Bookbuilding SM REIT | ₹353 Cr | Listed at BSE | Mon, Dec 2, 2024 - Wed, Dec 4, 2024
Property Share InvIT SM REIT is a book build issue of ₹352.91 crores. The issue is entirely a fresh issue of 0.00 crore shares of ₹352.91 crore.
Property Share InvIT SM REIT bidding started from Dec 2, 2024 and ended on Dec 4, 2024. The allotment for Property Share InvIT SM REIT was finalized on Dec 5, 2024. The shares got listed on BSE on Dec 10, 2024.
Property Share InvIT SM REIT price band is set at ₹10,50,000 per share. The lot size for an application is 1. The minimum amount of investment required by an retail is ₹10,50,000 (1 shares) (based on upper price). The lot size investment for sNII is 1 lots (1 shares), amounting to ₹10,50,000, and for bNII, it is 1 lots (1 shares), amounting to ₹10,50,000.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Property Share InvIT SM REIT RHP for detailed Information.
IPO Open
Mon, Dec 2, 2024
IPO Close
Wed, Dec 4, 2024
Final Issue Price
₹1050000.00 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 2 to 4 Dec, 2024 |
| Listed on | Tue, Dec 10, 2024 |
| Price Band | ₹1000000.00 to ₹1050000.00 |
| Final Issue Price | ₹1050000.00 per share |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding SM REIT |
| Listing At | BSE |
| Total Issue Size | 3,361 shares (agg. up to ₹353 Cr) |
| Fresh Issue | 3,361 shares (agg. up to ₹353 Cr) |
| Share Holding Post Issue | 3,361 shares |
| BSE Script Code | 544295 |
| ISIN | INE19RO25013 |
Property Share InvIT SM REIT offers total 3,361 shares. Out of which 2,394 (71.23%) allocated to QIB, 798 (23.74%) allocated to NII - allocated to RII.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 2,394 (71.23%) | NA |
| NII (HNI) Shares Offered | 798 (23.74%) | NA |
| Retail Shares Offered | - | NA |
| Strategic Investor Shares Offered | 169 (5.03%) | |
| Total Shares Offered | 3,361 (100.00%) |
Investors can bid for a minimum of 1 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| All Investors | 1 | 1 | ₹10,50,000 |
Incorporated in June 2024, Property Share Investment Trust is a SEBI-registered small and medium real estate investment trust. The Trust's first scheme is PropShare Platina, which has six wholly owned SPVs under its structure as per the REIT Regulations.
The Trustee of Property Share Investment Trust is Axis Trustee Services Limited.
The Trustee provides the following services as
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisitions of the Project Platina by Platina SPVs as commercial office spaces and reimbursement of the payment of applicable statutory charges under applicable laws (including stamp duty, registration, surcharge and cess etc. for the registration of sale deeds) to the Investment Manager for the proposed acquisition of the Project Platina by the Platina SPVs as commercial office spaces by way of lending to the Platina SPVs and subscribing to the equity and debt instruments of our Pla | 339.00 |
| 2 | General purposes | 8.81 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fee and commission to advisors to this issue | 5.10 |
| 2 | Fee payable to others |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹10,50,000.00 |
| Open | ₹10,50,000.00 |
| Low | ₹10,21,000.00 |
| High | ₹10,50,050.00 |
| Last Trade | ₹10,48,945.70 |
Lead Manager Reports
Property Share InvIT SM REIT is a main-board SM REIT of 3,361 equity shares of the face value of ₹[.] aggregating up to ₹353 Crores. The issue is priced at ₹1050000.00 per share. The minimum order quantity is 1.
The SM REIT opens on Mon, Dec 2, 2024, and closes on Wed, Dec 4, 2024.
Kfin Technologies Ltd. is the registrar for the SM REIT. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Property Share InvIT SM REIT using UPI as a payment gateway. Zerodha customers can apply in Property Share InvIT SM REIT by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Property Share InvIT SM REIT through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Property Share InvIT SM REIT opens on Mon, Dec 2, 2024 and closes on Wed, Dec 4, 2024.
Property Share InvIT SM REIT lot size is 1, and the minimum amount required for application is ₹10,50,000.
You can apply in Property Share InvIT SM REIT online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Property Share InvIT SM REIT will be done on Thursday, December 5, 2024, and the allotted shares will be credited to your demat account by Fri, Dec 6, 2024. Check the Property Share InvIT SM REIT allotment status.
The Property Share InvIT SM REIT listing date is on Tue, Dec 10, 2024.
