NDR Warehousing raises Rs 5 billion with Investcorp

04 Jul 2023 CW Team

It was mentioned that NDR Warehousing had filed a draft placement memorandum (DPM) with the Securities and Exchange Board of India (SEBI) to raise around Rs 11.65 billion through an InvIT. The intention behind raising these funds was to repay specific loans related to construction. One of the sources stated that the draft documents were submitted to the market regulator on Friday, and the InvIT would be privately listed.

When asked for a comment on the pre-InvIT funding, NDR Warehousing chose not to respond. This recent funding from Investcorp marks their second investment in NDR Warehousing, the first being a $55-million investment made last year.

The proposed InvIT, if successfully launched, would be the first of its kind listing by a warehousing company. According to the DPM, the offering would consist of a fresh issue of Rs 8.43 billion by NDR InvIT Trust, as well as an offer for sale of Rs 3.22 billion by the selling unitholders.

The report also highlighted that NDR Warehousing would act as the sponsor of the trust, with NDR Invit Managers serving as the trust's investment manager, and Axis Trustee Services acting as the trustee. ICICI Securities would be the lead manager for the issue.

NDR Warehousing, a part of the NDR group, was established in 1986. Led by N Amrutesh Reddy as the managing director, the company has undergone substantial growth, with a portfolio of 33 warehouses spanning 16.91 million sq ft of leasable area across 12 cities.

The company has plans to expand its warehousing and industrial parks throughout the country by adding 4-5 million sq ft per year.

Also read:
Increased cost for Bengaluru-Mysuru Expressway travel from July 1
MoRTH invites bids for construction of bypass road in state of Odisha

According to individuals familiar with the matter, it was reported that NDR Warehousing, a logistics infrastructure company, had secured funding of Rs 5 billion from Investcorp, an investor based in Bahrain. The funding was obtained in anticipation of NDR Warehousing's proposed infrastructure investment trust (InvIT). It was mentioned that NDR Warehousing had filed a draft placement memorandum (DPM) with the Securities and Exchange Board of India (SEBI) to raise around Rs 11.65 billion through an InvIT. The intention behind raising these funds was to repay specific loans related to construction. One of the sources stated that the draft documents were submitted to the market regulator on Friday, and the InvIT would be privately listed. When asked for a comment on the pre-InvIT funding, NDR Warehousing chose not to respond. This recent funding from Investcorp marks their second investment in NDR Warehousing, the first being a $55-million investment made last year. The proposed InvIT, if successfully launched, would be the first of its kind listing by a warehousing company. According to the DPM, the offering would consist of a fresh issue of Rs 8.43 billion by NDR InvIT Trust, as well as an offer for sale of Rs 3.22 billion by the selling unitholders. The report also highlighted that NDR Warehousing would act as the sponsor of the trust, with NDR Invit Managers serving as the trust's investment manager, and Axis Trustee Services acting as the trustee. ICICI Securities would be the lead manager for the issue. NDR Warehousing, a part of the NDR group, was established in 1986. Led by N Amrutesh Reddy as the managing director, the company has undergone substantial growth, with a portfolio of 33 warehouses spanning 16.91 million sq ft of leasable area across 12 cities. The company has plans to expand its warehousing and industrial parks throughout the country by adding 4-5 million sq ft per year. Also read: Increased cost for Bengaluru-Mysuru Expressway travel from July 1 MoRTH invites bids for construction of bypass road in state of Odisha

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..