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Happiest Minds IPO vs Mindspace REIT

Comparision between Happiest Minds IPO and Mindspace REIT.

IPO Details

Happiest Minds IPO 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.

Issue Size and Price

The total issue size of Happiest Minds IPO is up to ₹702.02 Cr whereas the issue size of the Mindspace REIT is up to ₹4,500.00 Cr. The final issue price of Happiest Minds IPO is ₹166.00 per share and of Mindspace REIT is ₹275.00 per share.

  Happiest Minds IPO Mindspace REIT
Face Value ₹2 per share
Issue Price (Lower) ₹165.00 per share ₹274.00 per share
Issue Price (Upper) ₹166.00 per share ₹275.00 per share
Issue Price (Final) ₹166.00 per share ₹275.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 90 shares 200 shares
Fresh Issue Size 66,26,506 shares
Fresh Issue Size (Amount) up to ₹110.00 Cr up to ₹1,000.00 Cr
OFS Issue Size 3,56,63,585 shares
OFS Issue Size (Amount) up to ₹592.02 Cr up to ₹3,500.00 Cr
Issue Size Total 4,22,90,091 shares
Issue Size Total (Amount) up to ₹702.02 Cr up to ₹4,500.00 Cr

IPO Timetable

Happiest Minds IPO opens on Sep 07, 2020, while Mindspace REIT opens on Jul 27, 2020. The closing date of Happiest Minds IPO and Mindspace REIT is Sep 09, 2020, and Jul 29, 2020, respectively.

  Happiest Minds IPO Mindspace REIT
Anchor Bid Date
Issue Open Sep 07, 2020 Jul 27, 2020
Issue Close Sep 09, 2020 Jul 29, 2020
Basis Of Allotment (Tentative) Sep 14, 2020 Aug 06, 2020
Initiation of Refunds (Tentative) Sep 15, 2020 Aug 07, 2020
Credit of Share (Tentative) Sep 15, 2020 Aug 07, 2020
Listing date (Tentative) Sep 17, 2020 Aug 07, 2020
Anchor Lockin End date 1 Oct 14, 2020 Sep 05, 2020
Anchor Lockin End date 2 Dec 13, 2020 Nov 04, 2020

Financials

Happiest Minds IPO P/E ratio is , as compared to Mindspace REIT P/E ratio of .

  Happiest Minds IPO Mindspace REIT
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Million)
30-Jun-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 5,730.8 5,081.5 4,135.2 3,869.9
Total Revenue 1,869.9 7,142.3 6,018.1 4,891.2
Profit After Tax 501.8 717.1 142.1 (224.7)
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) 61.77%
Promoter Shareholding (Post-Issue) 53.25%
P/E Ratio
Market Cap ₹23675.00 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Happiest Minds IPO retail investors (RII) are offered 42,29,009 shares while in Mindspace REIT retail investors are offered 42,29,009 shares. Qualified institutional buyers (QIB) are offered 1,26,87,028 shares in Happiest Minds IPO and 3,69,52,600 shares in Mindspace REIT.

  Happiest Minds IPO Mindspace REIT
Anchor Investor Reserveration
Market Maker Reserveration
QIB 1,26,87,028 shares 3,69,52,600 shares
NII 63,43,513 shares 3,07,93,800 shares
RII 42,29,009 shares 0 shares
Employee 0 shares 0 shares
Others
Total 2,32,59,550 shares 6,77,46,400 shares

Bids Received (Subscription)

Happiest Minds IPO subscribed 150.98x in total, whereas Mindspace REIT subscribed 12.96x.

  Happiest Minds IPO Mindspace REIT
QIB (times) 77.43x 10.61x
NII (times) 351.46x 15.51x
Big NII (times)
Small NII (times)
RII (times) 70.94x
Employee (times)
Other (times)
Total (times) 150.98x 12.96x

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