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MUMBAI: Canadian alternative investment major Brookfield Asset Management-backed Brookfield India Real Estate Trust’s Real Estate
Investment Trust (REIT), on Tuesday, listed at Rs 281.70 per unit, up 2.4% against the issue price of Rs 275.
The Rs 3,800-crore public issue priced between Rs 274 and Rs 275 per unit had closed with an overall subscription of eight times on February 5.
In the retail investors’ category, the issue was oversubscribed by nearly 12 times and was oversubscribed by 5 times in institutional investors’ segment.
This is India’s third REIT listing and second in the country during the ongoing pandemic. The proposed issue will be India’s first REIT which is 100% managed by an institution.
Updated Feb 16, 2021 | 13:24 IST
Brookfield REIT debuts on the exchanges, sees soft opening. Brookfield is India s third publicly listed REIT and only institutionally managed public commercial real estate vehicle. (Representational Image) | Photo Credit: Getty Images
Key Highlights
REIT instruments gain popularity in India
Brookfield India Real Estate Trust (“Brookfield REIT”) is India’s only institutionally managed public commercial real estate vehicle. Sponsored by an affiliate of Brookfield Asset Management (“BAM”), one of the world’s largest alternative asset managers has campus-format office parks strategically located in Mumbai, Noida, Gurugram, and Kolkata.
Its portfolio comprises 14msf, which include 10.3msf of completed area, 0.1msf of under construction, and 3.7msf future development projects.
Brookfield REIT Lists With Marginal Premium Over Issue Price At Rs 279 moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Brookfield India REIT IPO: Allotment of shares today, here s how to check status
Brookfield India Real Estate Trust -The third REIT listing after Blackstone Group Inc backed Mindspace Business Parks REIT last year and Embassy Office Parks REIT in 2019, was subscribed nearly eight times the offer value.
BusinessToday.In | February 11, 2021 | Updated 13:07 IST
The allotted shares will be credited in the applicant s Demat account by February 12, 2021. The shares are proposed to be listed on BSE, NSE on February 17, 2021
The finalisation of allotment for Rs 3,800-crore Brookfield India (REIT) initial public offer (IPO) will be announced today, on February 11, 2021.
The allotted shares will be credited in the applicant s Demat account by February 12, 2021. The shares are proposed to be listed on BSE, NSE on February 17, 2021.
The basis of allotment for ₹3,800 crore IPO of Brookfield Real Estate Investment Trust’s (REIT) will be announced on February 11. The IPO of the commercial