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Brookfield India Real Estate Trust REIT (Brookfield India REIT) Detail

February 3, 2021 - February 5, 2021

Brookfield India REIT is a book built issue of Rs 3,800.00 crores. The issue is entirely a fresh issue.

Brookfield India REIT bidding started from February 3, 2021 and ended on February 5, 2021. The allotment for Brookfield India REIT was finalized on Thursday, February 11, 2021. The shares got listed on BSE, NSE on February 16, 2021.

Brookfield India REIT price band is set at ₹274 to ₹275 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹55,000.

Ambit Private Limited, Axis Capital Limited, Iifl Securities Ltd, J.P. Morgan India Private Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the Brookfield India REIT, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Brookfield India REIT RHP for detailed information.

Brookfield India REIT Details

IPO Date February 3, 2021 to February 5, 2021
Listing Date February 16, 2021
Face Value ₹10 per share
Price Band ₹274 to ₹275 per share
Lot Size 200 Shares
Total Issue Size[.] shares
(aggregating up to ₹3,800.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹3,800.00 Cr)
Issue Type Book Built Issue REIT
Listing At BSE, NSE

Brookfield India REIT Reservation

Brookfield India REIT offers 76,278,200 shares. 41,605,400 (54.54%) to QIB, 34,672,800 (45.46%) to NII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
QIB Shares Offered41,605,400 (54.54%)
NII (HNI) Shares Offered34,672,800 (45.46%)
Total Shares Offered76,278,200 (100%)

Brookfield India REIT Timeline (Tentative Schedule)

Brookfield India REIT opens on February 3, 2021, and closes on February 5, 2021.

IPO Open Date Wednesday, February 3, 2021
IPO Close Date Friday, February 5, 2021
Basis of Allotment Thursday, February 11, 2021
Initiation of Refunds Friday, February 12, 2021
Credit of Shares to Demat Friday, February 12, 2021
Listing Date Tuesday, February 16, 2021
Cut-off time for UPI mandate confirmation 5 PM on February 5, 2021

Brookfield India REIT Lot Size

Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
All Investors 1 200 ₹55,000
Lot Size Calculator

About Brookfield India Real Estate Trust

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

  • Global sponsorship by an affiliate of Brookfield Asset Management.
  • Strategically located properties.
  • Diversified tenant base across sectors.
  • strong internal and external growth opportunities.
  • Experienced senior management team.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue (Brookfield India REIT Objectives)

The net proceeds from the Brookfield India Real Estate Trust will be utilized for the following purposes:

  • To make partial or full payment of existing indebtedness of the Asset SPVs.
  • To meet general corporate purposes.

Brookfield India REIT Review (May apply)

[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...

Brookfield India REIT Subscription Status (Bidding Detail)

The Brookfield India REIT is subscribed 7.94 times on February 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)

CategorySubscription (times)

Brookfield India REIT Prospectus

Brookfield India REIT Rating

Rating:Rated 3.4 stars
Vote Here ...

Brookfield India REIT Listing Details

Listing Date February 16, 2021
BSE Script Code 543261
Final Issue Price ₹275 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Brookfield India Real Estate Trust Contact Details

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

Brookfield India REIT Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Brookfield India REIT FAQs

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 February 3, 2021, and closes on February 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Brookfield India REIT' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Brookfield India REIT opens on February 3, 2021 and closes on February 5, 2021.

Brookfield India REIT lot size is 200 Shares, and the minimum amount required is ₹55,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Brookfield India 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 allotment status.

The Brookfield India REIT listing date is on February 16, 2021.
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Brookfield India REIT Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



138. Newbie OneSevenSevenOne |   Link |February 25, 2021 10:00:56 PM
Are REITs still a good investment after Work From Home corporates???
137. ipobull |   Link |February 22, 2021 10:12:00 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
I told you na. Don''t fall prey to such debt-ridden and loss-making company with no X-factor in their businesses. At least Burger King had some X-factor which paid rich dividends for few days after listing, which of course, had to peter down as its finally a loss making company.
136. Mr.Baniya |   Link |February 19, 2021 2:29:36 PM
share price fu***ed today.
136.1. arunARUN |   Link |February 22, 2021 3:36:00 PM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
136.2. jhoonjhoonwala |   Link |February 22, 2021 4:58:13 PM
Love IT!!! Hope the same continues tomorrow as well
135. NEMI CHAND AJMERA |   Link |February 16, 2021 6:03:13 PM
Today nearly 90 Lacs traded on new and BSE and nearly 85% deliverable qty.3600 Cr IPO and first day 250 Cr share sold and purchased. I think it will be stable asset as nearly 8%will be divident income consistently. After covid real state office premises will be in good demand. I think any one grab this stock for consistent return.
135.1. arunARUN |   Link |February 22, 2021 3:37:49 PM
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
Don''t know why it fell suddenly on 22nd Feb 2021. For the category it is a huge fall for a day. Where are QIBs who had oversubscribed?
135.2. jhoonjhoonwala |   Link |February 22, 2021 4:57:46 PM
FII''s: Retailers are hungry, let them buy it. hahahahaha
134. ipobull |   Link |February 18, 2021 9:55:05 AM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Better invest in Happiest Minds Tech in secondary market as it is on fire.
133. Jasvinder Singh |   Link |February 15, 2021 4:27:54 PM
Any idea about the listing price?
Views from Ranked Members are welcome 🙏
133.3. RohitArorra |   Link |February 16, 2021 7:21:35 PM
Any ranked member was once a normal investor with no ratings!
133.4. PearlRohit |   Link |February 17, 2021 11:50:50 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Current Price Rs. 270 as on Dt. 17-2-21
132. ipobull |   Link |February 16, 2021 4:29:11 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Read my message no. 99. I told it will be foolish to apply in this loss making company (particularly since it is in Real Estate). It wanted investors money to settle some of its debt.
131. Kapil Gro |   Link |February 16, 2021 11:05:08 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Script nahi mil rahi Brookfield reit ki

