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Brookfield India ReIT REIT is a book build issue .
Brookfield India ReIT REIT bidding started from Feb 3, 2021 and ended on Feb 5, 2021. The allotment for Brookfield India ReIT REIT was finalized on Feb 11, 2021. The shares got listed on BSE, NSE on Feb 16, 2021.
Brookfield India ReIT REIT price band is set at ₹275.00 per share . The lot size for an application is 200. The minimum amount of investment required by an retail is ₹54,800 (200 shares).
Ambit Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Brookfield India ReIT REIT RHP for detailed Information.
| IPO Date | February 3, 2021 to February 5, 2021 |
| Listing Date | February 16, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹274 to ₹275 per share |
| Issue Price Final | ₹275 per share |
| Lot Size | 200 Shares |
| Issue Type | Bookbuilding REIT |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 16,46,19,801 shares |
| Share Holding Post Issue | 30,28,01,601 shares |
Brookfield India ReIT REIT opens on February 3, 2021, and closes on February 5, 2021.
| IPO Open Date | Wed, Feb 3, 2021 |
| IPO Close Date | Fri, Feb 5, 2021 |
| Tentative Allotment | Thu, Feb 11, 2021 |
| Initiation of Refunds | Fri, Feb 12, 2021 |
| Credit of Shares to Demat | Fri, Feb 12, 2021 |
| Tentative Listing Date | Tue, Feb 16, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 5, 2021 |
Investors can bid for a minimum of 200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| All Investors | 1 | 200 | ₹55,000 |
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 Company Brookfield India ReIT REIT proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Partial or full pre-payment or scheduled repayment of the existing indebtedness of our Asset SPVs | 3,575.00 |
| 2 | General purposes | 35.00 |
[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...
| Listing Date | February 16, 2021 |
| BSE Script Code | 543261 |
| NSE Symbol | BIRET |
| ISIN | INE0FDU25010 |
| Final Issue Price | ₹275 per share |
Brookfield India Real Estate Trust ReIT
Candor TechSpace IT/ ITES SEZ
Building 5A/10,
Tikri (Near Subash Chowk)
Gurgaon, Haryana, 122018
Phone: +91 22 6600 0700
Email: reit.compliance@brookfield.com
Website: https://www.brookfieldindiareit.in/
MUFG Intime India Pvt.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 REIT is a main-board REIT of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹275 per share. The minimum order quantity is 200.
The REIT opens on February 3, 2021, and closes on February 5, 2021.
MUFG Intime India Pvt.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 REIT using UPI as a payment gateway. Zerodha customers can apply in Brookfield India ReIT REIT by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Brookfield India ReIT REIT through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Brookfield India ReIT REIT opens on February 3, 2021 and closes on February 5, 2021.
Brookfield India ReIT REIT lot size is 200, and the minimum amount required for application is ₹55,000.
You can apply in Brookfield India ReIT REIT online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Brookfield India ReIT 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 REIT allotment status.
The Brookfield India ReIT REIT listing date is on Tuesday, February 16, 2021.
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