Investcorp has successfully listed the NDR Infrastructure Investment Trust on the National Stock Exchange of India, marking a significant milestone in the country's warehousing sector.
Information on the Target
Investcorp has announced that its portfolio company, NDR Warehousing Private Limited, has successfully listed the NDR Infrastructure Investment Trust ("NDR InvIT") on the National Stock Exchange of India. This marks the launch of India's first perpetual warehousing and industrial parks infrastructure investment trust, akin to a Real Estate Investment Trust (REIT).
The initial public offering (IPO) for the NDR InvIT procured total proceeds of $106 million, comprising $23 million from an offer for sale and $83 million from a primary issue. Notably, the shares listed at a premium of 4% over the issue price, and the IPO was fully subscribed and closed on the same day.
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Industry Overview in India
India's logistics and warehousing sector is rapidly evolving, driven by the country's status as one of the fastest-growing major economies globally. The demand for warehousing solutions has surged as e-commerc
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Disclosed details
Transaction Size: $106M
Enterprise Value: $465M
Equity Value: $465M