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

IPO Initial Public Offerings
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
    RevenueExpensePAT
    2016
    2017
    2018150247711
    2019168041831
    2020202665425

    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
    Serilingampally,
    Hyderabad 500 032, Rangareddi Telangana, India
    Phone: +91 40 6716 2222
    Email: [email protected]
    Website: http://www.kfintech.com

    Note:
     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
    Email: [email protected]
    Website: https://www.mindspacereit.com/

    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)

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