REIT Status: Closed [3rd Feb 2021 to 5th Feb 2021]
Brookfield India Real Estate Trust is India's only institutionally managed public commercial real estate company that is coming with an IPO of issue size of Rs. 3800 crore. Brookfield India REIT IPO opening date is 2 Feb 2021 and the closing date is 5 Feb 2021. It is a Book Building IPO that price range is Rs. 274 - Rs. 275 per share and IPO lot size is 200 shares. The face value of Brookfield India REIT is Rs. 10 per share and the IPO floor price is 27.4 times and the cap price is 27.5 times the face value. Get Brookfield India REIT IPO review including tentative timeline, IPO lot size, issue price, DRHP, RHP, company overview, strengths, weakness, financials, and more.
Brookfield India Real Estate Trust is India's only institutionally managed public REIT. An affiliate of Brookfield Asset Management (A global asset management company and a part of Brookfield Group) is the sponsor of the company. The aim of the company is to become the leader of high-quality income from commercial real estate.
Brookfield India REIT portfolio is spread in 14.0 MSF area with large community parks in four gateway office markets of India including Kensington (Mumbai), Candor Techspace G2 (Gurugram), Candor Techspace N1 (Noida), and Candor Techspace K1 (Kolkata). Currently, 0.1 MSF area are under construction, 10.3 MSF area is part of completed construction, and the rest 3.7 MSF is for future projects. Its committed occupancy rate is 87%.
It has a customer base in the diversified sector such as technology, healthcare, financial services, and others. The company has 75% of gross contractual rental with top 10 clients including Accenture, TCS, Cognizant, Sapient, RBS, Bank of America Continuum, A Big 4 Accounting Firm, Barclays, Amdocs, and Wipro.
The aim of Brookfield India Real Estate Trust IPO is to raise money for the below objectives;
Brookfield India REIT details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
| Brookfield India Issue Details | Values |
|---|---|
| IPO Category: | REIT |
| REIT Issue Type: | Book Built Issue IPO |
| REIT Issue Size: | ₹3,800 Cr. |
| Fresh Issue: | ₹3,800 Cr. |
| Face Value: | ₹10 Per Equity Share |
| REIT Issue Price: | ₹274-275 |
| REIT Discount: | NA |
| Market Lot: | 200 Shares |
| Min Retail Qty: | 200 shares (1 lot) |
| Max Retail Qty: | 600 shares (3 lots) |
| Promoter Holding Pre IPO: | |
| Promoter Holding Post IPO: | |
| IPO Listing At: | BSE, NSE |
The table below is live update of REIT bidding details from NSE and BSE.
| Day | QIB | NII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 41,605,400 | 34,672,800 | 76,278,200 | 1 | 3rd Feb 2021 05:02 | 0.02x | 0.25x | 0.15x | 2 | 4th Feb 2021 05:02 | 0.53x | 0.96x | 0.77x | 3 | 5th Feb 2021 05:02 | 4.78x | 11.52x | 7.94x |
Past performance and financial results of Brookfield India.
| Brookfield India Real Estate Trust Financials | 30-Sep-2020 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 |
|---|---|---|---|---|
| Total Assets | ₹5,136.72 Cr | ₹5,378.05 Cr | ₹5,043.70 Cr | ₹4,893.30 Cr |
| Total Income | ₹467.47 Cr | ₹981.39 Cr | ₹929.83 Cr | ₹866.25 Cr |
| Net Profit/Loss | ₹(73.92) Cr | ₹15.12 Cr | ₹(15.75) Cr | ₹161.08 Cr |
In this section we have covered all important dates related to Brookfield India REIT. Dates are updated as they are announced. The most noted dates are REIT start date and REIT end date, which one should use to participate in REIT.
| REIT Activity | Date |
|---|---|
| REIT Issue Open Date | 3rd Feb 2021 |
| REIT Issue Close Date | 5th Feb 2021 |
| Basis of Allotment Finalisation Date* | 11th Feb 2021 |
| Refunds Initiation* | 12th Feb 2021 |
| Credit of Shares to Demat Account* | 12th Feb 2021 |
| REIT Listing Date* | 17th Feb 2021 |
* - Tentative Dates
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Brookfield India REIT DRHP >>Document
Brookfield India REIT RHP >>Document
Brookfield India REIT Allotment Status >>Link
Brookfield India Real Estate Trust
Candor TechSpace IT/ ITES SEZ, Building 5A/10, Tikri (Near Subash Chowk), Gurgram, Haryana - 122018, IndiaLast Updated on 2021-02-15T08:26:20+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Brookfield India REIT with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Brookfield India REIT with Zerodha.
Alternate approch to apply in Brookfield India REIT is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Brookfield India REIT Review and Important Updates
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To subscribe or apply in Brookfield India REIT, you can use the following methods:
| Brookfield India REIT Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Brookfield India REIT directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Brookfield India REIT with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Brookfield India REIT. Most of the Syndicate Banks provide access to apply in Brookfield India IPO via ASBA process. You must have your net banking access, DP ID information to apply in Brookfield India REIT via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Brookfield India REIT via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Brookfield India REIT Review and Important Updates
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Applying in Brookfield India REIT is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Brookfield India REIT application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Brookfield India REIT, please refer article >> Link
Brookfield India REIT Review and Important Updates
Steps to download the online application form for Brookfield India REIT
Or
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Brookfield India REIT is going to be list on 17-02-2021.
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Brookfield India REIT Allotment Date is 11-02-2021.
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