The initial public offer (IPO) of Embassy Office Parks REIT, backed by private equity giant Blackstone Group LP and Bengaluru-based developer Embassy Property Developments, opened for subscription on Monday. The IPO is expected to raise up to Rs 4,750 crore, while it has already received Rs 876 crore commitment from strategic investors.
The price band of the offer has been fixed Rs 299 - Rs 300. Minimum lot size for the offer has been set at 800 units and in multiple of 400 units, thereafter.
The offer, which will end on March 20, was subscribed 20 per cent on first
