Property Share Investment Trust- Propshare Titania IPO

Property Share Investment Trust- Propshare Titania IPO

PropShare Titania is the second scheme launched by Property Share Investment Trust, India's first small and medium real estate investment trust registered with the Securities and Exchange Board of India. PropShare Titania offers investors an opportunity to invest in various office premises across six floors of G Corp Tech Park, a Grade A+ commercial office building, located in Thane, Mumbai Metropolitan Region. PropShare Titania has a leasable area of 4,37,973 sf. PropShare Titania is fully leased to a mix of Fortune 500 companies, multinational companies (MNCs) and bluechip tenants, including Aditya Birla Capital (including its subsidiaries and group companies) - an Indian MNC conglomerate operating in the BFSI sector (Aditya Birla Capital), Convergys India Services Private Limited (acquired by Concentrix) (Concentrix), a Fortune 500 Healthcare Company and a Japanese MNC Conglomerate. (Source: JLL Report) Further, according to the JLL Report, Thane, MMR with its strategic location and connectivity, competitive office rentals and quality standard of living has evolved to become a key office destination.

Property Share Investment Trust- Propshare Titania IPO Details

Total Shares Offered

₹ 4,462

Offer to Public

TBA

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

TBA

Exchange

BSE

Issue size

₹ 472.97 Cr

IPO Open Date

Jul 21, 2025

Close Date

Jul 25, 2025

Lot Size

1

Min Investment

₹ 10,00,000

Issue Type

Book Building-REITs - SME

Listing Date

Aug 4, 2025

Property Share Investment Trust- Propshare Titania IPO Dates

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Jul 21, 2025
Opening date
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Jul 25, 2025
Closing date
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Jul 30, 2025
Basis of Allotment
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Jul 31, 2025
Initiation of Refunds
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Jul 31, 2025
Credit of Shares
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Aug 4, 2025
Listing date

Details

SectorType
SectorConstruction
Sub SectorNA
Issue TypeBook Building-REITs - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Property Share Investment Trust- Propshare Titania Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations17.3110.868.59
EBITDA22.3415.9013.61
PAT8.975.113.57
Total Assets32.4520.4923.42
Share Capital82.6082.6082.60
Total Borrowings144.04164.08164.69
Operating Activities (Net Cash)14.0010.158.59
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)144.04164.08164.69
Net Cashflow18.107.9913.54

About Property Share Investment Trust- Propshare Titania

PropShare Titania has been set up on February 21, 2025 as the second scheme of Property Share Investment Trust registered in the Republic of India as contributory, determinate and irrevocable trust on June 27, 2024, at Bangalore, Karnataka, India under the provisions of Indian Trusts Act, 1882 and as a small and medium real estate investment trust on August 5, 2024, under Regulation 26L(1) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, as amended, having registration number IN/SM-REIT/24-25/0001.

PropShare Titania is the second scheme launched by Property Share Investment Trust, India's first small and medium real estate investment trust registered with the Securities and Exchange Board of India. PropShare Titania offers investors an opportunity to invest in various office premises across six floors of G Corp Tech Park, a Grade A+ commercial office building, located in Thane, Mumbai Metropolitan Region. PropShare Titania has a leasable area of 4,37,973 sf. PropShare Titania is fully leased to a mix of Fortune 500 companies, multinational companies (MNCs) and bluechip tenants, including Aditya Birla Capital (including its subsidiaries and group companies) - an Indian MNC conglomerate operating in the BFSI sector (Aditya Birla Capital), Convergys India Services Private Limited (acquired by Concentrix) (Concentrix), a Fortune 500 Healthcare Company and a Japanese MNC Conglomerate. (Source: JLL Report) Further, according to the JLL Report, Thane, MMR with its strategic location and connectivity, competitive office rentals and quality standard of living has evolved to become a key office destination.

Property Share Investment Trust- Propshare Titania Key Points

Strengths

Project Titania, which is part of the G Corp Tech Park, is a Grade A+ campus style development, with LEED Platinum (O&M), WELL Health & Safety and BEE 5-star certifications.

Sound business model with embedded rental growth, stable cash flows and mark-to-market opportunity.

100% occupancy by a diversified underlying tenant portfolio comprising of Fortune 500 companies, MNCs and blue-chip tenants including Aditya Birla Capital and Concentrix.

Low vacancy and projected 5-year rent CAGR of 5.6% from CY2024 in Thane, MMR for Grade A+ commercial assets. (Source: JLL Report).

~300 meters from the metro station providing access to the upcoming Kasarvadavali station on the upcoming metro line 4 connecting Wadala, to Gaimukh, Thane, MMR. (Source: JLL Report).

Risk

While the company has executed the definitive agreements with respect to the Formation Transactions, the closing of these is subject to fulfilment of certain conditions. Therefore, its ability to consummate these transactions will impact the ability of the Investment Manager to complete this Issue.

The outstanding tax litigations of Titania SPV involve a substantial disputed amount of Rs. 710.11 million which could potentially have adverse effect on its business, financial condition, results of operations and cash flows.

Its business, revenues and profitability are dependent on the performance of the commercial real estate market in India. Fluctuations in the general economic, market and other conditions may affect the commercial real estate market in India, specifically in Thane, MMR region, and in turn, our ability to lease the SM REIT Asset to tenants on favourable terms.

Strategy

Capitalizing on embedded mark-to-market potential.

Proactive tenant management.

Leasing strategy.

Exit strategy.

How To Apply for Property Share Investment Trust- Propshare Titania IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Property Share Investment Trust- Propshare Titania IPO?

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Property Share Investment Trust- Propshare Titania's IPO offers shares for up to 473 It begins on Jul 21, 2025 and ends on Jul 25, 2025.

What is the price of the Property Share Investment Trust- Propshare Titania IPO?

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The price of Property Share Investment Trust- Propshare Titania IPO ranges between ₹10,00,000 to ₹1060000 per share.

What are the open and close dates for the Property Share Investment Trust- Propshare Titania IPO?

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The Property Share Investment Trust- Propshare Titania IPO opens on Jul 21, 2025 and closes on Jul 25, 2025.

When will the Property Share Investment Trust- Propshare Titania IPO be allotted?

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The allotment for the Property Share Investment Trust- Propshare Titania IPO will be finalised on Jul 30, 2025. The shares will be listed on BSE and NSE on Aug 4, 2025.

What is the minimum lot size required for Property Share Investment Trust- Propshare Titania IPO?

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The minimum lot size for Property Share Investment Trust- Propshare Titania IPO is 1 shares, priced between ₹1000000 to ₹1060000 per share.

What is the GMP of Property Share Investment Trust- Propshare Titania IPO?

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The GMP (Grey Market Premium) of Property Share Investment Trust- Propshare Titania IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Property Share Investment Trust- Propshare Titania IPO?

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To check the allotment status of Property Share Investment Trust- Propshare Titania IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Property Share Investment Trust- Propshare Titania IPO getting listed?

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The Property Share Investment Trust- Propshare Titania IPO is getting listed on the BSE and NSE. Bidding opens on Jul 21, 2025, and closes on Jul 25, 2025. The allotment is finalised on Jul 30, 2025.

How do you apply for the Property Share Investment Trust- Propshare Titania IPO?

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To apply for the Property Share Investment Trust- Propshare Titania IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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