Mindspace Business Parks REIT IPO oversubscribed by 1.23 times on day 2

The price band of the IPO is fixed at Rs274-275.

Jul 29, 2020 08:07 IST India Infoline News Service

Initial Public Offer, IPO
Mindspace Business Parks REIT IPO was oversubscribed 1.23 times on day 2. The initial public offer (IPO) of Mindspace Business Parks REIT has received bids for 8.34 crore shares as against 6.77 crore shares on offer, as per the NSE data.

The issue opened for bidding on Monday, 27 July 2020, and it will close on Wednesday, 29 July 2020. The price band of the IPO is fixed at Rs274-275.

Ahead of its IPO, Mindspace Business Parks REIT on Friday (24 July) raised Rs1,518.74 crore by allocating 5.52 crore shares to 54 anchor investors at Rs275 per unit, the upper end of the IPO price band. The anchor allotment was led by foreign institutional investors (FIIs) such as the Government of Singapore, funds managed by Nomura, Capital Group, Fidelity, HSBC and Schroder.

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