IPO Details

Bidding Dates

21 Jul '25 - 25 Jul '25

Minimum Investment

₹10,00,000/ 1 Lot (1 Share)

Price Range

₹10,00,000-₹10,60,000

Maximum Investment

₹10,60,000/ 1 Lot (1 Share)

Retail Discount

To be announced

Issue Size

₹473.00 Cr

Investor category and sub category

Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Property Share Investment Trust REIT IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jul 21, 25

IPO Closing Date

Jul 25, 25

Basis of Allotment

Jul 30, 25

Initiation of Refunds

Jul 31, 25

Listing Date

Aug 04, 25

About Property Share Investment Trust REIT IPO

Property Share Investment Trust REIT IPO is a book-built issue of ₹473.00 crores and consists entirely of a fresh issue. The IPO is scheduled to open for subscription on July 21, 2025, and will close on July 25, 2025. The allotment of shares is expected to be finalised on July 30, 2025. 

The REIT is proposed to be listed on the BSE, with a tentative listing date set for August 4, 2025. The price band for the Property Share Investment Trust REIT IPO has been fixed between ₹10,00,000 and ₹10,60,000 per share. Investors can apply for a minimum lot size of 1 share. 

Accordingly, the minimum investment required for retail investors stands at ₹10,00,000. Details regarding lot sizes and investment amounts for sNII and bNII investor categories have not been specified. This IPO presents an opportunity for investors looking to participate in a real estate investment trust through the public market. 

For complete information, including financial details, risk factors, and terms, investors are advised to refer to the Red Herring Prospectus (RHP) of Property Share Investment Trust REIT IPO.

Industry Outlook

  1. India’s urban population is projected to reach over 880 million by 2050, up from 532 million in 2024, driving long-term demand for real estate assets across residential, commercial, and office segments.
  2. Grade A office stock in top Indian cities surged from ~59.5 million sq. ft. in 2004 to ~853.7 million sq. ft. by December 2024, reflecting the sector’s rapid expansion and institutionalisation.
  3. With 42% of the population under 25 and a growing working-age group, demand for organised commercial spaces is expected to stay strong in coming decades.

Property Share Investment Trust REIT IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. The proceeds will be used to acquire 100% equity shares of Titania SPV.
  2. A portion will be given as a loan to Titania SPV to repay its outstanding debenture obligations.
  3. Remaining funds will be used for general corporate purposes to support overall operations.

About Property Share Investment Trust 

Property Share Investment Trust, established in June 2024, is India’s first SEBI-registered small and medium real estate investment trust (SM REIT). Registered under Regulation 26L(1) of the REIT Regulations, it operates as a contributory, determinate, and irrevocable trust. 

The Trust's second scheme, PropShare Titania, provides investors with access to office assets located in G Corp Tech Park, a Grade A+ commercial development in Thane, Mumbai Metropolitan Region.

PropShare Titania has a total leasable area of 4,37,973 square feet, spread across six floors, and is fully leased to a mix of Fortune 500 companies, multinational firms, and established bluechip tenants. Key occupants include Aditya Birla Capital, Concentrix, a Fortune 500 healthcare company, and a Japanese MNC. 

The property offers strong credentials, with LEED Platinum (O&M), WELL Health & Safety, and BEE 5-star certifications. Strategically located about 300 metres from the upcoming Kasarvadavali metro station, the property benefits from strong connectivity. 

As per projections, PropShare Titania is expected to offer a distribution yield of 9.0% annually for FY26 to FY28 and 8.7% for FY29. The Trustee of Property Share Investment Trust is Axis Trustee Services Limited, which also offers services including debenture and security trust, escrow agency, digital escrow, and more. 

The trust is managed by an experienced investment and asset management team, with a strong focus on governance and institutional oversight.

How To Check the Allotment Status of the Property Share Investment Trust REIT IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Property Share Investment Trust REIT IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Property Share Investment Trust REIT IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Property Share Investment Trust REIT IPO 

Registered Office: 16th Floor, SKAV Seethalakshmi, 21/22, Kasturba Road Bangalore Urban, Karnataka, 560001

Phone: 80 3100 3902
E-mail: compliance.officer@propertyshare.in

Property Share Investment Trust REIT IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 75% of the Net Issue

NII Shares Offered

Not less than 25% of the Net Issue

Property Share Investment Trust REIT IPO Lot Size

Investors are allowed to place bids starting with a minimum of 1 share and in multiples thereafter. The table below outlines the minimum and maximum number of shares and corresponding investment amounts permitted for individual retail investors and High Net-worth Individuals (HNIs).

Application

Lots

Shares

Amount

All Investors

1

1

₹10,60,000

Property Share Investment Trust REIT IPO Prospectus

Property Share Investment Trust REIT IPO Registrar and Lead Managers

Registrar for Property Share Investment Trust REIT IPO

Kfin Technologies Limited

Property Share Investment Trust REITIPO Registrar

Know before investing

Strengths

6

  1. Project Titania spans 4,37,973 sq. ft. in a premium Grade A+ office complex.

  2. Entire space is leased to Fortune 500, MNC, and reputed bluechip tenants.

  3. Located just 300 metres from the upcoming Kasarvadavali metro station in Thane.

  4. Certified with LEED Platinum, WELL Health & Safety, and BEE 5-star ratings.

  5. Tenants include Aditya Birla Capital, Concentrix, and other global tech conglomerates.

  6. Thane’s projected 5.6% rent CAGR enhances Titania’s long-term income potential.

Risks

6

  1. Issue completion depends on fulfilment of formation transaction conditions post-issue closing.

  2. Titania SPV faces tax litigations involving a disputed amount of ₹710.11 million.

  3. Limited tenant base and submarket reliance may affect long-term rental stability.

  4. Only ₹180.97 million in bank balances against large potential tax liabilities.

  5. Actual performance may differ from projections due to market or tenant risks.

  6. Valuation of Project Titania is indicative and based on specific assumptions.

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Property Share REIT IPO FAQs

What is the Property Share Investment Trust REIT IPO?

Property Share Investment Trust REIT IPO is a 100% bookbuilding SM REIT. It runs from July 21, 2025, to July 25, 2025.

When will the Property Share Investment Trust REIT IPO be allotted?

The Basis of Allotment will happen on Wednesday, July 30, 2025.

When will the Property Share Investment Trust REIT IPO open for subscription?

The IPO subscription window will open on July 21, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1 share.

When will Property Share Investment Trust REIT list on exchanges?

The listing date for Property Share Investment Trust REIT IPO is Monday, August 4, 2025.

What is the issue size of the Property Share Investment Trust REIT IPO?

The issue size of the Property Share Investment Trust REIT IPO is up to ₹473.00 crore.

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

The open and close dates for Property Share Investment Trust REIT IPO are from July 21, 2025, to July 25, 2025.

What would be the listing gains on the Property Share Investment Trust REIT IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Property Share Investment Trust REIT IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Property Share Investment Trust REIT IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Property Share Investment Trust REIT using one PAN?

You can submit only one application using your PAN card.

How to read Property Share Investment Trust REIT's financial statements?

To read Property Share Investment Trust REIT’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for Property Share Investment Trust REIT IPO?

Pre-apply allows investors to apply for the  Property Share Investment Trust REIT IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Property Share Investment Trust REIT IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Property Share Investment Trust REIT IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Property Share Investment Trust REIT IPO?

Kfin Technologies Limited is the registrar managing the IPO allotment process and handling investor-related queries.

Where is the Property Share Investment Trust REIT IPO getting listed?

Property Share Investment Trust REIT IPO is proposed to be listed on the Bombay Stock Exchange (BSE).