Mindspace Business Parks REIT's initial public offer (IPO) will open on July 27, 2020. The company is looking to raise up to INR 45.00 billion and the price band is fixed between INR 274-275 per unit. It will be a fresh issue of units totaling up to INR 10.00 billion and offer for sale of units up to INR 35.00 billion. Mindspace Business Parks REIT has already received commitment worth INR 11.25 billion from institutional investors including Singapore government's sovereign fund GIC, affiliates of Fidelity Group, Capital Group, Fullerton Group, which amounts to 25% of the issue size by strategic investors. Total REIT units proposed to be subscribed by strategic investors will be 4.09 crore units and will be allotted to them at INR 275 per piece, according to the offer document filed with the Securities and Exchange Board of India (Sebi).Sponsored by K Raheja Corp, Mindspace has 29.5 million square feet leasable area spread across Mumbai, Pune, Hyderabad and Chennai.