Brookfield India Real Estate Trust IPO Review

REIT Status: Closed [3rd Feb 2021 to 5th Feb 2021]

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About Brookfield India Real Estate Trust IPO

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.

About Company- Brookfield India Real Estate Trust

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.

Brookfield India REIT Objective

The aim of Brookfield India Real Estate Trust IPO is to raise money for the below objectives;

  • To pay company's existing debt of Asset SPV partially or fully.
  • To use funds for general corporate purposes.

Brookfield India REIT Details

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 REIT Details
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

Brookfield India REIT Live Subscription (NSE + BSE)

The table below is live update of REIT bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 41,605,400 Shares
  • Non-Institutional Investors: 34,672,800 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIITotal
 # of Shares Offered41,605,40034,672,80076,278,200
13rd Feb 2021 05:020.02x0.25x0.15x
24th Feb 2021 05:020.53x0.96x0.77x
35th Feb 2021 05:024.78x11.52x7.94x

Brookfield India Financials for past 3 Years

Past performance and financial results of Brookfield India.

Brookfield India financial
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

Brookfield India REIT Strengths

  • Part of one of the largest global asset management company, Brookfield Asset Management.
  • Properties at Mumbai, Gurugram, Kolkata, and Noida.
  • Diversified customer base in IT, healthcare, analytics, and financial service sector.
  • Experienced team of managers.

Brookfield India REIT Threats/Weaknesses

  • Ability to acquire or dispose asset and new investment opportunity is subject to REIT regulations.
  • Uncertain impact of COVID-19 pandemic on business operations.
  • Business performance is dependent upon the performance of commercial real estate market in India.

Brookfield India REIT Important Dates

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.

Brookfield India REIT important dates
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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@
  NRI Form ⇒

Brookfield India REIT DRHP >>Document

Brookfield India REIT RHP >>Document

Brookfield India REIT Allotment Status >>Link

Company Address

Brookfield India Real Estate Trust


Candor TechSpace IT/ ITES SEZ,
Building 5A/10, Tikri (Near Subash Chowk), Gurgram,
Haryana - 122018, India
Website: https://www.brookfieldindiareit.in/
Email: [email protected]
Phone: +91 22 6600 0700

Registrar

Link Intime India Private Limited
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083 E-mail:[email protected] Website:http://www.linkintime.co.in/

Lead Manager

  1. Ambit Private Limited
  2. Axis Capital Limited
  3. IIFL Holdings Limited
  4. J.P. Morgan India Private Limited
  5. JM Financial Consultants Private Limited
  6. Kotak Mahindra Capital Company Limited
  7. SBI Capital Markets Limited
Brookfield India REIT Important dates - Issue Open Date, close Date, REIT Listing Date. REIT Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, REIT Listing date. What is the issue open date and close date for Brookfield India? Should I apply in Brookfield India REIT?

Last Updated on 2021-02-15T08:26:20+00:00

Brookfield India REIT FAQs

  1. 1. How to subscribe Brookfield India REIT with Zerodha?

    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

    Other relevant questions :

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  2. 2. How to apply in Brookfield India REIT online?

    Apply in Brookfield India REIT online

    To subscribe or apply in Brookfield India REIT, you can use the following methods:

    Brookfield India REIT Applying ModeMethodDetails
    Online Application3-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 Application2-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 ApplicationASBA

    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 ApplicationPhysical 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

    Other relevant question on same topics are:

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  3. 3. How to download online application form for Brookfield India REIT?

    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

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 200 and max 600 shares (3 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Brookfield India REIT?

    Brookfield India REIT is going to be list on 17-02-2021.

    Other relevant questions:

    When Brookfield India REIT will be listing? Brookfield India REIT listing date?Brookfield India REIT date of listing

     

  5. 5. When Brookfield India REIT will be allocated?

    Brookfield India REIT Allotment Date is 11-02-2021.

    Other relevant questions:

    Brookfield India REIT share allotment date?Brookfield India REIT allotment date?

     

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User Comments

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5. ehtesham kazmi  1/27/2021 11:45:57 PM Reply
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