Property Share Investment Trust is set to launch its IPO. The IPO will open on 2 December 2024 and close on 4 December 2024. This is a book-built issue, aiming to raise a total of ₹352.91 crores.
The IPO comprises a fresh issue of 3,361 units, aggregating to ₹352.91 crores. Each unit has a face value of ₹*. The price band for the Property Share Investment Trust IPO will be announced soon.
This IPO provides investors with a unique opportunity to invest in India’s first Small and Medium Real Estate Investment Trust (SM REIT).
IPO Key Highlights
| Parameter | Details |
|---|---|
| IPO Opening Date | December 2, 2024 |
| IPO Closing Date | December 4, 2024 |
| Anchor Investor Bidding Date | N/A |
| IPO Price Range | * |
| Face Value of Share | ₹ per share |
| Net Issue Size Offered | 3,361 shares (aggregating up to ₹352.91 Cr) |
| Fresh Issue | 3,361 shares (aggregating up to ₹352.91 Cr) |
| Offer For Sale (OFS) | N/A |
| Lot Size | 1 Share |
| Listing at | BSE and NSE |
| Issue Type | Book Built Issue |
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | Monday, December 2, 2024 |
| IPO Closing Date | Wednesday, December 4, 2024 |
| Basis of Allotment | Thursday, December 5, 2024 |
| Initiation of Refunds | Friday, December 6, 2024 |
| Credit of Shares to Demat | Friday, December 6, 2024 |
| Listing Date | Monday, December 9, 2024 |
What is GMP of Property Share Investment Trust IPO Today?
As of November 24, 2024, the Grey Market Premium (GMP) for the Property Share Investment Trust IPO is ₹*. This indicates that the shares are expected to list at approximately ₹* per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financial Standings
| Period | Financial Year 2024 (₹ Lakhs) | Financial Year 2023 (₹ Lakhs) | Financial Year 2022 (₹ Lakhs) |
|---|---|---|---|
| Total Assets | * | * | * |
| Total Revenue | * | * | * |
| Total Expense | * | * | * |
| Profit After Tax | * | * | * |
| Company’s Net Worth | * | * | * |
| Total Reserves & Surplus | * | * | * |
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value (June 30, 2024) |
|---|---|
| Return on Capital Employed (ROCE) | * |
| Return on Equity (ROE) | * |
| EBITDA Margin (%) | * |
| After Tax Profit Margin (%) | * |
| Debt to Equity Ratio | * |
| Return on Net Worth (RONW) | * |
| Net Asset Value (NAV) | * |
Company Overview
The Property Share Investment Trust is India’s first small and medium real estate investment trust (SM REIT), established in June 2024. It focuses on owning, operating, and managing income-generating retail real estate assets, adhering to the SEBI REIT regulations. The trust raises funds to invest in real estate projects via specialized schemes and special-purpose vehicles (SPVs), ensuring compliance with regulatory standards.
The first project under this trust, PropShare Platina, includes high-quality commercial office spaces located in Bangalore, developed to provide stable rental income and long-term capital appreciation
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | * | * |
| Retail Investor (Maximum Lot) | 13 | * | * |
| HNI Investor (Minimum Lot) | 14 | * | * |
| Big HNI Investor (Minimum Lot) | 68 | * | * |
| Big HNI Investor (Maximum Lot) | 434 | * | * |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | Not more than 75% of the Net Offer |
| Shares Reserved for Retail Investors | * |
| Shares Reserved for Non-Institutional Investors | Not more than 25% of the Net Offer |
Objectives of the Proposed Issue
The fund raised through this IPO will be used for the following purposes.
- To fund the acquisition of Project Platina, including covering registration costs and related expenses.
- General Corporate Purposes.
Popular Questions
- What are the opening and closing dates for the Property Share Investment Trust IPO?
The IPO opens on December 2, 2024 and closes on December 4, 2024. - Who is the registrar for the Property Share Investment Trust IPO?
The registrar is KFin Technologies Limited. - What are the main objectives of the IPO?
The funds will be utilized for the acquisition of Project Platina and for general corporate purposes. - On which stock exchange will the shares be listed?
The shares are proposed to be listed on BSE and NSE. - What is the total issue size for the Property Share Investment Trust IPO?
The total issue comprises up to 3,361 units, aggregating to ₹352.91 crore. - When will the allotment and refund process begin?
The allotment date is December 5, 2024, and refunds will begin on December 6, 2024. - When will the shares be credited to the Demat account?
Shares will be credited to investors’ Demat accounts on December 6, 2024. - What is the expected listing date for the IPO?
The shares are expected to list on December 9, 2024. - What is the minimum lot size for retail investors in this IPO?
They can bid for a minimum of 1 unit, amounting to ₹1000000 to 1050000
11. Who is the lead manager for this IPO
The lead manager is ICICI Securities Ltd.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Property Share Investment Trust IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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