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The Brookfield REIT is a publicly traded institutionally managed commercial real estate entity sponsored by a subsidiary of Brookfield Asset Management (BAM), one of the world’s largest alternative asset managers with about USD575 billion in assets under management as of 30 September 2020.
The first portfolio of the REIT includes four big campus-format office parks in India’s main gateway cities of Mumbai, Gurugram, Noida, and Kolkata. Its original portfolio is 14.0 msf in size, with 10.3 msf completed, 0.1 msf under construction, and 3.7 msf of future development potential.
The completed area has a Same Store Committed Occupancy of 92% (and a 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.
| Subscription Dates | 3 – 5 February 2021 |
| Price Band | INR274 – 275 per share |
| Total IPO size | INR3,800 crore |
| Minimum bid (lot size) | 200 units |
| Face Value | Not applicable |
| Retail Allocation | 25% |
| Listing On | NSE, BSE |
| 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 |
NSE : 543261
ISIN CODE : INE0FDU25010
BSE : BIRET
Angel Broking – Neutral
Choice – Subscribe for long term
Ventura – Not rated
BP Wealth – Subscribe
IPO Opening Date: 3 February 2021
IPO Closing Date: 5 February 2021
Finalisation of Basis of Allotment: 11 February 2021
Designated Date: 12 February 2021
Closing Date: 12 February 2021
Initiation of refunds: 12 February 2021
Listing Date: 16 February 2021
Opening Price on NSE: INR281.7 per unit (up 2.44% from IPO price)
Closing Price on NSE: INR268.93 per unit (down 2.21% from IPO price)
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
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: brookfield.reit@linkintime.co.in
Website: http://www.linkintime.co.in
Category | Shares offered | Subscription (no. of times) | ||
Day 1 | Day 2 | Day 3 | ||
Institutional Investors | 41,605,400 | 0.03 | 0.51 | 4.78 |
Non-Institutional Investors | 34,672,800 | 0.30 | 0.70 | 11.73 |
Total | 76,278,200 | 0.14 | 0.59 | 7.94 |
Brookfield India Real Estate Trust REIT IPO is a main-board IPO of ₹ [.] per equity shares of the face value of ₹10 aggregating up to ₹ 3800.00 Crores. The issue is priced at ₹274 to ₹275 per equity share. The minimum order quantity is 200 Shares. The initial public offering (IPO) date Feb 3, 2021. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and BSE.
The Brookfield India Real Estate Trust REIT IPO opening date is Feb 3, 2021 and closing date is Feb 5, 2021.
Brookfield India Real Estate Trust REIT IPO Market lot size is 200 Shares and the minimum order quantity is 200 Shares.
Brookfield India Real Estate Trust REIT IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Brookfield India Real Estate Trust REIT IPO will be done on Feb 12, 2021 and the allotted shares will be credited to your demat account by Feb 5, 2021. Check the Indian Brookfield India Real Estate Trust REIT IPO allotment status.
The Brookfield India Real Estate Trust REIT IPO listing date is Feb 17, 2021.
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