NDR Group proposes public listing of NDR InvIT Trust, files for ₹750-crore IPO
NDR Group has filed for a ₹750-crore IPO to transition its private warehousing InvIT into a public one. The funds will support the expansion of its industrial infrastructure portfolio across India.
Why it matters
The move reflects growing investor interest in India's logistics and warehousing sector as supply-chain formalization accelerates.
NDR Group has proposed to take its warehousing and industrial infrastructure platform public, with NDR InvIT Trust filing a draft offer document for a ₹750-crore public issue.
The issue comprises a fresh issue of up to ₹450 crore and an offer for sale of up to ₹300 crore, and will convert the existing privately listed InvIT into a public InvIT.
Proceeds from the issue will partly fund expansion of the InvIT’s asset base, including the acquisition of NDR Advanced Storage and NDR Storewell Warehousing, said NDR InvIT, which has about 22.97 million sq. ft. of assets under management, of which 21.58 million sq. ft. is developed. Its portfolio spans 18 cities and includes more than 100 warehouses and 42 industrial parks.
The broader NDR platform stands at 33.53 million sq. ft., including 10.56 million sq. ft. under a right of first offer arrangement, according to the Draft Offer Document.
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