One more IPO on this July Month || Mindspace REIT IPO || Open Date || Bid Price || Market Lot ||
First of all we understand What is REIT means?
REITs stands to Real Estate Investment Trust. In simple words REITs is a form of company that owns, operates and finances income generating Properties like apartment buildings, cell towers, data centers, hotels, medical facilities, offices, retail centers, and warehouses.
About the Mindspace company :-
Mindspace REIT is a Mumbai based company run by the K Raheja Corp and Blackston Group. It has many Business parks in different cities of India. Mindspace is a Big Real Estate player having largest Grade-A offices in Mumbai, Hyderabad, Pune and Chennai. Mindspace REIT come with a Rs. 4500/- crore IPO.
Mindspace has a revenue from rented land area of 29.5 million square feet in prime locations such as Hyderabad, Mumbai, Pune and Chennai.
Company strengths is based on Diversified and quality tenant base, A very Strong industry fundamentals with Experienced management team such as K Raheja group. K Raheja Corp is one of India’s leading developers.
Major Properties in Mumbai and Pune Held by Mindspace REITs includes
- Mindspace Airoli East Business Park,
- Mindspace Airoli West Business Park,
- Paradigm Mindspace Malad,
- Commerzone Yerwada Business Park,
- Gera Commerzone Kharadi Business Park
Mindspace IPO Dates, Price Band, Lot size :–
| Bid Open: | 27 July 2020 |
| Bid Close: | 29 July 2020 |
| IPO Size: | Approx ₹4500/- Crore |
| Price Band: | ₹274 – ₹275 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 25% |
| Others Portion: | 75% |
| Lot Size: | Minimum 200 Shares Maximum 500 Shares |
| Minimum Amount: | ₹55000/- |
| Maximum Amount: | ₹165000/- |
Mindspace IPO Tentative Date:-
| Finalisation of Basis of Allotment: | 06 August 2020 |
| Initiation of Refunds: | 07 August 2020 |
| Credit to Demat Account: | 10 August 2020 |
| IPO Listing Date: | 12 August 2020 |
How to Apply for Mindspace IPO:-
Any person who wants to apply for IPO can apply through his De-MAT account. Just simply login your De-MAT Account and Go to IPO section under Investment option and select open IPOs and make payment through UPI Apps. and 2nd ways to apply is through ASBA facility available in your Bank Account you have to just log in to your net banking and go to Investor option and select Mindspace REITs IPO, and if you have not Net banking then you can apply offline through Filling a simple form with your Brokers.
Company Registered 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
Email: reitcompliance@mindspacereit.com
Website: www.mindspacereit.com/
Mindspace REITs IPO book running 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
Our Review :-
Apply only for Listing gain.
!!!!!! Thank You !!!!
