Guidelines for determination of allotment and trading lot size for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)

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....vestment Trusts (InvITs) All Parties to REITs/InvITs All Recognized Stock Exchanges All Merchant Bankers Dear Sir/Madam, Sub: Guidelines for determination of allotment and trading lot size for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) 1. SEBI (Infrastructure Investment Trusts) Regulations, 2014 ("InvIT Regulations") and SEBI (Real Estate ....

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....50,000 for REITs, where such lot shall consist of 100 units. 3.2. Allotment to any investor shall be made in the multiples of a lot. 4. For follow-on offer, by a publicly offered InvITs/REITs, following guidelines shall be applicable: 4.1. Minimum allotment shall be of such number of lots, whose value is not less than Rs. 1 lakh for InvITs and Rs. 50,000 for REITs, where each ....

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.... 6.1. Asset cover available; 6.2. debt-equity ratio; 6.3. debt service coverage ratio; 6.4. interest service coverage ratio; 6.5. net worth; 7. This Circular is issued in exercise of powers conferred under Section 11(1) of Securities and Exchange Board of India Act, 1992 read with Regulation 33 of REIT Regulations and Regulation 33 of InvIT Regulations....