NDR InvIT Trust files draft papers for ₹750 crore IPO
The proposed IPO comprises a fresh issue of units worth up to ₹450 crore and an offer-for-sale (OFS) aggregating up to ₹300 crore by Investcorp India Warehousing IFSC Trust
NDR InvIT Trust, backed by NDR Warehousing Private Limited, has prepared preliminary documents for an initial public offering of up to ₹750 crore. The IPO will see a fresh issuance of units worth up to ₹450 crore and an offer-for-sale (OFS) of up to ₹300 crore by Investcorp India Warehousing IFSC Trust. The funds raised will be utilized to acquire complete ownership of NDR Advanced Storage Private Limited and a controlling stake in NDR Storewell Warehousing LLP.
The acquisition is expected to bolster the trust's portfolio of income-generating warehousing assets and fuel future growth. Established as India's inaugural perpetual warehousing and industrial parks InvIT, NDR InvIT Trust manages a leasable area of 22.97 million square feet, with 21.58 million square feet already developed. The trust's assets are distributed across prominent warehousing markets, including Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR, and Pune.
NDR Warehousing, the trust's sponsor, is a pioneer in the Indian warehousing sector, having been the initial developer to secure funding from a major global institution.
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Also reported by 1 other outlet
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