NDR InvIT Trust, an Infrastructure Investment Trust (InvIT) sponsored by NDR Warehousing Private Limited, awaits approval from SEBI, to raise Rs 1,100 crore from the market, reports ET Infra.
“We finished two rounds of questions with SEBI and will be having the final round. Once privately listed, the company is expected to earn revenue of Rs 27 crore by March 2024 and the same will be close to Rs 34 crore by March 2025. The current revenue of the company is around Rs 22 crore,” Amrutesh Reddy, Director of NDR InvIt said.
Speaking about the future plans of the company, Reddy said, “The company aims to grow around 3.5 million sq ft a year in an organic way. And at an inorganic it plans to grow at level Rs 300 to Rs 500 crore a year. The inorganic level would involve mergers and acquisitions and will involve bidding on different contracts like FCI. We anticipate making fresh investments totaling between Rs 1,000 and Rs 1,500 crore annually.”
The company currently has a portfolio of 16.91 million square feet, which includes more than 50 warehouses and 21 industrial parks located in Chennai, Bengaluru, Kolkata, Mumbai, Delhi, Pune, Coimbatore, Sricity, Bilaspur, Goa, and Pondicherry. Of this total, 12.29 million square feet have been completed, while 3.26 million square feet are under construction, and 1.37 million square feet have been identified for future developments.
The operational portfolio is about 67 per cent in southern India, 18 per cent in north India and remaining in west and east.The company is investing in various land assets outside InvIt. NDR InvIt has also announced the launch of its 7 million sq. ft in Goa. Commenting on the new facility, Director of NDR InvIT said, “The launch of 7 million sq ft of warehousing /Industrial space signifies our unrelenting commitment to transformative growth underpinned by unwavering values. We view this expansion as a testament to the profound harmony between economic progress and our duty to safeguard the environment and uplift society.
