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Hindustan Times
26-05-2025
- Business
- Hindustan Times
Upcoming IPO Trends: ESG, Tech, Fintech in Focus
Interest in environmental, social, and governance (ESG), technology (tech), and financial technology (fintech) is on the rise among both retail and institutional investors. Because more people are opening Demat accounts and learning about finance, the number of people taking part in Indian IPOs is surging. The blog explains the biggest transformations occurring in the upcoming IPO in India and looks at how ESG, technology and fintech are affecting the world of investing. ESG factors are increasingly influencing investor choices within India's IPO space. In 2025, future IPOs in sectors such as renewable energy, green tech, and sustainable infrastructure will command notable attention. For example, companies in the power and utilities sector, which dominated the IPO boom in Q4 2023, are transforming their operations to those underpinned by ESG principles to attract environmentally concerned investors. The Indian government's initiative for renewable energy towards 500 GW of non-fossil fuel capacity in 2030 has boosted the interest in future IPOs from solar, wind, and hydrogen energy companies. Also, ESG-certified real estate investment trusts (REITs) like PropShare Titania, which consists of grade A+ office space in Mumbai, are gaining momentum. These properties, entirely leased out to Fortune 500 firms and multinationals, reflect the increasing demand for sustainable commercial real estate. Retail investors, who are encouraged by a demat account, also prefer ESG-compliant businesses. According to a 2024 EY India survey, 60% of Indian investors take ESG considerations while considering IPOs, which reflects a wider trend of responsible investing. As forthcoming IPOs later in 2025 increasingly incorporate ESG metrics into prospectuses, those firms that do not focus on sustainability will find it difficult to gain investor attention. The tech sector remains at the heart of India's forthcoming IPO market, driven by India's evolving startup landscape and the government's Digital India strategy. Sectors like enterprise tech, e-commerce, healthtech, and edtech are seeing a rise in future IPOs, as companies hinge India's digital ecosystem to expand operations and lure investors. In 2024, 13 new-age tech companies, including Ola Electric, Swiggy, and FirstCry, were listed on Indian exchanges, a stark contrast to just 5 in 2023 and 3 in 2022. Investors' interest in unique, profit-making and rapidly expandable businesses drives the success of tech IPOs. As an example, homegrown EV maker Ola Electric managed to raise over ₹5,500 crore during its 2024 IPO thanks to the expanded EV market in India. Furthermore, in 2025, some of the IPOs are expected to come from companies involved in SaaS, cloud computing and AI. Now, several investors apply for IPOs faster by using the ASBA facility. Because technology companies are progressing and listing their shares, the 2025 IPO market will be very attractive for investors. India stands third in the world for fintech, with over 2,100 companies and more than two-thirds of these were created over the last five years. EY-FinTech Convergence Council projects Fintech to reach revenue of $200 billion and hold assets of $1 trillion by 2030. The surging use of online payment, loans, and wealth management services is driving the upcoming IPO in financial technologies. For instance, MobiKwik raised ₹700 crore through its IPO in December 2024, with the company listed on the BSE at a premium of 58.5%. Like other fintech companies, Moneyview, which manages assets worth ₹15,000 crore and brought in revenue of ₹1,012 crore in FY24, is eyeing an IPO worth $400 million or more in 2025. Thanks to AI, machine learning and blockchain, fintech firms are creating products such as digital lending and neo-banking that please not only investors but also users. The sheer rise in Demat accounts revolutionised India's IPO market and has made it retail-friendly. A Demat account is mandatory for subscribing to IPOs, as it stores electronic shares and allows hassle-free transactions. The emergence of discount brokers and fintech platforms has made it easier to open and hold Demat accounts, allowing millions of new investors to participate in future IPOs. The ASBA facility, facilitated by majority of net-banking platforms, enables investors to block money for IPO bids without real-time deductions, adding comfort. With interest in the upcoming IPO in 2025, the Demat account base is expected to surpass 200 million and increase market participation further. Though the upcoming IPO market of India is full of promise, challenges like regulatory issues, geopolitics, and risks of IPO underperformance exist. Fintech players, especially, have to work through changing regulations imposed by SEBI and the RBI. Besides, global macroeconomic conditions also affect investor sentiment, and institutional investors may be sceptical. Nevertheless, opportunities far exceed challenges. The government's emphasis on digital infrastructure, renewable energy, and financial inclusion provides a favourable climate for ESG, tech, and fintech IPOs. The increasing population of retail investors, facilitated by the demat account, guarantees robust demand for future IPOs. Additionally, growing synergy between AI and sustainability through business models raises the attraction of such offerings. India's 2025 IPO market is poised to be an exciting landscape, with the lead role being played by ESG, technology, and fintech industries. The mounting rush of Demat account openings, together with strong economic growth and investor interest, is fueling exceptional participation in IPOs. Note to readers: This article is part of HT's paid consumer connect initiative and is independently created by the brand. HT assumes no editorial responsibility for the content, including its accuracy, completeness, or any errors or omissions. Readers are advised to verify all information independently. Want to get your story featured as above? click here!
