Angel One IPO vs Mindspace REIT

Comparision between Angel One IPO and Mindspace REIT.

IPO Details

Angel One IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mindspace REIT is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Angel One IPO	Mindspace REIT
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	REIT
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Edelweiss Financial Services Ltd ICICI Securities Limited SBI Capital Markets Limited	Ambit Private Limited Axis Capital Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Hdfc Bank Limited ICICI Securities Limited Idfc Bank Limited Jm Financial 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
Registrar	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Angel One IPO is up to ₹600.00 Cr whereas the issue size of the Mindspace REIT is up to ₹4,500.00 Cr. The final issue price of Angel One IPO is ₹306.00 per share and of Mindspace REIT is ₹275.00 per share.

	Angel One IPO	Mindspace REIT
Face Value	₹10 per share
Issue Price (Lower)	₹305.00 per share	₹274.00 per share
Issue Price (Upper)	₹306.00 per share	₹275.00 per share
Issue Price (Final)	₹306.00 per share	₹275.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	49 shares	200 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹1,000.00 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹3,500.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹600.00 Cr	up to ₹4,500.00 Cr

IPO Timetable

Angel One IPO opens on Sep 22, 2020, while Mindspace REIT opens on Jul 27, 2020. The closing date of Angel One IPO and Mindspace REIT is Sep 24, 2020, and Jul 29, 2020, respectively.

	Angel One IPO	Mindspace REIT
Anchor Bid Date
Issue Open	Sep 22, 2020	Jul 27, 2020
Issue Close	Sep 24, 2020	Jul 29, 2020
Basis Of Allotment (Tentative)	Sep 29, 2020	Aug 06, 2020
Initiation of Refunds (Tentative)	Sep 30, 2020	Aug 07, 2020
Credit of Share (Tentative)	Oct 01, 2020	Aug 07, 2020
Listing date (Tentative)	Oct 05, 2020	Aug 07, 2020
Anchor Lockin End date 1	Oct 29, 2020	Sep 05, 2020
Anchor Lockin End date 2	Dec 28, 2020	Nov 04, 2020

Financials

Angel One IPO P/E ratio is , as compared to Mindspace REIT P/E ratio of .

Angel One IPO

Mindspace REIT

Financial

Summary of financial Information (Restated)

Particulars	For the year/period ended (Rs in Million)
	30 June 2020	31 March 2020	31 March 2019	31 March 2018
Total Assets	29,731.02	21,592.05	21,690.56	22,828.67
Total Revenue	2,440.86	7,427.79	7,626.47	7,536.55
Profit After Tax	381.83	866.24	766.94	1,010.52

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-20	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	1,12,224	91,437	84,738	81,293
Total Revenue	20,262	16,797	15,022	14,354
Profit After Tax	5,139	5,154	1,610	2,313

Promoter Shareholding (Pre-Issue)

65.42%

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

₹23675.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Angel One IPO retail investors (RII) are offered 68,85,246 shares while in Mindspace REIT retail investors are offered 68,85,246 shares. Qualified institutional buyers (QIB) are offered 39,34,425 shares in Angel One IPO and 3,69,52,600 shares in Mindspace REIT.

	Angel One IPO	Mindspace REIT
Anchor Investor Reserveration
Market Maker Reserveration
QIB	39,34,425 shares	3,69,52,600 shares
NII	29,50,820 shares	3,07,93,800 shares
RII	68,85,246 shares	0 shares
Employee	0 shares	0 shares
Others
Total	1,37,70,491 shares	6,77,46,400 shares

Bids Received (Subscription)

Angel One IPO subscribed 3.94x in total, whereas Mindspace REIT subscribed 12.96x.

	Angel One IPO	Mindspace REIT
QIB (times)	5.74x	10.61x
NII (times)	0.69x	15.51x
Big NII (times)
Small NII (times)
RII (times)	4.31x
Employee (times)
Other (times)
Total (times)	3.94x	12.96x

Compare with others

Angel One IPO	Mindspace REIT
Gland Pharma IPO	Route Mobile IPO
Mazagon Dock IPO	Angel One IPO
Likhitha Infrastructure IPO	Happiest Minds IPO
Chemcon IPO	CAMS IPO
Route Mobile IPO	UTI AMC IPO
Happiest Minds IPO	Yes Bank FPO
CAMS IPO	Rossari Biotech IPO
UTI AMC IPO	Equitas Small Finance Bank IPO
Mindspace REIT	Prince Pipes IPO
Yes Bank FPO	SBI Cards IPO

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