InvestorQ : How was the Brookfield REIT listing this week? Do you see the price picking up?
Arusha Ray made post

How was the Brookfield REIT listing this week? Do you see the price picking up?

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1 week ago
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Brookfield India REIT, which recently listed on the bourses following its IPO, actually closed below its issue price on Tuesday, 16 February. The stock closed at Rs.269.20, which is well below the IPO issue price of Rs.275. During the day of listing, the Brookfield touched an intraday high of Rs.281.70 and a low of Rs.258 on NSE.

It may be recollected that earlier in February, the Brookfield REITs Rs.3,800-crore IPO had been oversubscribed nearly 8 times. Brookfield will use the proceeds of this issue to cut down on its debt pile. This is the third REIT to be listed in India after Embassy and Mindspace. The other two REITs have done well post listing.

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