INDOSPACE PLANITI PLIFIED TO MONETIZE LOGISTIC ASSETS, BACKED BY GLOBAL INVESTORS, possessing around 50 parks throughout India. | Photo credit: Istockphoto
Indospace, the largest logistics and warehouse asset developer in India, is planning an initial public offer (OPI) to monetize its portfolio in India, with a problem size in the $ 750 million region, sources said.
Previously, Indospace had been thinking in terms of floating an investment trust in infrastructure, but it is more likely to be an OPI, people with knowledge of the company and its plans said.
“It is in process,” said the source, referring to the public problem, but indicated that it may not happen immediately, but in the medium term, depending on market conditions.
Indospace, backed by global investors such as Everstone, Realterm, LPG and CPPIB, has more than 50 logistics parks throughout the country, located in 11 cities and with an area or about 60 million square feet occupied by customers.
Last year he sold 2.5 million square feet of storage assets located in Pune and Sri City at high capital for around $ 100 million. Assets, completely built and leased, and meet the needs of the west and south of India, are rented by blue chip multinationals.
The sources indicated that the warehouse developer can eliminate some more assets before reaching the market, but that continues to work in progress.
There was no indospace response to an email sent by Business line Requesting a comment about your plans.
Previously, it was known that Indospace sponsors were in conversations with strategic investors to sell a participation, but could not advance due to prices and valuation differences.
Indospace was established in 2007 and since its inception has invested more than $ 3 billion in the construction of its impressive asset portfolio.
Last October, he announced to invest up to ₹ 45 billion rupees in the creation of new industrial, logistics and storage parks in Tamil Nadu, to support growth sectors such as cars and electronic products.
Posted on April 15, 2025