PropShare Titania, the second scheme of the SEBI-registered Property Share Investment Trust (REIT), has opened its much-anticipated IPO for subscription. The bookbuilding SM REIT issue opens on July 21, 2025, and closes on July 25, 2025, aiming to raise up to ₹473 crore through a fresh capital issue.
IPO Highlights:
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IPO Date: July 21 – July 25, 2025
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Issue Type: Bookbuilding (SM REIT)
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Price Band: ₹10,00,000 to ₹10,60,000 per share
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Lot Size: 1 share
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Face Value: [To be disclosed]
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Total Issue Size: [To be disclosed], aggregating to ₹473 crore
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Listing Exchange: BSE
Reservation Details:
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QIB (Qualified Institutional Buyers): Up to 75% of the net issue
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NII (Non-Institutional Investors): At least 25% of the net issue
Retail participation is not available under the SM REIT framework, but high-net-worth individuals (HNIs) and institutional investors can apply, starting from 1 share per application, amounting to a minimum investment of ₹10.6 lakh.
IPO Timeline (Tentative):
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Allotment Date: July 30, 2025
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Refunds Initiation: July 31, 2025
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Tentative Listing Date: August 4, 2025
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UPI Mandate Cut-Off: July 25, 2025, 5 PM
About PropShare Titania:
PropShare Titania is the second scheme under the Property Share Investment Trust, which was incorporated in June 2024. As a SEBI-registered Small and Medium Real Estate Investment Trust, the Trust is focused on enabling fractional ownership in institutional-grade real estate.
The trustee of the REIT is Axis Trustee Services Limited, known for its broad spectrum of fiduciary and financial agency services including:
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Debenture trustee
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Security trustee
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Facility agent
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Escrow agency
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Custody services
Final Thoughts:
The PropShare Titania IPO represents a significant opportunity for investors seeking exposure to premium commercial real estate through a regulated SM REIT structure. With a high ticket size and strategic asset management backing, the IPO is expected to attract attention from serious institutional and HNI investors. Prospective participants should complete their UPI mandate confirmation by 5 PM on July 25, 2025, to ensure valid bidding.
Stay tuned for listing updates and post-IPO performance on the BSE.
