The Property Share Investment Trust REIT IPO is among the most anticipated upcoming IPOs in December 2024, offering investors a chance to diversify their portfolios with real estate-backed securities. The IPO will be open for subscription from December 2, 2024, to December 4, 2024, with shares proposed to be listed on both the BSE and NSE on December 9, 2024.
This blog covers key details to help investors make informed decisions while going for an IPO investment.
This upcoming IPO is a book-built issue worth ₹352.91 crores, consisting entirely of a fresh issue. Retail and institutional investors can subscribe to this offering with a minimum lot size of 1 share, priced within a range yet to be finalised. Below are the critical IPO details:
| Particulars | Details |
| IPO open date | December 2, 2024 |
| IPO close date | December 4, 2024 |
| Price band | To be announced |
| Lot size | 1 share |
| Total issue size | ₹352.91 crores |
| Fresh issue | ₹352.91 crores |
| Issue type | Book-Built REIT IPO |
| Listing platforms | BSE, NSE |
The Property Share Investment Trust REIT IPO timeline provides a detailed schedule of key events, including the opening and closing dates, allotment, refunds, and listing. It serves as a guide for investors to stay updated and plan their subscriptions accordingly.
| Event | Date |
| 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 |
Incorporated in June 2024, Property Share Investment Trust REIT Limited is a SEBI-registered small and medium real estate investment trust (REIT). The company aims to bring innovative investment opportunities in real estate to retail and institutional investors. Its flagship scheme, PropShare Platina, includes six wholly-owned SPVs operating under the REIT framework. These SPVs hold prime commercial office spaces.
Key services offered by the trustee, Axis Trustee Services Limited, include facility agent services, custody management, escrow agency, and digital escrow services. These capabilities ensure transparency, trust, and regulatory compliance in managing real estate assets.
The strengths of Property Share Investment Trust REIT IPO are as follows:
The challenges of Property Share Investment Trust REIT IPO are as follows:
The Property Share Investment Trust REIT IPO review is generally positive among analysts due to its focus on premium commercial properties and compliance with SEBI guidelines. However, it is crucial to consider the IPO GMP (grey market premium) trends and broader market conditions closer to the subscription period.
For risk-averse investors, the REIT offers exposure to real estate without the challenges of direct property ownership. Those with a medium to high-risk appetite may find this IPO a strong addition to their portfolio, especially given its potential for stable yields and capital appreciation.
The Property Share Investment Trust REIT IPO details reveal a promising investment opportunity in the real estate sector. With a focus on transparency, strong asset management, and a growing portfolio, the IPO aligns with the interests of both retail and institutional investors. However, as with all IPO investments, due diligence, including analysis of the Property Share Investment Trust REIT IPO GMP, which is ₹0 as of now.
The IPO opens on December 2, 2024, and closes on December 4, 2024. Shares are expected to be listed on December 9, 2024.
The issue size is ₹352.91 crores, entirely through a fresh issue. The lot size is 1 share, with a price band to be announced.
ICICI Securities Limited is the lead book-running manager, while KFin Technologies Limited is the registrar.
Key risks include economic volatility, interest rate impacts, and potential overvaluation.
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