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.
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.
With markets having corrected significantly, Budget to decide direction (Market Watch)
By IANS| Published: 31st January 2021 3:11 pm IST
By Arun Kejriwal
Markets continued to correct and did so quite vociferously in the four trading days during last week. Ever after having touched the 50k mark on BSESENSEX on the 21st of January, they have been losing ground for six consecutive days. BSESENSEX lost 2,592.77 points or 5.30 per cent to close at 46,285.77 points while NIFTY lost 737.30 points or 5.13 per cent to close at 13,634.60 points. The broader indices saw BSE100, BSE200 and BSE500 lose 5.00 per cent, 4.80 per cent and 4.62 per cent respectively. BSEMIDCAP was down 3.62 per cent while BSESMALLCAP lost 2.36 per cent. The fall was quite ferocious and there were no sectoral gainers with BSEAUTO losing 6.65 per cent. In individual stocks we saw Maruti lose 10.40 per cent, Reliance 10.10 per cent, Tata Motors down 9.26 per cent and Dr Reddy down 8.64 per cent.