IPO Centre     05-Feb-21
IPO News
Brookfield India Real Estate Trust IPO subscribed 8 times
The issue received bids for 60.59 crore units as against 7.62 crore units on offer.

The initial public offer (IPO) of Brookfield India Real Estate Trust received bids for 60.59 crore units today, 5 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 7.94 times.

The issue opened for bidding on Wednesday, 3 February 2021 and it will close today, 5 February 2021. The price band of the IPO was 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.

The IPO aimed to garner Rs 3,800 crore of fresh capital. The proceeds of the fresh issue will be utilised towards partial or full pre-payment or scheduled repayment of the existing indebtedness of the Asset SPVs and for general corporate purposes.

The Brookfield India Real Estate Trust (Brookfield REIT) is India's only institutionally managed public commercial real estate vehicle. Sponsored by an affiliate of Brookfield Asset Management (BAM), one of the world's largest alternative asset managers with approximately US$575 billion in assets under management, as of 30 September 2020, their goal is to be the leading owner of high quality income producing commercial real estate assets in key gateway Indian markets, which have significant barriers to entry.

Previous News
  Brookfield India Real Estate Trust to hold board meeting
 ( Corporate News - 03-Nov-23   11:28 )
  Brookfield India Real Estate Trust to convene EGM
 ( Corporate News - 27-May-23   14:21 )
  Brookfield India Real Estate Trust to convene board meeting
 ( Corporate News - 03-Aug-24   16:44 )
  Brookfield India Real Estate Trust to table results
 ( Corporate News - 05-Feb-22   17:42 )
  Brookfield India Real Estate Trust announces board meeting date
 ( Corporate News - 15-Dec-21   12:05 )
  Brookfield India Real Estate Trust receives reaffirmation in credit rating
 ( Corporate News - 03-Jan-22   19:31 )
  Brookfield India Real Estate Trust REIT fixes record date for distribution
 ( Corporate News - 05-Aug-21   09:40 )
  Brookfield India Real Estate Trust allots 9.13 cr units under institutional placement
 ( Corporate News - 02-Aug-23   19:17 )
  Brookfield India Real Estate Trust to declare Quarterly Result
 ( Corporate News - 13-May-22   18:20 )
  Brookfield India Real Estate Trust reports consolidated net loss of Rs 27.01 crore in the June 2023 quarter
 ( Results - Announcements 14-Aug-23   16:22 )
  Brookfield India Real Estate Trust to declare Quarterly Result
 ( Corporate News - 07-Feb-24   12:20 )
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