Following the footsteps of Mindspace REIT, Brookfield India Real Estate Trust has also come up with its own latest IPO. The company is looking to raise funds through the public via its new IPO and has filed its offer documents with the SEBI as well. If you’re looking for more Brookfield India Real Estate Trust IPO details, continue reading to find out.
About the company
Part of the Brookfield group, the Brookfield India Real Estate Trust is in the business of constructing and managing commercial real estate properties. The company has several strategically located office parks in major Indian cities including Mumbai, Kolkata, Noida, and Gurugram.
The company boasts of a portfolio size of over 14.0 msf, out of which around 10.3 msf has already been completed, around 0.1 msf is under construction, and around 3.7 msf are slated for future development. With an occupancy rate of around 92%, Brookfield India Real Estate Trust enjoys a significantly high percentage of occupancy amongst REITs in the country.
Brookfield India Real Estate Trust IPO details
Now that you have a fair idea of the company, let’s move on to some of the important Brookfield India Real Estate Trust IPO details such as the Brookfield India Real Estate Trust IPO date and the Brookfield India Real Estate Trust IPO share price band, among others.
Brookfield India Real Estate Trust IPO date
The upcoming IPO of Brookfield India Real Estate Trust is slated to open up to the public on February 03, 2021. The IPO is then expected to come to a close on February 05, 2021, after staying open for around 2 days.
Brookfield India Real Estate Trust IPO issue size
The new IPO from the company consists of both a fresh issue of shares as well as an Offer for Sale (OFS) component.
Through the fresh issue of shares, the company is likely to receive around Rs. 3,800 crores. That said, the quantum of shares to be issued through this fresh issue has not been revealed yet.
Through the Offer for Sale component, the promoters of the company are looking to offload their equity shares. The amount of funds to be collected through this OFS component is still shrouded in mystery.
Brookfield India Real Estate Trust IPO share price band
The company has decided to set a price band of around Rs. 274 to Rs. 275 per equity share for its latest IPO issue. Taking the face value per share into account, which is Rs. 10 per share, Brookfield India Real Estate Trust would be receiving around Rs. 264 to Rs. 265 per equity share as share premium.
Brookfield India Real Estate Trust IPO listing
The upcoming IPO of the company is to be listed on both the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE).
Brookfield India Real Estate Trust IPO objectives
Via the offer document, the company has notified the following points as the objectives of this public issue.
- For the partial or full repayment of existing indebtedness of the Asset SPVs.
- For general corporate purposes.