Brookfield India Real Estate Trust (REIT)’s Rs 3,800 crore preliminary public providing (IPO) will open for bidding on February 3. The public situation will shut on February 5. The Canadian asset supervisor Brookfield Asset Management backed-company has fastened the value band of the IPO at Rs 274-275 per unit. The shares are more likely to be listed on the BSE and NSE on February 17, 2021.
Investors can bid for a minimal 200 items and in multiples of 200 items thereafter, which interprets right into a minimal utility measurement of Rs 55,000 on the increased finish of the value band. The firm will use the funds to repay money owed.
Brookfield’s providing is the third REIT IPO after Mindspace Business Parks REIT in 2020 and Embassy Office Parks REIT in 2019.
Brookfield Asset Management owns practically $17-billion portfolio throughout actual property, infrastructure, renewable energy and personal fairness in India. It owns and operates 42 million sq. ft. of actual property area, with campus-format workplace parks positioned at Mumbai, Noida, Gurugram and Kolkata.
Ambit, Axis Capital, IIFL Securities, JM Financial, JP Morgan India, Kotak Mahindra Capital and SBI Capital Markets are the e-book working lead managers to the difficulty, whereas Link Intime India is the registrar for the REIT.