|
|
Incorporated in 2012, Bengaluru based Embassy Office Parks Private Limited is in the business of real estate including renting, selling, buying and operating of leased or self-owned real estate properties. It is a joint venture of the Blackstone Group L.P, a New York City based largest alternative investment firm in the world.
Embassy Office Parks is coming up with a Real Estate Investment Trust (REIT) public issue to raise Rs 5000 Cr. The Embassy REIT is a SEBI registered REIT (as on August 3, 2017) as a real estate investment trust. The investment objective of the Embassy REIT is to own, operate and invest in rent or income generating office real estate and related assets in India in accordance with the REIT Regulations.
Real Estate Investment Trust (REIT) Explained
Under the REIT Regulations Embassy REIT has to invest a minimum 80% of the value of its assets in completed and rent and/ or income generating properties.
REIT Regulations also impose restrictions on certain investments including investments in vacant land, agricultural land or mortgages and assets located outside India.
The Embassy REIT has been given a long-term rating of [ICRA] AAA by ICRA. The outlook on the assigned rating is 'Stable'.
The competitive strengths of the company are:
• High-quality infrastructure
• Located at leading services hub in India
• Strong relationship base with multinational tenants
• Strategic set up at the top performing markets
• The good quality management system
• Well-known sponsors with local and global expertise
• Top class office properties
| Particulars | For the year/period ended (in Rs. millions) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 1,37,790.86 | 1,35,155.22 | 1,11,968.97 | 1,05,490.00 | |
| Total Revenue | 13,759.83 | 16,118.00 | 14,849.20 | 13,970.16 | |
| Profit After Tax | 2,851.14 | 2,569.08 | 1,770.57 | 931.83 | |
The Net Proceeds from the Issue will be utilised towards the following objects:
1. Partial or full repayment or pre-payment of bank/ financial institution debt of certain Asset SPVs and by the Investment Entity;
2. Payment of consideration for acquisition of the Embassy One Assets currently held by EODPL; and
3. General purposes
| IPO Opening Date | Mar 18, 2019 |
| IPO Closing Date | Mar 20, 2019 |
| Issue Type | Book Built Issue REIT |
| Face Value | ₹300 per equity share |
| IPO Price | ₹299 to ₹300 per equity share |
| Market Lot | 400 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | BSE, NSE |
| Issue Size | 158,333,200 Eq Shares of ₹300 (aggregating up to ₹4,750.00 Cr) |
The Embassy Office Parks open date is Mar 18, 2019, and the close date is Mar 20, 2019. The issue may list on Apr 3, 2019.
| IPO Open Date | Mar 18, 2019 |
| IPO Close Date | Mar 20, 2019 |
| Basis of Allotment Date | Mar 28, 2019 |
| Initiation of Refunds | Mar 29, 2019 |
| Credit of Shares to Demat Account | [.] |
| IPO Listing Date | Apr 3, 2019 |
The Embassy Office Parks market lot size is 400 shares. A retail-individual investor can apply for up to lots ( shares or ).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 400 | ₹120,000 |
| Maximum |
EOP REIT invests in ready to use or leased out property acquisitions thus reducing gestation periods. This instrument is most popular in global markets. EOP REIT is the first mover in this segment with its maiden offer. It is a safe bet for long term investment as it is offering a regular dividend and the appreciation in the properties at the end of the scheme. Read detail review...
The Embassy Office Parks is subscribed 2.57 times on 3/20/2019 5:30:00 PM. The public issue subscribed times in the retail category, 2.15 times in the QIB category, and 3.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.15 |
| NII | 3.09 |
| Total | 2.57 |
| Listing Date | Monday, April 1, 2019 |
| BSE Script Code | 542602 |
| NSE Symbol | EMBASSY |
| Listing In | |
| ISIN | INE041025011 |
| IPO Price | ₹300 per equity share |
| Face Value | ₹300 per equity share |
|
|
|
Embassy Office Parks
Royal Oaks, Embassy Golf Links Business Park,
Off Intermediate Ring Road,
Bengaluru 560 071
Phone: +91803 322 0000
Email: compliance@embassyofficeparks.com
Website: http://www.embassyofficeparks.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Lead Manager Reports
Embassy Office Parks is a main-board REIT of 158,333,200 equity shares of the face value of ₹300 aggregating up to ₹4,750.00 Crores. The issue is priced at ₹299 to ₹300 per equity share. The minimum order quantity is 400 Shares.
The REIT opens on Mar 18, 2019, and closes on Mar 20, 2019.
KFintech Private Limited is the registrar for the REIT. The shares are proposed to be listed on BSE, NSE.
The Embassy Office Parks opens on Mar 18, 2019 and closes on Mar 20, 2019.
Embassy Office Parks lot size is 400 Shares and the minimum order quantity is 800 Shares.
You can apply in Embassy Office Parks 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 Embassy Office Parks will be done on Mar 28, 2019, and the allotted shares will be credited to your demat account by [.]. Check the Embassy Office Parks allotment status.
Useful Articles
IPO Guru (1300+ Posts, 1200+ Likes)
IPO Mentor (900+ Posts, 500+ Likes)
Received a markable profit by IPO after Hdfc AMC .