NDR InvIT Trust, a private, listed infrastructure investment trust sponsored by NDR Warehousing Private Limited, is proposing a conversion from a private, listed InvIT to a public InvIT through an initial public offer of units aggregating up to ₹750 crore. The Offer comprises a fresh issue of up to ₹450 crore and an offer for sale of up to ₹300 crore by Investcorp India Warehousing IFSC Trust.
NDR InvIT Trust stands as India’s first perpetual warehousing and industrial parks InvIT, according to the JLL Report. As of June 30, 2026, the Trust manages a total leasable area of 22.97 million sq. ft., of which 21.58 million sq. ft. is currently developed. Its portfolio is spread across key warehousing markets, including Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, NCR Delhi and Pune, which together account for approximately 80% of India’s organised warehousing stock, according to the JLL Report.
The proceeds from the Fresh Issue will primarily be utilised towards the acquisition of 100% of NDR Advanced Storage Private Limited for up to ₹297.6 crore and acquisition of 100% interest of NDR Storewell Warehousing LLP for up to ₹84.2 crore, with the balance proposed for general purposes.
