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Shares of recently listed companies, Home First Finance Company, Heranba Industries, Brookfield India Real Estate Trust REIT and Nureca hit their respective lows since listing on the bourses. These stocks were down between 2 per cent and 8 per cent on the BSE in the intra-day trade on Monday. In comparison, the S&P BSE Sensex was down 1.7 per cent at 49,925 points at 02:04 pm.
Shares of agrochemicals company Heranba Industries, for instance, slipped 7 per cent to Rs 708 on the BSE. With today’s fall, the stock has declined 25 per cent from its listing day high of Rs 945 hit on March 5, 2021. The stock had made a strong debut at Rs 900, a 43.5 per cent premium against the issue price of Rs 627 per share.
Read more about Brookfield India REIT sees tepid listing, debuts at Rs 279 per share on Business Standard. The initial public offer by Brookfield REIT got subscribed 8 times on the final day of subscription
Read more about Market Ahead, Feb 5: Top factors that could guide markets today on Business Standard. The initial public offer of Brookfield India Real Estate Investment Trust (REIT) was subscribed 77% on Thursday, the second day of subscription. The IPO closes for subscription today
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Brookfield India REIT initial public offer subscribed 8 times
The initial public offer of Brookfield India Real Estate Investment Trust (REIT) got subscribed 8 times on the final day of subscription on Friday. It received bids for 60,59,44,400 units against 7,62,78,200 units on offer. The category meant for institutional investors was subscribed 4.80 times and those for other investors 11.78 times.
Brookfield India hit the capital market with its REIT public issue on Wednesday to raise up to Rs 3,800 crore. On Tuesday, Brookfield India s REIT mopped up Rs 1,710 crore from anchor investors.
The initial public offer of Brookfield India REIT had a price band of Rs 274-275 apiece.