Office Parks Real Estate Investment Trust (REIT) plans to raise Rs4,750-crore through
an Initial Public Offering (IPO) in the next week.
to the info from reliable source, the IPO of the REIT will open on 18th March
and close on 20th March. The part of the offering held in reserve for
institutional investors, will be opened on 15 March.
per Bloomberg, the offering will see the REIT sell as many as 158.6 million
units at Rs299 to 300 per unit and start taking offers from anchor
investors on Friday.
IPO comes at a nick time when the real estate companies are at pressure due to weak
sales and a decline in property prices.