Brookfield India REIT IPO Share Allotment: The IPO of Brookfield India Real Estate Trust, an Indian company owned by Canadian asset management company Brookfield Asset Management Inc, has received a good response from investors. Share allocation has also been finalized in the IPO. The IPO was open from 3 to 5 February, during which it was subscribed 7.94 times. The size of the IPO was 7.62 crore equity shares, while bids were received for 60.5 crore equity shares. For institutional investors, the reserved share was 4.8 times, while for others, the reserve was 11.7 times. In such a situation, if you have also bid in the IPO, then you would like to know whether you got the share or not.
the option 1: BSE From the website of
For this, first, you have to go to the BSE website.
After that, the equity box has to be checked.
Then you have to enter the issue name in the dropdown.
After that, you have to type your application number in the box.
After that, you will have to provide information about your PAN number.
Finally, you have to click on the search button, after which the complete information will be revealed.
the option 2: On the registrar’s website
Link Intime India is the registrar for this issue.
The registrar for this IPO is Link Intime India, whose website has to be visited.
The website is https://www.linkintime.co.in/IPO/public-issues.html.
In the dropdown type the company name.
After that enter PAN number, application number or depository/client ID in the box
Then enter the captcha and click on the search button.
3800 crore IPO
The company plans to raise Rs 3800 crore through this REIT IPO. This IPO was open from 3 February to 5 February. The company had fixed the price band for the IPO at Rs 274-275 per share. The company says that the funds received from the IPO will be used to reduce debt.
The financial health of the company
Brookfield India REIT had a profit of 15.12 crores in the fiscal year 2020. Whereas the company had a loss a year ago. At the same time, the company’s total income was Rs 981 crore with 5.54 percent growth. The company had a total debt of Rs 6952 crore as of March 2020. Brookfield Manager’s Global is an asset of $ 57800 million. Brookfield India has appointed Bank of America, Citigroup and Morgan Stanley as its lead managers for the IPO.
what happens REIT IPO
REIT is a real estate investment trust that allows investors to invest in units or portfolios of real estate assets. In this, investors are not the owners of any physical property, but they get some percentage share in the earnings from that property. When these companies bring an IPO from the general public and other investors to raise funds for the development or construction of a real estate property, they are called REIT IPOs. In this too, the company raises money from people and institutional investors just like a normal IPO.