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 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.
Property Share REIT IPO Details
| IPO Date | December 2, 2024 to December 4, 2024 |
| Listing Date | [.] |
| Face Value | ₹ per share |
| Price Band | ₹1000000 to ₹1050000 per share |
| Lot Size | 1 Shares |
| Total Issue Size | 3,361 shares (aggregating up to ₹352.91 Cr) |
| Fresh Issue | 3,361 shares (aggregating up to ₹352.91 Cr) |
| Issue Type | Book Built Issue SM REIT |
| Listing At | BSE |
| Share holding post issue | 3,361 |
Property Share REIT IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 25% of the Net Issue |
Property Share REIT IPO Timeline (Tentative Schedule)
Property Share REIT IPO opens on December 2, 2024, and closes on December 4, 2024.
| IPO Open Date | Monday, December 2, 2024 |
| IPO Close Date | Wednesday, December 4, 2024 |
| Basis of Allotment | Thursday, December 5, 2024 |
| Initiation of Refunds | Friday, December 6, 2024 |
| Credit of Shares to Demat | Friday, December 6, 2024 |
| Listing Date | Monday, December 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 4, 2024 |
Property Share REIT IPO Lot Size
Investors can bid for a minimum of 1 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1 | ₹1,050,000 |
| Retail (Max) | 0 | 0 | |
| (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| Lot Size Calculator | |||
About Property Share Investment Trust
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.
Objects of the Issue (Property Share REIT IPO Objectives)
The Offer Proceeds are proposed to be utilised in accordance with the details provided in the following table:
- Acquisitions of the Project Platina by Platina SPVs as commercial office spaces and reimbursement of the payment of applicable statutory charges under applicable laws (including stamp duty, registration, surcharge and cess etc. for the registration of sale deeds) to the Investment Manager for the proposed acquisition of the Project Platina by the Platina SPVs as commercial office spaces by way of lending to the Platina SPVs and subscribing to the equity and debt instruments of the Platina
- General Purposes
Property Share REIT IPO Review (May apply)
[Dilip Davda] This is the maiden offer on PropShare Platina by the Trust and it has no financial track record. The entry level is for a minimum of Rs. 10 Lakh and above, hence this is a pure long term investment offer for HNIs, Corporate and Institutional investors. Well-informed investors may park funds for the long term. Read detail review…
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Property Share REIT IPO Prospectus
Property Share Investment Trust Contact Details
Property Share Investment Trust
16th Floor, SKAV Seethalakshm
Kasturba Road,
Bangalore-560001
Phone:
Email: compliance.officer@propertyshare.in
Website: http://www.propertyshare.in/
Property Share REIT IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: propshare.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/