Brookfield India Real Estate Trust REIT
Mainboard₹55,000 / 200 Shares
IPO Details
Brookfield India Real Estate Trust REIT IPO is priced between ₹274-275 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Private Ltd is managing the issue as the registrar.
The IPO bidding period opened on 3 Feb, 2021, and closed on 5 Feb, 2021. The allotment results will be announced on 11 Feb, 2021, with a tentative listing date set for 16 Feb, 2021.
The total issue comprises Total Equity Shares 13,81,81,818 of ₹10/- at price of ₹274/- to ₹275/- with aggregating up to ₹3800.00/- Cr# Fresh Issue of 13,81,81,818 Equity Shares of ₹10/- at price of ₹274/- to ₹275/- with aggregating up to ₹3800.00/- Cr, amounting to .
Brookfield India Real Estate Trust REIT IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Feb 3, 2021 - Feb 5, 2021 | 16 Feb, 2021 | ₹10 Per Equity Share | ₹274-275 per equity share | - | Shares | - | BSE, NSE |
Brookfield India Real Estate Trust REIT IPO Timeline
Issue Price
₹274-275 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdMarket Lot
200 Shares (₹55,000/-)Lead Manager
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 LimitedIssue Size
Total Equity Shares 13,81,81,818 of ₹10/- at price of ₹274/- to ₹275/- with aggregating up to ₹3800.00/- Cr# Fresh Issue of 13,81,81,818 Equity Shares of ₹10/- at price of ₹274/- to ₹275/- with aggregating up to ₹3800.00/- CrRetail Portion
Non Institutional Portion (Including Retail) is 25%Subscription
7.97 timesBrookfield India Real Estate Trust REIT IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sept 20 | 5136.71 | 467.46 | (73.92) | - | - | - |
| 31 Mar 20 | 5378.05 | 981.39 | 15.12 | - | - | - |
| 31 Mar 19 | 5043.69 | 929.83 | (15.74) | - | - | - |
| 31 Mar 18 | 4893.29 | 866.25 | 161.08 | - | - | - |
All values are in ₹ Cr.
About Company
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.
Brookfield India Real Estate Trust REIT IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 41,605,400 | 34,672,800 | N/A | 76,278,200 |
| Day 1 - 03-02-21 05:00 PM | 0.03 x | 0.30 | N/A x | 0.15 x |
| Day 2 - 04-02-21 05:00 PM | 0.54 x | 1.06 | N/A x | 0.77 x |
| Day 3 - 05-02-21 05:00 PM | 4.80 x | 11.78 | N/A x | 7.97 x |
Brookfield India Real Estate Trust REIT IPO - Issue Objectives
- To make partial or full payment of existing indebtedness of the Asset SPVs.
- To meet general corporate purposes.