Brookfield India Real Estate Trust will open it’s initial IPO for subscription on Feb 03, 2021. REIT is backed by Canadian Brookfield Asset Management. It plans on raising Rs.3800 crore through the issue of equity share and will close the call on Feb 05.
The firm has fixed the price at Rs.274-275 per share and members can bid for a minimum of 200 units and in multiples of 200 units thereafter. Fixing the minimum application retail price at Rs.55000 at the upper price band.
The money raised will be used to repay old debts. Brookprop Management Services and Axis Trustee Services will acts as the trustee to the REIT and BSREP V is the sponsor.
The lead manager for the book running are Morgan Stanley India Company, Citigroup Global India, HSBC Securities, Capital Markets India, JM Financial, JP Morgan India, Kotak Mahindra, SBI Capital and many more.
