PropShare Titania was incorporated on February 21, 2025. The company is the second scheme by Property Share Investment Trust, India's first SEBI-registered small and medium REIT. It offers investment in 4.38 lakh sq. ft. of fully leased Grade A+ office space at G Corp Tech Park, Thane, occupied by Fortune 500 and blue-chip tenants
| Bidding Dates |
|---|
| 21 Jul 2025 - 25 Jul 2025 |
| Subscription |
|---|
| 1.61x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹10,00,000 | 1 | 1 | 1 | 4.5 K | ₹1000000 - ₹1060000 | - | ₹4493.0 M - ₹4762.6 M | RHP DOC |
Property Share Investment - Titania IPO SUBSCRIPTION STATUS
25 Jul '25Property Share Investment - Titania IPO overall subscription rate was 1.61 times the total available shares
Property Share Investment - Titania IPO non-institutional investor subscription rate was 6.44 times in the non-institutional investor category
Property Share Investment - Titania IPO Qualified Institutional Bidder subscription rate was 0.01 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | - | 25% | 75% |
25 Jul 2025 (Day 5) | - | 6.44x | 0.01x |
24 Jul 2025 (Day 4) | - | 3.81x | 0x |
23 Jul 2025 (Day 3) | - | 2.46x | - |
22 Jul 2025 (Day 2) | - | 1.3x | - |
21 Jul 2025 (Day 1) | - | 0.36x | - |
Property Share Investment - Titania FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 9.0 | 39.5 | 40.4 | 40.4 | 84.6% |
| FY24 | 5.1 | 34.0 | 22.1 | 22.1 | 84.1% |
| FY23 | 3.6 | 30.6 | 31.5 | 31.5 | 85.1% |
Property Share Investment - Titania IPO SUBSCRIPTION STATUS DETAILS
Property Share Investment - Titania had 4.5 K shares on offer
Property Share Investment - Titania IPO offer price was in the range ₹1000000 - ₹1060000
Property Share Investment - Titania IPO minimum Investment was ₹1000000
Property Share Investment - Titania IPO issue size was ₹ 4493.0 M - ₹ 4762.6 M
Property Share Investment - Titania had a minimum lot size of 1 Shares per application
Property Share Investment - Titania NUMBER OF SHARES ON OFFER
Property Share Investment - Titania IPO IMPORTANT DATES
| Issue Open Date | 21 Jul 2025 |
| Issue close Date | 25 Jul 2025 |
| Allotment Date | 30 Jul 2025 |
| Refund Date | 31 Jul 2025 |
| Demat Account Credit Date | 31 Jul 2025 |
| Listing Date | 04 Aug 2025 |
| Listing on Exchange(s) | BSE |
| Property Share Investment - Titania Allotment Status | Exchange/ Registrar |
Property Share Investment - Titania IPO subscription opened on 21 Jul 2025, and closed on 25 Jul 2025
IPO allotment for Property Share Investment - Titania was finalized on Wednesday, 30 Jul 2025
IPO listing for Property Share Investment - Titania was on BSE on Monday, 04 Aug 2025
Property Share Investment - Titania IPO LISTING GAINS
| Issue Price (adjusted) | 1060000.0 |
| Listing Open Price | 1059900.0 |
| Listing Close Price | 1061100.0 |
| Listing Gain% | -0.0% |
| Current Gain% | 3.8% |
Property Share Investment - Titania Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Property Share Investment Trust - Propshare Titania REIT | 1100000 | 495 | 55.2 | 0.7 | 12.4 | 11.1 | 3.2 | 40.1 | 15.6 | 9 | 75.4 | 19931.1 | 75.4 |
| Knowledge Realty Trust | 116.9 | 51847 | 10.5 | 0.9 | 4146.9 | 15.6 | 222.5 | -34.5 | |||||
| Altius Telecom Infrastructure Trust | 172.5 | 44901.8 | 5.6 | 1.1 | 19623.7 | 47 | 839.9 | -25 | |||||
| Embassy Office Parks REIT | 440 | 41702.6 | 1.6 | 0.7 | 4675.8 | 11.8 | 338.5 | -79.2 | |||||
| Bagmane Prime Office REIT | 108.7 | 36954.6 | 56.5 | 12.4 | 2390.9 | 6.9 | 896.5 | 10.8 | |||||
| National Highways Infra Trust | 171 | 33120.1 | 2.9 | 1.3 | 4322.2 | 78.9 | 685.5 | 110.9 |
Property Share Investment - Titania INFORMATION ON IPO ISSUE
About Property Share Investment - Titania
PropShare Titania was incorporated on February 21, 2025. The company is the second scheme by Property Share Investment Trust, India's first SEBI-registered small and medium REIT. It offers investment in 4.38 lakh sq. ft. of fully leased Grade A+ office space at G Corp Tech Park, Thane, occupied by Fortune 500 and blue-chip tenants
Object of the Issue
- 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
- General corporate purposes
Property Share Investment - Titania Book Running Lead Manager
Kotak Mahindra Capital Company Limited
propsharetitania.ipo@kotak.com
Property Share Investment - Titania Registrar to the issue
KFin Technologies Limited
propshare.ipo@kfintech.com
Property Share Investment - Titania Strengths
Grade A+ Certified Project
Project Titania, which is part of the G Corp Tech Park, is a Grade A+ campus style development, with LEED Platinum (O&M), WELL Health & Safety and BEE 5-star certifications, sound business model with embedded rental growth, stable cash flows and mark-to-market opportunity
Fully occupied
100% occupancy by a diversified underlying tenant portfolio comprising of Fortune 500 companies, MNCs and blue-chip tenants including Aditya Birla Capital and Concentrix, Low vacancy and projected 5-year rent CAGR of 5.6% from CY2024 in Thane, MMR for Grade A+ commercial assets
Experienced team
Experienced investment and asset management team with oversight and strong corporate governance through an experienced Board and marquee investors
Property Share Investment - Titania Risks
Depend on real estate
The business, revenue, and profitability of the SM REIT depend on the performance of India’s commercial real estate market. Economic or market fluctuations, especially in Thane, MMR, may impact leasing opportunities and rental terms
Renewal risks
Leases across the SM REIT Asset face risks such as non-renewal, tenant default, early termination, or legal/regulatory changes. Prolonged vacancies may also reduce leasing income and impact overall revenues
Compliance risks
Compliance with existing and changing laws, including environmental and safety regulations, may restrict the use of Project Titania. Failure to obtain or renew required approvals could adversely affect business operations and financial performance
IPO FAQs
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 25.0% and for retail investors it is 0.0%.
The price band of the IPO is Rs 1000000.0 - 1060000.0.
The IPO application opens on Jul 21, 2025 and closes on Jul 25, 2025.
The minimum lot size for the IPO is 1. The maximum lot size for the IPO is 1.
For all category investors, the minimum application amount for this IPO is Rs. 1,000,000.0, the maximum value for this IPO is Rs 1,060,000.0.
This IPO will be allotted on Jul 30, 2025.
The refund will be credited to your account on Jul 31, 2025.
The allotted shares will be credited to your demat on Jul 31, 2025.
PropShare Titania’s shares listed on the stock exchanges on Aug 04, 2025.