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Brookfield India Real Estate Trust IPO Review

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

Rated 3.5/5 by Team InvestorGain
Brookfield India REIT Detail

Brookfield India REIT Details

REIT Issue Opening Date: 3rd Feb 2021
REIT Issue Closing Date: 5th Feb 2021
REIT Issue Price: ₹274-275 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: TBD
REIT Issue Type: Book Build Issue
REIT Issue Size: ₹3,800 Cr.
Fresh Issue: ₹3,800 Cr.
Face Value: ₹10 Per Equity Share
REIT Discount: NA
Promoter Holding Pre IPO:
Promoter Holding Post IPO:
Allotment Status: Allotment Status

Brookfield India REIT Important Dates

Get important updates regarding Brookfield India REIT tentative timeline covering REIT opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Brookfield India REIT dates
REIT Activity Date
Basis of Allotment Date* 11th Feb 2021
Refunds Initiation* 12th Feb 2021
Credit of Shares to Demat* 12th Feb 2021
REIT Listing Date* 17th Feb 2021

* - Tentative Dates

Brookfield India REIT Lots

REIT Activity Date
Issue Price ₹274-275
Market Lot: 200 Shares
1 Lot Amount: ₹55000
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Brookfield India

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 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.
Incorporation Sector IPO Issue Size Website
NULL NULL ₹3,800 Cr. https://www.brookfieldindiareit.in/

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.
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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 Offered41,605,400 (54.54%)34,672,800 (45.46%)76,278,200
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 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

Company Address

Brookfield India Real Estate Trust
Candor TechSpace IT/ ITES SEZ
Building 5A/10, Tikri (Near Subash Chowk), Gurgram,Haryana-122 018
India
Website: https://www.brookfieldindiareit.in/
Phone: +91 22 6600 0700
Email: [email protected]

Brookfield India REIT Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]
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 13-Apr-2021 01:08:07


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