| Issue Date | 27/07/2020 - 29/07/2020 |
| Issue Size | ₹4500.00 Cr |
| Issue Price | ₹274-275 |
| Market Lot | 200 Shares |
| Shares on Offer | |
| Registrar | KFintech |
| GMP | N/A |
| Kostak | N/A |
| Subject to Sauda | N/A |
| Listing Date | 07 Aug 2020 |
| Listing Price | ₹304 |
| Listing Gain% | 10.55 |
The Mindspace Business Parks REIT, backed by Mumbai-based real estate firm K Raheja Corp and private equity firm Blackstone, filed its final offer document with markets regulator Securities and Exchange Board of India (SEBI) on July 17 to launch its public issue to raise up to Rs 4,500 crore.
Mindspace Business Parks REIT has a quality office portfolio in Mumbai, Hyderabad, Pune and Chennai. The business parks in Mumbai are Mindspace Airoli East Business Park, Mindspace Airoli West Business Park, Paradigm Mindspace Malad and The Square, BKC(2).
The properties in the Pune include Commerzone Yerwada Business Park, Gera Commerzone Kharadi Business Park and The Square, Nagar Road. The Chennai property of the company is Commerzone Porur. And, the office parks in Hydrabad are Commerzone Pocharam and Mindspace Madhapur.
The total leasable area of Mindspace Business Parks are 12.1 msf, 11.6 msf, 5.0 msf and 0.8 msf in Mumbai, Hyderabad, Pune and Chennai, respectively. With total leasable area of 29.5 msf, it is one of the largest Grade-A office portfolios in India.
The under-construction area of the company is 2.8 m sq ft. The future construction of Mindspace Business is spread across Hyderabad, Chennai, and Mumbai in a 3.6 m sq ft area.
| Particulars | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Total Assets (In ₹ Millions) | 91,437 | 84,738 | 81,293 |
| Total Revenue (In ₹ Millions) | 16,797 | 15,022 | 14,354 |
| Profit After Tax (PAT) (In ₹ Millions) | 5,154 | 1,610 | 2,313 |
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - 27 July 2020 | 0.37 | 0.40 | 0.39 | |
| Day 2 - 28 July 2020 | 0.83 | 1.65 | 1.23 | |
| Day 3 - 29 July 2020 | 10.61 | 15.51 | 12.96 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusMindspace Business Parks REIT IPO will open on 27/07/2020 and close on 29/07/2020.
Mindspace Business Parks REIT IPO will list on 07 Aug 2020.
The offer price of Mindspace Business Parks REIT IPO is ₹274-275.
The lot size of Mindspace Business Parks REIT IPO is 200.
The Grey Market Premium (GMP) price of Mindspace Business Parks REIT IPO is Not Available at the moment.
The Kostak price of Mindspace Business Parks REIT IPO is Not Available at the moment.
The Subject to Sauda price for Mindspace Business Parks REIT IPO is Not Available at the moment.
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