10 Things to Know About Brookfield India Real Estate Trust IPO

Brookfield India Real Estate Trust IPO: The Rs 3,800 crore 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.

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Brookfield India Real Estate Trust IPO: Brookfield’s Real Estate Investment Trust (REIT) initial public offer (IPO) has opened for subscription, issue details, open and closing date, allotment status, bid price and much more.

Brookfield India Real Estate Trust IPO
Brookfield India Real Estate Trust IPO
  1. The Rs 3,800 crore initial public offering (IPO) of Brookfield India Real Estate Trust (Brookfield REIT) will hit the capital market on Wednesday, February 3, 2021.
  2. The company has fixed the price band of the IPO at Rs 274-275 per unit. The public issue will close on February 5, 2021.
  3. Investors, other than anchor investors, can bid for a minimum of 200 units and in multiples of 200 units thereafter. Hence, the minimum application size by retail investors would be Rs 55,000 at higher price band.
  4. The issue received bids for 1,15,12,600 units out of the 7,62,78,200 units on offer.
  5. Ambit, Axis Capital, IIFL Securities, JM Financial, JP Morgan India, Kotak Mahindra Capital and SBI Capital Markets are the book running lead managers to the issue.
  6. Link Intime India is the registrar for the REIT.
  7. Bank of America, Citigroup Inc and Morgan Stanley are managing the IPO.
  8. The shares are likely to be listed on the BSE and NSE on February 17, 2021.
  9. Brookfield REIT will be the third listed trust in India, after Blackstone Group-backed Mindspace Business Parks REIT in 2020 and Embassy Office Parks REIT in 2019
  10. Brookfield Asset Management owns nearly $17-billion portfolio across real estate, infrastructure, renewable power and private equity in India. It owns and operates 42 million sq. ft. of real estate space, with campus-format office parks located at Mumbai, Noida, Gurugram and Kolkata.

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