Mindspace REIT vs Yes Bank FPO

Comparision between Mindspace REIT and Yes Bank FPO.

IPO Details

Mindspace REIT is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Yes Bank FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Mindspace REIT	Yes Bank FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	REIT	FPO
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 Bofa Securities India Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Yes Bank 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 Yes Bank FPO is up to ₹15,000.00 Cr. The final issue price of Mindspace REIT is ₹275.00 per share and of Yes Bank FPO is ₹12.00 per share.

	Mindspace REIT	Yes Bank FPO
Face Value		₹2 per share
Issue Price (Lower)	₹274.00 per share	₹12.00 per share
Issue Price (Upper)	₹275.00 per share	₹13.00 per share
Issue Price (Final)	₹275.00 per share	₹12.00 per share
Discount (Retail)
Discount (Employee)		₹1.00 per share
Market Lot Size	200 shares	1000 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹15,000.00 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹3,500.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹4,500.00 Cr	up to ₹15,000.00 Cr

IPO Timetable

Mindspace REIT opens on Jul 27, 2020, while Yes Bank FPO opens on Jul 15, 2020. The closing date of Mindspace REIT and Yes Bank FPO is Jul 29, 2020, and Jul 17, 2020, respectively.

	Mindspace REIT	Yes Bank FPO
Anchor Bid Date
Issue Open	Jul 27, 2020	Jul 15, 2020
Issue Close	Jul 29, 2020	Jul 17, 2020
Basis Of Allotment (Tentative)	Aug 06, 2020	Jul 22, 2020
Initiation of Refunds (Tentative)	Aug 07, 2020	Jul 23, 2020
Credit of Share (Tentative)	Aug 07, 2020	Jul 24, 2020
Listing date (Tentative)	Aug 07, 2020	Jul 27, 2020
Anchor Lockin End date 1	Sep 05, 2020	Aug 21, 2020
Anchor Lockin End date 2	Nov 04, 2020	Oct 20, 2020

Financials

Mindspace REIT P/E ratio is , as compared to Yes Bank FPO P/E ratio of .

Mindspace REIT

Yes Bank FPO

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
Total Assets	2,578,321.64	3,808,596.10	3,124,496.54
Total Revenue	103,350.56	144,879.93	130,323.20
Profit After Tax	(164,325.80)	17,092.66	42,332.20

Promoter Shareholding (Pre-Issue)

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 Yes Bank FPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 3,69,52,600 shares in Mindspace REIT and 2,75,12,82,051 shares in Yes Bank FPO.

	Mindspace REIT	Yes Bank FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,69,52,600 shares	2,75,12,82,051 shares
NII	3,07,93,800 shares	1,85,00,00,000 shares
RII	0 shares	4,31,66,66,667 shares
Employee	0 shares	18,18,18,181 shares
Others
Total	6,77,46,400 shares	9,09,97,66,899 shares

Bids Received (Subscription)

Mindspace REIT subscribed 12.96x in total, whereas Yes Bank FPO subscribed 0.93x.

	Mindspace REIT	Yes Bank FPO
QIB (times)	10.61x	1.90x
NII (times)	15.51x	0.63x
Big NII (times)
Small NII (times)
RII (times)		0.47x
Employee (times)		0.32x
Other (times)
Total (times)	12.96x	0.93x

Compare with others

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

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