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 Date | Feb 03, 2021 |
| IPO Closing Date | Feb 05, 2021 |
| Issue Type | Book Built Issue REIT |
| Face Value | ₹10 per equity share |
| IPO Price | ₹274 - 275 per equity share |
| Market Lot | 200 Shares |
| Min Order Quantity | 200 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹3,800 Cr |
| Fresh Issue | Eq 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 Date | Feb 03, 2021 |
| IPO Close Date | Feb 05, 2021 |
| Basis of Allotment Date | Feb 11, 2021 |
| Initiation of Refunds | Feb 12, 2021 |
| Credit of Shares to Demat Account | Feb 12, 2021 |
| IPO Listing Date | Feb 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 200 | ₹55000 |
| Maximum | 1 | 200 | ₹55000 |
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.
