The issue received bids for 1.15 crore units as against 7.62 crore units on offer.
The initial public offer (IPO) of Brookfield India Real Estate Trust received bids for 1.15 crore units today, 3 February 2021, as against 7.62 crore units on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 0.15 times.
The issue opened for bidding today, 3 February 2021 and it will close on Friday, 5 February 2021. The price band of the IPO is fixed at Rs 274-275. An investor can bid for a minimum of 200 units and in multiples thereof.
Ahead of its IPO, Brookfield India Real Estate Trust raised Rs 1,709.97 crore by allocating 6.21 crore units to 39 anchor investors at Rs 275 per unit, the upper end of the IPO price band.
Brookfield India Real Estate Trust IPO opens today: Should you subscribe? We expect Brookfield to register a stable cash flow with current portfolio and headroom to further expand the space to lease out, said KR Choksey. Sunil Shankar Matkar February 03, 2021 / 04:13 PM IST
Brookfield India Real Estate Trust, the only 100 percent institutionally-managed public commercial real estate vehicle in India, opens its initial public offering for subscription on February 3 with a price band of Rs 274-275 per unit.
The issue will close on February 5.
The company owns an initial portfolio of 4 large campuses - format office parks, which are business critical , located in Mumbai, Gurugram, Noida and Kolkata. Its initial portfolio consists of 14.0 million square feet (msf) of which 10.3 msf is completed, 0.1 msf area is under construction along with 3.7 msf of future development potential.
Brookfield REIT IPO subscribed 15% on Day 1
The Rs 3,800 crore IPO of Brookfield REIT received bids for 1,15,12,600 shares against the issue size of 7,62,78,200 units, as per the exchange data
BusinessToday.In | February 3, 2021 | Updated 20:16 IST
Brookfield REIT IPO to close on Friday
The initial public offer (IPO) of Brookfield India Real Estate Trust (REIT) started on a slow note, with only 15 per cent of the issue being subscribed on the first day. The Rs 3,800 crore IPO received bids for 1,15,12,600 shares against the issue size of 7,62,78,200 units, as per the exchange data.
The Brookfield REIT IPO opened for subscription on Wednesday with a price band of Rs 274-275 per unit. The issue is likely to close on Friday. Bids can be made for a minimum lot of 200 units and in multiples of 200 units, which amounts to a minimum application size of Rs 55,000 at the upper end of the price band. The shares are proposed to be listed on BSE and NSE.
Brookfield REIT issue to open on Wednesday to raise Rs 3,800 cr
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Last Updated: Feb 02, 2021, 04:19 PM IST
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Synopsis
The initial public offer (IPO) of Brookfield India Real Estate Trust (Brookfield REIT) will open on February 3 at a price band of Rs 274 to Rs 275. The public issue will close on February 5.
Agencies
The first one Embassy Office Parks REIT, backed by Blackstone and Embassy group, got listed in April 2019 after raising Rs 4,750 crore.
Global investment firm Brookfield s Real Estate Investment Trust (REIT) public issue will hit the capital market on Wednesday to raise up to Rs 3,800 crore.
Brookfield REIT will be the third listed trust in India if it is successfully subscribed.
Brookfield REIT garners Rs 1,710 crore from anchor investors ahead of IPO
The Rs 3,800-crore initial public offering of India s only 100 percent institutionally managed public commercial real estate vehicle will open for subscription on February 3 and close on February 5. February 03, 2021 / 04:05 PM IST
Brookfield India Real Estate Trust (Brookfield REIT) on February 2 raised Rs 1,710 crore from 39 anchor investors ahead of its IPO opening.
The company in consultation with merchant bankers and selling shareholders finalised allocation of 6,21,80,800 units to anchor investors at Rs 275 per unit, the higher price band.
Schroder Global Cities Real Estate, BNP Paribas, Morgan Stanley, DSP Adiko Holdings, Societe Generale, Coronation Global Managed Fund, IA Opportunities and Moon Capital were among the foreign investors that participated in the anchor book.