Brookfield REIT IPO subscribed 15% on day 1

Brookfield REIT IPO subscribed 15% on day 1

ET Bureau

Synopsis

The IPO features a fresh procedure of things at a mark band of Rs 274-Rs 275. It closes on Friday.

The non-institutional allotment turned into once subscribed 30 per cent whereas the institutional patrons are yet to snort.

Mumbai: The preliminary public provide of Brookfield India Valid Estate Belief (REIT) turned into once subscribed 15% on Wednesday, the hole day for the procedure. The Rs 3,800 crore procedure got bids for 1.15 crore items out of the 7.63 crore items on provide.

The non-institutional allotment turned into once subscribed 30 per cent whereas the institutional patrons are yet to snort.

The Brookfield REIT is the third such IPO after Mindspace and Embassy REITs. It is India’s excellent institutionally managed public commercial realty car. The IPO features a fresh procedure of things at a mark band of Rs 274-Rs 275. It closes on Friday.

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