Mindspace REIT vs UTI AMC IPO

Comparision between Mindspace REIT and UTI AMC IPO.

IPO Details

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

	Mindspace REIT	UTI AMC 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 Capital Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets 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 Mindspace REIT is up to ₹4,500.00 Cr whereas the issue size of the UTI AMC IPO is up to ₹2,159.88 Cr. The final issue price of Mindspace REIT is ₹275.00 per share and of UTI AMC IPO is ₹554.00 per share.

	Mindspace REIT	UTI AMC IPO
Face Value		₹10 per share
Issue Price (Lower)	₹274.00 per share	₹552.00 per share
Issue Price (Upper)	₹275.00 per share	₹554.00 per share
Issue Price (Final)	₹275.00 per share	₹554.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	200 shares	27 shares
Fresh Issue Size
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		3,89,87,081 shares
Issue Size Total (Amount)	up to ₹4,500.00 Cr	up to ₹2,159.88 Cr

IPO Timetable

Mindspace REIT opens on Jul 27, 2020, while UTI AMC IPO opens on Sep 29, 2020. The closing date of Mindspace REIT and UTI AMC IPO is Jul 29, 2020, and Oct 01, 2020, respectively.

	Mindspace REIT	UTI AMC IPO
Anchor Bid Date
Issue Open	Jul 27, 2020	Sep 29, 2020
Issue Close	Jul 29, 2020	Oct 01, 2020
Basis Of Allotment (Tentative)	Aug 06, 2020	Oct 07, 2020
Initiation of Refunds (Tentative)	Aug 07, 2020	Oct 08, 2020
Credit of Share (Tentative)	Aug 07, 2020	Oct 09, 2020
Listing date (Tentative)	Aug 07, 2020	Oct 12, 2020
Anchor Lockin End date 1	Sep 05, 2020	Nov 06, 2020
Anchor Lockin End date 2	Nov 04, 2020	Jan 05, 2021

Financials

Mindspace REIT P/E ratio is , as compared to UTI AMC IPO P/E ratio of .

Mindspace REIT

UTI AMC 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)
	30-June-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	32,634.28	31,549.18	30,132.63	29,192.52
Total Revenue	2,710.68	8,909.61	10,808.94	11,627.47
Profit After Tax	1,010.75	2,764.85	3,479.27	4,050.91

Promoter Shareholding (Pre-Issue)

98.96%

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

₹23675.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Mindspace REIT retail investors (RII) are offered 0 shares while in UTI AMC IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 3,69,52,600 shares in Mindspace REIT and in UTI AMC IPO.

	Mindspace REIT	UTI AMC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,69,52,600 shares
NII	3,07,93,800 shares
RII	0 shares
Employee	0 shares	2,00,000 shares
Others
Total	6,77,46,400 shares	3,87,87,081 shares

Bids Received (Subscription)

Mindspace REIT subscribed 12.96x in total, whereas UTI AMC IPO subscribed 2.31x.

	Mindspace REIT	UTI AMC IPO
QIB (times)	10.61x	3.34x
NII (times)	15.51x	0.93x
Big NII (times)
Small NII (times)
RII (times)		2.32x
Employee (times)		1.34x
Other (times)
Total (times)	12.96x	2.31x

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UTI AMC IPO	CAMS IPO
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