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 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.
Brookfield Asset Management has pulled off India’s third ever real estate investment trust IPO, raising Rp38bn ($521.7m) as strong demand covered the deal multiple times over.
After a turbulent ride last week, wherein benchmark indices lost 5%, markets are expected to remain volatile in this eventful week too as the Union Budget, macro data and RBI policy would be keenly watched by investors. Besides, the ongoing quarterly earnings season would also be in focus, guiding market trajectory. In the last week, the BSE Sensex fell 2,593 points or 5.30 percent to 46,286 and the Nifty50 corrected 737 points or 5.13 percent to 13,635, underperforming the broader markets. Global markets, too, corrected amid concerns over slower rollout of Covid vaccine and valuation concerns. When the markets would open for trading today, the single biggest factor that will determine market mood is the Union Budget. Finance Minister Nirmala Sitharaman is slated to present the Budget for FY22 in the Parliament at 11 am today. This Budget is more so keenly eyed as it comes on the heels of an unprecedented pandemic that changed India s economic landscape.
Brookfield s IPO is third REIT IPO after Mindspace Business Parks and Embassy Office Parks
Brookfield India Real Estate Trust (REIT) s Rs 3,800 crore initial public offering (IPO) will open for bidding on February 3. The public issue will close on February 5. The Canadian asset manager Brookfield Asset Management backed-company has fixed the price band of the IPO at Rs 274-275 per unit. The shares are likely to be listed on the BSE and NSE on February 17, 2021.
Investors can bid for a minimum 200 units and in multiples of 200 units thereafter, which translates into a minimum application size of Rs 55,000 at the higher end of the price band. The company will use the funds to repay debts.