Property Share REIT IPO

Property Share REIT IPO

  • IPO Date02 Dec, 2024 to 04 Dec, 2024
  • Listing Date09 Dec, 2024
  • Face Value-
  • Issue Price₹1000000 to ₹1050000 per share
  • Lot Size1 Shares
  • Minimum Investment₹10,50,000
  • Listing AtBSE, NSE
  • Total Issue Size3,361 Shares
    (aggregating up to ₹352.90 Cr)
  • Fresh Issue3,361 Shares
    (aggregating up to ₹352.90 Cr)
  • Offer for Sale-
  • Issue TypeBook Built Issue SM REIT
  • Share holding pre issue3,361
  • Shareholding post issue-
IPO Dates

Closing Date

04 Dec, 2024

Initiation of Refunds

06 Dec, 2024

Listing Date

09 Dec, 2024

02 Dec, 2024

Opening Date

05 Dec, 2024

Basis of Allotment

06 Dec, 2024

Credit of Shares

UPI Mandate Expiry Date:04 Dec, 2024

Property Share REIT Lot Size

ApplicationLotsSharesAmount
S-HNI (Min)---
Retail (Max)---
Retail (Min)11₹10,50,000
B-HNI (Min)---
S-HNI (Max)---

Property Share REIT COMPANY INFORMATION

Property Share REIT IPO is a book built issue of Rs 352.91 crores. The issue is entirely a fresh issue of 0 crore shares. Property Share REIT IPO opens for subscription on December 2, 2024 and closes on December 4, 2024. The allotment for the Property Share REIT IPO is expected to be finalized on Thursday, December 5, 2024. Property Share REIT IPO will list on BSE, NSE with tentative listing date fixed as Monday, December 9, 2024. Property Share REIT IPO price band is set at ₹1000000 to ₹1050000 per share. The minimum lot size for an application is 1 Shares. The minimum amount of investment required by retail investors is ₹1,050,000. ICICI Securities Limited is the book running lead manager of the Property Share REIT IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Property Share REIT IPO RHP for detailed information.

Incorporated in June 2024, Property Share Investment Trust is a SEBI-registered small and medium real estate investment trust. The Trust's first scheme is PropShare Platina, which has six wholly owned SPVs under its structure as per the REIT Regulations.

The Trustee of Property Share Investment Trust is Axis Trustee Services Limited.

The Trustee provides the following services as

  • Debenture trustee;
  • Security trustee,
  • Facility agent;
  • Escrow agency,
  • Custody services;
  • Trust and retention account;
  • Securitization trustee;
  • Share monitoring trustee;
  • Lender repayment trustee;
  • Digital escrow agency; and
  • Trustee of REITs, InvITs, AIFs and family trust etc., in the domestic market.

 Property Share (REIT) IPO

 IPO Overview and Key Highlights

The Property Share Investment Trust, India’s first registered Small and Medium Real Estate Investment Trust (SM REIT), is offering its Initial Public Offering (IPO). The offer includes a combination of fresh issue units and pre-existing scheme units under the trust. The IPO aims to fund investments in completed, revenue-generating real estate projects, refinance existing debts, and support general corporate purposes.

 Key IPO Details

  • Type of Issue: Book Built Issue
  • Listing Platform: NSE and BSE
  • Offer Opens: November 29, 2024
  • Offer Closes: December 3, 2024
  • Principal Office: Bangalore, India

 Trust Overview

Registered in 2024, the Property Share Investment Trust is a contributory, determinate, and irrevocable trust designed to pool resources for real estate investments. Its first scheme, PropShare Platina, focuses on commercial office spaces in Bangalore.

 Financial Overview

The REIT’s structure and strategy align with India’s growing need for commercial and real estate investments. The trust has shown resilience in financial metrics and forecasts healthy returns through investments in leased commercial spaces.

 Key Strengths of the REIT

  1. Focused Investment Strategy: Targets revenue-generating assets.
  2. Strong Market Demand: Positioned in high-demand locations.
  3. Professional Management: Experienced leadership ensures strategic execution.

 IPO Pros and Cons

 Pros

  • Stable Revenue Model: Focus on leased properties ensures steady cash flow.
  • Sector Growth: Capitalizes on India’s growing real estate and infrastructure demand.
  • Diversified Portfolio: Reduces risks associated with single-asset dependency.

 Cons

  • Regulatory Dependencies: Compliance with evolving real estate and REIT regulations.
  • Economic Sensitivity: Business depends on economic and market trends.
  • Market Competition: Faces competition from other REITs and developers.

 Risk Factors

Investors must consider the following risks:

  • Occupancy Risk: Lower occupancy rates could impact rental income.
  • Title Risks: Legal disputes over property titles may arise.
  • Economic Volatility: Changes in market conditions may affect property valuations and returns.

 Conclusion

The Property Share Investment Trust IPO presents an opportunity to invest in India’s burgeoning commercial real estate sector. The REIT’s focus on revenue-generating properties, coupled with experienced management, offers strong growth potential. However, investors should weigh risks such as market dependency and regulatory challenges before investing.

FAQs About Property Share Reit Ipo

Property Share REIT IPO will open on 02 Dec, 2024 and close on 04 Dec, 2024. Investors must apply within this period to participate.

The Property Share REIT IPO price band is set between ₹1000000.00 and ₹1050000.00 per share. The minimum lot size is 1, requiring an investment of at least ₹1050000.00.

The Property Share REIT IPO shares are expected to be listed on 09 Dec, 2024, subject to regulatory approvals and final allotment.

You can track your Property Share REIT IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Property Share REIT IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.