Mindspace Business REIT sets price band at Rs 274-275 for its IPO

Seeks to raise up to 4,500 cr, has already received commitment worth Rs 1,125 crore from institutional investors

Mindspace Business Parks REIT, backed by K Raheja Corp and Blackstone, has fixed the price band of Rs 274 to Rs 275 per unit for its initial public offering (IPO). 

India’s second REIT IPO, after Embassy Office Parks REIT in 2019, is looking to raise up to Rs 4,500 crore. 

The IPO comprises of fresh fund raising of Rs 1,000 crore and offer-for-sale of Rs 3,500 crore. 
 

Mindspace REIT has already received commitment worth Rs 1,125 crore from institutional investors.