India: Mindspace REIT's $601m IPO subscribed 13 times

India: Mindspace REIT's $601m IPO subscribed 13 times

Powai, Mumbai, Maharashtra, India. Photo: Aniket Bhattacharya

The initial public offer (IPO) of Mindspace Business Parks REIT on Wednesday closed its three day initial public offering (IPO), witnessing a subscription of 13 times, on the back of strong investor interest, despite disruptions caused by covid-19 and the resultant impact expected on commercial real estate due increasing prevelance of remote working.

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