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Property Share REIT IPO Details, Financials, Valuation & Peers
By IPOBase •Last Updated on
Explore Property Share REIT IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Status
Listed
Biding Dates
02 Dec - 04 Dec 2024
Price Range
₹1000000 - ₹1050000
Min Investment
₹10,50,000
Lot Size
1 shares
Issue Size
₹352.91 crore
Listed Price
₹10,21,000-2.76%
Overview
Property Share Investment Trust (REIT) is India’s first registered Small and Medium Real Estate Investment Trust, established to facilitate investments in completed and revenue-generating real estate properties. Structured to operate through distinct schemes under REIT regulations, each scheme is tailored with unique investment objectives and strategies. Investments are made via Special Purpose Vehicles (SPVs), ensuring a focused and streamlined approach to real estate asset management.
PropShare Platina, the REIT's inaugural scheme, includes premium commercial office spaces located in Bangalore, demonstrating the trust's focus on high-quality, revenue-generating assets.
Objects of the Issue
- Acquisitions of the real estate properties by the SPVs as commercial office spaces by way of lending to the Platina SPVs or subscribing to the equity and debt instruments of the SPVs
- General purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 02 Dec - 04 Dec 2024 |
| IPO Price Band | ₹1000000 - ₹1050000 per share |
| Fresh Issue | ₹352.91 crore |
| Offer For Sale | NIL |
| Total IPO Size | ₹352.91 crore |
| Face Value | |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 02 Dec 2024 |
| IPO Closing Date | 04 Dec 2024 |
| Basis Of Allotment | 05 Dec 2024 |
| Refunds | 06 Dec 2024 |
| Demat Transfer | 06 Dec 2024 |
| IPO Listing Date | 10 Dec 2024 |
Peer Comparison
No listed peers available for comparison.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 75% |
| Non-Institutional Investor (NII/HNI) | Not more than 25% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 0 |
| Retail Individual Investor (RII) | 0 |
| Total | 0 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
TRUSTEE
- Axis Trustee Services Limited
INVESTMENT MANAGER
- PropShare Investment Manager Private Limited
Lead Managers
- ICICI SECURITIES LIMITED
Company Address
Property Share Investment Trust
16th Floor, SKAV Seethalakshmi, 21/22, Kasturba Road, Bangalore 560001, India
Phone: +91 80 3100 3902
Email: compliance.officer@propertyshare.in
Website: www.propertyshare.in
FAQs
- What is the issue size of the Property Share REIT IPO?The Property Share REIT IPO has an issue size of ₹352.91 crore. This includes a fresh issue of ₹352.91 crore and an offer for sale (OFS) of NIL.
- What is the price band of the Property Share REIT IPO?The price band for the Property Share REIT IPO is ₹1000000 - ₹1050000 per share.
- What are the bidding dates for the Property Share REIT IPO?The Property Share REIT IPO will open for bidding on 02 Dec 2024 and close on 04 Dec 2024.
- What is the allotment date for the Property Share REIT IPO?The allotment date for the Property Share REIT IPO is 05 Dec 2024.
- What is the minimum lot size and investment required for the Property Share REIT IPO?The minimum lot size for the Property Share REIT IPO is 1 shares and the minimum investment required is ₹10,50,000.
- What is the listing date for the Property Share REIT IPO?The listing date for the Property Share REIT IPO is 10 Dec 2024.
- What is the Property Share REIT IPO grey market premium?The grey market premium (GMP) for the Property Share REIT IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.