Property Share REIT IPO GMP Today, Date, Price, Subscription Status

Property Share REIT IPO is a book-built issue of Rs 352.91 crores. The issue is entirely a fresh issue of 0 crore shares.

Property Share REIT IPO bidding opened for subscription on December 2, 2024, and will close on December 4, 2024. The allotment for the Property Share REIT IPO is expected to be finalized on Thursday, December 5, 2024. Property Share REIT IPO will be listed on BSE with a tentative listing date fixed as Monday, December 9, 2024.

Property Share REIT IPO price band is set at ₹1000000 to ₹1050000 per share. The minimum lot size for an application is 1 Shares. The minimum amount of investment required by retail investors is ₹1,050,000.

ICICI Securities Limited is the book-running lead manager of the Property Share REIT IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Property Share REIT IPO RHP for detailed information.

Property Share REIT IPO opens on December 2, 2024, and closes on December 4, 2024.

IPO Open Date	Monday, December 2, 2024
IPO Close 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
Cut-off time for UPI mandate confirmation	5 PM on December 4, 2024

The Offer Proceeds are proposed to be utilised in accordance with the details provided in the following table:

Acquisitions of the Project Platina by Platina SPVs as commercial office spaces and reimbursement of the payment of applicable statutory charges under applicable laws (including stamp duty, registration, surcharge and cess etc. for the registration of sale deeds) to the Investment Manager for the proposed acquisition of the Project Platina by the Platina SPVs as commercial office spaces by way of lending to the Platina SPVs and subscribing to the equity and debt instruments of the Platina
General Purposes

Investors can bid for a minimum of 1 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1	₹1,050,000
Retail (Max)	0	0

IPO Date	December 2, 2024 to December 4, 2024
Listing Date	[.]
Face Value	₹ per share
Price Band	₹1000000 to ₹1050000 per share
Lot Size	1 Shares
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 SM REIT
Listing At	BSE
Share holding post issue	3,361

Incorporated in June 2024, Property Share Investment Trust is a SEBI-registered small and medium real estate investment trust. The Trust’s first scheme is PropShare Platina, which has six wholly owned SPVs under its structure as per the REIT Regulations.

The Trustee of Property Share Investment Trust is Axis Trustee Services Limited.

The Trustee provides the following services as

Debenture trustee;
Security trustee,
Facility agent;
Escrow agency,
Custody services;
Trust and retention account;
Securitization trustee;
Share monitoring trustee;
Lender repayment trustee;
Digital escrow agency; and
Trustee of REITs, InvITs, AIFs and family trust etc., in the domestic market.

Strengths:

First-mover advantage: As one of the first REITs in India, it can capitalize on early market opportunities.
Experienced management team: A strong management team with a proven track record in real estate.
Diversified portfolio: A well-diversified portfolio of properties can mitigate risks.
Potential for stable income: REITs offer regular dividend payouts, providing a steady income stream.

Weaknesses:

High valuation: The IPO pricing may be perceived as high by some investors.
Economic risks: Economic downturns can negatively impact property values and rental income.
Interest rate risk: Rising interest rates can increase the cost of borrowing and reduce profitability.
Regulatory risks: Changes in real estate regulations can impact the REIT’s operations.

Opportunities:

Growing demand for commercial real estate: Increasing urbanization and economic growth can drive demand for office and retail space.
Government support for REITs: Government initiatives to promote REITs can create favorable conditions for growth.
Consolidation opportunities: Acquiring smaller REITs or real estate assets can enhance the portfolio.

Threats:

Competition from other REITs: Increased competition can erode market share and margins.
Economic slowdown: A slowdown in the economy can lead to lower occupancy rates and rental income.
Geopolitical risks: Global events like pandemics or geopolitical tensions can impact the real estate market.
Regulatory changes: Adverse regulatory changes can impact the REIT’s operations and profitability.

We update GMP on a daily basis and based on last 9 sessions grey market activities, today IPO GMP trend, no major movement is observed in GMP, expect same trend till listing day. Stay with us to know the daily price trend of Property Share InvIT IPO GMP with expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
03-12-2024	1050000.00	₹0	—	₹ (0%)	3-Dec-2024
02-12-2024 Open	1050000.00	₹0	—	₹ (0%)	2-Dec-2024
01-12-2024	1050000.00	₹0	—	₹ (0%)	1-Dec-2024
30-11-2024	1050000.00	₹0	—	₹ (0%)	30-Nov-2024
29-11-2024	1050000.00	₹0	—	₹ (0%)	29-Nov-2024
28-11-2024	1050000.00	₹0	—	₹ (0%)	28-Nov-2024

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

The allotment status of Property Share REIT IPO is expected to be available on December 5, 2024.

Property Share REIT IPO allotment status is not available at this time. Property Share REIT IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Property Share Investment Trust SM REIT allotment status.

To check Property Share REIT IPO allotment status, follow the steps below:

Click on the below allotment status check button.
Select Company Name.
Enter your PAN Number, Application Number or DP Client ID (Anyone).
Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to propshare.ipo@kfintech.com.

Property Share Investment Trust
16th Floor, SKAV Seethalakshm
Kasturba Road,
Bangalore-560001
Phone:
Email: compliance.officer@propertyshare.in
Website: http://www.propertyshare.in/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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