Latest news with #PropShareTitania
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.
Mint
4 days ago
- Business
- Mint
Stock market this week: Top gainers and losers driving market volatility
In a major boost to India's global trade standing, India and the United Kingdom signed a long-awaited Free Trade Agreement (FTA) on July 23, 2025. The agreement eliminates or reduces tariffs on over 90% of traded goods and liberalizes services and investment norms between the two nations. Sectors expected to benefit include textiles, electric vehicles, IT services, and education. The deal is projected to increase bilateral trade to $34–36 billion annually over the next few years and is India's first comprehensive FTA with a G7 country, reinforcing its reputation as a global trade player and boosting investor sentiment. 2. GNG Electronics IPO subscribed 150.21x, Indiqube Spaces 13.00x, PropShare Titania 1.61x Investor enthusiasm remained strong in the primary markets this week. On July 25, 2025, the IPO of GNG Electronics Ltd. was oversubscribed by 150.21×, driven by robust demand across QIBs, NIIs, and retail segments. Indiqube Spaces Ltd., a workspace solutions provider, also saw a solid response, with subscriptions reaching 13.00×. Meanwhile, PropShare Titania, India's second SM REIT offering, attracted moderate interest and closed with 1.61× overall subscription. The strong IPO response reflects continued liquidity and investor appetite for new listings, especially in tech, real estate, and specialty finance sectors. 3. NFOs launched by Aditya Birla, Zerodha, and Motilal Oswal AMCs The mutual fund space saw new product launches focused on thematic and passive strategies. Aditya Birla Sun Life AMC launched two index-based offerings: the BSE 500 Quality 50 Index and Momentum 50 Index. Zerodha AMC introduced a Multi Asset Passive Fund of Funds, while Motilal Oswal AMC rolled out a Special Opportunities Growth Direct Plan. These NFOs aim to capitalize on growing investor interest in diversified, low-cost, and factor-driven investment vehicles. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
Business Standard
4 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.
