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|
|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
|UPCOMING IPO||UPCOMING DIVIDEND|
|UPCOMING BUYBACK||UPCOMING NCD 2021|
|Best Stocks to buy||Latest IPO Grey Market Premium|
Brookfield REIT IPO Market Lot:
|Lot Size:||Minimum 200 Shares & Maximum Shares|
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|
– 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
The Grey Market Premium of Brookfield REIT IPO is approx. Rs.0 at the moment.
The Subject to Sauda price for Brookfield REIT IPO is approx. Rs. 00/-
Brookfield REIT IPO listing gain will be approx. Rs.00/- (update on a daily basis)
The Kostak price of Brookfield REIT IPO is approx. Rs 00/-.