What is Real Estate Investment trust (REIT) and how to invest in REIT IPOs through Jainam?

What is Real Estate Investment trust (REIT) and how to invest in REIT IPOs through Jainam?

1) Real Estate Investment Trusts (REITs): -  

  • REITs are like mutual funds for real estate investment. Investors pool their money, and a REIT invests in commercial properties. Returns come from rental income and property value appreciation.

2) Applying REIT through Jainam:

  • REIT IPOs can be applied on Space app and web like any other IPO only.

3) Things to note before Appling for REIT IPO: - 

  • The Retails investor category is not available for this IPO and you will be  able to make an application only in the Non-Institutional Investor (NII) Category.
  • Once Submitted, IPO Applications in the NII Category cannot be cancelled. 
  • The Bid can only be modified upwards.
  • You can make application using UPI on Space for up to Rs. 5 Lakhs.