Brookfield India REIT IPO will be open for subscription from 03 FEB 2021 to 05 Feb 2021. the company aims an issue size of ₹3800 Crore (approx) through this Book Built Issue REIT.
Also read: IPO List 2021: a complete list of IPOs in 2021
Brookfield India REIT
The Brookfield REIT is an institutionally managed public commercial real estate vehicle and is sponsored by an affiliate of Brookfield Asset Management (BAM) – one of the world’s largest alternative asset managers with approximately USD575 billion in assets under management, as of 30 September 2020.
The REIT’s initial portfolio includes four large campus-format office parks, located in India’s key gateway markets – Mumbai, Gurugram, Noida, and Kolkata. Its initial portfolio totals 14.0 msf, comprising 10.3 msf of Completed Area, 0.1 msf of Under Construction Area, and 3.7 msf of Future Development Potential. The completed area has the Same Store Committed Occupancy of 92% (and an 87% Committed Occupancy, which includes the recently completed 0.5 msf at Candor Techspace N1) and is leased to marquee tenants with 75% of Gross Contracted Rentals contracted with multi-national corporations such as Barclays, Bank of America Continuum, RBS, Accenture, Tata Consultancy Services and Cognizant.
Objective of the Issue
- To make partial or full payment of existing indebtedness of the Asset SPVs.
- To meet general corporate purposes.
Competitive strength
- Global sponsorship by an affiliate of Brookfield Asset Management.
- Strategically located properties.
- Diversified tenant base across sectors.
- strong internal and external growth opportunities.
- Experienced senior management team.
Dates to remember
| IPO Opening date | 03 February 2021 |
| IPO Closing date | 05 February 2021 |
| Basis of Allotment date | 11 February 2021 |
| Initiation of Refunds | 12 February 2021 |
| Credit to Demat Account | 12 February 2021 |
| Listing Date | 17 February 2021 |
IPO details
| Issue type | Book Built Issue REIT |
| IPO issue size | ₹3800 Crore (approx) |
| Number of shares offered | – |
| Face value | ₹10 per equity share |
| Price band | ₹274 to ₹275 per equity share |
| Retail portion | 25% |
| Lot size | 200 Nos |
| Minimum application | 1 lot –200 shares |
| Minimum application amount | ₹55000 |
| Listing Exchange | BSE, NSE |
Financial summary
| Brookfield India REIT’s financial performance (in INR crore) | ||||
| FY2018 | FY2019 | FY2020 | H1 FY2021 | |
| Revenue | 866.3 | 929.8 | 981.4 | 467.5 |
| Expenses | 697.1 | 875.7 | 1,189.5 | 541.3 |
| Comprehensive income | 161.1 | -15.7 | 15.1 | -73.9 |
| Net margin (%) | 18.6 | -1.7 | 1.5 | -15.8 |
Sponsors of Brookfield India REIT
- BSREP India Office Holdings V Pte Ltd
Manager of Brookfield India REIT
- Brookprop Management Services Private Limited
Brookfield India REIT IPO Lead Managers
- Ambit Private Limited
- Axis Capital Limited
- IIFL Holdings Limited
- J.P. Morgan India Private Limited
- JM Financial Consultants Private Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
Brookfield India REIT IPO Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: brookfield.reit@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Details
Brookfield India Real Estate Trust
Candor TechSpace IT/ ITES SEZ
Building 5A/10, Sector-48
Tikri (Near Subash Chowk)
Gurugram 122 018, Haryana
Phone: +91 22 6600 0700
Email: reit.compliance@brookfield.com
Website: www.brookfieldindiareit.in
Brookfield India REIT IPO Subscription Status
| Category | Day 1 | D 2 | D 3 |
| QIB | 0.03x | 0.53x | 4.78x |
| NII | 0.26x | 0.96x | 11.52x |
| Total | 0.15x | 0.77x | 7.94x |
Allotment Status
Check Brookfield India REIT IPO allotment status on Linkintime website allotment URL. Click Here
Final thoughts
Brookfield India REIT IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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