Saturday, February 27, 2021

Brookfield India REIT Offer Details

Brookfield India REIT IPOBrookfield India REIT description – The Brookfield REIT is an institutionally managed public commercial real estate vehicle and is sponsored by an affiliate of Brookfield Asset Management (BAM) – one of the world’s largest alternative asset managers with approximately USD575 billion in assets under management, as of 30 September 2020. 

The REIT’s initial portfolio includes four large campus-format office parks, located in India’s key gateway markets – Mumbai, Gurugram, Noida and Kolkata. Its initial portfolio totals 14.0 msf, comprising 10.3 msf of Completed Area, 0.1 msf of Under Construction Area and 3.7 msf of Future Development Potential. The completed area has a Same Store Committed Occupancy of 92% (and a 87% Committed Occupancy, which includes the recently completed 0.5 msf at Candor Techspace N1) and is leased to marquee tenants with 75% of Gross Contracted Rentals contracted with multi-national corporations such as Barclays, Bank of America Continuum, RBS, Accenture, Tata Consultancy Services and Cognizant. 

Sponsors of Brookfield India REIT – BSREP India Office Holdings V Pte Ltd
Manager of Brookfield India REIT – Brookprop Management Services Private Limited

Brookfield India REIT IPO details

Subscription Dates 3 – 5 February 2021
Price Band INR274 – 275 per share 
Total IPO size INR3,800 crore
Minimum bid (lot size) 200 units
Face Value  Not applicable
Retail Allocation 25%
Listing On NSE, BSE
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Brookfield India REIT’s financial performance (in INR crore)

  FY2018 FY2019 FY2020 H1 FY2021
Revenue 866.3 929.8 981.4 467.5
Expenses 697.1 875.7 1,189.5 541.3
Comprehensive income 161.1 -15.7 15.1 -73.9
Net margin (%) 18.6 -1.7 1.5 -15.8

Brookfield India REIT Contact Details

Brookfield India Real Estate Trust
Candor TechSpace IT/ ITES SEZ
Building 5A/10, Sector-48
Tikri (Near Subash Chowk)
Gurugram 122 018, Haryana
Phone: +91 22 6600 0700
Email: [email protected] 
Website: www.brookfieldindiareit.in

Registrar of Brookfield India REIT IPO

Link Intime India Private Limited 
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected] 
Website: http://www.linkintime.co.in

Brookfield India REIT IPO Subscription Details

Category Shares offered Subscription (no. of times) 
Day 1 Day 2 Day 3  
Institutional Investors 41,605,400 0.03 0.51 4.78  
Non-Institutional Investors 34,672,800 0.30 0.70 11.73  
Total 76,278,200 0.14 0.59 7.94  

Brookfield India REIT IPO Allotment Status

Brookfield India REIT IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

Brookfield India REIT IPO Analyst Recommendation

Angel Broking – Neutral
Choice – Subscribe for long term
Ventura – Not rated
BP Wealth – Subscribe

 

Listing Performance of Brookfield India REIT

IPO Opening Date: 3 February 2021
IPO Closing Date: 5 February 2021
Finalisation of Basis of Allotment: 11 February 2021
Designated Date: 12 February 2021
Closing Date: 12 February 2021
Initiation of refunds
: 12 February 2021
Listing Date: 17 February 2021
Opening Price on NSE: INR281.7 per unit (up 2.44% from IPO price)
Closing Price on NSE: To be updated

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