Time of India
08-05-2025
- Business
- Time of India
Property Share files ₹472 crore IPO draft for second SM REIT scheme
NEW DELHI: Property Share Investment Trust, India's first registered Small and Medium Real Estate Investment Trust (SM REIT), has filed a draft document for a Rs 472 crore Initial Public Offering (IPO) of PropShare Titania , its second SM REIT scheme . The IPO comprises a fresh issue of Titania units with no Offer For Sale (OFS)component, Property Share Investment Trust said in a statement on Thursday. PropShare Titania comprises a 4,37,973 sq ft of grade A+ office space in G Corp Tech Park located in Mumbai, with ESG certifications. It is fully occupied by a diversified tenant portfolio comprising Fortune 500 companies, MNCs and blue-chip tenants including Aditya Birla Capital and Concentrix. The Trust said that tenants have occupied the building for more than nine years and have a 3.3-year weighted average lease expiry in the building. There is a 5 per cent annual rental escalation across all the tenant leave and licence agreements. The scheme offers investors a projected distribution yield of 9 per cent for FY26 and FY27, while 9.1 per cent for FY28. Proceeds from the issue are proposed to be utilised primarily for the acquisition of the asset. PropShare Titania is located on the main Ghodbunder road, Thane, which is part of the Mumbai Metropolitan Region. Thane has a large residential catchment area with strong social infrastructure. "After the success of our first scheme of SM REIT, we are excited to launch PropShare Titania. This marks another milestone in our mission in creating a transparent, liquid, and institutional-quality real estate investment platform for individual investors. In a volatile equity market environment, rent-yielding commercial assets like SM REITs are emerging as an alternative investment opportunity for investors,"Kunal Moktan, Co-founder, Property Share said. In December, Property Share Investment Trust floated Rs 353-crore IPO of PropShare Platina, its first SM REIT scheme. SM REITs are a new asset class introduced by the Securities and Exchange Board of India (Sebi) as a sub-class within the REIT framework for assets valued between Rs 50 and Rs 500 crore. Similar to REITs, SM REIT units are required to be listed on the stock exchanges but with a minimum lot size of 1 unit of Rs 10 lakh. Under the framework, SM REITs are not permitted to invest in under-construction assets or land and must distribute 95 per cent of earnings as distributions to unit holders. Kotak Mahindra Capital Company is the sole lead manager to the issue. The units are proposed to be listed on BSE.
Economic Times
08-05-2025
- Business
- Economic Times
Property Share files for Rs 472 crore IPO for second SM REIT scheme
Property Share Investment Trust has filed for a Rs 472 crore IPO for its second SM REIT scheme, PropShare Titania, featuring a fully leased ESG-certified office space in Mumbai with a projected 9% yield and strong tenant profile. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Property Share Investment Trust, India's first registered Small and Medium Real Estate Investment Trust (SM REIT), has filed for an initial public offering (IPO) of up to Rs 472 crore for its second scheme, PropShare Titania, marking a fresh push in the nascent SM REIT IPO, comprising only a fresh issue of units, will be conducted via the book building process in accordance with the Securities and Exchange Board of India (Sebi) regulations for REITs. Up to 75% of the net issue will be allocated to institutional investors, with the remaining 25% reserved for non-institutional Titania consists of a 4,37,973 square foot Grade A+ commercial office space in G Corp Tech Park , Mumbai. The asset, located on Ghodbunder Road in Thane—a part of the Mumbai Metropolitan Region—is fully occupied by a diversified set of tenants including Fortune 500 firms such as Aditya Birla Capital and building has been tenanted for over nine years, with a weighted average lease expiry of 3.3 years and a 5% annual rental escalation built into the asset is ESG-certified, boasting LEED Platinum, WELL Health and Safety, and BEE 5 Star ratings. The scheme projects a distribution yield of 9.0% for FY26 and FY27, and 9.1% for Share Investment Manager, the investment manager to the Trust, will invest a minimum of 5% of the scheme's units from its own capital. It has also announced a waiver of all annual management expenses, including investment and property management fees, for FY26. A nominal 0.5% fee will be charged from FY27 net proceeds from the offering are intended primarily for the acquisition of the G Corp Tech Park asset. The units of PropShare Titania are proposed to be listed on BSE Mahindra Capital is the sole book running lead manager for the issue. KFin Technologies is the registrar, with legal counsel provided by Cyril Amarchand Mangaldas and Trilegal. Axis Trustee Services acts as the Kunal Moktan and Hashim Khan stated the new scheme aims to strengthen Property Share's mission of offering transparent and institutional-grade real estate investments to individuals, particularly as SM REITs emerge as a compelling alternative in a volatile equity market environment.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
08-05-2025
- Business
- Time of India
Property Share files for Rs 472 crore IPO for second SM REIT scheme
