Property Share REIT IPO Details

December 2, 2024 - December 4, 2024

IPO Details
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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.

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.

IPO Date	December 2, 2024 to December 4, 2024
Listing Date	[.]
Face Value	₹ per share
Price Band	₹1000000 to ₹1050000 per share
Lot Size
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, NSE
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

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...

Property Share REIT IPO Prospectus

Property Share REIT IPO Rating

1.0

Rating:

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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/

Property Share REIT IPO - Buy or Not

Property Share REIT IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	1	0	0
Members	0	0	1

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Property Share REIT IPO Lead Manager(s)

ICICI Securities Limited (Past IPO Performance)

Lead Manager Reports

IPO Lead Manager Performance Summary
IPO Lead Manager Performance Tracker

Property Share REIT IPO FAQs

Property Share REIT IPO is a main-board SM REIT of 3,361 equity shares of the face value of ₹ aggregating up to ₹352.91 Crores. The issue is priced at ₹1000000 to ₹1050000 per share. The minimum order quantity is .

The SM REIT opens on December 2, 2024, and closes on December 4, 2024.

Kfin Technologies Limited is the registrar for the SM REIT. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Property Share REIT IPO using UPI as a payment gateway. Zerodha customers can apply in Property Share REIT IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Property Share REIT IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'Property Share REIT IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Property Share REIT IPO opens on December 2, 2024 and closes on December 4, 2024.

Property Share REIT IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Property Share REIT IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Property Share REIT IPO will be done on Thursday, December 5, 2024, and the allotted shares will be credited to your demat account by Friday, December 6, 2024. Check the Property Share REIT IPO allotment status.

The Property Share REIT IPO listing date is not yet announced. The tentative date of Property Share REIT IPO listing is Monday, December 9, 2024.