PropShare Titania IPO

PropShare Titania IPO: Check IPO Date, Live Subscription and Key Details

PropShare Titania is the second scheme launched by Property Share Investment Trust, a SEBI-registered Small and Medium Real Estate Investment Trust (SM REIT) in India. The scheme focuses on acquiring and managing commercial real estate assets. PropShare Titania has a total leasable area of 437,973 sq. ft. of Grade A+ commercial property located in Thane, Mumbai. This property is leased to high-quality tenants, including Aditya Birla, a Fortune 500 healthcare company, and Concentrix. Axis Trustee Services Limited serves as the Trustee of the scheme.

Min Investment
₹1060000
Price Range
₹10 L - 10.6 L
Issue Size
₹473.00 Cr
IPO Type
Mainboard

Key Metrics

Check Live GMP

Face Value
₹0
EPS
0
P/E Ratio
0
RoNW
0%
ROE
0%
0

Timeline

IPO Opens

21 Jul

IPO Closes

25 Jul

Allotment

30 Jul

Listing

4 Aug

IPO Objectives

  • 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* (including any accrued interest).
  • General purposes.

Strengths

  • Investment in Grade A+ commercial property in a prime location (Thane, Mumbai), ensuring high-quality assets.
  • Leased to strong, reputable tenants like Aditya Birla and Concentrix, providing stable rental income and reducing vacancy risks.
  • Diversification benefit for investors by providing exposure to institutional-grade real estate with smaller ticket sizes.
  • Potential for capital appreciation from increasing property values and rental growth.
  • Managed by a SEBI-registered REIT, ensuring regulatory oversight and transparency.

Weaknesses

  • Limited liquidity compared to traditional equity IPOs, as SM REITs cater to a specific investor segment and trading volumes might be lower.
  • Dependence on rental income and tenant quality: Any default by anchor tenants or difficulty in re-leasing space at favorable terms could impact distributions and property valuation.
  • Concentration risk in a single asset: As the second scheme, it currently focuses on one specific property. Lack of diversification across multiple properties or geographies could increase risk.
  • Market value of the units may fluctuate with changes in real estate market conditions, interest rates, and economic cycles.
  • High minimum investment amount (₹10,60,000 per lot) limits accessibility to a broad retail investor base, targeting primarily HNIs and institutional investors.

Financial Performance

Period Ended
Assets (₹ Cr.)
Revenue (₹ Cr.)
PAT (₹ Cr.)

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)

Subscription Details

No daily bids available.

No subscription statistics available.

Company Details

  • 16th Floor, SKAV Seethalakshmi, 21/22, Kasturba Road, Bangalore Urban, -560001
  • 80 3100 3902
  • compliance.officer@propertyshare.in
  • http://www.psreit.in/

Registrar Details