Property Share REIT IPO

NiftyTrader • November 28, 2024

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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. The minimum lot size for an application is 1 Shares. The minimum amount of investment required by retail investors is ₹1,050,000.

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 Details

IPO Date	December 2, 2024 to December 4, 2024
Listing Date	[.]
Face Value	₹ per share
Price	₹1000000 to ₹1050000 per share
Lot Size	1 Shares
Total Issue Size	3,361 shares (aggregating up to ₹352.91 Cr)
Offer for Sale	3,361 shares (aggregating up to ₹352.91 Cr)
Issue Type	Book Built Issue SM REIT
Listing At	BSE, NSE
Shareholding pre-issue	3,361

Property Share REIT IPO Lot Size

Investors can bid for a minimum of 1 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1	₹1,050,000
Retail (Max)
S-HNI (Min)
S-HNI (Max)
B-HNI (Min)

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

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

Trustee of REITs, InvITs, AIFs and family trust etc., in the domestic market.

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

Suraksha Diagnostic 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
A 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