 274 to Rs 275 with aggregating up to Rs 1000 Cr
    Offer for Sale of 12,72,72,727 units of Rs 274 to Rs 275 with aggregating up to Rs 3500 Cr
  • Listing at NSE, BSE
  • List Price 304
  • Listing Date 2020-08-12
  • Lead Manager Morgan Stanley India Company Private Limited, DSP Merrill Lynch Limited,Axis Capital Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, UBS Securities India Private Limited, Ambit Capital Private Limited, HDFC Bank Limited, IDFC Securities Limited and ICICI Securities Limited
  • Registrar KFIN Technologies Private Limited
IPO Details
  • Retail Portion N/A
IPO Documents
IPO Details


The IPO of is priced at ₹274 - 275 per equity share, which has a face value of Rs 2/- Per Equity Share each, IPO bidding starts from Jul 27, 2020 and ends on Jul 29, 2020. The allotment for IPO will be finalized on Aug 7, 2020. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 12, 2020. The company shall list its equity shares on the NSE, BSE. KFIN Technologies Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Morgan Stanley India Company Private Limited, DSP Merrill Lynch Limited,Axis Capital Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, UBS Securities India Private Limited, Ambit Capital Private Limited, HDFC Bank Limited, IDFC Securities Limited and ICICI Securities Limited.


The IPO sets its price band at 274 - 275 for each share. A single application for Mindspace Business Parks REIT IPO must contain at least 200 shares.

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IPO Subscription Analysis And Details
QIB
39.00x
NII
48.00x
Total
87.00x
As on QIB NII Total
Shares Offered / Reserved 3,69,52,600 3,07,93,800 N/A 6,77,46,400
Day 1 27-07-20
1,37,12,800 0.37 x 1,22,10,000 0.40 N/A x 2,59,22,800 0.38 x
Day 2 28-07-20
3,39,96,000 0.92 x 5,67,84,000 1.84 N/A x 9,07,80,000 1.34 x
Day 3 29-07-20
39,21,21,600 10.61 x 48,57,03,000 15.77 N/A x 87,78,24,600 12.96 x
Valuations
Earnings Per Share (EPS) Rs (13.08)/-
P/E Ratio (2.04)
RoNW (75.57)%
Net Asset Value (NAV) - Post Issue Rs 17.30/-
IPO - Issue Objectives
1

Partial or full pre-payment or scheduled repayment of certain debt facilities of the Asset SPVs availed from banks/financial institutions (including any accrued interest and any applicable penalties/ premium)

2

Purchase of NCRPS of MBPPL

3

General purposes