Naya Nazimabad Apartments REIT attracts Rs5.6bn demand
KARACHI: The Naya Nazimabad Apartments REIT attracted total investor demand of Rs5.6 billion against an accepted equity amount of Rs1.01 billion, with the book-building phase oversubscribed eight times and the General Public Subscription oversubscribed 4.3 times. A total of 8,361 investors participated across both phases, reflecting strong demand from institutional and individual investors. As…
The Naya Nazimabad Apartments REIT has witnessed an overwhelming demand of Rs5.6 billion, surpassing its accepted equity amount of Rs1.01 billion by eight times, according to a report by Business Recorder. The book-building phase saw 8,361 investors participating across two phases, with the General Public Subscription being oversubscribed 4.3 times.
As part of the allocation process, applicants subscribing for more than 2,000 units will receive approximately 7 percent of their applied quantity. This strong response signifies a significant milestone for the REIT, with the sponsors expressing gratitude to investors for their confidence in the offering.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
