IPO News

Brookfield India to file its IPO tomorrow – Read More

Brookfield India is going to file its IPO tomorrow, on February 3rd 2021. There is only one day to go for the third REIT IPO to take place in India.

It will be under the sponsorship of Canadian Asset Manager “Brookfield Asset Management”. Further, this IPO is promoted by BSREP India Office Holdings V Pte. Ltd.

The issue has aim of achieving the target of Rs 3,800 crore. The investors can purchase its shares at price band of Rs 274 – Rs 275.

So far, the market lot has been estimated to be around 200 shares and the minimum order quantity is around 200 shares.

This issue will be offering equity shares worth Rs 10 and the shares will be aggregating up to Rs 3,800 crores.

Brookfield India is the one and only institutionally managed public commercial real estate company.

Also, this REIT will give shares over 1.4 crore square feet of its commercial properties to its investors across India.

It is one of the biggest real estate company with branches located in major parts of India. Brookfield has its office complex in Kolkata, Mumbai and two campuses in Delhi/NCR Gurgaon & Noida.

The issue will remain open from February 3, 2021 – February 5, 2021 and may get its listing by February 17, 2021.

However, seeing the third biggest REIT, many experts believe that the realty sector will soon boom in the Indian markets.

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