Property Share REIT IPO Details: The Property Share REIT IPO is scheduled to open on December 2, 2024, and close on December 4, 2024. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹353 crores. The offering includes a fresh issue of ₹353 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹[.].
The price band for the Property Share Investment Trust IPO is set at ₹10,00,000 to ₹10,50,000 per share. The retail investor quota stands at 0%, while the allocation for Qualified Institutional Buyers (QIB) is 75%, and High Net-Worth Individuals (HNI) is 25%. The IPO is expected to list on the BSE and NSE on December 9, 2024, with allotments finalized by December 5, 2024.
In terms of financial performance, the company reported revenue of ₹- crores in 2024, compared to ₹- crores in 2023. Similarly, the net profit stood at ₹- crores in 2024, as opposed to ₹- crores in 2023. Based on the company’s financials, this IPO is recommended for long-term investment considerations.
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
Property Share REIT IPO Review (Apply or Not)
- May Apply
Property Share REIT IPO Date & Price Band Details:
| IPO Open Date: | December 2, 2024 |
| IPO Close Date | December 4, 2024 |
| Face Value: | ₹- Per Equity Share |
| IPO Price Band: | ₹1000000 to ₹1050000 Per Share |
| Issue Size: | Approx ₹352.91 Crores |
| Fresh Issue: | Approx ₹352.91 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than -% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 25% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Property Share REIT IPO Lot Size:
The minimum market lot size for the Property Share Investment Trust IPO is 1 share, with an application amount of ₹10,50,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1 | ₹10,50,000 |
Property Share REIT IPO Timeline:
The Property Share Investment Trust IPO will open on December 2, 2024, and close on December 4, 2024. The allotment of shares will be finalized on December 5, 2024, with the IPO expected to list on December 9, 2024.
| 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 |
Property Share REIT IPO GMP Today:
We provide daily updates on the IPO GMP, and based on the grey market activity over the last six sessions, there has been no significant movement in the GMP today. We expect this trend to continue until the listing day. Stay tuned with us for the latest updates on the Property Share InvIT IPO GMP and its expected listing price.
Promoters of Property Share REIT IPO
The promoters of the Property Share REIT IPO have not been disclosed.
About Property Share Investment Trust
Founded on June 27, 2024, Property Share Investment Trust operates under REIT (Real Estate Investment Trust) regulations and laws. It is classified as a small and medium-sized real estate investment trust, providing individuals with the opportunity to invest in real estate assets such as office buildings, shopping malls, hotels, and hospitals. The primary objective of Property Share Investment Trust is to raise funds, which will be used for the trust’s operations and other related activities.
In accordance with REIT regulations, the trust can invest only in specific types of schemes, such as developing Platina SPVs (Special Purpose Vehicles), covering mandatory expenses like stamp duty, registration fees, supercharge, and cess, and providing funds to Platina SPVs to acquire equity and debt instruments. The main goal is to own, operate, and invest in retail real estate properties that generate income and profits.
Key non-independent directors, including Kunal Moktan, Hashim Qadeer Khan, and Benjamin Oliver Speat Cassey, oversee the management of Property Share Investment Trust.
Property Share REIT IPO Company Financial Report
The company reported revenue of ₹- crores in 2024 against ₹- crore in 2023. The company reported Profit of ₹- crores in 2024 against Profit of ₹- crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹- | ₹- | ₹- | ₹- |
| 2023 | ₹- | ₹- | ₹- | ₹- |
| 2024 | ₹- | ₹- | ₹- | ₹- |
Property Share REIT IPO Valuation – FY2024
Check Property Share REIT IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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. |
Property Share REIT IPO Registrar
KFin Technologies Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email: propshare.ipo@kfintech.com
Website: https://ris.kfintech.com/
IPO Lead Managers aka Merchant Bankers
- 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
E-mail: compliance.officer@propertyshare.in
Website: www.propertyshare.in
Property Share REIT IPO FAQs
What is Property Share REIT IPO?
The Property Share REIT IPO is a mainboard offering, with the company aiming to raise ₹353 crores through the issue. The price range for the IPO is ₹10,00,000 to ₹10,50,000 per equity share. The IPO will be listed on both BSE and NSE.
When will the Property Share REIT IPO open for subscription?
The IPO will open for subscription on December 2, 2024, and will be available to QIBs, NIIs, and retail investors. The subscription will close on December 4, 2024.
What is the investor portion for the Property Share REIT IPO?
The IPO allocation is as follows: 75% for QIBs, 25% for NIIs, and 0% for retail investors.
How can I apply for the Property Share REIT IPO?
You can apply for the Property Share REIT IPO through ASBA online via your bank account. Alternatively, you can apply through UPI with the help of your stock broker, or submit an offline application via your broker.
What is the issue size of the Property Share REIT IPO?
The issue size of the Property Share REIT IPO is ₹353 crores.
What is the price band for the Property Share REIT IPO?
The price band for the Property Share REIT IPO is ₹10,00,000 to ₹10,50,000 per share.
What is the lot size for the Property Share REIT IPO?
The minimum bid for the Property Share REIT IPO is 1 share, with an application amount of ₹10,50,000.
What is the allotment date for the Property Share REIT IPO?
The allotment date for the Property Share REIT IPO is December 5, 2024.
When will the Property Share REIT IPO be listed?
The Property Share REIT IPO is expected to be listed on December 9, 2024, on both BSE and NSE.
