Property Share Investment Trust- Propshare Titania IPO
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Property Share Investment Trust- Propshare Titania IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 0.04 L | TBA | TBA | TBA | BSE | ₹ 472.97 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 21 Jul, 25 | 25 Jul, 25 | 1 | ₹ 10,00,000 | Book Building-REITs - SME | 04 Aug, 25 |
Property Share Investment Trust- Propshare Titania IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Construction |
| Sub Sector | NA |
| Issue Type | Book Building-REITs - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0.01x | 3347 | 19 |
| NII | 6.49x | 1115 | 7234 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 1.63x | 4462 | 7253 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Property Share Investment Trust- Propshare Titania Financial Status
Income Statement
Balance Sheet
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 IPO 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.
- 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).
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.
