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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 net proceeds from the Brookfield India Real Estate Trust will be utilized for the following purposes:
| Brookfield India REIT Date | Feb 3, 2021 to Feb 5, 2021 |
| Brookfield India REIT Face Value | ₹10 per share |
| Brookfield India REIT Price | ₹274 to ₹275 per share |
| Brookfield India REIT Lot Size | 200 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹3,800.00 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹3,800.00 Cr) |
| Issue Type | Book Built Issue REIT |
| Listing At | BSE, NSE |
| Company Promoters | BSREP India Office Holdings V Pte. Ltd is the promoter of the company. |
Brookfield India REIT opens on Feb 3, 2021, and closes on Feb 5, 2021. The Brookfield India REIT bid date is from Feb 3, 2021 10.00 A.M. to Feb 5, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Brookfield India REIT Opening Date | Feb 3, 2021 |
| Brookfield India REIT Closing Date | Feb 5, 2021 |
| Basis of Allotment | Feb 11, 2021 |
| Initiation of Refunds | Feb 12, 2021 |
| Credit of Shares to Demat | Feb 12, 2021 |
| Brookfield India REIT Listing Date | Feb 17, 2021 |
The Brookfield India REIT lot size is 200 shares. A retail-individual investor can apply for up to 0 lots ( shares or ).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹55,000 |
| Retail (Max) | 0 | ||
| S-HNI (Min) | |||
| B-HNI (Min) |
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...
The Brookfield India REIT is subscribed 7.94 times on Feb 5, 2021 5:00:00 AM. 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) |
|---|---|
| QIB | 4.78 |
| NII | 11.52 |
| Total | 7.94 |
| Listing Date | Tuesday, February 16, 2021 |
| BSE Script Code | 543261 |
| NSE Symbol | BIRET |
| Listing In | |
| ISIN | INE0FDU25010 |
| IPO Price | ₹275 per share |
| Face Value | ₹10 per share |
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Brookfield India Real Estate Trust
Candor TechSpace IT/ ITES SEZ
Building 5A/10, Tikri (Near Subash Chowk)
Gurugram 122 018
Phone: +91 22 6600 0700
Email: reit.compliance@brookfield.com
Website: https://www.brookfieldindiareit.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: brookfield.reit@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager Reports
Brookfield India REIT is a main-board REIT of [.] equity shares of the face value of ₹10 aggregating up to ₹3,800.00 Crores. The issue is priced at ₹274 to ₹275 per share. The minimum order quantity is 200 Shares.
The REIT opens on Feb 3, 2021, and closes on Feb 5, 2021.
Link Intime India Private 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 using UPI as a payment gateway. Zerodha customers can apply in Brookfield India REIT by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Brookfield India REIT through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Brookfield India REIT opens on Feb 3, 2021 and closes on Feb 5, 2021.
Brookfield India REIT lot size is 200 Shares and the minimum order quantity is .
You can apply in Brookfield India REIT online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Brookfield India REIT will be done on Feb 11, 2021, and the allotted shares will be credited to your demat account by Feb 12, 2021. Check the Brookfield India REIT allotment status.
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