Kaha se pata lagega
131.3. KrishnaTwentyFour |   Link |February 16, 2021 12:54:04 PM
Sold allotted 1 lot in loss...
131.4. Kabir Dass |   Link |February 16, 2021 1:26:03 PM
I feel investors should wait. Very soon it will atleast above offer price.
130. Kabir Dass |   Link |February 15, 2021 1:11:02 PM
Brookfield listing is tomorrow i.e.on 16th Feb. One day advanced.
130.3. jstm |   Link |February 16, 2021 10:22:38 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Trading @ 260-265.
Exit now only to avoid bigger loss.
130.4. Lokesh Chiru |   Link |February 16, 2021 11:42:38 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
You are right Kabir. Thanks
129. S Patel |   Link |February 16, 2021 9:31:41 AM
Please share link for listing price
128. traderyn |   Link |February 15, 2021 7:31:52 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
127. Kabir Dass |   Link |February 15, 2021 1:07:10 PM
Brookfield listing is tomorrow i.e. on 16th Feb. One day in advance.
126. Chris Nott |   Link |February 15, 2021 6:26:50 AM
Hello ,

Wondering how a regular retail investor can get involved . Now that the initial is closed I would assume we have to wait until the public listing ?
Never tried to buy shares this early in the ipo stage.
Thanks ,
126.5. KrishnaTwentyFour |   Link |February 15, 2021 7:58:40 AM
Yes 200 shares for one lot..this is going to list in indian exchange NSE and can still talk with your Canada broker and check...
126.6. PowerUser |   Link |February 15, 2021 11:10:27 AM (200+ Posts)
I don''t think as a regular retail investor you can buy indian stocks, I presume you are not indian national. Very complex route FPI there you need permission from RBI and etc exist but too complicated. I don''t think RBC, scotia etc provide this facility. This is my understanding.
Your best bet would be wait for it to be added to one of the REIT etfs black rock or msci. Existing two REIT are part of global etfs already.
125. Kanhaiyalal sharma |   Link |February 14, 2021 2:51:54 PM
SBI asba se apply kiya allotment nil
Par abhi tak amount 55k hold par hi hai
Hdfc se apply kiya allotment nil par 55k hold se Bank account me aa gaya koi bhai kripya bataye SBI wala refund kyo ruka hai kab account me aayega mujhe coming IPO me apply karna hai koi bhai jo SBI wale please bataye
125.1. KrishnaTwentyFour |   Link |February 14, 2021 3:51:04 PM
Tomorrow EOD sbi will remove lien...
124. KrishnaTwentyFour |   Link |February 14, 2021 3:50:06 PM
Shares already credited in hdfc demat account...not sure why listing is on 17th...
What is correct listing date?
123. traderyn |   Link |February 13, 2021 8:07:04 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
But even in Zerodha me and my friends get allotment in better ratio.
122. Dinesh Singh |   Link |February 11, 2021 1:25:11 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Feom Today evening debit messages will start flowing in this forum.
Allotment will be very tough.
122.5. traderyn |   Link |February 13, 2021 12:45:41 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Every one have equal chance for allotment whether Zerodha hdfc or icici, it''s lottery system for oversubscribed ipo.
122.6. Dinesh Singh |   Link |February 13, 2021 10:38:17 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Zerodha doesn''t play the role of LM whereas the other 2 plays the role.
Based on internal setting with registrar, the account holders get preferenc indirectly.
I have experience of this many times.

121. PowerUser |   Link |February 13, 2021 1:59:38 AM (200+ Posts)
Both Embassy and MindSpace disappointed investors with less than expected distribution on this week. Though its transient in nature, Embassy looks good compared to Mindspace. Long term potential intact.

But I guess this may impact listing price of Brookfield now.
120. PowerUser |   Link |February 12, 2021 10:16:14 AM (200+ Posts)
1/3 finally some luck :)
120.1. RohitArorra |   Link |February 12, 2021 7:42:22 PM
Hi Bro,

Did you used 3 different demat accounts of your family members to apply, please suggest since i am a newbie
120.2. PowerUser |   Link |February 13, 2021 1:55:50 AM (200+ Posts)
Each one got their own sbi account and demat account.
119. Mr.Baniya |   Link |February 12, 2021 3:28:27 PM

Plz suggest if we should go for listing gains or hold till 12 pm and sell accordingly.

119.1. Lokesh Chiru |   Link |February 12, 2021 5:26:43 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Hold. U can sell if it goes above 311