Robust Response to Mindspace Business Parks REIT
Mindspace Business Parks REIT shares listed on the bourses at Rs 302 on Friday, registering a 10.55% premium over its issue price of Rs 275. The issue received bids for 8,778 lakh shares against the total issue size of 677 lakh shares. While the institutional investors' category witnessed a subscription of 10.61 times, non-institutional investors saw 15.77 times subscription. The public issue was open between July 27 to July 29, 2020. Share of Mindspace Business Parks REIT opened at Rs 302 on NSE and touched a high of Rs 307.20 and a low of Rs 300. On Bombay Stock Exchange (BSE), shares of Mindspace Business Parks REIT were trading at Rs 304 apiece on Friday's opening trade. Later the shares touched an intraday high of Rs 308.90 and low of Rs 299 on BSE. Post listing as the stock is trading 10% above the issue price, traders and short term investors can look to book profits at current levels and lock in the listing gains.
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