IPO Central

Brookfield 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

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: 16 February 2021
Opening Price on NSE: INR281.7 per unit (up 2.44% from IPO price)
Closing Price on NSE: INR268.93 per unit (down 2.21% from IPO price)