Mind space Business Parks REIT IPO
Mind space Business Parks REIT IPO to open on July 27 2020, price band at Rs 274-275/share.
The company is looking to uplift Rs 4,500 crore from this IPO. which consists a fresh issue of units aggregating upto Rs 1,000 crore and offer for sale of units of Rs 3,500 crore. The bidding for public issue by Institutional investors opened on July 24, i.e. a day before issue opening. Biding can be made for minimum 200 units and in multiples of 200 units afterwards.
This is the second IPO in the REIT segment. Embassy Office Parks REIT was the first one has launched Rs 4,750 crore IPO in March 2019.
K Raheja Corp’s Mind space Business Parks REIT IPO has already received commitment worth Rs 1,125 crore from anchor investors including Singapore government’s sovereign fund GIC, affiliates of Fidelity Group, Capital Group, Fullerton Group.