Embassy Office Parks REIT IPO opens today: Should you invest?

Analysts say the offer is a good investment bet for investors who are looking for a safer investment option as compared to equities and an assured return over a two-three year period

Bengaluru-based Embassy Property Developments Pvt Ltd, plans to raise Rs 4,750 crore from initial public offering (IPO) that opens today (March 18). The price band for the Embassy Office Parks REIT IPO is Rs 299-300 apiece.

The interest range for the issue could also widen to 9.5 – 9.75 per cent as the final pricing is yet to be fixed, reports suggest. On Friday, Embassy Office Parks Reit allotted units worth Rs 1,743 crore to anchor investors. The trust’s portfolio comprises about 33 million square feet of office space across four Indian cities, Bengaluru, Pune, Mumbai and Noida.

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