NDR InvIT Trust, sponsored by NDR Warehousing Private Limited, has proposed to convert into a public InvIT through an initial public offering aimed at raising up to ₹750 crore. The proposed IPO comprises a fresh issue of units worth up to ₹450 crore and an offer-for-sale (OFS) aggregating up to ₹300 crore by Investcorp India Warehousing IFSC Trust, according to the draft offer document filed with markets regulator SEBI. NDR InvIT Trust, which claims to be India's first perpetual warehousing and industrial parks InvIT, manages a total leasable area of 22.97 million square feet as of June 2026. Its portfolio is spread across key warehousing markets, including Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR and Pune. NDR InvIT Trust, registered with SEBI, owns and operates a portfolio of warehousing and industrial assets across key logistics markets in the country.