Mindspace REIT gains 10% on debut, units worth Rs 800 cr change hands

Hits an intra-day high of Rs 307 and a low of Rs 300 on NSE, before closing at Rs 303 a unit

Mindspace Business Parks REIT (real estate investment trust) settled with a gain of 10 per cent over its issue price during its trading debut on Friday. Units of the K Raheja and Blackstone-backed REIT closed at Rs 303, compared with the issue price of Rs 275.

It hit an intra-day high of Rs 307 and a low of Rs 300 on the NSE, where units worth over Rs 800 crore changed hands. The Rs 4,500-crore initial public offering (IPO) of Mindspace REIT was subscribed 13 times. The good listing and strong demand in the IPO, coupled with regulatory easing, are expected