Property Share InvIT IPO 2024: Key Details & Dates
The Property Share InvIT IPO 2024 is one of the most anticipated investment opportunities this year. Scheduled to open on December 2, 2024, and close on December 4, 2024, this IPO offers investors a chance to participate in a growing real estate investment trust (REIT) in India. Here’s what you need to know.
Key Details of Property Share InvIT IPO
- Issue Size: ₹352.91 crore
- Price Band: ₹10,00,000 to ₹10,50,000 per share
- Listing Date: December 9, 2024 (Tentative)
- Issue Type: Book Build Issue
- Market: Listed on BSE and NSE
Investment Objective of Property Share InvIT
The Property Share InvIT IPO will use the proceeds to acquire Project Platina, which includes commercial office spaces in Bangalore. The funds will also cover statutory charges like stamp duty and registration fees, allowing for the smooth acquisition of properties.
IPO Subscription Details
- Lot Size: Yet to be disclosed
- Price Range: ₹10,00,000 to ₹10,50,000
- Minimum Investment: TBD (Dependent on lot size)
This IPO presents an opportunity for investors to buy into one of India’s emerging SME REITs with a focus on generating regular income through commercial properties.
How to Apply for the Property Share InvIT IPO
You can apply for the Property Share InvIT IPO via stock brokers like Zerodha, Angel One, and Upstox. To apply, ensure that you have an active Demat account for seamless share allotment.
Why Invest in Property Share InvIT?
- Diversified Portfolio: Invest in completed, revenue-generating commercial properties.
- Focus on Prime Real Estate: Project Platina is located in Bangalore, a key business hub.
- Steady Income Stream: This InvIT aims to generate income through rental returns from the commercial properties.
Risks to Consider
- Market Risks: Performance of the commercial real estate market in Bangalore.
- Liquidity Risks: Potential challenges in trading units due to limited market depth.
- Interest Rate Changes: These can affect the profitability of real estate investments.
Property Share InvIT IPO Timeline
- Opening Date: December 2, 2024
- Closing Date: December 4, 2024
- Basis of Allotment: December 5, 2024
- Refunds and Demat Credits: December 6, 2024
- Listing Date: December 9, 2024
Conclusion: Should You Invest in Property Share InvIT IPO?
The Property Share InvIT IPO offers a unique investment opportunity for those looking to diversify their portfolio with commercial real estate in India. By investing in Project Platina, you gain exposure to rental income and property appreciation in a growing market. However, like all investments, it’s essential to assess your risk tolerance and investment goals before applying.
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