Incorporated in 2012, Bengaluru-based Embassy Office Parks Private Limited is in the business of real estate including renting, selling, buying, and operating 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.
Real Estate Investment Trust (REIT) Explained
Under the REIT Regulations Embassy REIT has to invest a minimum 80% of the value of its assets in completed and rent and/ or income-generating properties.
REIT Regulations also impose restrictions on certain investments including investments in vacant land, agricultural land or mortgages and assets located outside India.
The Embassy REIT has been given a long-term rating of [ICRA] AAA by ICRA. The outlook on the assigned rating is ‘Stable’.
The competitive strengths of the company are:
- 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
Embassy Office Parks Details
| Issue Type | Book Built Issue REIT |
| Face Value | ₹300 per equity share |
| IPO Price | ₹299 to ₹300 per equity share |
| Market Lot | 400 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 542602 |
| NSE Symbol | EMBASSY |
| ISIN | INE041025011 |
| Issue Size | Aggregating up to ₹4,750.00 Cr |
Embassy Office Parks Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 18-Mar-19 |
| IPO Close Date | 20-Mar-19 |
| Basis of Allotment Date | 28-Mar-19 |
| IPO Listing Date | 3-Apr-19 |
Embassy Office Parks Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 400 | ₹120,000 |
| Maximum |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Embassy Office Parks REIT
Company Financials:
| PARTICULAR | 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 1,37,790.86 | 1,35,155.22 | 1,11,968.97 | 1,05,490.00 |
| Total Revenue | 13,759.83 | 16,118.00 | 14,849.20 | 13,970.16 |
| Profit After Tax | 2,851.14 | 2,569.08 | 1,770.57 | 931.83 |
Objects of the Issue:
The Net Proceeds from the Issue will be utilised towards the following objects:
- 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; and
- General purposes
Registrar & Company Details
| Company Contact Information | Embassy Office Parks Registrar |
| 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 | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: einward.ris@karvy.com Website: https://karisma.kfintech.com/ |
