Latest news with #OCDs
Business Standard
2 days ago
- Business
- Business Standard
PropShare Platina SM REIT IPO ends with 1.61x subscription
The offer received bids for 7,253 shares as against 4,493 shares on offer. The initial public offer of PropShare Platina SM REIT IPO received bids for 7,253 shares as against 4,493 shares on offer. The issue was subscribed 1.61 times. The institutional investors category, comprising foreign institutional investors, domestic financial institutions, and mutual funds, was subscribed just 0.01 times. The other investor category, made up of corporations, individual investors, and others, was subscribed to 6.44 times. The issue opened for bidding on 21 July 2025 and it closed on 25 July 2025. The price band of the IPO is fixed at Rs 10 lakh to 10.60 lakh. The IPO comprised a fresh issue of 4,493 equity shares, aggregating up to Rs 473 crore. The proceeds from the offer will be utilized towards the acquisition of the entire issued and paid-up equity share capital of the Titania SPV as per the share purchase agreement, providing a loan to the Titania SPV for the extinguishment and redemption of the debenture liability of the Titania SPV by redeeming the OCDs and for general purposes. PropShare Titania is the second scheme launched by Property Share Investment Trust, India's first small and medium real estate investment trust registered with the Securities and Exchange Board of India. PropShare Titania offers investors an opportunity to invest in various office premises across six floors of G Corp Tech Park, a Grade A+ commercial office building located in Thane, Mumbai Metropolitan Region. PropShare Titania offers a projected distribution yield of 9.0% for FY26, 9.0% for FY27, 9.0% for FY28, and 8.7% for FY29.
Business Standard
5 days ago
- Business
- Business Standard
PropShare Platina SM REIT IPO subscribed 1.61 times
The offer received bids for 7,253 shares as against 4,493 shares on offer. The initial public offer of PropShare Platina SM REIT IPO received bids for 7,253 shares as against 4,493 shares on offer, according to stock exchange data at 17:01 IST on Friday (25 July 2025). The issue was subscribed 1.61 times. The issue opened for bidding on 21 July 2025 and it will close on 25 July 2025. The price band of the IPO is fixed at Rs 10 lakh to 10.60 lakh. The IPO comprises a fresh issue of 4,493 equity shares, aggregating up to Rs 473 crore. The proceeds from the offer will be utilized towards the acquisition of the entire issued and paid-up equity share capital of the Titania SPV as per the share purchase agreement, providing a loan to the Titania SPV for extinguishment and redemption of the debenture liability of the Titania SPV by redeeming the OCDs and for general purposes. PropShare Titania is the second scheme launched by Property Share Investment Trust, India's first small and medium real estate investment trust registered with the Securities and Exchange Board of India. PropShare Titania offers investors an opportunity to invest in various office premises across six floors of G Corp Tech Park, a Grade A+ commercial office building located in Thane, Mumbai Metropolitan Region. PropShare Titania offers a projected distribution yield of 9.0% for FY26, 9.0% for FY27, 9.0% for FY28, and 8.7% for FY29.
Business Standard
21-07-2025
- Business
- Business Standard
PropShare Platina REIT IPO subscribed 9%
The offer received bids for 407 shares as against 4,493 shares on offer. The initial public offer of PropShare Platina REIT IPO received bids for 407 shares as against 4,493 shares on offer, according to stock exchange data at 17:03 IST on Monday (21 July 2025). The issue was subscribed 0.09 times. The issue opened for bidding on Monday 21 July 2025 and it will close on Friday, 25 July 2025. The price band of the IPO is fixed at Rs 10 lakh to 10.60 lakh. The IPO comprises a fresh issue of 4,493 equity shares, aggregating up to Rs 473 crore. The proceeds from the offer will be utilised towards acquisitions 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 and general purposes. PropShare Titania is the second scheme launched by Property Share Investment Trust, India's first small and medium real estate investment trust registered with the Securities and Exchange Board of India. PropShare Titania offers investors an opportunity to invest in various office premises across six floors of G Corp Tech Park, a Grade A+ commercial office building, located in Thane, Mumbai Metropolitan Region. PropShare Titania offers a projected distribution yield of 9.0% for FY26, 9.0% for FY27, 9.0% for FY28, and 8.7% for FY29.
