Mindspace Business Parks REIT IPO opens for subscription on July 27 with the price band fixed at Rs.274-275 per share. The REIT will raise Rs.4500 crore. This will include Rs.1000 crore as fresh issue and the balance Rs.3500 crore via offer for sale or OFS. Bidding by anchor investors will open for a day on July 24. Minimum bids will be for 200 units.

Embassy REIT was the first to launch an IPO worth Rs.4750 crore in March 2019. Mindspace REIT IPO has received commitments worth Rs.1125 crore from institutional investors including GIC, Fidelity, Capital Group and Fullerton. Around 9.20 crore units representing 75% of the net offer is reserved for institutional investors and the balance 25% for non-institutional investors.