Mindspace Business Parks REIT (Real Estate Investment Trust), jointly owned by K Raheja group and Blackstone, is coming out with an initial public offering (IPO) to raise up to Rs 4,500 crore, which consists of a fresh issue of units aggregating up to Rs 1,000 crore and offer for sale of units of Rs 3,500 crore. The issue will open on July 27, 2020 and will close on July 29, 2020. It has fixed a price band of Rs 274- 275 per share. This is the second public issue in the REIT segment.
The units of the REIT will be listed on the BSE and NSE. Morgan Stanley India Company, Axis Capital, DSP Merrill Lynch, Citigroup Capital Markets India, JM Financial, Kotak Mahindra Capital Company, CLSA India, Nomura Financial Advisory and Securities India, UBS Securities India, HDFC Bank, Ambit Capital, IDFC Securities and ICICI Securities are book running lead managers to the issue.
Mindspace Business Parks REIT has a portfolio of various commercial properties located in major cities such as Mumbai, Pune, Chennai and Hyderabad, out of which around 24.5 million sq ft area has been constructed.
Company Name | CMP |
---|---|
Bajaj Finserv | 1528.45 |
Paul Merchants | 798.95 |
Data Infrastructure | 162.00 |
IIFL Finance | 398.80 |
Embassy Office Parks | 349.63 |
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