Embassy Office Parks IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 18/03 - 20/03
Issue Size ₹4750.00 Cr
Issue Price ₹299-300
Market Lot 400 Shares
Shares on Offer 158,333,200
Registrar
GMP N/A
Kostak N/A
Subject to Sauda N/A
Listing Date 01/04
Listing Price ₹300.00
Listing Gain% 0.00

About Embassy Office Parks REIT

Embassy Office Parks REIT IPO Grey Market Premium or Embassy Office Parks REIT IPO GMP is not available at the moment. The valuation of this IPO seems on higher side. Embassy Office Parks is the owner of a high-quality office portfolio in India that serves as essential corporate infrastructure to multinational tenants and has significant embedded growth prospects. The Portfolio comprises seven best-in-class office parks and four prime city-center office buildings totalling 32.6 msf as of March 31, 2018, with strategic amenities, including one operational and three under-construction hotels totaling 1,096 keys, food courts, employee transportation and childcare facilities. We believe we have invested in the highest quality assets in the best performing submarkets of India’s top office markets of Bengaluru, Pune, Mumbai and Noida.

They own one of India’s largest office portfolios and as of March 31, 2018, approximately 81.4% of the Gross Rentals from our 160 marquee tenant base is contracted with leading multinational corporations and approximately 43.8% is contracted with Fortune 500 companies, such as JP Morgan, Google and Microsoft. Our high quality tenant base, along with long-term contracted rentals (weighted average lease length of 6.9 years) provides considerable stability to the Portfolio.

They believe that the scale and quality of our business has given us a market leading position, makes our properties a preferred office location in each of their respective submarkets and allows us to offer consolidation and expansion options for our tenants. This has enabled us to attract, retain and grow multinational tenants in our parks leading to tenant stickiness. As a result we have grown revenue from operations by 15.4% over Financial Year 2016 to Financial Year 2018.

Company Financials

Particulars 31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets (In ₹ Millions) 1,37,790.86 1,35,155.22 1,11,968.97 1,05,490.00
Total Revenue (In ₹ Millions) 13,759.83 16,118.00 14,849.20 13,970.16
Profit After Tax (PAT) (In ₹ Millions) 2,851.14 2,569.08 1,770.57 931.83

Embassy Office Parks REIT IPO Reviews

  • Rating: 
  • Recommendation:
  • We do not recommend subscription of Embassy Office Parks REIT IPO.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - Mar 18,2019 0.30 0.07 0.20
Day 2 - Mar 19,2019 0.59 0.32 0.47
Day 3 - Mar 20,2019 2.15 3.09 2.57

Allotment Status

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IPO Allotment Status

Embassy Office Parks REIT IPO FAQs

  1. When will Embassy Office Parks REIT IPO open?

    Embassy Office Parks REIT IPO will open on 18/03 and close on 20/03.

  2. What is the listing date of Embassy Office Parks REIT IPO?

    Embassy Office Parks REIT IPO will list on 01/04.

  3. What is the offer price of Embassy Office Parks REIT IPO?

    The offer price of Embassy Office Parks REIT IPO is ₹299-300.

  4. What is the lot size of Embassy Office Parks REIT IPO?

    The lot size of Embassy Office Parks REIT IPO is 400.

  5. What is the Grey Market Premium (GMP) price of Embassy Office Parks REIT IPO?

    The Grey Market Premium (GMP) price of Embassy Office Parks REIT IPO is Not Available at the moment.

  6. What is the Kostak price of Embassy Office Parks REIT IPO?

    The Kostak price of Embassy Office Parks REIT IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Embassy Office Parks REIT IPO?

    The Subject to Sauda price for Embassy Office Parks REIT IPO is Not Available at the moment.

Embassy Office Parks REIT IPO Review/Comments

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