Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Mindspace Business Parks REIT / Equity Capital Markets

Mindspace Business Park REIT (MBP) aims to raise around US$500m via a mix of selling primary and secondary shares in its Indian IPO.MBP will own one of the largest Grade-A office portfolios in India with a total leasable area of 29.5 msf. Its portfolio comprises 19.8 msf of completed, 6.1 msf of under construction and 3.6 msf of future development area, as of Jun 2019. MBP’s portfolio contained five integrated business parks and five independent offices across four cities, Mumbai, Hyderabad, Pune and Chennai.The portfolio has shown decent growth in the past and has multiple levers to help it to continue growing, like increased completions, rental reversions and acquisitions. However, not all of the assets in the portfolio are so called prime assets, with its largest Mumbai assets being located far away from the CBD. In addition, not all the assets have been performing well either.

Mindspace Business Park REIT (MBP) aims to raise around US$500m via a mix of selling primary and secondary shares in its Indian IPO.MBP will own one of the largest Grade-A office portfolios in India with a total leasable area of 29.5 msf. Its portfolio comprises 19.8 msf of completed, 6.1 msf of under construction and 3.6 msf of future development area, as of Jun 2019. MBP’s portfolio contained five integrated business parks and five independent offices across four cities, Mumbai, Hyderabad, Pune and Chennai.The portfolio has shown decent growth in the past and has multiple levers to help it to continue growing, like increased completions, rental reversions and acquisitions. However, not all of the assets in the portfolio are so called prime assets, with its largest Mumbai assets being located far away from the CBD. In addition, not all the assets have been performing well either. 

Mindspace Business Parks REIT Pre-IPO - Decent Growth but Not All Assets Are Equal

India

Mindspace Business Park REIT aims to own and operate commercial assets in India

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Mindspace Business Parks REIT (MBP IN)

Mindspace Business Parks REIT Pre-IPO - Decent Growth but Not All Assets Are Equal

Mindspace Business Park REIT (MBP) aims to raise around US$500m via a mix of selling primary and secondary shares in its Indian IPO.MBP will own...

Sumeet Singh

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