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Mindspace REIT IPO gets a thumbs down in grey market

The unlisted market seems to be shunning the Mindspace REIT IPO. Dealers active in the unofficial market for trading in unlisted shares say the REITs issue is demanding almost negligible premium as the rally has come to a halt in the secondary market. The price band of the issue has been fixed at Rs 274-275 per share. “There is no buzz about the issue. At the most, it is demanding a premium of Rs 5 in off-market trade,” said dealers. Real estate is one of the sectors impacted severely by the Covid-19 crisis and the sectoral future looks very uncertain.

Read More at The Economic Times News date : 28 Jul 2020, Tuesday

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