Brookfield India Real Estate Trust REIT IPO Details
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:
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- 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 Registrar
Phone: +91-22-4918 6270
Email: brookfield.reit@linkintime.co.in
Website: http://www.linkintime.co.in