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Property Share Investment Trust IPO (Property Share Investment Trust SM REIT) Details

Property Share Investment Trust

Property Share Investment Trust SM REIT's overview

Property Share Investment Trust SM REIT is a book built issue of ₹352.90 Cr (3,52,90,50,000). The issue includes a fresh issue of 3,361 shares aggregating to ₹352.90 Cr (3,52,90,50,000).

Property Share Investment Trust SM REIT bidding started from Dec 02, 2024 and ended on Dec 04, 2024. The allotment for Property Share Investment Trust SM REIT was finalized on Dec 05, 2024. The shares got listed on NSE, BSE on Dec 09, 2024.

Property Share Investment Trust SM REIT 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 ₹10.00 Lakh (10,00,000).

Refer to Property Share Investment Trust SM REIT RHP for detailed information.

  • IPO date

    Dec 02,2024 - Dec 04,2024

  • Listing Date

    Dec 09,2024

  • Price Band

    ₹1000000 to ₹1050000 per share

  • Lot

    ₹1 Shares

  • Total Issue Size

    3,361

    aggregating up to ₹352.90 Cr (3,52,90,50,000)

  • Fresh Issue

    3,361

    aggregating up to ₹352.90 Cr (3,52,90,50,000)

  • Issue Type

    Book Building

  • IPO Type

    Main Board

  • Listing At

    NSEBSE

  • Mon, Dec 02, 2024

    IPO Open

  • Wed, Dec 04, 2024

    IPO Close

  • Thu, Dec 05, 2024

    Basis of Allotment

  • Fri, Dec 06, 2024

    Initiation of Refunds

  • Fri, Dec 06, 2024

    Credit of Shares to Demat

  • Mon, Dec 09, 2024

    Listing

Property Share Investment Trust SM REIT Day-wise IPO GMP Trend

Property Share Investment Trust SM REIT last GMP is ₹0, last updated Dec 08,2024. With the price band of 1050000.00, Property Share Investment Trust SM REIT's estimated listing price is ₹ (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
08-Dec-241050000.000
(0.00%)8-Dec-2024 05:03
07-Dec-241050000.000
(0.00%)7-Dec-2024 05:03
06-Dec-241050000.000
(0.00%)6-Dec-2024 05:03
05-Dec-241050000.000
(0.00%)5-Dec-2024 05:03
04-Dec-241050000.000
(0.00%)4-Dec-2024 05:03
03-Dec-241050000.000
(0.00%)3-Dec-2024 05:03
02-Dec-241050000.000
(0.00%)2-Dec-2024 05:03
01-Dec-241050000.000
(0.00%)1-Dec-2024 05:03
30-Nov-241050000.000
(0.00%)30-Nov-2024 05:03
29-Nov-241050000.000
(0.00%)29-Nov-2024 05:03
28-Nov-241050000.000
(0.00%)28-Nov-2024 05:03
27-Nov-240
(0.00%)27-Nov-2024 05:03
26-Nov-240
(0.00%)26-Nov-2024 05:03
25-Nov-240
(0.00%)25-Nov-2024 12:32

Property Share Investment Trust SM REIT Lot Size

ApplicationLotsSharesAmount

Retail(Min)

11₹10.50 Lakh (10,50,000)

About Property Share Investment Trust

Incorporated: June 27, 2024
Regulatory Status: SEBI-Registered Small and Medium Real Estate Investment Trust (REIT)

The Property Share Investment Trust is a pioneering small and medium REIT, enabling individuals and institutions to invest in real estate assets such as office buildings, malls, hotels, and hospitals. Operating under SEBI's REIT regulations, the trust focuses on income-generating properties and offers investors the potential for steady returns and capital appreciation.

Key Features and Structure

  • First Scheme: PropShare Platina

    • Includes six wholly owned SPVs structured per REIT regulations.
    • Investments focus on operating and developing retail real estate assets.

  • Trustee: Axis Trustee Services Limited
    The trustee ensures compliance, manages funds, and provides services such as:

    • Debenture Trustee
    • Security Trustee
    • Facility Agent
    • Escrow Agency
    • Custody Services
    • Trustee of REITs, InvITs, AIFs, Family Trusts, etc.

Investment Focus and Regulations

The trust adheres strictly to SEBI's REIT regulations and invests in specific schemes, including:

  1. Developing Platina SPVs (special purpose vehicles).
  2. Covering compulsory charges like stamp duty, registration fees, and surcharges.
  3. Funding Platina SPV projects to acquire equity and debt instruments.

Primary Objectives:

  • Ownership and Operation: To own and manage retail real estate assets.
  • Profit Generation: Generate income and ensure profitability for investors.

Management Team

The Non-Independent Directors responsible for the trust's operations include:

  • Kunal Moktan
  • Hashim Qadeer Khan
  • Benjamin Oliver Speat Cassey

Their collective expertise ensures effective management and compliance with regulatory frameworks.

Strategic Goals

  • Investor Access to Real Estate: Democratizing access to retail real estate investments for smaller investors.
  • Operational Efficiency: Efficiently manage funds and optimize the performance of real estate assets.
  • Regulatory Compliance: Align all activities with SEBI regulations for transparency and trustworthiness.

The Property Share Investment Trust provides an attractive vehicle for real estate investment, balancing income generation and capital growth while adhering to a robust regulatory framework.

 
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Property Share Investment Trust SM REIT's documents

Property Share Investment Trust Contact Details

16th Floor, SKAV Seethalakshm
Kasturba Road,
Bangalore-560001
Phone:
Email: [email protected]
Website: http://www.propertyshare.in/

 

Property Share Investment Trust SM REIT Registrar

Kfin Technologies Limited

Phone:

04067162222, 04079611000

Email:

[email protected]

Website:

https://kosmic.kfintech.com/ipostatus/