Brookfield India Real Estate Trust is India’s only institutionally managed public commercial real estate company, sponsored by an affiliate of Brookfield Asset Management , 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 million square feet 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.
The strengths of the company:
* 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:
| 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:
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 Details
| IPO Opening Date | Feb 3, 2021 |
| IPO Closing Date | Feb 5, 2021 |
| Issue Type | Book Built Issue REIT |
| Face Value | ₹10 per equity share |
| IPO Price | ₹274 to ₹275 per equity share |
| Market Lot | 200 Shares |
| Min Order Quantity | 200 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹3,800.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹3,800.00 Cr) |
Brookfield India REIT Tentative Timetable
The Brookfield India REIT open date is Feb 3, 2021, and the close date is Feb 5, 2021. The issue may list on Feb 17, 2021.
| IPO Open Date | Feb 3, 2021 |
| IPO Close Date | Feb 5, 2021 |
| Basis of Allotment Date | Feb 11, 2021 |
| Initiation of Refunds | Feb 12, 2021 |
| Credit of Shares to Demat Account | Feb 12, 2021 |
| IPO Listing Date | Feb 17, 2021 |
Brookfield India REIT Lot Size
The Brookfield India REIT market lot size is 200 shares. A retail-individual investor can apply for up to lots ( shares or ).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 200 | ₹55,000 |
| Maximum |