Comparison between Mindspace Business REIT and Route Mobile IPO.
Mindspace Business REIT is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Route Mobile IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Mindspace Business REIT is up to ₹4,500.00 Cr whereas the issue size of the Route Mobile IPO is up to ₹600.00 Cr. The final issue price of Mindspace Business REIT is ₹275.00 per share and of Route Mobile IPO is ₹350.00 per share.
| Mindspace Business REIT | Route Mobile IPO | |
|---|---|---|
| Face Value | ₹10 per share | |
| Issue Price (Lower) | ₹274.00 per share | ₹345.00 per share |
| Issue Price (Upper) | ₹275.00 per share | ₹350.00 per share |
| Issue Price (Final) | ₹275.00 per share | ₹350.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 200 shares | 40 shares |
| Fresh Issue Size | 3,63,63,600 shares | 68,57,142 shares |
| Fresh Issue Size (Amount) | up to ₹1,000.00 Cr | up to ₹240.00 Cr |
| OFS Issue Size | 12,72,72,600 shares | 1,02,85,714 shares |
| OFS Issue Size (Amount) | up to ₹3,500.00 Cr | up to ₹360.00 Cr |
| Issue Size Total | 16,36,36,200 shares | 1,71,42,856 shares |
| Issue Size Total (Amount) | up to ₹4,500.00 Cr | up to ₹600.00 Cr |
Mindspace Business REIT opens on Jul 27, 2020, while Route Mobile IPO opens on Sep 09, 2020. The closing date of Mindspace Business REIT and Route Mobile IPO is Jul 29, 2020, and Sep 11, 2020, respectively.
| Mindspace Business REIT | Route Mobile IPO | |
|---|---|---|
| Anchor Bid Date | Sep 08, 2020 | |
| Issue Open | Jul 27, 2020 | Sep 09, 2020 |
| Issue Close | Jul 29, 2020 | Sep 11, 2020 |
| Basis Of Allotment (Tentative) | Aug 06, 2020 | Sep 16, 2020 |
| Initiation of Refunds (Tentative) | Aug 07, 2020 | Sep 17, 2020 |
| Credit of Share (Tentative) | Aug 07, 2020 | Sep 18, 2020 |
| Listing date (Tentative) | Aug 07, 2020 | Sep 21, 2020 |
| Anchor Lockin End date 1 | Sep 05, 2020 | Oct 16, 2020 |
| Anchor Lockin End date 2 | Nov 04, 2020 | Dec 15, 2020 |
Mindspace Business REIT P/E ratio is , as compared to Route Mobile IPO P/E ratio of .
| Mindspace Business REIT | Route Mobile IPO | |
|---|---|---|
| Financials | ||
| Promoter Shareholding (Pre-Issue) | 96 | |
| Promoter Shareholding (Post-Issue) | 66.33 | |
| P/E Ratio | ||
| Market Cap | ₹23675.00 Cr. | ₹1990.00 Cr. |
| ROE | ||
| ROCE | ||
| Debt/Equity | ||
| EPS | ||
| RoNW |
In the Mindspace Business REIT Retail Individual Investors (RII) are offered 0 shares while in Route Mobile IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 3,68,18,200 shares in Mindspace Business REIT and 34,28,571 shares in Route Mobile IPO.
| Mindspace Business REIT | Route Mobile IPO | |
|---|---|---|
| Anchor Investor Reservation | 5,52,27,200 shares | 51,42,856 shares |
| Market Maker Reservation | 0 shares | |
| QIB | 3,68,18,200 shares | 34,28,571 shares |
| NII | 3,06,81,800 shares | 25,71,429 shares |
| RII | 0 shares | 60,00,000 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 16,36,36,200 shares | 1,71,42,856 shares |
Mindspace Business REIT subscribed 5.36x in total, whereas Route Mobile IPO subscribed 52.05x.
| Mindspace Business REIT | Route Mobile IPO | |
|---|---|---|
| QIB (times) | 10.65x | 91.06x |
| NII (times) | 15.57x | 195.61x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 12.85x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 5.36x | 52.05x |
