Property Share Investment Trust- Propshare Platina
Price Range
₹10,00,000 - ₹10,50,000
Min. Quantity
1
Closes on
4 December 2024
Min. investment
₹10,50,000/0 Shares
Property Share Investment Trust- Propshare Platina IPO Timeline
The Property Share Investment Trust (REIT) is India's first registered Small and Medium Real Estate Investment Trust. The object and purpose of the REIT is to carry on the activity of a small and medium real estate investment trust through one or more Schemes, as permitted under the REIT Regulations. Each Scheme may have its own investment objectives, in accordance with the REIT Regulations.
| Event | Date |
|---|---|
| Property Share Investment Trust- Propshare Platina IPO Opening Date | 2 December 2024 |
| Property Share Investment Trust- Propshare Platina IPO Closing Date | 4 December 2024 |
| Basis of Allotment | 9 December 2024 |
| Initiation of Refunds | 11 December 2024 |
| Credit of Shares to Demat | 11 December 2024 |
| Property Share Investment Trust- Propshare Platina IPO Listing Date | 10 December 2024 |
Property Share Investment Trust- Propshare Platina IPO Details
| Property Share Investment Trust- Propshare Platina IPO Date | 2 December 2024 to 4 December 2024 |
| Property Share Investment Trust- Propshare Platina IPO Face Value | ₹10 per share |
| Property Share Investment Trust- Propshare Platina IPO Price | ₹1000000 to ₹1050000 per share |
| Property Share Investment Trust- Propshare Platina IPO Lot Size | 1 |
| Issue Size | Shares of ₹10 (aggregating up to ₹353 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹353 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building-REITs |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 2,514 of the Net Offer |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | Not less than 839 of the Net Offer |
| Company Promoters |
Property Share Investment Trust- Propshare Platina IPO Lot Size
The Property Share Investment Trust- Propshare Platina IPO lot size is 1 shares. A retail-individual investor can apply for up to 0 lots (0 shares or ₹0).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1 | ₹10,50,000 |
| Maximum | - | 0 | ₹0 |
- Strengths
- Risks
- Opportunities
- Grade A, LEED Gold asset built by one of India's leading developers, The Prestige Group.
- Located on the Outer Ring Road, Bangalore's largest office market.
- 100% proposed lease to a US-based technology company.
- Stable cash flows from a long 9-year lease and a 3-7 year staggered lock-in period under the proposed lease.
- Inflation linked cash flows with contracted escalations every 3 years under the proposed lease.
Company Financials
Property Share Investment Trust- Propshare Platina Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Acquisitions of the project platina by Platina SPVs as commercial office spaces and reimbursement of the payment of applicable statutory charges under applicable laws to the Investment Manager for the proposed acquisition of the Project Platina
- General purposes
Property Share Investment Trust- Propshare Platina IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Property Share Investment Trust- Propshare Platina IPO Subscription Status (Bidding Detail)
The Property Share Investment Trust- Propshare Platina IPO is subscribed 1.19 times on 4 December 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0.13 times in the QIB category, and 4.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 0.13 | 4.37 | - | - | 1.19 |
Property Share Investment Trust- Propshare Platina IPO Prospectus
Property Share Investment Trust- Propshare Platina IPO Listing Date
| Listing Date | 10 December 2024 |
| BSE Script | 544295 |
| NSE Symbol | - |
| Listing In | BSE, NSE |
| ISIN | INE19RO25013 |
| IPO Price | ₹10,50,000 |
| Face Value | ₹10,50,000 |
Company Contact Information
16th Floor SKAV Seethalakshmi21/22 Kasturba Road,Bangalore-560001
Phone: 91-80-31003902
Email: compliance.officer@propertyshare.in
Website: www.propertyshare.in
Property Share Investment Trust- Propshare Platina IPO Registrar
Property Share Investment Trust- Propshare Platina IPO Lead Manager(s)
- ICICI Securities Ltd
FAQ
What is the issue size of Property Share Investment Trust- Propshare Platina IPO?
I have pre-applied for Property Share Investment Trust- Propshare Platina IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.