Latest news with #TitaniaSPV
Business Standard
3 days ago
- Business
- Business Standard
PropShare Platina REIT IPO subscribed 9%
The offer received bids for 407 shares as against 4,493 shares on offer. The initial public offer of PropShare Platina REIT IPO received bids for 407 shares as against 4,493 shares on offer, according to stock exchange data at 17:03 IST on Monday (21 July 2025). The issue was subscribed 0.09 times. The issue opened for bidding on Monday 21 July 2025 and it will close on Friday, 25 July 2025. The price band of the IPO is fixed at Rs 10 lakh to 10.60 lakh. The IPO comprises a fresh issue of 4,493 equity shares, aggregating up to Rs 473 crore. The proceeds from the offer will be utilised towards acquisitions acquisition of the entire issued and paid-up equity share capital of the Titania SPV as per the share purchase agreement, providing loan to the Titania SPV for extinguishment and redemption of the debenture liability of the Titania SPV, by redeeming the OCDs and general purposes. 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 offers a projected distribution yield of 9.0% for FY26, 9.0% for FY27, 9.0% for FY28, and 8.7% for FY29.
Economic Times
4 days ago
- Business
- Economic Times
PropShare Titania SM REIT IPO opens today. Check key details before subscribing
PropShare Titania's IPO is now available for subscription. This marks an early listing for a Sebi-registered SM REIT. The IPO offers a fresh issue of Rs 473 crore. The price band is between Rs 10,00,000 to Rs 10,60,000 per unit. Bidding closes on Friday. Listing on BSE is expected on Monday. The IPO focuses on income-generating real estate assets. Tired of too many ads? Remove Ads About the issuer Tired of too many ads? Remove Ads The IPO of PropShare Titania, a scheme under the Property Share Investment Trust, opened for subscription on Monday, marking one of the earliest listings from a Sebi-registered Small and Medium Real Estate Investment Trust ( SM REIT ).The issue is a fresh offer of Rs 473 crore and is being offered in a book-building format, with a price band of Rs 10,00,000 to Rs 10,60,000 per unit. Bidding will remain open until Friday and listing is tentatively scheduled on BSE on IPO offers one unit per lot, with a minimum application size of Rs 10.6 lakh, restricting participation primarily to high-net-worth individuals and institutional to 75% of the issue is reserved for QIBs, while the remaining 25% is for non-institutional investors (NIIs). No retail quota has been carved Titania is the second scheme floated under the Property Share Investment Trust, registered in June 2024. The trust is backed by Axis Trustee Services Ltd, a prominent name in fiduciary services, acting as the trustee for REITs, InvITs, AIFs, and other structured particular offering is focused on acquiring and managing income-generating real estate assets through its Titania SPV. The SPV structure allows the REIT to directly or indirectly own completed commercial properties that generate regular rental from the issue will be deployed as follows:Rs 217 crore to acquire the entire equity of the Titania SPVRs 232.94 crore to repay debentures (OCDs) issued by the Titania SPV, including accrued interestThe remaining amount will be used for general purposesWith its entry, PropShare Titania becomes a pioneer in India's nascent SM REIT segment. While traditional REITs target large institutional investors and mega portfolios, the SM REIT framework allows more focused participation in smaller-ticket, single-asset or single-city opportunities.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 days ago
- Business
- Time of India
PropShare Titania SM REIT IPO opens today. Check key details before subscribing
The IPO of PropShare Titania, a scheme under the Property Share Investment Trust, opened for subscription on Monday, marking one of the earliest listings from a Sebi-registered Small and Medium Real Estate Investment Trust ( SM REIT ). The issue is a fresh offer of Rs 473 crore and is being offered in a book-building format, with a price band of Rs 10,00,000 to Rs 10,60,000 per unit. Bidding will remain open until Friday and listing is tentatively scheduled on BSE on Monday. Explore courses from Top Institutes in Select a Course Category Healthcare Data Science Finance Cybersecurity Project Management PGDM Public Policy MBA Digital Marketing Data Analytics Data Science Degree Design Thinking CXO MCA Technology others Management healthcare Leadership Artificial Intelligence Operations Management Product Management Others Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Highest Paying Degrees For 2025 Best Paying Degrees | Search Ads Learn More Undo The IPO offers one unit per lot, with a minimum application size of Rs 10.6 lakh, restricting participation primarily to high-net-worth individuals and institutional investors. Up to 75% of the issue is reserved for QIBs, while the remaining 25% is for non-institutional investors (NIIs). No retail quota has been carved out. About the issuer Live Events PropShare Titania is the second scheme floated under the Property Share Investment Trust, registered in June 2024. The trust is backed by Axis Trustee Services Ltd, a prominent name in fiduciary services, acting as the trustee for REITs, InvITs, AIFs, and other structured products. This particular offering is focused on acquiring and managing income-generating real estate assets through its Titania SPV. The SPV structure allows the REIT to directly or indirectly own completed commercial properties that generate regular rental income. Proceeds from the issue will be deployed as follows: Rs 217 crore to acquire the entire equity of the Titania SPV Rs 232.94 crore to repay debentures (OCDs) issued by the Titania SPV, including accrued interest The remaining amount will be used for general purposes With its entry, PropShare Titania becomes a pioneer in India's nascent SM REIT segment. While traditional REITs target large institutional investors and mega portfolios, the SM REIT framework allows more focused participation in smaller-ticket, single-asset or single-city opportunities. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
15-07-2025
- Business
- Time of India
PropShare Titania SM REIT files ₹473 crore issue
NEW DELHI: Property Share Investment Trust (SM REIT) has filed the key information of the trust and key information of the scheme for PropShare Titania , their second scheme under the trust aggregating to up to ₹473 crore. The bid/issue will open on July 21, 2025 and close on July 25, 2025. The price band for the issue is ₹10 lakh to ₹10.6 lakh per Titania unit. The minimum bid size is ₹10,00,000 the minimum investment amount. Bids can be made for a minimum of one Titania unit and in multiples of one Titania unit thereafter by bidders. The IPO comprises of a fresh issue of Titania units with no offer for sale component. Property Share will also invest a minimum 5% of the Titania units of the scheme from its capital into the offering as the investment manager contribution. PropShare Titania comprises of a 4,37,973 sq ft Grade A+ office space in G Corp Tech Park located in Thane, Mumbai Metropolitan Region. The asset is 100% occupied by a diversified tenant portfolio including Billdesk (Razorpay), Control Risks, Aptara, and Piramal Pharma Solutions, with a Weighted Average Lease Expiry (WALE) of 5.6 years as of June 2025. The scheme projects a distribution yield of 9% annually for FY26, FY27, and FY28, and 8.7% in FY29. Distributions will include interest income, dividends, and capital repayment, with investors expected to receive approximately ₹42–45 lakh per unit over four years. The investment manager to the trust is Property Share Investment Manager . The net proceeds are proposed to be utilized to the extent of ₹217 crore for acquisition of the entire issued and paid-up equity share capital of the Titania SPV as per the share purchase agreement; ₹232.94 crore for providing loan to the Titania SPV for extinguishment and redemption of the debenture liability of the Titania SPV, by redeeming the OCDs (including any accrued interest); and general corporate purposes. Kotak Mahindra Capital Company is the sole lead manager (BRLM) to the issue and KFin Technologies is the registrar to the issue. Cyril Amarchand Mangaldas is the domestic legal counsel for the Trust and investment manager in relation to the issue and Trilegal is the domestic legal counsel for the sole lead manager in relation to the Issue. Axis Trustee Services is the trustee for the issue.
