Property Share Investment Trust REIT News and Updates

Keep track of all breaking news on Property Share Investment Trust REIT from all sources in a single place.

Property Share Investment Trust REIT

12 Dec 2024

1025000.00

0.51%

SM Reits: How Property Share is literally giving rich retail investors a piece of the action in real estate

livemint

Property Share introduced India to fractional ownership, giving well-heeled retail investors a chance to earn returns via rental income. Now, it has successfully closed an IPO for India's first SM Reit scheme. This is the story of how Property Share opened one more real estate door for investors.

Property Share Investment Trust REIT

04 Dec 2024

1025000.00

0.51%

PropShare Platina IPO gets 1.2 times subscription on final day of bidding

Business Standard

The initial public offering (IPO) of PropShare Platina, the country's first SM REIT scheme, was subscribed 1.2 times on the final day of bidding on Wednesday. PropShare Platina is the first scheme of SM-REIT -- Property Share Investment Trust. The issue received bids of 4,002 units against the offered 3,353 units, according to data available on the stock exchange. Institutional Investors portion and non-institutional investors part were subscribed 13 per cent and 4.37 times, respectively. The IPO is entirely a fresh issue of Platina units with no offer for sale (OFS) component. The price band for the issue is Rs 10 lakh to Rs 10.5 lakh per unit, Property Share Investment Trust (PSIT) had said in a statement last month. Property Share Investment Trust, India's first registered Small and Medium Real Estate Investment Trust, had last month said the Rs 353-crore initial public offering (IPO) of PropShare Platina will open on December 2. Proceeds of the IPO are proposed to be utilise

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Property Share Investment Trust REIT News and Updates

Keep track of all breaking news on Property Share Investment Trust REIT from all sources in a single place.