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Property Share REIT IPO Price, GMP, Valuation

Property Share REIT IPO price is Rs.1050000. Check India's first REIT IPO lot details, GMP, Strengths, weaknesses, lead managers etc

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Property Share REIT IPO Price, GMP, Valuation

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  1. Property Share REIT IPO: Price, GMP, Valuation The Property Share REIT IPO, India’s first REIT IPO, launches on December 2, 2024, and closes on December 4, 2024. The IPO is a Rs.352.91 crore book-built issue comprising 3,361 shares priced between Rs.10,00,000 and Rs.10,50,000 per share. It is expected to list on BSE and NSE on December 9, 2024. Property Share Investment Trust SM REIT, registered with SEBI, focuses on commercial real estate investments. Its debut project, PropShare Platina, consists of Grade A o?ce spaces fully leased to a US-based technology company. The IPO proceeds will primarily be used for acquiring Project Platina through its SPVs and other corporate purposes. Strengths Grade A, LEED gold-certified asset developed by Prestige Group. Located on Bangalore’s Outer Ring Road, a prime o?ce market. Stable cash flow from a 9-year lease with staggered lock-ins and periodic rent escalations. Weaknesses Market reliance on commercial real estate demand. Regulatory and operational challenges.

  2. Growing competition in the REIT space. IPO Details Issue Size: Rs.352.91 crore (3,361 shares). Price Range: Rs.10,00,000 to Rs.10,50,000 per share. Lot Size: 1 share. Lead Manager: ICICI Securities Limited. Registrar: Kfin Technologies Limited. Conclusion Property Share REIT IPO o?ers exposure to stable, income-generating commercial properties but comes with risks like regulatory changes and market dependency. Assess its high entry cost and your investment goals before applying.

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