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Brookfield India REIT sees tepid listing, debuts at Rs 279 per share

The initial public offer by Brookfield REIT got subscribed 8 times on the final day of subscription

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SI Reporter New Delhi
Shares of Brookfield India’s Real Estate Investment Trust (REIT) listed at Rs 279 on the NSE on Tuesday, a premium of 1.45 per cent over its issue price of Rs 275 per share. Meanwhile, on the BSE, the scrip listed flat at Rs 275.05 per share.

The initial public offer by Brookfield REIT got subscribed 8 times on the final day of subscription and 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.

"The net proceeds from the public