Synopsis
The issue received applications for 60,59,44,400 units by 5:00 pm. The quota reserved for retail and corporate investors was subscribed 11.7 times, while institutional investors bid 4.78 times the reserved units.
Agencies
The low turnout by institutional investors is in line with usual trends as they usually bid for any IPO on the last day. The Brookfields REIT issue, which is the third ever REIT to be launched in India, is set to close on Friday.
NEW DELHI: The initial public offer (IPO) of Brookfield India Real Estate Trust was subscribed 7.9 times on the final day of the bidding process today, making it the third-ever successful REIT IPO in India.
Synopsis
The Brookfields REIT issue is set to close on Friday.
NEW DELHI: The initial public offer (IPO) of Brookfield India Real Estate Trust was subscribed 77 per cent by the end of the second day of bidding today, driven largely by corporate and individual investors.
The issue received applications for 5,88,18,600 units by 5:00 pm. The corporate and retain individuals portion was fully subscribed by the end of the second day, whereas the allotment for institutional investors was subscribed 53 per cent.
The low turnout by institutional investors is in line with usual trends, as they typically bid for any IPO on the last day. The Brookfields REIT issue which is the third ever REIT to be launched in India is set to close on Friday.
Brookfield India Real Estate Trust IPO Subscribed 22% On Second Day 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 REIT IPO subscribed 15% on first day of bidding
The India s only institutionally managed public commercial real estate vehicle is aimed to raise Rs 3,800 crore through its public issue. February 03, 2021 / 05:59 PM IST
The initial public offering of Brookfield India Real Estate Trust, sponsored by an affiliate of Brookfield Asset Management, has been subscribed 14.62 percent so far on the first day of bidding, February 3.
The public offer has received bids for 1.15 crore units against the IPO size of over 7.62 crore units, the subscription data available on the exchanges showed.
The reserved portion of other investors, including corporates and individuals, witnessed 30.11 percent subscription, while the portion set aside for institutional investors has subscribed 3 percent.
Brookfield India Real Estate Trust IPO opens today: 10 things to know about the public issue
Brookfield India Real Estate Trust IPO will close on February 5. The price band has been fixed at Rs 274 to Rs 275 per unit. February 03, 2021 / 04:20 PM IST
Brookfield India Real Estate Trust is the third Real Estate Investment Trust (REIT) to launch initial public offering after the successful listing of Blackstone Group-backed Mindspace Business Parks REIT in 2020 and Embassy Office Parks REIT in 2019.
This will be the fifth IPO in the current year, after Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company and Stove Kraft.