Mindspace Business Parks REIT IPO subscribed 12.96 times on the last day

The issue opened for bidding on Monday, July 27, 2020, and it closed on July 29, 2020.

Jul 30, 2020 10:07 IST India Infoline News Service

Initial Public Offer, IPO
Mindspace Business Parks REIT IPO was subscribed by 12.96 times on the last day. The initial public offer (IPO) of Mindspace Business Parks REIT received bids for 87.78 crore shares on July 29, as against 6.77 crore shares on offer, as per NSE website data.

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

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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