Embassy Office Parks REIT IPO

Embassy Office Parks REIT Profile

Embassy Office Parks REIT IPO News, Allotment Status. Listing DateEmbassy Office Parks is the proprietor of a superior office portfolio in India. It serves as essential corporate infrastructure to multinational tenants and has significant embedded growth prospects. The Group includes 7 best-in-class office parks and four prime city-center office buildings totaling 32.6 msf with strategic amenities. Also includes one operational and 3 under-construction hotels totaling 1,096 keys, food courts, employee transportation and childcare facilities. They believe Embassy have invested in the highest quality assets in the best performing submarkets of India’s top office markets of Bengaluru, Pune, Mumbai and Noida.

Embassy Office Parks own one of India’s biggest office portfolios around 81.4% of the Gross Rentals from their 160 marquee tenant base is contracted with leading MNC’s and approximately 43.8% is contracted with Fortune 500 companies, such as JP Morgan, Google and Microsoft. There high quality tenant base, along with long-term contracted rentals (weighted average lease length of 6.9 years) provides considerable stability to the Portfolio.

Embassy Office Parks REIT Promoters:

The Promoters of the Company are: Embassy Sponsor, Blackstone Sponsor

Embassy Office Parks REIT IPO details:

Symbol: EMBASSY

Issue Size: Initial Public offer of [.] units aggregating up to Rs 47,500 Million (including Strategic Investor portion aggregating to Rs 8,763 Million and Anchor investor portion of 58,105,600 Units)

Face Value:

Price Range: Rs 299 to Rs 300

Issue Type: 100% Book Building

Bid Lot: 400 units

Minimum Order Quantity: 800 units

Issue Period: 18 March 2019 to 20 March 2019

Maximum Subscription Amount for Retail Investor:

Registrar: Karvy Fintech Private Limited        

Listing At: BSE, NSE                                 

IPO Market Timings: 10.00 a.m. to 5.00 p.m.

 Embassy Office Parks REIT Financials:

 

                     Embassy Office Parks’s financial performance (in INR crore)
FY2016 FY2017 FY2018 9M FY2019
Total revenue 1,575.4 1,645.6 1,766.3 1,493.2
Profit after tax 93.2 177.1 256.9 285.1
Net margin (%) 5.9 10.8 14.5 19.1

                                                                                                           

Embassy Office Parks REIT IPO Subscription Details:

 

Category Shares offered Subscription (no. of times)
Day1 Day 2 Day 3
Institutional Investors 38,866,800 0.30 0.59 2.14
Non Institutional Investors 32,389,600 0.07 0.32 3.02
Total 71,256,400 0.19 0.47 2.54

 

Embassy Office Parks REIT Grey Market Price, Rates, GMP Premium

Embassy Office Parks REIT IPO Grey Market Premium (GMP) as on 21 March 2019 today at n/a with Kostak at Rs n/a.

Embassy Office Parks REIT IPO Grey Market Premium (GMP) as on 20 March 2019 at n/a with Kostak at Rs n/a.

Embassy Office Parks REIT IPO Grey Market Premium (GMP) as on 19 March 2019 at n/a with Kostak at Rs n/a.

Embassy Office Parks REIT IPO Grey Market Premium (GMP) as on 18 March 2019 at n/a with Kostak at Rs n/a.

Embassy Office Parks REIT IPO Grey Market Premium (GMP) as on 17 March 2019 at n/a with Kostak at Rs n/a.

Embassy Office Parks REIT Allotment Status:

Embassy Office Parks REIT IPO Allotment Date:  28 March 2019

Embassy Office Parks REIT IPO Listing Date: 3 April 2019

 

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