India: Mindspace Reit makes stock market debut at a 10% premium

India: Mindspace Reit makes stock market debut at a 10% premium

IPO

Blackstone-backed Mindspace Business Parks Reit stock made its market debut on Friday at a 10% premium over its issue price of 275. The issue itself was oversubscribed 13 times, with investors salivating at the prospect of a tax-free yield of about 7%.