Monday, July 20, 2020

Mindspace REIT IPO Date, Review, Price Band, Form, Allotment & Market Lot

In this month of July 2020, the second big company is coming with its public issue, Mindspace Business Parks REIT is ready to launch Rs 4500 crore IPO. It is owned by the Mumbai-based realtor K Raheja Group and Blackstone Group. The IPO comes with a fresh issue of Rs. 1000 Crores and offer for sale of 3500 crores. It is a Mumbai based company that has multiple business parks in different cities. It also has another quality offices in Mumbai, Hyderabad, Pune, and Chennai. Real Estate Investment Trust (REIT) is the big real estate player in worldwide and recently Mindspac has rented land area of 29.5 million square feet in prime locations at Hyderabad, Mumbai, Pune, and Chennai. The IPO will open for subscription on July 27 and closes on July 29. Mindspace will only be the second REIT to list on the India Stock Exchange after the success of Embassy Office Parks REIT. Checkout Mindspace Business Parks REIT IPO dates, price band, and market lot details. 

Brokerage Firms are positive about the Mindspace Business Parks REIT IPO.  We can expect a good 20-30% return on the list as per the grey market premium. Let's see how it will test the market at this level.

Mindspace REIT IPO

Mindspace Business Parks REIT IPO Review:

  • Apply for Long Term

Mindspace Business Parks REIT IPO Review:

  • Axis Capital: Other
  • Choice Equity Broking Pvt Ltd: Subscribe
  • HDFC Securities Limited: Other
  • IIFL Wealth: Other
  • JM Financial Institutional Securities: Other

Mindspace REIT IPO Dates & Price Band:

 IPO Open:  27 July 2020
 IPO Close:  29 July 2020
 IPO Size:  Approx ₹4500 Crore
 Face Value:  ₹- Per Equity Share
 Price Band:  ₹274 - ₹275 Per Share
 Listing on:  BSE & NSE
 Retail Portion:  25%
 Equity:  200 Shares

Mindspace REIT IPO Market Lot:

 Lot Size:  Minimum 200 Shares & Maximum 500 Shares
 Minimum Amount:  ₹55000
 Maximum Amount:  ₹165000

Mindspace REIT IPO Allotment & Listing:

 Basis of Allotment:  6 August 2020
 Refunds:  7 August 2020
 Credit to Demat Account:  10 August 2020
 Listing Date:  12 August 2020

Mindspace REIT IPO Form:

How to apply the Mindspace REIT IPO? You can apply Mindspace Business Parks REIT IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mindspace REIT IPO in the Invest section. The other option you can apply Mindspace REIT IPO via IPO forms download via NSE and BSE. Check out the Mindspace REIT forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

Mindspace Business Parks REIT Financial Results:

  ₹ in Crore
Revenue Expense PAT
2016 - - -
2017 - - -
2018 1502 477 11
2019 1680 418 31
2020 2026 654 25

Company Promoters:

  • Axis Trustee Services Ltd
  • Cape Trading LLP
  • Anbee Constructions LLP

Quick Links:

DRHP Draft Prospectus
RHP Draft Prospectus

Mindspace REIT IPO Registrar:

KFin Technologies Private Limited
Selenium, Tower B, Plot No. 31 & 32
Financial District, Nanakramguda
Hyderabad 500 032, Rangareddi Telangana, India
Phone: +91 40 6716 2222

 Check Mindspace Business Parks REIT allotment status on KFin Technologies website allotment URL. Click Here

Mindspace REIT IPO Lead Managers:

  • Ambit Private Limited
  • Axis Capital Limited
  • BoA Merrill Lynch
  • Citigroup Global Markets India Private Limited
  • CLSA India Private Limited
  • HDFC Bank Limited
  • ICICI Securities Limited
  • IDFC Bank Limited
  • JM Financial Consultants Private Limited
  • Kotak Mahindra Capital Company Limited
  • Morgan Stanley India Company Pvt Ltd
  • Nomura Financial Advisory And Securities (India) Pvt Ltd
  • UBS Securities India Private Limited

Company Address:

Mindspace Business Parks
Raheja Tower, Level 8, Block 'G',
C-30, Bandra Kurla Complex,
Mumbai - 400 051
Phone: +91 2656 4000
Fax: +91 22 2656 4747
Compliance Officer: Vishal Kumar

Mindspace Business Parks REIT IPO FAQs:

When Mindspace REIT IPO will open for Anchor Investors?
The Anchor Investors bidding is on 24 July 2020.

When Mindspace REIT IPO will open for QIB, NII, and Retail?
The IPO to open on 27-July-2020 for QIB, NII, and Retail Investors.

What is Mindspace REIT IPO Investors Portion?
The investors' portion for QIB- %, NII-75%, and Retail-25%.

How to Apply the Mindspace Business Parks REIT IPO?
You can apply Mindspace Business Parks REIT IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Mindspace Business Parks REIT IPO Allotment Date?
Mindspace Business Parks REIT IPO allotment date is 06 August 2020. You can check IPO allotment here.

What is Mindspace REIT IPO Listing Date?
Mindspace REIT IPO listing date is 12 August 2020. The IPO to list on NSE and BSE.

Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (IPO GMP) will be added on the grey market page as it will start)