EMBASSY OFFICE PARKS REIT IPO is in the business of real estate including renting, selling, buying and operating of leased or self-owned real estate properties and is all set to make a debut in the stock market with an issue size of 4750 Cr.
EMBASSY OFFICE PARKS REIT IPO – Overview
| Issue Date | 18-20 March 2019 |
| IPO Opening Date | 18 March 2019 |
| IPO Face Value | INR 300 per share |
| IPO Price | INR 300 per share |
| IPO Lot Size | 400 Shares |
| Issue Size | 4750 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 2.15 times |
| NII (HNI) Shares | 30.9 times |
| Company Promoters | – |
EMBASSY OFFICE PARKS REIT IPO -Tentative Dates
| IPO opening date | 18 March 2019 |
| IPO closing date | 20 March 2019 |
| Basis of Allotment | 28 March 2019 |
| Initiation of Refunds | 29 March 2019 |
| The credit of Shares to Demat | 9 March 2019 |
| IPO Listing Date | 3 April 2019 |
Industry Overview.
Technology, financial services, media & entertainment, Telecom, and Pharma R&D are expected to employ approximately 3.1 mn additional people by 2022 leading to an additional 250 MSF of office space demand in India. Sector breakdown of this projected office.
Company Overview
Embassy Office Parks Private Limited is in the business of real estate including renting, selling, buying and operating of leased or self-owned real estate properties. It is a joint venture of the Blackstone Group L.P, a New York City based largest alternative investment firm in the world.
Embassy Office Parks is coming up with a Real Estate Investment Trust (REIT) public issue to raise Rs 5000 Cr. The Embassy REIT is a SEBI registered REIT (as on August 3, 2017) as a real estate investment trust. The investment objective of the Embassy REIT is to own, operate and invest in rent or income generating office real estate and related assets in India in accordance with the REIT Regulations.
Objectives of The Issue
- Partial or full repayment or pre-payment of bank/ financial institution debt of certain Asset SPVs and by the Investment Entity.
- Payment of consideration for acquisition of the Embassy One Assets currently held by EODPL.
- General purposes.
EMBASSY OFFICE PARKS REIT IPO- Financial Statements
| Particulars | 31-Dec-18 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 1,37,790.86 | 1,35,155.22 | 1,11,968.97 |
| Total Revenue | 13,759.83 | 16,118.00 | 14,849.20 |
| Profit After Tax | 2,851.14 | 2,569.08 | 1,770.57 |
Company Strengths
- High-quality infrastructure.
- Located at leading services hub in India.
- Strong relationship base with multinational tenants.
- Strategic set up at the top performing markets.
- The good quality management system.
- Well-known sponsors with local and global expertise.
- Top class office properties.
Company Contact Information
Embassy Office Parks
Royal Oaks, Embassy Golf Links Business Park,
Off Intermediate Ring Road,
Bengaluru 560 071
Phone: +91803 322 0000
Email: compliance@embassyofficeparks.com
Website: http://www.embassyofficeparks.com
Embassy Office Parks Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
