INSUBCONTINENT EXCLUSIVE:
Brookfield's IPO is third REIT IPO after Mindspace Organization Parks and Embassy Office ParksBrookfield India Property Trust (REIT)'s Rs
3,800 crore initial public offering (IPO) will open for bidding on February 3
The public concern will close on February 5
The Canadian property supervisor Brookfield Possession Management backed-company has repaired the cost band of the IPO at Rs 274-275 per
The shares are most likely to be listed on the BSE and NSE on February 17, 2021
Financiers can bid for a minimum 200 systems and in multiples of 200 units afterwards, which equates into a minimum application size of Rs
55,000 at the greater end of the rate band
The company will utilize the funds to pay back debts.Brookfield's offering is the 3rd REIT IPO after Mindspace Service Parks REIT in 2020
and Embassy Workplace Parks REIT in 2019
Brookfield Asset Management owns almost $17-billion portfolio throughout real estate, infrastructure, renewable power and private equity in
It owns and runs 42 million sq
of realty space, with campus-format workplace parks situated 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 book running lead supervisors to the issue, while Link
Intime India is the registrar for the REIT.
