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Brookfield India REIT initial public offer subscribed 77 per cent
The initial public offer of Brookfield India Real Estate Investment Trust (REIT) was subscribed 77 per cent on Thursday, the second day of subscription. It received bids for 5,88,18,600 units against 7,62,78,200 units on offer, according to an update on NSE. Institutional investors category was subscribed 53 per cent, while other investors portion 1.06 times.
Brookfield India hit the capital market with its REIT public issue on Wednesday to raise up to Rs 3,800 crore.
Investment firm Brookfield India's REIT on Tuesday raised Rs 1,710 crore from anchor investors.
The initial public offer of Brookfield India REIT has a price band of Rs 274-275 apiece and closes on February 5.