Brookfield India Real Estate Trust REIT IPO Details

Brookfield India Real Estate Trust

Brookfield India Real Estate Trust

Brookfield India Real Estate Trust REIT IPO Details:

The Brookfield India Real Estate Trust initial public offering will open on February 3rd, 2021. The price band was set at between ₹274 to ₹275. In this commercial real estate vehicle, Brookfield REIT issues units totaling up to 3,800 crores. At the higher end of the price band. Moreover, investors will bid for a minimum of 200 units and multiples of 200 units thereafter, which translates into a minimum application size of rs.55,000. To repay loans, the organization will use the money.

IPO Details:

IPO Opening Date Feb 3rd, 2021
IPO Closing Date Feb 5th, 2021
Issue Type Book Built Issue REIT
Face Value ₹10 per equity share
IPO Price ₹274 to ₹275 per equity share
Market Lot 200 Shares
Min Order Quantity 200 Shares
Listing At BSE, NSE
Issue Size Eq Shares of ₹10 (aggregating up to ₹3,800.00 Cr)
Fresh Issue Eq Shares of ₹10 (aggregating up to ₹3,800.00 Cr)

After Mindspace Business Parks REIT in 2020 and Embassy Office Parks REIT in 2019, the offering Brookfield is the third REIT IPO.

Objects of the issue: 

The net proceeds from the Brookfield India Real Estate Trust will be utilized for the following purposes:

    • To make partial or full payment of existing indebtedness of the asset SPV’s to meet general corporate purposes.

Tentative Timetable:

The Brookfield India REIT open date is Feb 3rd, 2021, and the close date is Feb 5th, 2021. The issue may list on Feb 17th, 2021.

IPO Open Date Feb 3rd, 2021
IPO Close Date Feb 5th, 2021
Basis of Allotment Date Feb 11th, 2021
Initiation of Refunds Feb 12th, 2021
The credit of Shares to Demat Account Feb 12th, 2021
IPO Listing Date Feb 17th, 2021

Prospectus Documents

Brookfield India REIT DRHP

Brookfield India REIT Registrar

Phone: +91-22-4918 6270

Email: brookfield.reit@linkintime.co.in

Website: http://www.linkintime.co.in 

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