Mindspace REIT vs Rossari Biotech IPO

Comparision between Mindspace REIT and Rossari Biotech IPO.

IPO Details

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

	Mindspace REIT	Rossari Biotech IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	REIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	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	Axis Bank Limited ICICI Securities 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 Mindspace REIT is up to ₹4,500.00 Cr whereas the issue size of the Rossari Biotech IPO is up to ₹496.49 Cr. The final issue price of Mindspace REIT is ₹275.00 per share and of Rossari Biotech IPO is ₹425.00 per share.

	Mindspace REIT	Rossari Biotech IPO
Face Value		₹2 per share
Issue Price (Lower)	₹274.00 per share	₹423.00 per share
Issue Price (Upper)	₹275.00 per share	₹425.00 per share
Issue Price (Final)	₹275.00 per share	₹425.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	200 shares	35 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹50.00 Cr
OFS Issue Size		1,05,00,000 shares
OFS Issue Size (Amount)	up to ₹3,500.00 Cr
Issue Size Total		1,16,82,033 shares
Issue Size Total (Amount)	up to ₹4,500.00 Cr	up to ₹496.49 Cr

IPO Timetable

Mindspace REIT opens on Jul 27, 2020, while Rossari Biotech IPO opens on Jul 13, 2020. The closing date of Mindspace REIT and Rossari Biotech IPO is Jul 29, 2020, and Jul 15, 2020, respectively.

	Mindspace REIT	Rossari Biotech IPO
Anchor Bid Date
Issue Open	Jul 27, 2020	Jul 13, 2020
Issue Close	Jul 29, 2020	Jul 15, 2020
Basis Of Allotment (Tentative)	Aug 06, 2020	Jul 20, 2020
Initiation of Refunds (Tentative)	Aug 07, 2020	Jul 21, 2020
Credit of Share (Tentative)	Aug 07, 2020	Jul 22, 2020
Listing date (Tentative)	Aug 07, 2020	Jul 23, 2020
Anchor Lockin End date 1	Sep 05, 2020	Aug 19, 2020
Anchor Lockin End date 2	Nov 04, 2020	Oct 18, 2020

Financials

Mindspace REIT P/E ratio is , as compared to Rossari Biotech IPO P/E ratio of 33.81.

Mindspace REIT

Rossari Biotech IPO

Financial

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

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	4,715.15	2489.45	1649.50	1308.94
Total Revenue	6,038.18	5171.24	3004.29	2605.97
Profit After Tax	652.53	456.83	254.03	142.85

Promoter Shareholding (Pre-Issue)

95.06%

Promoter Shareholding (Post-Issue)

73%

P/E Ratio

33.81

Market Cap

₹23675.00 Cr.

₹2207.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Mindspace REIT retail investors (RII) are offered 0 shares while in Rossari Biotech IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 3,69,52,600 shares in Mindspace REIT and 23,35,294 shares in Rossari Biotech IPO.

	Mindspace REIT	Rossari Biotech IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,69,52,600 shares	23,35,294 shares
NII	3,07,93,800 shares	17,51,471 shares
RII	0 shares	40,86,765 shares
Employee	0 shares	0 shares
Others
Total	6,77,46,400 shares	81,73,530 shares

Bids Received (Subscription)

Mindspace REIT subscribed 12.96x in total, whereas Rossari Biotech IPO subscribed 79.37x.

	Mindspace REIT	Rossari Biotech IPO
QIB (times)	10.61x	85.26x
NII (times)	15.51x	239.83x
Big NII (times)
Small NII (times)
RII (times)		7.23x
Employee (times)
Other (times)
Total (times)	12.96x	79.37x

Compare with others

Mindspace REIT	Rossari Biotech IPO
Route Mobile IPO	Happiest Minds IPO
Angel One IPO	CAMS IPO
Happiest Minds IPO	UTI AMC IPO
CAMS IPO	Mindspace REIT
UTI AMC IPO	Yes Bank FPO
Yes Bank FPO	Equitas Small Finance Bank IPO
Rossari Biotech IPO	Prince Pipes IPO
Equitas Small Finance Bank IPO	SBI Cards IPO
Prince Pipes IPO	Ujjivan Bank IPO
SBI Cards IPO	CSB Bank IPO

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