Property Share REIT IPO is set to open on December 2, 2024, and will close on December 4, 2024. The Property Share REIT IPO is a Book Built Issue, aiming to raise approximately ₹352.91 crores. This includes a fresh issue of ₹352.91 crores and an offer for sale of up to [.]. The face value of each share is ₹-.
Property Share REIT IPO Price band is set between ₹10,00,000 to ₹10,50,000 per share. The quota allocation is 75% for Qualified institutional Buyers (QIB), 25% for Non-Institutional Investors (HNI). Property Share REIT IPO is scheduled to list on NSE & BSE on December 9, 2024, with the allotment announcement on December 5, 2024.
The company’s financials, including revenue and profit figures for 2024 and 2023, are yet to be disclosed. However, based on industry prospects, this IPO is recommended for long-term investment.
- Property Share REIT IPO Details
- Property Share REIT IPO Market Lot
- Property Share REIT IPO Dates
- About Property Share REIT
- Promoters of Property Share REIT
- Property Share REIT Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Property Share REIT IPO GMP (Grey Market Premium)
- Property Share REIT Subscription Status
- Property Share REIT Allotment Status
- IPO Registrar
- IPO Lead Managers
- Property Share REIT Contact
- FAQs
Property Share REIT IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Property Share Investment Trust |
| Industry | Real Estate Investment Trust |
| IPO Issue Type | Book Built Issue |
| Open Date | December 2, 2024 |
| Close Date | December 4, 2024 |
| Total Issue Size | Approx ₹352.91 Crores |
| Fresh Issue | Approx ₹352.91 Crores |
| Face Value | ₹[.] Per Equity Share |
| Price Band | ₹1000000 to ₹1050000 Per Share |
| Listing on | NSE & BSE |
| Lot Size | 1 Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 0% |
| Shares Offered to QIB | 75% |
| Shares Offered to HNI | 25% |
Property Share REIT IPO Market Lot
The minimum market lot size for the Property Share Investment Trust IPO is 1 share, requiring an application amount of ₹10,50,000.
Property Share Investment Trust IPO has a minimum lot size of 1 shares, with an amount of ₹10,50,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1 | ₹10,50,000 |
Property Share REIT IPO Dates
Property Share Investment Trust IPO opens on December 2, 2024, and closes on December 4, 2024. The allotment will be announced on December 5, 2024, and the IPO will be listed on December 9, 2024.
| Event | Date |
|---|---|
| IPO Open Date | December 2, 2024 |
| IPO Close Date | December 4, 2024 |
| Basis of Allotment | December 5, 2024 |
| Refunds | December 6, 2024 |
| Credit to Demat Account | December 6, 2024 |
| IPO Listing Date | December 9, 2024 |
About Property Share REIT
Incorporated on June 27, 2024, the Property Share Investment Trust operates under REIT regulations and laws as a small and medium-sized real estate investment trust. These trusts allow individuals to invest in real estate assets such as office buildings, malls, hotels, and hospitals. The primary objective of the Property Share Investment Trust is to raise funds, which will be used for the operation of the trust and other related activities.
In line with REIT regulations, the trust can only invest in specific schemes, including the development of Platina SPVs (Special Purpose Vehicles), covering mandatory costs such as stamp duty, registration fees, and surcharges, and providing funds to Platina SPVs for purchasing equity and debt instruments. The trust’s main goal is to own, operate, and invest in retail real estate properties that generate income and profit.
The management of the Property Share Investment Trust is overseen by non-independent directors, including Kunal Moktan, Hashim Qadeer Khan, and Benjamin Oliver Speat Cassey.
Promoters of Property Share REIT
- Mr. Kunal Moktan
- Mr. Hashim Qadeer Khan
- Mr. Benjamin Oliver Speat Cassey
Property Share REIT Financial Report
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | - | - | - | - |
| Revenue | - | - | - | - |
| Profit After Tax | - | - | - | - |
| Net Worth | - | - | - | - |
| Reserves and Surplus | - | - | - | - |
| Total Borrowing | - | - | - | - |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA Margin | -% |
| PAT Margin | -% |
| Debt to equity ratio | – |
| Earning Per Share (EPS) | ₹- (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | -% |
| Net Asset Value (NAV) | ₹- |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| NA | – | – | – | – | – Cr. |
| NA | – | – | – | – | – Cr. |
Objective of the Issue
- Acquisition of Project Platina by Platina SPVs as commercial office spaces, along with reimbursement of statutory charges (e.g., stamp duty, registration, surcharge, and cess) to the Investment Manager. This will be funded through lending to Platina SPVs and subscribing to their equity and debt instruments.
- General purposes.
Property Share REIT IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Property Share REIT, please visit the IPO GMP page.
Property Share REIT Subscription Status
This IPO subscription kicks off on December 2, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Property Share REIT Allotment Status
To check the Property Share REIT IPO allotment status, visit the IPO registrar website Kfin Tech or go to the IPO Allotment page.
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222
Email: propshare.ipo@kfintech.com
Website: www.kfintech.com
IPO Lead Managers
ICICI SECURITIES LIMITED
4th Floor, ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email: propshare.smreit@icicisecurities.com
Website: www.icicisecurities.com
Property Share REIT Contact
PROPERTY SHARE INVESTMENT TRUST
16th Floor, SKAV Seethalakshmi, 21/22,
Kasturba Road, Bangalore 560001, India
Phone: +91 80 3100 3902
E-mail: compliance.officer@propertyshare.in
Website: www.propertyshare.in
FAQs
What is the Property Share REIT’s IPO?
It is a main-board offering through which the company aims to raise ₹353 crores. The issue is priced between ₹10,00,000 and ₹10,50,000 per equity share and will be listed on both the BSE and NSE.
When will the Property Share REIT’s IPO open for subscription?
The IPO will open for subscription on December 2, 2024, and close on December 4, 2024, for QIB, NII, and retail investors.
What is the investor portion of the Property Share REIT’s IPO?
The allocation for investors is 75% for QIB, 25% for NII, and 0% for retail investors.
How can you apply for the Property Share REIT’s IPO?
Investors can apply for the Property Share REIT’s IPO online via ASBA through their bank account or UPI through their stock brokers. Offline applications can also be submitted through stock brokers by filling out the form.
What is the issue size of the Property Share REIT’s IPO?
The total issue size of the Property Share REIT IPO is ₹353 crores.
Note: Property Share REIT IPO price band and date have been officially announced. Property Share REIT IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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