Brookfield REIT IPO Live Subscription Status and Analyst Reviews

Live subscription status across each investor category and analyst recommendations
Brookfield RIET IPO Subscription

Brookfield REIT IPO Subscription Status: FINAL

Investor CategoryQuotaSubscription
Institutional (QIB)75%4.78x
Non-Insti. (HNI, Retail)25%11.52x
Total Subscription100%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

DayDay 1Day 2Day 3
QIB0.03x0.53x4.78x
HNI, Retail0.26x0.96x11.52x
Total0.15x0.77x7.94x

Brookfield REIT IPO Subscription: Key IPO Details

TypeValue
Issue Size₹3800.00 Cr
Fresh Issue₹3800.00 Cr
Open Date03/02/2020 10:00 AM
Close Date05/02/2020 05:00 PM
IPO Price₹274 – ₹275
Lot Size200 shares
LotsMin 1
REIT EntityNAV*Premium / (Discount to NAV)
Brookfield REIT311.00(12.00%)
Embassay REIT375.02(5.3%)
Mindspace REIT338.41(3.0%)
*NAV per Unit as of September 30, 2020, Unit Price is as of December 14, 2020

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%”

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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

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