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Open
27 Jul 2020
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Close
29 Jul 2020
3
Allotment
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Listing
Fri, Aug 7, 2020
Price Band
₹274.00 to ₹275.00
Issue Size
16,36,36,200 shares (agg. up to ₹4,500 Cr)
Lot Size
200 Shares
Listing Date
Fri, Aug 7, 2020
Latest GMP
₹0
✦ AI Insight
GMP Trend
06-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 5.91x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Partial or full pre-payment or scheduled repayment of certain debt facilities of the Asset SPVs availed from banks/financial institutions(including any accrued interest and any applicable penalties/ premium) | 900.00 |
| 2 | Purchase of NCRPS of MBPPL; | 33.40 |
| 3 | General purposes | 34.80 |
About Mindspace Business REIT
Mindspace Business Parks REIT has a quality office portfolio in Mumbai, Hyderabad, Pune and Chennai. The business parks in Mumbai are Mindspace Airoli East Business Park, Mindspace Airoli West Business Park, Paradigm Mindspace Malad and The Square, BKC(2). The properties in the Pune include Commerzone Yerwada Business Park, Gera Commerzone Kharadi Business Park and The Square, Nagar Road. The Chennai property of the company is Commerzone Porur. And, the office parks in Hydrabad are Commerzone Pocharam and Mindspace Madhapur. The total leasable area of Mindspace Business Parks are 12.1 msf, 11.6 msf, 5.0 msf and 0.8 msf in Mumbai, Hyderabad, Pune and Chennai, respectively. With total leasable area of 29.5 msf, it is one of the largest Grade-A office portfolios in India. The under-construction area of the company is 2.8 m sq ft. The future construction of Mindspace Business is spread across Hyderabad, Chennai, and Mumbai in a 3.6 m sq ft area.Real Estate Investment Trust (REIT) ExplainedUnder the REIT Regulations Mindspace REIT has to invest a minimum of 80% of the value of its assets in completed and rent and/ or income-generating properties.REIT Regulations also impose restrictions
Contact Details
Mindspace Business Parks AddressRaheja Tower, Level 8, Block 'G',C-30, Bandra Kurla Complex,Mumbai - 400 051Mumbai, Maharashtra, 40005+91 2656 4000reitcompliance@mindspacereit.comVisit Website