Read more about Brookfield REIT makes a tepid debut, units end 2% below issue price on Business Standard. Earlier this month, Brookfield Reit s Rs 3,800-crore IPO had garnered nearly eight times subscription
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.