The Property Share REIT IPO subscription opened on Monday, December 2, 2024, and will close on Wednesday, December 4, 2024. The IPO aims to raise approximately ₹352.91 crores. The allocation of shares is divided as follows: 75% for Qualified Institutional Buyers (QIB), 25% for Non-Institutional Investors (NII), and 0% for retail investors. The price band is set between ₹10,00,000 and ₹10,50,000 per equity share.
About Property Share Investment Trust REIT
Incorporated on June 27, 2024, the Property Share Investment Trust operates under REIT (Real Estate Investment Trust) regulations and laws as a small and medium-sized real estate investment trust (SME REIT). SME REITs allow individuals to invest in a diverse range of real estate assets, including office buildings, malls, hotels, and hospitals.
The primary objective of the Property Share Investment Trust is to raise funds, which will be strategically invested in operating and expanding the trust’s portfolio. According to REIT regulations, these investments are limited to specific activities, such as:
- Developing Platina SPVs (Special Purpose Vehicles).
- Covering essential expenses, including stamp duty, registration fees, surcharges, and other compulsory charges.
- Providing funds to Platina SPVs for acquiring equity and debt instruments.
The trust focuses on owning, managing, and investing in retail real estate properties that generate steady income and profits.
Kunal Moktan, Hashim Qadeer Khan, and Benjamin Oliver Speat Cassey are among the non-independent directors responsible for overseeing the management and strategic direction of the Property Share Investment Trust.
Property Share REIT IPO Subscription Status
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.
Property Share REIT IPO: Investor Categories
The Property Share REIT IPO is open to various categories of investors, each with specific eligibility criteria:
- Qualified Institutional Buyers (QIBs): This group includes financial institutions, banks, Foreign Institutional Investors (FIIs), and mutual funds.
- Non-Institutional Investors (NIIs): These investors, which include high-net-worth individuals, companies, trusts, and Non-Resident Indians (NRIs), typically apply for shares above a certain monetary threshold.
- Retail Individual Investors (RIIs): Designed for individual investors and NRIs, this category is aimed at those investing smaller amounts, typically capped at a defined limit.
- Employees (EMP): Eligible company employees can apply under this reserved category, which offers potential benefits and allocations.
- Others: This category is reserved for eligible shareholders as defined in the offer.
Property Share REIT IPO Subscription Status FAQs:
When will the Property Share REIT IPO subscription open?
The IPO subscription will open on December 2, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors.
How can I subscribe to the Property Share REIT IPO?
You can subscribe to the IPO using either the ASBA (Application Supported by Blocked Amount) or Non-ASBA options:
- Online via ASBA: Log in to your bank’s net banking portal and apply for the IPO under the ASBA section.
- Offline: Download the IPO application form online or obtain a physical form from your broker or bank. Fill out the form and submit it to your bank or broker.
How can I check live subscription numbers for the Property Share REIT IPO?
You can check live subscription numbers on our portal, which is updated hourly with official data. Alternatively, visit the official website of the IPO to view the subscription status in real time.
How to apply for the Property Share REIT IPO through Zerodha:
- Log in to the Zerodha Console via the website or app.
- Go to Portfolio and click on IPO.
- Find and select Property Share REIT.
- Click the Bid button, then enter your UPI ID, quantity, and bid price.
- Submit the application form.
- Open your UPI app (Net Banking or BHIM) and approve the mandate.
- If you don’t have a Demat account, you can open one with Zerodha.
How to apply for the Property Share REIT IPO through Upstox:
- Log in to the Upstox app.
- Select IPO and find Property Share REIT.
- Click the Bid button and confirm your application.
- Approve the UPI mandate in your UPI app (Net Banking or BHIM).
- If needed, open a Demat account with Upstox.
How to apply for the Property Share REIT IPO through Paytm Money:
- Log in to the Paytm Money app.
- Go to the IPO section and select Property Share REIT.
- Click the Bid button and confirm your application.
- Approve the UPI mandate using your UPI app (Net Banking or BHIM).
- You can also open a Demat account with Paytm Money if required.