About Mindspace Business Parks REIT (Mindspace REIT)

Mindspace Business Parks REIT, primarily promoted by K Raheja Corp Group. Mindspace REIT was settled on November 18, 2019 at Mumbai, Maharashtra, India as a contributory determinate irrevocable trust under the provisions of the Indian Trusts Act, 1882, pursuant to a trust deed dated November 18, 2019. Mindspace REITwas registered with SEBI onDecember 10, 2019, at Mumbai as a REIT pursuant to the REIT Regulations having registration number IN/REIT/19-20/0003. Mindspace REIThas been settled by the Sponsors for an initial sum of ₹10,000.

About Sponsors

Anbee Constructions LLP (“ACL”) and Cape Trading LLP (“CTL”) are the Sponsors of the Mindspace Business Parks REIT. Both ACL and CTL form part of the K Raheja Corp Group. As on date of this Draft Offer Document: CTL and ACL are the sponsors of Mindspace REIT; K Raheja Corp Investment Managers LLP (held by Mr. Ravi C. Raheja and Mr. Neel C. Raheja, as the partners) has been appointed as the Manager to Mindspace REIT; and Axis Trustee Services Limited has been appointed as the Trustee to Mindspace REIT.

Disclaimer: Investment in REIT is not similar to Normal IPO. Risk and rewards are different in REIT's. One should always keep in mind and read DRHP about REIT structure and investment process and make own decision before investing.

Key Business Area

Mindspace REIT own a quality office portfolio located in four key office markets of India. Its portfolio has Total Leasable Area of 29.5mn sft and is one of the largest Grade-A office portfolios in India (Source: C&W Report). Portfolio comprises 19.8mn sft of Completed Area, 6.1 mn sft of Under Construction Area and 3.6mn sft of Future Development Area, as of June 30, 2019. Portfolio has five integrated business parks with superior infrastructure and amenities (such as restaurants, crèches and outdoor sports arenas) and five quality independent offices.

Key Business Portfolio

8 Special Purpose Vehicles (SPV)
10 Office Assets
Spread across Mumbai Region, Hyderabad, Pune and Chennai

Total Leaseable area: 29.5mn sft.
Completed area: 23mn sft.
Under construction area: 2.8mn sft.
3.6mn future development area

Portfolio

The table below also includes certain assets and businesses added post June 30, 2019. For details, please see notes below

Website: Click here

Key Financials

Particulars	FY20	FY19	FY18	FY17	FY16
Revenue	0	0	0	0	0
Revenue Growth YoY (%)
EBITDA
EBITDA Growth YoY (%)

Key Management

Name	Designation
Vinod Rohira	CEO
Ms. Preeti Chheda	CFO
-	-
-	-

IPO Snapshot

Responsive Table

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Particulars	Details
Opening Date	27-Jul-2020
Closing Date	29-Jul-2020
Face Value	Rs / Share
Price Band	Rs 274 to Rs 275/ unit
Bid Lot	200 units and multiples thereof
Minimum Bid Amount	Rs 54,800 - Rs 55,000/-
Listing on	BSE and NSE
Mode of Payment	UPI / ASBA (Mandatory)

Above details may change. Typo error could possible. Please contact us to update details

Issue Details

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Particulars	Details
Issue Size	~Rs 4,500/- Crores
QIB Portion (%)	75%
NII Portion (%)	25%
Retail Portion (%)	N/A
Employees Portion (%)	N/A
Existing Shareholders Portion (%)	N/A

Above details are indicative and may change

Tentative Dates

Below are the indicative dates for the IPO


Anchor Investors Bid/Offer	24-Jul-2020, Friday
Bid/Offer opening	27-Jul-2020, Monday
Bid/Offer closing	29-Jul-2020, Wednesday
Finalisation of Basis of Allotment	6-Aug-2020, Thursday
Initiation of Refunds	7-Aug-2020, Friday onwards
Credit of Shares to Demat Accounts	7-Aug-2020, Friday onwards
Listing on Stock Exchange/s	12-Aug-2020, Wednesday

Above dates are tentative and may change upon unforeseen circumstances

Subscription

Below are the figures of Subscriptions of IPO

Particulars	Details
QIB	10.65x
NII	15.57x
Retail	N/A
Employees	N/A
Existing Shareholders	N/A
Total	12.89x