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Brookfield India REIT is a book built issue of Rs 3,800.00 crores. The issue is entirely a fresh issue.
Brookfield India REIT bidding started from February 3, 2021 and ended on February 5, 2021. The allotment for Brookfield India REIT was finalized on Thursday, February 11, 2021. The shares got listed on BSE, NSE on February 16, 2021.
Brookfield India REIT price band is set at ₹274 to ₹275 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹55,000.
Ambit Private Limited, Axis Capital Limited, Iifl Securities Ltd, J.P. Morgan India Private Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the Brookfield India REIT, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Brookfield India REIT RHP for detailed information.
| IPO Date | February 3, 2021 to February 5, 2021 |
| Listing Date | February 16, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹274 to ₹275 per share |
| Lot Size | 200 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹3,800.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹3,800.00 Cr) |
| Issue Type | Book Built Issue REIT |
| Listing At | BSE, NSE |
| Share holding pre issue | 164,619,801 |
| Share holding post issue | 302,801,601 |
Brookfield India REIT offers 76,278,200 shares. 41,605,400 (54.54%) to QIB, 34,672,800 (45.46%) to NII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| QIB Shares Offered | 41,605,400 (54.54%) |
| NII (HNI) Shares Offered | 34,672,800 (45.46%) |
| Total Shares Offered | 76,278,200 (100%) |
Brookfield India REIT opens on February 3, 2021, and closes on February 5, 2021.
| IPO Open Date | Wednesday, February 3, 2021 |
| IPO Close Date | Friday, February 5, 2021 |
| Basis of Allotment | Thursday, February 11, 2021 |
| Initiation of Refunds | Friday, February 12, 2021 |
| Credit of Shares to Demat | Friday, February 12, 2021 |
| Listing Date | Tuesday, February 16, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 5, 2021 |
Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| All Investors | 1 | 200 | ₹55,000 |
| Lot Size Calculator | |||
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
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 51,367.15 | 53,780.50 | 50,436.97 | 48,932.97 | |
| Total Revenue | 4,674.66 | 9,813.95 | 9,298.30 | 8,662.51 | |
| Profit After Tax | (739.22) | 151.22 | (157.45) | 1,610.84 | |
The net proceeds from the Brookfield India Real Estate Trust will be utilized for the following purposes:
[Dilip Davda] The issue is priced aggressively at negative P/E based on its FY21 H1 performance. Post pandemic, change in lifestyle and work from home has raised major concern on rental or leased office parks/premises. Two previous issues have shown average returns so far. Considering these, cash surplus, risk savvy investors may consider investment on their own risks. Read detail review...
The Brookfield India REIT is subscribed 7.94 times on February 5, 2021 5:00:00 AM. The public issue subscribed times in the retail category, 4.78 times in the QIB category, and 11.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 4.78 |
| NII | 11.52 |
| Total | 7.94 |
| Listing Date | February 16, 2021 |
| BSE Script Code | 543261 |
| NSE Symbol | BIRET |
| ISIN | INE0FDU25010 |
| Final Issue Price | ₹275 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹275.00 |
| ₹275.05 |
| ₹258.35 |
| ₹280.05 |
| ₹269.96 |
| NSE |
|---|
| ₹275.00 |
| ₹281.70 |
| ₹258.00 |
| ₹281.70 |
| ₹268.93 |
Brookfield India Real Estate Trust
Candor TechSpace IT/ ITES SEZ
Building 5A/10, Tikri (Near Subash Chowk)
Gurugram 122 018
Phone: +91 22 6600 0700
Email: reit.compliance@brookfield.com
Website: https://www.brookfieldindiareit.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: brookfield.reit@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager Reports
Brookfield India REIT is a main-board REIT of [.] equity shares of the face value of ₹10 aggregating up to ₹3,800.00 Crores. The issue is priced at ₹274 to ₹275 per share. The minimum order quantity is 200 Shares.
The REIT opens on February 3, 2021, and closes on February 5, 2021.
Link Intime India Private Ltd is the registrar for the REIT. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Brookfield India REIT using UPI as a payment gateway. Zerodha customers can apply in Brookfield India REIT by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Brookfield India REIT through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Brookfield India REIT opens on February 3, 2021 and closes on February 5, 2021.
Brookfield India REIT lot size is 200 Shares, and the minimum amount required is ₹55,000.
You can apply in Brookfield India REIT online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Brookfield India REIT will be done on Thursday, February 11, 2021, and the allotted shares will be credited to your demat account by Friday, February 12, 2021. Check the Brookfield India REIT allotment status.
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