Happiest Minds IPO vs Mindspace REIT

Comparision between Happiest Minds IPO and Mindspace REIT.

IPO Details

Happiest Minds 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.

	Happiest Minds 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	ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	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	Kfin Technologies Limited
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 Happiest Minds IPO is up to ₹702.02 Cr whereas the issue size of the Mindspace REIT is up to ₹4,500.00 Cr. The final issue price of Happiest Minds IPO is ₹166.00 per share and of Mindspace REIT is ₹275.00 per share.

	Happiest Minds IPO	Mindspace REIT
Face Value	₹2 per share
Issue Price (Lower)	₹165.00 per share	₹274.00 per share
Issue Price (Upper)	₹166.00 per share	₹275.00 per share
Issue Price (Final)	₹166.00 per share	₹275.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	90 shares	200 shares
Fresh Issue Size	66,26,506 shares
Fresh Issue Size (Amount)	up to ₹110.00 Cr	up to ₹1,000.00 Cr
OFS Issue Size	3,56,63,585 shares
OFS Issue Size (Amount)	up to ₹592.02 Cr	up to ₹3,500.00 Cr
Issue Size Total	4,22,90,091 shares
Issue Size Total (Amount)	up to ₹702.02 Cr	up to ₹4,500.00 Cr

IPO Timetable

Happiest Minds IPO opens on Sep 07, 2020, while Mindspace REIT opens on Jul 27, 2020. The closing date of Happiest Minds IPO and Mindspace REIT is Sep 09, 2020, and Jul 29, 2020, respectively.

	Happiest Minds IPO	Mindspace REIT
Anchor Bid Date
Issue Open	Sep 07, 2020	Jul 27, 2020
Issue Close	Sep 09, 2020	Jul 29, 2020
Basis Of Allotment (Tentative)	Sep 14, 2020	Aug 06, 2020
Initiation of Refunds (Tentative)	Sep 15, 2020	Aug 07, 2020
Credit of Share (Tentative)	Sep 15, 2020	Aug 07, 2020
Listing date (Tentative)	Sep 17, 2020	Aug 07, 2020
Anchor Lockin End date 1	Oct 14, 2020	Sep 05, 2020
Anchor Lockin End date 2	Dec 13, 2020	Nov 04, 2020

Financials

Happiest Minds IPO P/E ratio is , as compared to Mindspace REIT P/E ratio of .

Happiest Minds IPO

Mindspace REIT

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-Jun-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	5,730.8	5,081.5	4,135.2	3,869.9
Total Revenue	1,869.9	7,142.3	6,018.1	4,891.2
Profit After Tax	501.8	717.1	142.1	(224.7)

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)

61.77%

Promoter Shareholding (Post-Issue)

53.25%

P/E Ratio

Market Cap

₹23675.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Happiest Minds IPO retail investors (RII) are offered 42,29,009 shares while in Mindspace REIT retail investors are offered 42,29,009 shares. Qualified institutional buyers (QIB) are offered 1,26,87,028 shares in Happiest Minds IPO and 3,69,52,600 shares in Mindspace REIT.

	Happiest Minds IPO	Mindspace REIT
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,26,87,028 shares	3,69,52,600 shares
NII	63,43,513 shares	3,07,93,800 shares
RII	42,29,009 shares	0 shares
Employee	0 shares	0 shares
Others
Total	2,32,59,550 shares	6,77,46,400 shares

Bids Received (Subscription)

Happiest Minds IPO subscribed 150.98x in total, whereas Mindspace REIT subscribed 12.96x.

	Happiest Minds IPO	Mindspace REIT
QIB (times)	77.43x	10.61x
NII (times)	351.46x	15.51x
Big NII (times)
Small NII (times)
RII (times)	70.94x
Employee (times)
Other (times)
Total (times)	150.98x	12.96x

Compare with others

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

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