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 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.
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|
Brookfield India REIT Registrar
Phone: +91-22-4918 6270