Property Share REIT IPO Details
The key details of Property Share REIT’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹352.91 Cr |
| Price Range | ₹1000000 - ₹1050000 |
| Retail Quota | -- |
| QIB Quota | 75% |
| NII Quota | 25% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 1 |
| Investment (cut-off price) | Update soon |
| Pre IPO Promotor Holding | Update soon |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Property Share REIT IPO Timelines
The IPO process for Property Share REIT includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
02/12/2024
Start Date04/12/2024
End Date06/12/2024
Refund Initiation06/12/2024
Credit of Shares to Demat Ac10/12/2024
Listing DateProperty Share REIT IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1 | ₹10,50,000 |
Property Share REIT IPO Subscription Status
The subscription status for Property Share REIT IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 0.13x | 4.37x | -- | -- | 1.19x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹1050000 | ₹1042001 | ₹1050050 | ₹1021000 |
Property Share REIT IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|
About Company
Property Share Investment Trust, established in June 2024, is a SEBI-registered small and medium real estate investment trust (REIT). Its inaugural scheme, PropShare Platina, operates through a structured framework of six wholly-owned Special Purpose Vehicles (SPVs) in adherence to REIT regulations, ensuring operational compliance and stability.
The Trust’s Trustee, Axis Trustee Services Limited, brings extensive experience in financial services, including roles as a debenture trustee, escrow agent, and facility manager. It also manages REITs, InvITs, and Alternative Investment Funds (AIFs) while offering digital escrow and trustee services. With this strong foundation and expertise, Property Share Investment Trust is well-positioned to make a significant impact in India’s burgeoning REIT market.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2024 | Real Estate | Deepa rathi |
Know Before Investing
Property Share REIT IPO Strengths
- Grade A LEED Gold-Certified Asset by Prestige Group ensures sustainable and premium standards.
- Strategically positioned in Bangalore’s prime office hub on Outer Ring Road.
- Long-term 9-year lease with staggered lock-in periods of 3 to 7 years for stability.
- Inflation-adjusted cash flows with rent escalations every 3 years.
- Enhanced connectivity with metro operations expected by June 2026.
- Low management fees, starting at 0% in Year 1 and capped at 0.3% thereafter.
Property Share REIT IPO Risks
- Low occupancy or rental rates could significantly impact cash flows.
- Future upgrades face challenges like regulatory hurdles, financing risks, and uncertain profitability.
- Tenant-related risks such as defaults, early lease terminations, or disputes can affect revenues.
- Market downturns in real estate may reduce rental demand and income.
- Shared property ownership could hinder upgrades and limit operational control.
- Valuation assumptions might not accurately represent the asset’s true value.
Swot Analysis for Property Share REIT IPO
Strengths
First registered SM REIT, Diversified commercial property portfolio
Weaknesses
Market dependency on leasing, Limited brand recognition
Opportunities
Growing demand for commercial real estate, Urbanization trends
Threats
Intense competition, Regulatory changes affecting real estate market
Company Details
Property Share Investment Trust
16th Floor, SKAV Seethalakshm
Kasturba Road,
Bangalore-560001
Phone: +91 80 3100 3902
Email: compliance.officer@propertyshare.in
Website: http://www.propertyshare.in/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: propshare.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Property Share REIT IPO are:
- Acquisition of Project Platina includes commercial office spaces and reimbursement of statutory charges. Funding through lending and equity/debt subscription to Platina SPVs.
- Allocation for general corporate purposes.
ICICI Securities Limited is the book-running lead managers for the Property Share REIT IPO.