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 ftheir 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. They believe they 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 their 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. Their 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 their business has given us a market leading position, makes their properties a preferred office location in each of their respective submarkets and allows us to offer consolidation and expansion options for their tenants. This has enabled us to attract, retain and grow multinational tenants in their parks leading to tenant stickiness. As a result they have grown revenue from operations by 15.4% over Financial Year 2016 to Financial Year 2018.
| 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 |
| 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 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusEmbassy Office Parks REIT IPO will open on 18/03 and close on 20/03.
Embassy Office Parks REIT IPO will list on 01/04.
The offer price of Embassy Office Parks REIT IPO is ₹299-300.
The lot size of Embassy Office Parks REIT IPO is 400.
The Grey Market Premium (GMP) price of Embassy Office Parks REIT IPO is Not Available at the moment.
The Kostak price of Embassy Office Parks REIT IPO is Not Available at the moment.
The Subject to Sauda price for Embassy Office Parks REIT IPO is Not Available at the moment.
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