Property Share Investment Trust SM REIT Details

Bookbuilding SM REIT | ₹473 Cr | Listed at BSE | Mon, Jul 21, 2025 - Fri, Jul 25, 2025

PropShare Titania IPO Logo

PropShare Titania IPO is a book build issue of ₹472.97 crores. The issue is entirely a fresh issue of 0.00 crore shares of ₹472.97 crore.

PropShare Titania IPO bidding started from Jul 21, 2025 and ended on Jul 25, 2025. The allotment for PropShare Titania IPO was finalized on Jul 30, 2025. The shares got listed on BSE on Aug 4, 2025.

PropShare Titania IPO price band is set at ₹10,60,000 per share. The lot size for an application is 1. The minimum amount of investment required by an retail is ₹10,60,000 (1 shares) (based on upper price). The lot size investment for sNII is 1 lots (1 shares), amounting to ₹10,60,000, and for bNII, it is 1 lots (1 shares), amounting to ₹10,60,000.

Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Refer to PropShare Titania IPO RHP for detailed Information.

IPO Open

Mon, Jul 21, 2025

IPO Close

Fri, Jul 25, 2025

Final Issue Price

₹1060000.00 per share

Market Cap (Pre-IPO)

₹472.97 Cr

SM REIT Details

IPO Date21 to 25 Jul, 2025
Listed onMon, Aug 4, 2025
Price Band₹1000000.00 to ₹1060000.00
Final Issue Price₹1060000.00 per share
Sale TypeFresh capital only
Issue TypeBookbuilding SM REIT
Listing AtBSE

Total Issue Size4,462 shares
(agg. up to ₹473 Cr)
Fresh Issue 4,462 shares
(agg. up to ₹473 Cr)
Share Holding Post Issue4,462 shares
BSE Script Code 544462
ISININE19RO25021

SM REIT Timetable

Issue Reservation

PropShare Titania IPO comprises a total issue size of 4,462 shares. Out of which, 3,178 (74.99%) are allocated to QIB, 1,060 (25.01%) allocated to NII .

Investor Category Shares Offered Max Allottees
QIB Shares Offered 3,178NA
NII (HNI) Shares Offered 1,060NA
Strategic Investor Shares Offered 224
Total Shares Offered 4,462

SM REIT Lot Size

Investors can bid for a minimum of 1 shares and in multiples thereof. 

Application Lots Shares Amount
All Investors 1 1 ₹10,60,000
SM REIT Subscription Details

About Property Share Investment Trust REIT

Incorporated in June 2024, Property Share Investment Trust is a SEBI-registered small and medium real estate investment trust. The Trust's second scheme is PropShare Titania.

The Trustee of Property Share Investment Trust is Axis Trustee Services Limited.

The Trustee provides the following services as

  • Debenture trustee;
  • Security trustee,
  • Facility agent;
  • Escrow agency,
  • Custody services;
  • Trust and retention account;
  • Securitization trustee;
  • Share monitoring trustee;
  • Lender repayment trustee;
  • Digital escrow agency; and
  • Trustee of REITs, InvITs, AIFs and family trust etc., in the domestic market.

Company Financials ()

Period Ended
Amount in ₹ Crore

SM REIT Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Acquisition of the entire issued and paid-up equity share capital of the Titania SPV as per the Share Purchase Agreement 217.00
2 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); 232.94
3 General purposes 3.38

SM REIT Review

[Dilip Davda]
The trust is engaged in investing in developing premium office premises. PropShare Titania is an upcoming office park at MMR-Thane, a prime market. It posted steady growth in its top and bottom lines for the reported periods. It is offering each unit in a price band of Rs. 10.00 lakh – Rs. 10.60 lakh. The company mulls 9% annual return from FY26 to FY28 and 8.7% for FY29. It’s a pure long-term story for steady rewards with capital appreciation. Well-informed/cash surplus may park funds for long term.
Read detail review...

PropShare Titania IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers0100
Members0000

PropShare Titania IPO Subscription Status (Bidding Detail)

The PropShare Titania IPO is subscribed 1.61 times on July 25, 2025 3:53:00 PM (Day 3). The public issue subscribed [.] times in the retail category, 0.01 times in the QIB category, and 6.42 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid for
QIB0.013,36919
NII6.421,1247,215
Total1.614,4937,234

SM REIT Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fee and commission to advisors to this Issue 17.96
2 Fee payable to others 1.70

Listing Day Trading Information

Price DetailsBSE
Final Issue Price10,60,000.00
Open10,59,900.00
Low10,50,000.00
High10,61,100.00
Last Trade10,61,100.00

Check IPO Performance…

SM REIT Registrar

Kfin Technologies Ltd.

Contact Details

Property Share Investment Trust REIT Address
16th Floor,
SKAV Seethalakshmi,
21/22, Kasturba Road
Bangalore Urban, Karnataka, 560001
Open an Instant Account with Zerodha

SM REIT FAQs

PropShare Titania IPO is a main-board SM REIT of 4,462 equity shares of the face value of ₹[.] aggregating up to ₹473 Crores. The issue is priced at ₹1060000.00 per share. The minimum order quantity is 1.

The SM REIT opens on Mon, Jul 21, 2025, and closes on Fri, Jul 25, 2025.

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 PropShare Titania IPO using UPI as a payment gateway. Zerodha customers can apply in PropShare Titania IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in PropShare Titania IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'PropShare Titania IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The PropShare Titania IPO opens on Mon, Jul 21, 2025 and closes on Fri, Jul 25, 2025.

PropShare Titania IPO lot size is 1, and the minimum amount required for application is ₹10,60,000.

You can apply in PropShare Titania IPO 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 PropShare Titania IPO will be done on Wednesday, July 30, 2025, and the allotted shares will be credited to your demat account by . Check the PropShare Titania IPO allotment status.

The PropShare Titania IPO listing date is on Mon, Aug 4, 2025.

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