The subscription period for the Property Share InvIT IPO is scheduled to run from December 2, 2024, to December 4, 2024. The goal of this book-built IPO is to raise ₹352.91 crores. Shares are anticipated to list on the BSE and NSE on December 9, 2024. Commercial office space purchases and the payment of certain statutory fees will be made possible by the IPO’s profits. As the book-running lead manager and registrar, respectively, ICICI Securities Limited and Kfin Technologies Limited, the Property Share InvIT IPO is expected to draw substantial interest from both institutional and retail investors.
Property Share REIT IPO Details
| IPO Open Date | December 2, 2024 |
| IPO Close Date | December 4, 2024 |
| Listing Date | Monday, December 9, 2024 |
| Face Value | ₹ per share |
| Price | [.] to [.] 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 REIT |
| Listing At | BSE, NSE |
| Share holding post issue | 3,361 |
Property Share InvIT IPO Review
- Market Volatility: The performance of the IPO may be impacted by shifts in the market.
- Regulatory Risks: Future profitability and the IPO process may be impacted by the regulatory environment.
- Limited Retail Information: Individual investor planning is impacted by the lack of clarity surrounding retail quota specifics.
- Post-IPO Promoter Holding: Investor sentiment may be impacted by changes in promoter ownership.
About the Company – Property Share InvIT
India’s first registered Small and Medium Real Estate Investment Trust (SM REIT) is the Property Share Investment Trust (REIT). The business uses one or more schemes to invest in small and medium-sized real estate trusts. Commercial office premises in Bangalore are part of the company’s first REIT scheme, PropShare Platina. The scheme will only invest in finished, income-producing real estate properties through SPVs.
The purpose of the Property Share Investment Trust is to raise money, which will then be used to fund the trust’s operations as well as other projects. They can only invest in specific schemes, such as creating Platina SPVs (special purpose vehicles), paying mandatory fees like stamp duty, registration fees, supercharge, and cees, and finally contributing funds to the Platina SPVs project to purchase debt and equity instruments, due to the REIT (Real Estate Investment Trust) regulations.
