Property Share REIT IPO is a book-built issue worth ₹352.91 crores, consisting entirely of a fresh issue of 0.03 lakh shares. The IPO will open for subscription on December 2, 2024, and close on December 4, 2024. The allotment process is expected to be finalized on Thursday, December 5, 2024, with the shares set to list on BSE SME on Monday, December 9, 2024.
The IPO’s price band is fixed between ₹10,00,000 and ₹10,50,000 per share, with a minimum lot size of 1 share, requiring a retail investor to invest a minimum of ₹10,50,000.
Overview of Contents
Property Share REIT IPO Details
| IPO Details | Description |
|---|---|
| IPO Date | December 2, 2024 to December 4, 2024 |
| Listing Date | December 9, 2024 (Tentative) |
| Face Value | ₹1,000,000 per share |
| Price Band | ₹1,000,000 to ₹1,050,000 per share |
| Lot Size | 1 Share |
| 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 - SME REIT |
| Minimum Investment | ₹1,050,000 (1 share) |
| Listing At | BSE SME |
| Allotment Date | December 5, 2024 (Tentative) |
| Shareholding Post Issue | 3,361 shares |
| Industry | Real Estate Investment Trust (REIT) |
| Registrar | [Registrar Name] |
| Promoters | [Promoter Names] |
| Objective of the IPO | To fund new acquisitions, repay debt, and general corporate purposes. |
| Strengths | High-yield assets, experienced management, strong real estate portfolio. |
Property Share REIT IPO Timeline
The Property Share REIT IPO is a highly anticipated offering in the SME sector, opening for subscription on December 2, 2024, and closing on December 4, 2024. Below is the detailed timeline of important dates related to the IPO, including allotment, refunds, credit of shares, and the expected listing date. Investors are advised to complete their UPI mandate confirmation before the cut-off time to ensure successful application.
| Event | Date | Details |
| IPO Open Date | Monday, December 2, 2024 | The IPO subscription begins. |
| IPO Close Date | Wednesday, December 4, 2024 | The last day to apply for the IPO. |
| Cut-off Time for UPI Mandate | 5 PM on December 4, 2024 | Ensure UPI mandate confirmation before this time for successful bidding. |
| Basis of Allotment Finalization | Thursday, December 5, 2024 | The allotment of shares will be finalized. |
| Initiation of Refunds | Friday, December 6, 2024 | Refunds will be initiated for unallotted shares. |
| Credit of Shares to Demat | Friday, December 6, 2024 | Allotted shares will be credited to investors' Demat accounts. |
| Listing Date | Monday, December 9, 2024 | Trading of shares will commence on the BSE SME. |
Additional Insights:
- UPI Mandate Importance: Investors using UPI for payment must confirm their mandate before the cut-off to avoid application rejection.
- Listing Benefits: Listing on the BSE SME platform can offer better visibility and liquidity for the shares.
- Timely Actions: Investors should stay informed about the allotment status and refund process through their IPO registrar’s platform.
Property Share REIT IPO Lot Size
Investors can apply for the Property Share REIT IPO in a minimum lot size of 1 share and in multiples thereof. Below is a table showcasing the minimum and maximum investment details for Retail Investors, S-HNIs (Small High Net Worth Individuals), and B-HNIs (Big High Net Worth Individuals) in terms of lots, shares, and the amount.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1 | ₹1,050,000 |
| Retail (Max) | Not Applicable | Not Applicable | Not Applicable |
| S-HNI (Min) | 2 | 2 | ₹2,100,000 |
| S-HNI (Max) | As per demand | As per demand | As per demand |
| B-HNI (Min) | 100+ | 100+ | ₹105,000,000+ |
Additional Details:
- Retail Investors: Can bid for a minimum of 1 share and cannot exceed this limit due to the high price per share.
- S-HNIs (Small High Net Worth Individuals): Must bid for 2 or more shares, with no upper limit but subject to overall IPO allotment constraints.
- B-HNIs (Big High Net Worth Individuals): Typically apply for significantly larger volumes, starting at 100 shares or more, depending on their investment capacity.
Key Points to Note:
- The price band for the IPO is set at ₹1,000,000 to ₹1,050,000 per share.
- Retail category investors must adhere to the single-share application limit.
- HNIs have greater flexibility but need substantial capital due to the higher minimum investment threshold.
This structure allows investors across different categories to participate based on their financial capacity, making the Property Share REIT IPO an attractive opportunity for both retail and high-net-worth investors.
About Property Share REIT
Incorporated in June 2024, Property Share Investment Trust is a SEBI-registered small and medium real estate investment trust (SME REIT). The Trust launched its first scheme, PropShare Platina, which operates under the REIT Regulations with six wholly owned Special Purpose Vehicles (SPVs) in its structure. The Trustee of Property Share Investment Trust is Axis Trustee Services Limited, which provides services such as debenture trustee, security trustee, facility agent, and escrow agency.
The Trust enables individuals to invest in real estate assets like office buildings, malls, hotels, and hospitals, offering an opportunity for diversified real estate investments. The primary goal of Property Share Investment Trust is to raise funds and utilize them for its operations and other purposes. Under REIT regulations, the funds are invested in specific schemes, including developing Platina SPVs, covering compulsory charges such as stamp duty, registration fees, supercharges, and cesses, and financing Platina SPVs projects through equity and debt instruments.
With a focus on owning, operating, and investing in retail real estate properties, the Trust aims to generate income and profits for its investors. The organization is managed by experienced non-independent directors, including Kunal Moktan, Hashim Qadeer Khan, and Benjamin Oliver Speat Cassey, who play a pivotal role in its governance and strategic direction
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/
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
Conclusion
In conclusion, Property Share Investment Trust, established in June 2024, offers a unique opportunity for investors to participate in the growth of the real estate sector through its PropShare Platina scheme. With a focus on investing in retail real estate properties and adhering to REIT regulations, the Trust aims to generate consistent income and profits. Managed by experienced professionals, it provides a transparent and regulated platform for individuals looking to invest in high-quality real estate assets.
FAQs
What is Property Share Investment Trust?
Property Share Investment Trust is a SEBI-registered small and medium real estate investment trust (SME REIT), incorporated in June 2024. It enables investors to invest in retail real estate assets like office buildings, malls, hotels, and hospitals through its first scheme, PropShare Platina.
When does the Property Share REIT IPO open and close?
The IPO opens for subscription on December 2, 2024, and closes on December 4, 2024.
What is the price band for the IPO?
The price band for the Property Share REIT IPO is set between ₹1,000,000 to ₹1,050,000 per share.
What is the minimum investment for retail investors?
Retail investors can apply for a minimum of 1 share, with a minimum investment of ₹1,050,000.
Who is the Trustee for Property Share Investment Trust?
The Trustee is Axis Trustee Services Limited, providing services like debenture trustee, security trustee, and facility agent.
When will the shares be listed on the stock exchange?
The shares of Property Share Investment Trust REIT are expected to list on the BSE SME platform on December 9, 2024.
Who manages the Property Share Investment Trust?
The management is overseen by non-independent directors, including Kunal Moktan, Hashim Qadeer Khan, and Benjamin Oliver Speat Cassey.