The Brookfield REIT is an institutionally managed public commercial real estate vehicle and is sponsored by an affiliate of Brookfield Asset Management (BAM) – one of the world’s largest alternative asset managers with approximately USD575 billion in assets under management, as of 30 September 2020.
The REIT’s initial portfolio includes four large campus-format office parks, located in India’s key gateway markets – Mumbai, Gurugram, Noida and Kolkata.
Its initial portfolio totals 14.0 msf, comprising 10.3 msf of Completed Area, 0.1 msf of Under Construction Area and 3.7 msf of Future Development Potential.
The completed area has a Same Store Committed Occupancy of 92% (and a 87% Committed Occupancy, which includes the recently completed 0.5 msf at Candor Techspace N1) and is leased to marquee tenants with 75% of Gross Contracted Rentals contracted with multi-national corporations such as Barclays, Bank of America Continuum, RBS, Accenture, Tata Consultancy Services and Cognizant.
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 Promoters
BSREP India Office Holdings V Pte. Ltd is the promoter of the company.
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
- To make partial or full payment of existing indebtedness of the Asset SPVs.
- To meet general corporate purposes.
Brookfield India REIT IPO Details
| IPO Opening Date | FEB 03, 2021 |
| IPO Closing Date | FEB 05, 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 IPO
| IPO Open Date | FEB 3, 2021 |
| IPO Close Date | FEB 5, 2021 |
| Finalization Basis of Allotment | 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 IPO Lots Size & Price (Retail)
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 200 | 55,000 |
| Maximum | 13 | 2600 | 7,15,000 |
Brookfield IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Brookfield IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Brookfield IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an Brookfield IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| 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/ |