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Business Standard
21-07-2025
- Business
- Business Standard
PropShare Titania SM Reit IPO opens today: here's all you need to know
Propshare Titania SM Reit IPO: The initial public offering (IPO) of PropShare Titania, the second scheme of Property Share Investment Trust (PSIT), is set to open for subscription today, July 21, 2025. PSIT is a small and medium-scale real estate investment trust (SM Reit). PropShare Titania IPO comprises a fresh issue of ₹473 crore and no offer for sale (OFS) component. According to the red herring prospectus (RHP), up to 75 per cent of the issue has been reserved for institutional investors, and the remaining 25 per cent of the units for non-institutional investors. Here are the key details of the Propshare Titania SM Reit IPO PropShare Titania SM Reit IPO price band, lot size Property Share has set the price band in the range of ₹10,00,000 to ₹10,60,000 per unit. The lot size for an application is one unit. PropShare Titania SM Reit IPO key dates The issue will remain open for bidding until Friday, July 25, 2025. The allotment of units is expected to be finalised on Wednesday, July 30. Propshare Titania IPO will be listed on the BSE tentatively on Monday, August 4, 2025. PropShare Titania SM Reit IPO trustee, lead manager PropShare Investment Manager is the investment manager for the PropShare Titania. Axis Trustee Services acts as the trustee. Kotak Mahindra Capital Company is the sole lead manager to handle the Propshare Titania IPO. PropShare Titania SM Reit IPO objective According to the RHP, Propshare Titania proposes to utilise the net issue proceeds for the acquisition of a 100 per cent stake in the Titania SPV as per the share purchase agreement and providing a loan to the Titania SPV for the extinguishment and redemption of the debenture liability of the Titania SPV, by redeeming the OCDs. Currently, GOF I (Master A) Pte owns an 81.25 per cent stake in Titania SPV, and Anamudi Real Estates LLP holds 18.75 per cent units. About PropShare Titania SM Reit IPO According to the RHP, Propshare Titania offers investors the opportunity to invest in various office premises across six floors of G Corp Tech Park, a Grade A+ commercial office building located in Thane, Mumbai Metropolitan Region (MMR). PropShare Titania has a leasable area of 4,37,973 square feet. The project is fully leased to a mix of Fortune 500 companies, multinational companies (MNCs) and blue-chip tenants, including Aditya Birla Capital and Convergys India Services. The scheme offers investors a projected distribution yield of 9 per cent for FY26-27, 9.1 per cent in FY28, and 8.7 per cent for FY29. Notably, management and property fees are waived for FY26, with a nominal 0.5 per cent fee thereafter.
The Print
18-07-2025
- Business
- The Print
Emami tightens hold on pet care associate Cannis Lupus
According to a regulatory filing with stock exchanges on Thursday, Emami will convert existing inter-corporate loans of around Rs 8.23 crore into OCDs and infuse an additional Rs 4 crore through fresh subscription to these instruments. The Kolkata-headquartered company has executed an agreement to subscribe to Optionally Convertible Debentures (OCDs) issued by Cannis Lupus, which operates in the pet care segment under the brand 'Fur Ball Story'. Kolkata, Jul 17 (PTI) FMCG major Emami Ltd on Thursday said it will convert loans and make fresh investments in its associate company, Cannis Lupus Services, as part of its long-term growth strategy. The investment, the company said, aligns with its strategic focus on expanding into complementary wellness and lifestyle categories, though Cannis Lupus operates outside Emami's core FMCG business. Cannis Lupus, incorporated in 2019 and based in Gurugram, offers ayurvedic and herbal remedies for pets and is developing a portfolio of medicinal foods, supplements, and other pet care products. Its turnover stood at Rs 510 lakh in FY25, down from Rs 666 lakh in FY24. Emami has been gradually diversifying its portfolio in recent years through investments in wellness and healthcare adjacencies, including brands such as The Man Company, Brillare Science, and TruNativ. Shares of Emami closed at Rs 587.50 apiece on the NSE, up by 1.40 points or 0.24 per cent on Thursday. PTI BSM SBN SBN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
