Property Share Investment Trust- Propshare Titania
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Property Share Investment Trust- Propshare Titania IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹10,60,000
Per ShareLot Size
1 Shares
Minimum Investment
₹10,60,000
Issue Size
₹473 Cr
Face Value
₹10
Per ShareIPO Type
Book Building-REITs - SME
Retail Quota
0%
QIB Quota
75%
NII Quota
25%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Property Share Investment Trust- Propshare Titania
Business model, operations, and market positioning.
Issue Type
Book Building-REITs - SME
ISIN
INE19RO25021
About the Company
PropShare Titania is the second scheme launched by Property Share Investment Trust, India's first small and medium real estate investment trust registered with the Securities and Exchange Board of India. PropShare Titania offers investors an opportunity to invest in various office premises across six floors of G Corp Tech Park, a Grade A+ commercial office building, located in Thane, Mumbai Metropolitan Region. PropShare Titania has a leasable area of 4,37,973 sf. PropShare Titania is fully leased to a mix of Fortune 500 companies, multinational companies ("MNCs") and bluechip tenants, including Aditya Birla Capital (including its subsidiaries and group companies) - an Indian MNC conglomerate operating in the BFSI sector ("Aditya Birla Capital"), Convergys India Services Private Limited (acquired by Concentrix) ("Concentrix"), a Fortune 500 Healthcare Company and a Japanese MNC Conglomerate. (Source: JLL Report) Further, according to the JLL Report, Thane, MMR with its strategic location and connectivity, competitive office rentals and quality standard of living has evolved to become a key office destination.
Company History
PropShare Titania has been set up on February 21, 2025 as the second scheme of Property Share Investment Trust registered in the Republic of India as contributory, determinate and irrevocable trust on June 27, 2024, at Bangalore, Karnataka, India under the provisions of Indian Trusts Act, 1882 and as a small and medium real estate investment trust on August 5, 2024, under Regulation 26L(1) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, as amended, having registration number IN/SM-REIT/24-25/0001.
Products & Services
- PropShare Titania has a leasable area of 4,37,973 sf.
Growth Strategy
- Capitalizing on embedded mark-to-market potential.
- Proactive tenant management.
- Leasing strategy.
- Exit strategy.
Customer Base
PropShare Titania is fully leased to a mix of Fortune 500 companies, multinational companies ("MNCs") and bluechip tenants.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Property Share Investment Trust by way of PropShare Titania is issuing up to 4,462 Titania Units (as defined herein) for cash at a price of Rs. 10,60,000 per Titania Unit aggregating up to Rs. 472.97 crores (the "Issue"). Bids can be made for a minimum of 1 titania unit and multiples of 1 titania unit thereafter by bidders.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Project Titania, which is part of the G Corp Tech Park, is a Grade A+ campus style development, with LEED Platinum (O&M), WELL Health & Safety and BEE 5-star certifications.
- Sound business model with embedded rental growth, stable cash flows and mark-to-market opportunity.
- 100% occupancy by a diversified underlying tenant portfolio comprising of Fortune 500 companies, MNCs and blue-chip tenants including Aditya Birla Capital and Concentrix.
- Low vacancy and projected 5-year rent CAGR of 5.6% from CY2024 in Thane, MMR for Grade A+ commercial assets. (Source: JLL Report).
- ~300 meters from the metro station providing access to the upcoming Kasarvadavali station on the upcoming metro line 4 connecting Wadala, to Gaimukh, Thane, MMR. (Source: JLL Report).
- While the company has executed the definitive agreements with respect to the Formation Transactions, the closing of these is subject to fulfilment of certain conditions. Therefore, its ability to consummate these transactions will impact the ability of the Investment Manager to complete this Issue.
- The outstanding tax litigations of Titania SPV involve a substantial disputed amount of Rs. 710.11 million which could potentially have adverse effect on its business, financial condition, results of operations and cash flows.
- Its business, revenues and profitability are dependent on the performance of the commercial real estate market in India. Fluctuations in the general economic, market and other conditions may affect the commercial real estate market in India, specifically in Thane, MMR region, and in turn, our ability to lease the SM REIT Asset to tenants on favourable terms.
- A significant portion of its revenues is derived from a limited number of large lessees and from a single sub-market. Any conditions that impact these lessees, or submarkets may adversely affect the company business, revenue from operations and financial condition.
- Its actual results may be materially different from the Projections included in this Key Information of the Scheme. Accordingly, investors should not place undue reliance on or base their investment decision solely on this information.