Mindspace REIT IPO: Mindspace IPO DATE, REVIEW, GMP, PRICE BAND DETAILS

Mindspace IPO from Mindspace Business Parks REIT, IPO Review, Dates, Price Bands, Market Lot, Mindspace REIT IPO Grey Market Price Details

Mindspace Business Parks REIT, backed by Mumbai-based realtor K Raheja Corp and private equity firm Blackstone Group, is expected to launch its initial public offering (IPO) in July-end to raise Rs 4,500 crore. K Raheja Corp has filed the offer document with SEBI for the proposed IPO.

Mindspace Business Parks REIT, after filing a revised draft prospectus with the Securities and Exchange Board of India (SEBI), has made it clear that it is not looking to hold back on its proposed initial public offering (IPO).

The IPO will include a fresh issue of Rs 1,000 crore, and an offer for sale (OFS), where existing shareholders will part with some of their holdings. Mindspace Business Parks REIT is a joint venture owned by real estate developer K Raheja Group and private equity firm Blackstone Group. Earlier the company had filed a draft prospectus with SEBI in December last year.

  • Issue opens on: July 27, 2020
  • Issue closes on: July 29, 2020
  • Fresh issue: Rs 1,000 crore
  • Offer for sale: Rs 3,500 crore
  • Listing on: NSE, BSE

https://www.sebi.gov.in/filings/reit-issues/jul-2020/mindspace-business-parks-reit_47079.html

About Mindspace Business Parks REIT

They own a quality office portfolio located in four key office markets of India. Their Portfolio has Total Leasable Area of 29.5 msf and is one of the largest Grade-A office portfolios in India.

This Company’s Portfolio comprises 19.8 msf of Completed Area, 6.1 msf of Under Construction Area and 3.6 msf of Future Development Area.

Their Portfolio has five integrated business parks with superior infrastructure and amenities (such as restaurants, crèches and outdoor sports arenas) and five quality independent offices.

This company’s assets provide a community-based ecosystem and they believe that they have been developed to meet the evolving standards of tenants and the demands of “new age businesses”, which makes them among the preferred options for both multinational and domestic corporations.

Mindspace REIT IPO Details

Mindspace REIT IPO details
Subscription Dates 27 – 29 July 2020
Price Band INR  274 – 275 per share
Fresh issue INR 1000 crore
Offer For Sale  3500 crore
Total IPO size INR 4500 crore
Minimum bid (lot size)  200 shares
Face Value   NA
Retail Allocation 25%
Listing On NSE, BSE

Mindspace REIT IPO Dates

  • IPO Opening Date: 27 July 2020
  • IPO Closing Date: 29 July 2020
  • Finalisation of Basis of Allotment: 6 August 2020
  • Initiation of refunds: 7 August 2020
  • Credit to Demat Account: 10 August 2020
  • Listing Date: 12 August 2020
Mindspace REIT financial
Mindspace REIT IPO Financials 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹11,222.5 Cr. ₹9,143.7 Cr. ₹8,473.8 Cr.
Total Revenue ₹2,026.2 Cr. ₹1,679.7 Cr. ₹1,502.2 Cr.
Net Profit/Loss ₹513.9 Cr. ₹515.4 Cr. ₹161.0 Cr.
  • Mindspace REIT IPO Draft Prospectus >>Document

How to Apply for Mindspace REIT IPO?

If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in Mindspace REIT IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.

How to apply Mindspace REIT IPO with Zerodha?

Zerodha customers cannot apply online in Mindspace REIT using UPI as a payment gateway. UPI is not an option in Mindspace REIT public issue. Zerodha customers have to apply through net-banking.

Steps to apply in Mindspace REIT through Zerodha
Login to your net-banking account.
Go to the IPO section.
Go to the ‘Mindspace REIT’ row and click the ‘Apply’ button.
Enter the Quantity and Price.
‘Submit’ IPO application form.

Bank wise detail steps to apply in Mindspace REIT
SBI Bank
ICICI Bank
HDFC Bank
Kotak Bank
Axis Bank.

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.

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Summary of Mindspace REIT IPO

How to check Mindspace Business Parks REIT IPO Allotment Status?

Mindspace Business Parks REIT IPO allotment status will be available on KFin Technologies’ website. Click on https://corpreg.karvy.com/ipostatus/ to get allotment status.

Mindspace Business Parks REIT IPO –

Promoters The Sponsors of this company are:

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

Mindspace REIT IPO GMP Rates day by day with Kotak rates

Mindspace REIT IPO GMP Today, Mindspace REIT IPO Grey Market Premium Updates

Grey market premium as on today is ₹10-15, Kostak ₹200 & Subject to Sauda is ₹2000.

Mindspace REIT IPO Allotment Status, Date & Basis of Allotment Details

Mindspace REIT IPO allotment status online. You can check Mindspace REIT allotment via application number or pan card.

Mindspace Business Parks REIT IPO Allotment & Listing Details:

Mindspace REIT IPO allotment date is 6 August 2020 but the allotment might come on 7 Aug 2020. As per the subscription numbers, the basis of allotment Mindspace REIT IPO is around N/A.
Mindspace REIT IPO Allotment Date
6-Aug-20
Mindspace REIT Listing Date 12-Aug-20
 
Log on to https://ris.kfintech.com/ipostatus/ and https://karisma.kfintech.com/allotmentadvice.aspx

Note: Mindspace Business Parks REIT IPO Allotment Status will be available whenever the Registrar of IPO will put on their official sites.

Mindspace Business Parks 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
Email: reitcompliance@mindspacereit.com
Website: https://www.mindspacereit.com/

Mindspace Business Parks REIT IPO Registrar to Offer

Registrar to the Offer
KFin Technologies Private Limited 
Selenium Tower B Plot 31 & 32, Gachibowli Financial District,
Nanakramguda, Serilingampally, Hyderabad 500 032
Tel: +91 40 6716 2222, Fax: +91 40 2343 1551
E-mail: kraheja.reit@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.karvyfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221

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Mindspace Business Parks REIT IPO FAQs:

How to apply in Mindspace REIT through Zerodha?

Zerodha customers cannot apply online in Mindspace REIT using UPI as a payment gateway. UPI is not an option in Mindspace REIT public issue.

Zerodha customers have to apply through net-banking.
Steps to apply in Mindspace REIT through Zerodha
Login to your net-banking account.
Go to the IPO section.
Go to the ‘Mindspace REIT’ row and click the ‘Apply’ button.
Enter the Quantity and Price.
‘Submit’ IPO application form.
Bank wise detail steps to apply in Mindspace REIT
SBI Bank
ICICI Bank
HDFC Bank
Kotak Bank
Axis Bank

When Mindspace REIT will open?

The Mindspace REIT opens on Jul 27, 2020 and closes on Jul 29, 2020.

What is the lot size of Mindspace REIT?

Mindspace REIT lot size is 200 Shares and the minimum order quantity is 200 Shares.

How to apply for Mindspace REIT?

You can apply in Mindspace REIT online using ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. Note that UPI is not an option in Mindspace REIT public issue. Read more detail about apply IPO online through ICICI Bank, HDFC Bank, SBI Bank, Kotak Bank and Axis Bank.

What is Mindspace Business Parks REIT IPO Allotment Date?

Mindspace Business Parks REIT IPO allotment date is 6 August 2020.

What is Mindspace REIT IPO Listing Date?

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