Embassy Office Parks REIT Message Board (Page 1)

Sold both lots @ 325 as money required for polycab IPO.
Received a markable profit by IPO after Hdfc AMC .

as Usual no allocation 0/1 , whenever its Karvy no allocation for single bid application.

Some people above have got 1/1.

Got allotment, applied for only one lot.
Anyone applied for multiple lots and got the allotment for multiple lots? Just was wondering.

Applied for one lot, did not get any. Just like some others below. Now, I'm not buying at 320.

Looks like unsatisfied retail buyers are taking the price to a new high every day. All purchasing in lots of 400 (minimum lot size, and less than IPO size). It would be interesting to see if the trend continues.

Buying spree seems to be fading finally.. wonder what is the market depth like. Anyone here has access to NSE L2 data?

First day closing at 314, high 324.
Anyone buying more at these levels or selling?

Listed at 308. Congrats to the lucky guyz.

Ya, that is for retail category. What about NII category. Will that also follow same process?

Allotted 800 shares.

When applying under NII category, whether allotment is done per Minimum lot or is it based on proportional to the amount applied?

On Minimum lot. When IPO is oversubscribed, Allotment is usually done such that at least everyone with valid application gets one minimum lot. When IPO is undersubscribed as many lots which you have applied will be allocated, the remaining lots will be paid by the underwriter [i.e you won't get additional lots at same price ;) ]

Embassy REIT IPO will list ahead of schedule on April 1

Read more at:
//economictimes.indiatimes.com/articleshow/68607623.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Got Allotment.

Happy.

Propose to keep it for long term as a seperate class of asset.

28/03/2019 Allotment Date
Listing 01/04/2019 (Note Done)
Good For Long Term.......

Amount debited by ICICI Bank

gmp of current ipo

allotment status pl.

May be by Today Evening.

If a property of 1 crore market valuation is proposed to be bought by four people each contributing 40 lacs ( total 1.6 cr). will you enter this partnership.
if yes rhen you can subscribe for REIT IPO.
Market value of properties coming under embassy reit is 30100 cr ( As per DRHP document).

Issue size is 4750 cr which will constitute of 10% equity on post equity basis hence total value demanded of REIT as per IPO IS 47500 CR.THAT IS 50% MORE PREMIUN compared to market value itself, even if we forget the fact that valuation report under DRHP was commissioned by embassy group itself and we take valuation on its face value.

Now come to the returns.
As per DRHP report net distributable cash flow(NDCF) is around 2000 cr in 2021. IN 2018 it was around 1400 cr. if we divide 2000/47000 it is 4.25% yield in the year 2021. keep in mind that it is the best case scenario projected by embassy group itself wchich include rent escalation, increase in revenue due to future projected development, re leasing of propertied at significant higher rent and doesn't iclude the interest payment outgo on the proposed upcoming 4000 cr debt issue and remaining debt .

if all these things are removed, and interest outgo on 4000 cr debt and remaining current debt yield wont cross 2% before 2021. and the 50% premium which you are paying on market value will take atleast 6-7 years to recover.

Confused about the post issue size of ipo, offer document just says "not less than 10%".
HDFC report says post issue no. of units 614 Mn ie RS. 18,420 Cr. Issue size 4,750 Cr, ie ~25%.
@Hellboy posted 20%, and @ramukaka posted 10%.

Entire valuation scenario changes due to this hence confused. HDFC report shows assets in discount to market value itself! due to this.

I spent about few hours trying to figure it out! Anyone else which much clear view?

HDFC link taken from this site itself in review section.

https://www.chittorgarh.com/documents/IPO%20note%20Embassy%20Offer%20Parks%20REIT-HDFC%20Sec%20201903161526118380096.pdf

My analysis was based on offer document of not less than 10%. Finally it seems post equity issue will be around 20%

miss the issue. but after seeing subscription it looks like it will definitely list at some premium. As qib actively participates(seeing issue size)

What is the GMP of Embassy ? why it is not available ?

Till now, units are not commanding any premium.

But, now onwards there may be little premium considering the subscription figures.

Hello,
I tried to apply for the IPO with the ASBA option from both IDBI and BoB. In both the banks, I get an error stating "You cannot bid for more than 2L". The minimum Lot size is 800x300 which is 2.4L. Could you please let me know how I can apply for this IPO from my bank?

I tried too apply online from BOB Savings account but did not succeed. However I successfully applied from BOB Current account (corporate log in)

you should apply by entering the bid price manually and not clicking the cut off button. It wont accept if you click cut off button.

Subscription is not satisfactory, not giving confidence to subscribe

How can I with draw my application

I think there is no provision for withdrawal