Mindspace REIT Offer Details

Mindspace REITMindspace Business Parks REIT description – Mindspace owns a quality office portfolio in four key office markets of India, namely Mumbai Region, Hyderabad, Pune and Chennai. Its portfolio has total leasable area of 29.5 msf, including 23 msf of completed area, 2.8 msf of under construction area and 3.6 msf of future development area. As of 31 March 2020, the company counted 172 tenants in its portfolio which is stabilized with 92.0% Committed Occupancy. Approximately 84.9% of its Gross Contracted Rentals were derived from leading multinational corporations and approximately 39.4% from Fortune 500 companies, including affiliates of Accenture, Qualcomm, BA Continuum, JP Morgan, Amazon, Schlumberger, UBS, Capgemini, Facebook, Barclays and BNY Mellon.

Sponsors of Mindspace Business Parks REIT – Cape Trading LLP & Anbee Constructions LLP
Manager of Mindspace Business Parks REIT – K Raheja Corp Investment Managers LLP
Mindspace Business Parks REIT IPO details
Subscription Dates 27 – 29 July 2020
Price Band INR274 – 275 per unit
Fresh issue INR1,000 crore
Offer For Sale INR3,500 crore
Total IPO size INR4,500 crore
Minimum bid (lot size) 200 units
Face Value  Not applicable
Retail Allocation 25%
Listing On NSE, BSE

Mindspace Business Parks REIT’s financial performance (in INR crore)

    FY2018 FY2019 FY2020
Revenue   1,502.2 1,679.7 2,026.2
Expenses   477.3 418.3 654.4
Comprehensive income   161.0 515.4 514.0
Net margin (%)   10.7 30.7 25.4

Mindspace Business Parks REIT Contact Details

Mindspace Business Parks REIT 
Rahej A Tower, Level 8
Block ‘G’, C-30, Bandra Kurla Complex Mumbai – 400 051
Phone: +91 2656 4000
Email: [email protected] Website: www.mindspacereit.com

Registrar of Mindspace Business Parks REIT IPO

KFin Technologies Private Limited 
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com

Mindspace Business Parks REIT IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3  
Institutional Investors 36,952,600 0.37 0.83 10.61  
Non-Institutional Investors 30,793,800 0.40 1.65 15.51  
Total 67,746,400 0.39 1.23 12.96  

Mindspace Business Parks REIT IPO Allotment Status

Mindspace Business Parks REIT IPO allotment status is now available on KFin Technologies’ website. Click on this link to get allotment status.

Listing Performance of Mindspace Business Parks REIT

IPO Opening Date: 27 July 2020
IPO Closing Date: 29 July 2020
Finalisation of Basis of Allotment: 6 August 2020
Designated Date: 7 August 2020
Closing Date: 7 August 2020
Initiation of refunds
: 7 August 2020
Listing Date: 7 August 2020
Opening Price on NSE: INR302 per unit (up 9.81% from IPO price) 
Closing Price on NSE: INR303 per unit (up 10.18% from IPO price)

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