Brookfield India REIT IPO GMP TODAY, Latest Grey Market Premium Updates

Brookfield REIT IPO GMP Today, Brookfield REIT IPO Grey Market Premium Updates | Brookfield IPO Listing Gain, Latest target, Opening gain

Brookfield India REIT, is going to launch its initial public offering (IPO) for subscription next week.

Brookfield India Real Estate Trust is India’s only institutionally managed public commercial real estate company, sponsored by an affiliate of Brookfield Asset Management (BAM), part of Brookfield Group.

The company has campus-format office parks strategically located in Mumbai, Noida, Gurugram, and Kolkata. Its portfolio comprises of 14.0 msf with 10.3 msf completed area, 0.1 msf under construction and 3.7 msf are of future development. Its completed area has an occupancy rate of 92%.

Multi-national corporations like Barclays, Bank of America Continuum, RBS, TCS, Cognizant, and Accenture are some of the clients of Brookfield India Real Estate Trust.

Check out Brookfield REIT IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Brookfield REIT IPO Details:

Issuer Brookfield India Real Estate Trust
Issue Type Book Built Issue IPO
Issue Period Issue Opens: February 03, 2021
Issue Closes: February 05, 2021
Price Brand ₹274 to ₹275 Per Share
Issue Size ₹3800 Crores
Face Value Rs.10 per Equity Share
Market Lot 200 Shares
Maximum Bid amount for Retail  
QIB % of the issue size
NIB % of the issue size
Retail Individual Bidders % of the issue size
Offer for Sale ₹ Cr
Fresh Issue ₹3800 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity Equity Shares
Grey Market Price Brookfield India REIT IPO GMP Today

Brookfield REIT IPO Review

Brookfield REIT IPO GMP Rates day by day

Brookfield REIT Grey market premium as on today (Updated Soon)

Date GMP (in INR) Kostak (in INR) Subject to Sauda
05 FEB 2021 NO GMP    
30 JAN 2021      
29 JAN 2021 0 0 ₹N/A
05 JAN 2021      

UPCOMING IPO IN FEBRUARY 2021

Brookfield REIT IPO Market Lot:

 Lot Size:  Minimum 200 Shares & Maximum  Shares
 Minimum Amount:  ₹55000/-
 Maximum Amount:

Brookfield REIT IPO Allotment & Listing:

 Basis of Allotment: February 11, 2021
 Refunds: February 12, 2021
 Credit to Demat Account: February 12, 2021
 Listing Date: February 17, 2021

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

– IGL Limited
– Issue Price: Rs 480 Per Equity Share (at upper band)
– Lot Size: 14
– Grey Market Premium: Rs 350 to Rs 360
– Kostak (Rs 100000): Rs 2500 to Rs 2600

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

Brookfield REIT IPO GMP FAQs

What is the Grey Market Premium (GMP) price of Brookfield REIT IPO?

The Grey Market Premium of Brookfield REIT IPO is approx. Rs.0 at the moment.

What is the Subject to Sauda price for Brookfield REIT IPO?

The Subject to Sauda price for Brookfield REIT IPO is approx. Rs. 00/-

How much will be listing gain in Brookfield REIT IPO?

Brookfield REIT IPO listing gain will be approx. Rs.00/- (update on a daily basis)

What is kostak price of Brookfield REIT IPO?

The Kostak price of Brookfield REIT IPO is approx. Rs 00/-.

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