Bookbuilding REIT | ₹3,800 Cr | Listed at BSE, NSE | Wed, Feb 3, 2021 - Fri, Feb 5, 2021
Brookfield India ReIT REIT is a book build issue of ₹3,800.00 crores. The issue is entirely a fresh issue of 13.82 crore shares of ₹3,800.00 crore.
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 per share. The lot size for an application is 200. The minimum amount of investment required by an retail is ₹55,000 (200 shares) (based on upper price).
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 Open
Wed, Feb 3, 2021
IPO Close
Fri, Feb 5, 2021
Final Issue Price
₹275.00 per share
Market Cap (Pre-IPO)
₹8,327.04 Cr
| IPO Date | 3 to 5 Feb, 2021 |
| Listed on | Tue, Feb 16, 2021 |
| Price Band | ₹274.00 to ₹275.00 |
| Final Issue Price | ₹275.00 per share |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding REIT |
| Listing At | BSE, NSE |
| Total Issue Size | 13,81,81,800 shares (agg. up to ₹3,800 Cr) |
| Fresh Issue | 13,81,81,800 shares (agg. up to ₹3,800 Cr) |
| Share Holding Pre Issue | 16,46,19,801 shares |
| Share Holding Post Issue | 30,28,01,601 shares |
| BSE Script Code / NSE Symbol | 543261 / BIRET |
| ISIN | INE0FDU25010 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Issue |
| NII Shares Offered | Not less than 25% of the Issue |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| 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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Brookfield India REIT is subscribed 7.94 times on February 5, 2021 5:00:00 AM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.78 | 4,16,05,400 | 19,89,03,800 |
| NII | 11.52 | 3,46,72,800 | 39,95,52,600 |
| Total | 7.94 | 7,62,78,200 | 60,59,44,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commission to advisors to this Issue | 130.00 |
| 2 | Fee payable to others | 60.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹275.00 | ₹275.00 |
| Open | ₹275.05 | ₹281.70 |
| Low | ₹258.35 | ₹258.00 |
| High | ₹280.05 | ₹281.70 |
| Last Trade | ₹269.96 | ₹268.93 |
Lead Manager Reports
Brookfield India ReIT REIT is a main-board REIT of 13,81,81,800 equity shares of the face value of ₹10 aggregating up to ₹3,800 Crores. The issue is priced at ₹275.00 per share. The minimum order quantity is 200.
The REIT opens on Wed, Feb 3, 2021, and closes on Fri, Feb 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 Wed, Feb 3, 2021 and closes on Fri, Feb 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 Fri, Feb 12, 2021. Check the Brookfield India ReIT REIT allotment status.
The Brookfield India ReIT REIT listing date is on Tue, Feb 16, 2021.
