The Brookfield REIT (Real Estate Investment Trust) is India’s only institutionally managed public commercial real estate. Sponsored by an affiliate of Brookfield Asset Management (BAM), which is one of the world’s largest alternative asset managers with approximately US$550 billion in assets under management.
Brookfield’s Initial Portfolio comprises 14.0 msf with office parks located in Mumbai, Gurugram, Noida, and Kolkata. In addition, Brookfield has 8.3 msf in Call Option Properties and Rights Of First Offer on an additional 6.7 msf, both currently owned by members of the Brookfield Group.
Brookfield REIT will become the third REIT to list on exchanges after Embassy REIT and Mindspace REIT. Brookfield aims to raise Rs. 3800 through the public offering. For more information about you can refer to the IPO Prospectus filed by the company.
Indicative Timetable
| Event | Date |
|---|---|
| Issue Period | 3rd February 2021 - 5th February 2021 |
| Price Range | 274 - 275 |
| Minimum Bid Quantity | 200 and in multiples theof |
| Finalisation of Allotment | 11th February 2021 |
| Initiation of Refunds | 12th February 2021 |
| Credit of Shares | 12th February 2021 |
| Listing | 17th February 2021 |
How do I apply for the Brookfield REIT IPO?
The UPI IPO method for applying is not yet available for REITs, you will have to apply using the Netbanking ASBA service provided by your bank.
You will need to enter the following details for your application:
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Demat ID - This is a 16-digit number used to identify your demat account. It is unique for every client. You can find your demat ID under DP IDs on your Kite profile.
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Depository - CDSL
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DP Name - Zerodha
You can read this post explaining the process in detail.
The application amount will be blocked in your bank account and will be deducted only if you receive an allotment of the units which will be added to your demat account.