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Brookfield India Real Estate Trust REIT IPO Detail

Brookfield India Real Estate Trust REIT IPO Detail

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.

Competitive Strengths

  • 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.

Company Promoters

BSREP India Office Holdings V Pte. Ltd is the promoter of the company.

IPO Details

IPO Opening DateFeb 03, 2021
IPO Closing DateFeb 05, 2021
Issue TypeBook Built Issue REIT
Face Value₹10 per equity share
IPO Price ₹274 - 275 per equity share
Market Lot200 Shares
Min Order Quantity200 Shares
Listing AtBSE, NSE
Issue Size₹3,800 Cr
Fresh IssueEq Shares of ₹10 (aggregating up to ₹3,800.00 Cr)
Offer for Sale-
Retail Portion -

IPO Tentative Timetable

The Brookfield India Real Estate Trust REIT IPO open date is Feb 03, 2021, and the close date is Feb 05, 2021. The issue may list on Feb 17, 2021.

IPO Open DateFeb 03, 2021
IPO Close DateFeb 05, 2021
Basis of Allotment DateFeb 11, 2021
Initiation of RefundsFeb 12, 2021
Credit of Shares to Demat AccountFeb 12, 2021
IPO Listing DateFeb 17, 2021

IPO Lot Size

The Brookfield India Real Estate Trust REIT IPO market lot size is 200 shares. A retail-individual investor can apply for up to 1 lots (200 shares or ₹55000).

ApplicationLotsSharesAmount (Cut-off)

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
30-Sep-20 51,367.15 4,674.66 739.22
31-Mar-20 53,780.50 9,813.95 151.22
31-Mar-19 50,436.97 9,298.30 157.45
31-Mar-18 48,932.97 8,662.51 1,610.84

Objects of the Issue:

The net proceeds from the Brookfield India Real Estate Trust will be utilized for the following purposes:

  • To make partial or full payment of existing indebtedness of the Asset SPVs.
  • To meet general corporate purposes.