Property Share Investment Trust has filed for a Rs 472 crore IPO for its second SM REIT scheme, PropShare Titania, featuring a fully leased ESG-certified office space in Mumbai with a projected 9% yield and strong tenant profile. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Property Share Investment Trust, India's first registered Small and Medium Real Estate Investment Trust (SM REIT), has filed for an initial public offering (IPO) of up to Rs 472 crore for its second scheme, PropShare Titania, marking a fresh push in the nascent SM REIT IPO, comprising only a fresh issue of units, will be conducted via the book building process in accordance with the Securities and Exchange Board of India (Sebi) regulations for REITs. Up to 75% of the net issue will be allocated to institutional investors, with the remaining 25% reserved for non-institutional Titania consists of a 4,37,973 square foot Grade A+ commercial office space in G Corp Tech Park , Mumbai. The asset, located on Ghodbunder Road in Thane—a part of the Mumbai Metropolitan Region—is fully occupied by a diversified set of tenants including Fortune 500 firms such as Aditya Birla Capital and building has been tenanted for over nine years, with a weighted average lease expiry of 3.3 years and a 5% annual rental escalation built into the asset is ESG-certified, boasting LEED Platinum, WELL Health and Safety, and BEE 5 Star ratings. The scheme projects a distribution yield of 9.0% for FY26 and FY27, and 9.1% for Share Investment Manager, the investment manager to the Trust, will invest a minimum of 5% of the scheme's units from its own capital. It has also announced a waiver of all annual management expenses, including investment and property management fees, for FY26. A nominal 0.5% fee will be charged from FY27 net proceeds from the offering are intended primarily for the acquisition of the G Corp Tech Park asset. The units of PropShare Titania are proposed to be listed on BSE Mahindra Capital is the sole book running lead manager for the issue. KFin Technologies is the registrar, with legal counsel provided by Cyril Amarchand Mangaldas and Trilegal. Axis Trustee Services acts as the Kunal Moktan and Hashim Khan stated the new scheme aims to strengthen Property Share's mission of offering transparent and institutional-grade real estate investments to individuals, particularly as SM REITs emerge as a compelling alternative in a volatile equity market environment.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Business Standard
08-05-2025
- Business
- Business Standard
PSIT files Rs 472 crore IPO for PropShare Titania, its second SM Reit
Property Share Investment Trust (PSIT), India's first registered small and medium real estate investment trust (SM Reit), has filed a draft offer document for an initial public offering (IPO) of PropShare Titania, its second SM Reit scheme. The offering, aggregating up to Rs 472 crore, is entirely a fresh issue. PropShare Titania comprises about 4.4 lakh square feet (sq ft) of grade A+ office space in G Corp Tech Park located in Mumbai. The space is fully occupied by a diversified tenant portfolio comprising Fortune 500 companies, multinational corporations, and blue-chip tenants, including Aditya Birla Capital and Concentrix, the firm stated. The net proceeds are proposed to be utilised primarily for the acquisition of the asset. According to PSIT, the tenants have occupied the building for more than nine years and have a 3.3-year weighted average lease expiry. There is a 5 per cent annual rental escalation across all the tenant leave and licence agreements. The scheme offers investors a projected distribution yield of 9.0 per cent for the financial year 2026 (FY26), 9.0 per cent for FY27, and 9.1 per cent for FY28, PSIT noted. This issue is being made through the book-building process and in compliance with the Reit regulations and the Reit master circular, wherein not more than 75 per cent of the net issue shall be available for allocation on a proportionate basis to institutional investors, and the balance 25 per cent shall be available for allocation to non-institutional investors, in accordance with the Reit regulations. Earlier, in November 2024, PSIT issued a Rs 353 crore IPO for its first scheme, PropShare Platina, which was also an entirely fresh issue. PropShare Titania is located on the main Ghodbunder Road, Thane, a part of the Mumbai Metropolitan Region. The asset, developed by the G Corp Group, is located close to the upcoming metro station on Metro Line 4. Kunal Moktan, co-founder, Property Share, said, 'This marks another milestone in our mission to create a transparent, liquid, and institutional-quality real estate investment platform for individual investors. In a volatile equity market environment, rent-yielding commercial assets like SM Reits are emerging as an alternative investment opportunity for investors.' Additionally, SM Reits are a new asset class introduced by the Securities and Exchange Board of India (Sebi) as a sub-class within the Reit framework for assets valued between Rs 50 crore and Rs 500 crore. Similar to Reits, SM Reit units are required to be listed on the stock exchanges but with a minimum lot size of one unit of Rs 10 lakh. SM Reits are not permitted to invest in under-construction assets or land and must distribute 95 per cent of earnings as distributions to unit holders. Property Share was the first firm to receive the SM Reit licence after Sebi notified the SM Reit regulations in March 2024.
