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.
Property Share REIT IPO – Details
| IPO Opening Date | 02 December 2024 |
| IPO Closing Date | 04 December 2024 |
| Issue Type | Book Built Issue REIT |
| Issue Size | Total Issue Size: 3,361 shares Worth ₹352.91 Crore Fresh Issue: 3,361 shares Worth ₹352.91 Crore |
| Face Value | ₹[] per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 25% |
Property Share REIT IPO – Date Schedule
| IPO Open Date | 02 December 2024 |
| IPO Close Date | 04 December 2024 |
| Basis of Allotment | 05 December 2024 |
| Initiation of Refund | 06 December 2024 |
| Credit of Shares to Demat Account | 06 December 2024 |
| IPO Listing Date | 09 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 04, 2024 |
Competitive Strengths
- Grade A, LEED Gold asset built by one of India’s leading developers, The Prestige Group.
- Located on the Outer Ring Road, Bangalore’s largest office market.
- 100% proposed lease to a US-based technology company.
- Stable cash flows from a long 9-year lease and a 3-7 year staggered lock-in period under the proposed lease.
- Inflation linked cash flows with contracted escalations every 3 years under the proposed lease.
Object Of The Issue
- 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 Promoter Holding
| Pre Issue Share Holding | – |
| Post Issue Share Holding | – |
Property Share REIT IPO Prospectus
Company Contact Information
| 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 Lead Manager(s)
| 1. ICICI Securities Limited |
Property Share REIT IPO FAQs
| What is Property Share REIT IPO? Property Share REIT IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on BSE & NSE. |
| When Property Share REIT IPO will open? The IPO is to open on 02 December 2024 for QIB, and NII. |
| What is Property Share REIT IPO Investors Portion? The investors’ portion for QIB – 75%, and NII – 25%. |
| How to Apply the Property Share REIT IPO? You can apply Property Share REIT IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Property Share REIT IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Property Share REIT IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Property Share REIT IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Property Share REIT IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Property Share REIT IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Property Share REIT IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Property Share REIT IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Property Share REIT IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Property Share REIT IPO Size? Property Share REIT IPO size is ₹352.91 Crore. |
| What is the Property Share REIT IPO Price Band? Property Share REIT IPO Price Band is ₹[] to ₹[]. |
| What is Property Share REIT IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[] amount while the maximum bid is [] Shares with ₹[]. |
| What is the Property Share REIT IPO Allotment Date? Property Share REIT IPO allotment date is 05 December 2024. |
| What is the Property Share REIT IPO Listing Date? Property Share REIT IPO listing date is 09 December 2024. The IPO is to be listed on BSE and NSE. |
