ITI FPO vs Mindspace REIT

Comparision between ITI FPO and Mindspace REIT.

IPO Details

ITI FPO 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.

	ITI FPO	Mindspace REIT
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	REIT
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Bob Capital Markets Limited Karvy Investor Services Limited Pnb Investment Services 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

Issue Size and Price

The total issue size of ITI FPO is up to ₹1,399.86 Cr whereas the issue size of the Mindspace REIT is up to ₹4,500.00 Cr. The final issue price of ITI FPO is and of Mindspace REIT is ₹275.00 per share.

	ITI FPO	Mindspace REIT
Face Value	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹274.00 per share
Issue Price (Upper)	₹77.00 per share	₹275.00 per share
Issue Price (Final)		₹275.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	200 shares
Fresh Issue Size	18,00,00,000 shares
Fresh Issue Size (Amount)		up to ₹1,000.00 Cr
OFS Issue Size
OFS Issue Size (Amount)		up to ₹3,500.00 Cr
Issue Size Total	18,18,00,000 shares
Issue Size Total (Amount)	up to ₹1,399.86 Cr	up to ₹4,500.00 Cr

IPO Timetable

ITI FPO opens on Jan 24, 2020, while Mindspace REIT opens on Jul 27, 2020. The closing date of ITI FPO and Mindspace REIT is Feb 05, 2020, and Jul 29, 2020, respectively.

	ITI FPO	Mindspace REIT
Anchor Bid Date
Issue Open	Jan 24, 2020	Jul 27, 2020
Issue Close	Feb 05, 2020	Jul 29, 2020
Basis Of Allotment (Tentative)	Jan 31, 2020	Aug 06, 2020
Initiation of Refunds (Tentative)	Feb 03, 2020	Aug 07, 2020
Credit of Share (Tentative)	Feb 04, 2020	Aug 07, 2020
Listing date (Tentative)	Feb 05, 2020	Aug 07, 2020
Anchor Lockin End date 1	Mar 01, 2020	Sep 05, 2020
Anchor Lockin End date 2	Apr 30, 2020	Nov 04, 2020

Financials

ITI FPO P/E ratio is , as compared to Mindspace REIT P/E ratio of .

ITI FPO

Mindspace REIT

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	47,057.38	32,048.94	35,230.86	30,248.47
Total Revenue	18,116.17	20,887.16	17,903.11	6,640.29
Profit After Tax	2,305.64	2,663.91	2,372.18	(2,979.95)

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)

89.97%

Promoter Shareholding (Post-Issue)

74.83%

P/E Ratio

Market Cap

₹8307.00 Cr.

₹23675.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ITI FPO retail investors (RII) are offered 1,80,00,000 shares while in Mindspace REIT retail investors are offered 1,80,00,000 shares. Qualified institutional buyers (QIB) are offered 13,50,00,000 shares in ITI FPO and 3,69,52,600 shares in Mindspace REIT.

	ITI FPO	Mindspace REIT
Anchor Investor Reserveration
Market Maker Reserveration
QIB	13,50,00,000 shares	3,69,52,600 shares
NII	2,70,00,000 shares	3,07,93,800 shares
RII	1,80,00,000 shares	0 shares
Employee	18,00,000 shares	0 shares
Others
Total	18,18,00,000 shares	6,77,46,400 shares

Bids Received (Subscription)

ITI FPO subscribed 0.62x in total, whereas Mindspace REIT subscribed 12.96x.

	ITI FPO	Mindspace REIT
QIB (times)	0.63x	10.61x
NII (times)	0.23x	15.51x
Big NII (times)
Small NII (times)
RII (times)	1.06x
Employee (times)	0.98x
Other (times)
Total (times)	0.62x	12.96x

Compare with others

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Mindspace REIT	Angel One IPO
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IRCTC IPO	SBI Cards IPO

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