Brookfield India REIT: IPO Date, Review, Subscription, Allotment & Grey Market Premium

Short Information: स्टोव क्राफ्ट लिमिटेड आईपीओ 2021: Brookfield India REIT IPO Date, Review, Subscription, Allotment & Grey Market Premium | Brookfield Price Band, Form & Market Lot | Brookfield India REIT IPO Apply Online/ Subscribe through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank Available at Official Website www.nseindia.com,www1.nseindia.com & www.bseindia.com.

Brookfield India REIT IPO IPO Date, Review, Price Band, Form & Market Lot Brief Details:
Name of Company Brookfield India Real Estate Trust REIT
Allotment Status Link Active Soon
Brookfield India REIT IPO Allotment Date
11 Februaryruary 2021
Brookfield India REIT Listing Date 17 Februaryruary 2021
Article Published On 02/01/2021
Article Updated on 02/03/2021

Table of Content

Brookfield India REIT IPO: Date, Review, Price Band, GMP, Form & Market Lot

Summary: Brookfield India Real Estate Trust (REIT)’s ₹ 3,800 crore initial public offering (IPO) will open for bidding on February 3. The public issue will close on February 5. The company in consultation with merchant bankers has fixed the price band at Rs 274-275 per unit. Investors, other than anchor investor, can bid for a minimum of 200 units and in multiples of 200 units thereafter, which translated into a minimum application size for retail investors at Rs 55,000 at the upper price band.

We will discuss Brookfield India REIT IPO details such as price band, date, listing, allotment, financial performance, subscription, review, and broker view:

Brookfield India REIT IPO Details:
Name of Article Brookfield India REIT IPO
Name of Company Brookfield India Real Estate Trust REIT
IPO Date February 3, 2021 to February 5, 2021
Issue Type Book Built Issue REIT
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)
Offer for Sale
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
Brookfield India REIT IPO Schedule
Bid/Offer Launch date February 3, 2021
Bid/Offer Last date February 5, 2021
Basis of Allotment finalization date February 11, 2021
Initiation of Refunds February 12, 2021
Credit of Shares to Demat Acct February 12, 2021
IPO Shares Listing Date February 17, 2021

Brookfield India REIT IPO Subscription Process

Canadian alternative asset manager, Brookfield is looking to raise Rs 3,800 crore through a public issue of its Real Estate Investment Trust (REIT) this week. The issue, priced between Rs 274 and Rs 275, will open for subscription on February 3 and close on February 5, Brookfield said in regulatory notification.

Investors can bid for a minimum 200 units and in multiples of 200 units thereafter, which translates into a minimum application size of ₹ 55,000 at the higher end of the price band. The company will use the funds to repay debts.

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.

How to apply in Brookfield India REIT through Zerodha?

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

Step 1: Visit the Zerodha website and login to Console.

Step 2: Go to Portfolio and click the IPOs link.

Step 3: Go to the ‘Brookfield India REIT’ row and click the ‘Bid’ button.

Step 4: Enter your UPI ID, Quantity, and Price.

Step 5: ‘Submit’ IPO application form.

Step 6: Visit the UPI App (net banking or BHIM) to approve the mandate.

How to apply in Brookfield India REIT through ASBA?

Application Supported by Blocked Amount (ASBA) is an easy and efficient way to apply for IPOs. When you invest through ASBA, the funds are blocked in your account for the IPO.

Steps to apply in Brookfield India REIT through ASBA

Step 1: Log-in to your online net-banking account

Step 2: In the investments section, click on the IPO/e-IPO option

Step 3: Fill out your depository details and bank account details to complete the verification process

Step 4: After this, you are led to a screen titled ‘Invest in IPO’

Step 5: Select the IPO for which you would like to apply

Step 6: Enter the number of shares and the ‘bid price’

Step 7: Read the ‘Terms and Conditions’ document before you place your bid

Step 8: Confirm and place your order by clicking on ‘Apply Now’

How to apply for the Brookfield India REIT IPO?

Step 1: You can submit your online application and make the payment through any supported UPI application via brokerages.

Step 2: To be able to create a UPI ID, you need to download the BHIM app, or any other UPI enabled bank application, where you own an account.

Step 3: While filing for the IPO make sure you mention the correct UPI ID.

Step 4: And after filling the application, the subscriber can submit the same to its financial advisor or brokerage.

Step 5: A request for blocking funds will be sent to the subscriber on the UPI mobile application. The subscriber would need to enter the UPI PIN to approve the block mandate.

Step 6: The funds will get blocked in the subscriber’s bank account, and once the allotment is done, the money will be debited from the blocked sum.

Brookfield India REIT: IPO Date, Review, Subscription, Allotment & GMP

Canadian alternative investment major Brookfield Asset Management-backed Brookfield India Real Estate Trust will be raising Rs 3,800 crore through a public issue of its Real Estate Investment Trust next week. The Canadian asset manager Brookfield Asset Management backed-company has fixed the price band of the IPO at ₹ 274-275 per unit.

The company owns an initial portfolio of four large campuses-format office parks located in some of India’s key gateway markets  such as Mumbai, Gurugram, Noida and Kolkata.

Ambit, Axis Capital, IIFL Securities, JM Financial, JP Morgan India, Kotak Mahindra Capital and SBI Capital Markets are the book running lead managers to the issue, while Link Intime India is the registrar for the REIT.

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.

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
Brookfield India REIT’s financial performance (in INR crore)
FY2018 FY2019 FY2020 H1 FY2021
Revenue 866.3 929.8 981.4 467.5
Expenses 697.1 875.7 1,189.5 541.3
Comprehensive income 161.1 -15.7 15.1 -73.9
Net margin (%) 18.6 -1.7 1.5 -15.8

Brookfield India REIT IPO Market Lot

The Brookfield India REIT market lot size is 200 shares. A retail-individual investor can apply for up to lots ( shares or ).

 Minimum Lot Size:  Minimum 200 Shares
 Minimum Amount:  ₹55000
 Maximum Lot Size:  Maximum – Shares
 Maximum Amount:  ₹-

Brookfield India REIT IPO Lead Managers

Company Promoters

  • Ambit Private Limited
  • Axis Capital Limited
  • IIFL Holdings Limited
  • J.P. Morgan India Private Limited
  • JM Financial Consultants Private Limited
  • Kotak Mahindra Capital Company Limited
  • SBI Capital Markets Limited
BSREP India Office Holdings V Pte. Ltd

Brookfield India REIT Registrar

Brookfield India REIT Contact Details

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083Phone: +91-22-4918 6270
Email: [email protected]
Websitehttp://www.linkintime.co.in
Brookfield India Real Estate Trust
Candor TechSpace IT/ ITES SEZ
Building 5A/10, Sector-48
Tikri (Near Subash Chowk)
Gurugram 122 018, Haryana
Phone: +91 22 6600 0700
Email: [email protected]
Website: www.brookfieldindiareit.in

 

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