Brookfield REIT IPO Subscription Status: FINAL
| Investor Category | Quota | Subscription |
|---|---|---|
| Institutional (QIB) | 75% | 4.78x |
| Non-Insti. (HNI, Retail) | 25% | 11.52x |
| Total Subscription | 100% | 7.94x |
The Brookfield REIT is India’s only institutionally managed public commercial real estate vehicle. The company’s goal is to be the leading owner of high-quality income-producing commercial real estate assets in key gateway Indian markets, which have significant barriers to entry. Brookfield’s strategy is to address the IT demand in the country by owning and operating large “fully-integrated”, “campus-format” office parks in established locations, and providing a complete ecosystem to its tenants and their employees.
Brookfield REIT IPO Subscription: End of Day Update
| Day | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.03x | 0.53x | 4.78x |
| HNI, Retail | 0.26x | 0.96x | 11.52x |
| Total | 0.15x | 0.77x | 7.94x |
Brookfield REIT IPO Subscription: Key IPO Details
| Type | Value |
|---|---|
| Issue Size | ₹3800.00 Cr |
| Fresh Issue | ₹3800.00 Cr |
| Open Date | 03/02/2020 10:00 AM |
| Close Date | 05/02/2020 05:00 PM |
| IPO Price | ₹274 – ₹275 |
| Lot Size | 200 shares |
| Lots | Min 1 |
| REIT Entity | NAV* | Premium / (Discount to NAV) |
|---|---|---|
| Brookfield REIT | 311.00 | (12.00%) |
| Embassay REIT | 375.02 | (5.3%) |
| Mindspace REIT | 338.41 | (3.0%) |
Brookfield REIT IPO: Analyst Recommendations
Reliance Securities: Subscribe for Long-term [ Reliance Securities Report ]
“Given substantial reduction in debt level after fundraising, we expect saving on finance cost should aid the company to generate positive net distributable cash flows (NDCF) from FY22E onwards. Further, the company expects NDCF to the tune of Rs6.6bn and Rs7bn in FY22E and FY23E, respectively which offer a yield of ~8%”
Brookfield REIT IPO Subscription – FAQs
1. How to apply for Brookfield REIT IPO?
A: An investor can apply only via HNI category through the ASBA process via bank account
2. Where can I find the Red Herring Prospects (RHP) details?
A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP and DRHP
3. When will the Brookfield REIT IPO open?
A: Brookfield IPO will be open for subscription from 3rd February
4. What is the investor quota across each investor category?
A: QIB (Institutional) – 75% | Non-Institutional(HNI, Retail) – 25%
5. What is the listing date of Brookfield REIT IPO IPO?
A: The tentative listing date of Brookfield REIT IPO is 17th February 2021
