Property Share Investment Trust is coming up with an IPO with a fresh issue of shares yet to be announced worth INR 352.91 crores. The company aims to invest in income-generating retail real estate assets in compliance with REIT Regulations. 

Property Share REIT IPO – Important Dates 

Read more about Property Share Investment Trust IPO

Property Share Investment Trust IPO – Company Profile 

Property Share REIT is India’s first registered Small and Medium Real Estate Investment Trust. Its objective is to carry out real estate investments through one or more Schemes in line with the REIT Regulations. Each Scheme has distinct investment objectives, focusing on completed, revenue-generating real estate properties through SPVs. 

The first Scheme, PropShare Platina, invests in commercial office spaces in Bangalore. The REIT aims to make investments or reinvestments in completed properties and other assets, including liquid assets, while holding reserves for anticipated obligations. 

Managed by an experienced team from the Investment Manager, Property Share REIT is guided by professionals with extensive real estate and fund management expertise. Their role ensures effective management and operational success of the REIT’s assets and Schemes. 

Check out the other upcoming IPOs this month:

Property Share Investment Trust IPO Peer Comparison 

There are no listed schemes under India’s small and medium real estate investment trusts. Accordingly, it is not possible to provide an industry comparison concerning the PropShare Platina. 

Property Share REIT IPO Objective 

The main objective of Property Share REIT is to invest in income-generating retail real estate assets and other assets in India in compliance with REIT Regulations through multiple schemes and special purpose vehicles (SPVs). 

Property Share REIT IPO Risks And Challenges 

Property Share Investment Trust REITs risk includes maintaining high occupancy, economic factors, project upgrades, tenant defaults, security deposit disputes, insolvency, fluctuating rental rates, and competition, potentially impacting cash flows, financial performance, and leasing stability. 

• The REIT’s revenue depends on maintaining high occupancy levels through long-term leases. Economic conditions, rental rates, and regulatory changes may impact occupancy, rents, and tenant stability, affecting business performance and cash flows. 
• Future project upgrades in SPVs may involve risks like regulatory, financing, and profitability challenges. Delays or reductions in leasable areas could affect commercial viability, tenant satisfaction, and financial performance, impacting operations and cash flows. 

• Revenue is primarily derived from long-term leases, with risks including tenant defaults, security deposit disputes, insolvency proceedings, fluctuating rental rates, competition, and challenges in leasing or renewing agreements, potentially impacting cash flows and financial performance. 

Property Share REIT IPO – Industry & Market Potential 

The office’s role has evolved to foster collaboration and culture. Hybrid work models are essential, with companies expanding office space to accommodate increased headcounts. Employee experience and flexibility will drive the future of office leasing. 

SM REITs are set to boost fractional ownership in India with increased transparency, lower capital requirements, and growing investor interest. Despite initial compliance challenges, the market is expected to surpass USD 5.0 billion by 2030. 

Fractional ownership in India, driven by PropTech startups, is poised for growth. With greater investor trust and education, SM REITs will drive market expansion, including diverse asset segments, by 2030. 

Property Share Investment Trust IPO – Type of Offer 

Property Share Investment Trust is coming up with an IPO with a fresh issue of shares yet to be announced worth INR 352.91 crores. The company aims to invest in income-generating retail real estate assets in compliance with REIT Regulations. 

Property Share REIT IPO Offer Size 

The offer size of Property Share Investment Trust is INR 352.91 crores, consisting of a fresh issue of shares yet to be announced worth INR 352.91 crores. The company aims to invest in income-generating retail real estate assets in compliance with REIT Regulations. 

Property Share Investment Trust IPO Allotment Structure 

Property Share REIT Limited’s allocation will be as follows: 75% for Qualified Institutional Buyers (QIB) and 25% for Non-Institutional Investors (NII) according to SEBI regulations. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 25% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

Read more about Property Share Investment Trust IPO Allotment Status

How to apply for a Property Share REIT IPO?

To apply for the Property Share REIT Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Property Share REIT Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Property Share REIT Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Property Share REIT IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Property Share REIT Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Property Share REIT Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Property Share REIT Limited IPO:

● Registrar’s Website: Visit the website of Kfin Technologies Limited, the registrar of the Property Share REIT Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Property Share REIT Ltd IPO Offer Registrar

The registrar for the Property Share REIT Limited IPO is Kfin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Kfin Technologies Limited

Selenium Tower-B, Plot 31 & 32,

Gachibowli, Financial District,

Nanakramguda, Serilingampally,

Hyderabad – 500 032, Telangana

Tel: +91 40 6716 2222

E-mail: [email protected]

Website: www.kfintech.com 

Property Share REIT IPO – FAQs 

1. What is the allotment date of the Property Share REIT IPO? 

The allotment date of the Property Share REIT is December 5, 2024. 

2. What is the price band of the Property Share REIT IPO? 

The price band of the issue is INR 1000000 – 1050000 per share. 

3. What is the size of the Property Share REIT IPO? 

The offer size of Property Share Investment Trust is INR 352.91 crores, consisting of a fresh issue of shares yet to be announced worth INR 352.91 crores. The company aims to invest in income-generating retail real estate assets in compliance with REIT Regulations. 

4. What is the listing date of the Property Share REIT IPO? 

The listing date of the Property Share REIT is December 9, 2024. 

5. Where is the Property Share REIT IPO Getting Listed? 

Property Share REIT is getting listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). 

6. What are the open and close dates of the Property Share Investment Trust IPO? 

The open and close dates of the Property Share Investment Trust are December 2, 2024, and December 4, 2024, respectively. 

7. How to apply for Property Share REIT IPO in Alice Blue? 

To apply for the Property Share REIT Limited IPO through Alice Blue, open a Demat and trading account, check the IPO details, place a bid within the price band, submit the application, and check the allotment status after the process. Allotment depends on demand. 

8. Who is the Book Runner for the Property Share REIT IPO? 

The Book Runner for the Property Share REIT is ICICI Securities Limited.