PropShare Titania IPO 2025: Date, Price, GMP, Review, Allotment Details
The PropShare Titania IPO, the second scheme under Property Share Investment Trust, India’s first SEBI-registered Small and Medium Real Estate Investment Trust (SM REIT), is creating buzz in the real estate investment space. Offering investors access to a premium Grade A+ commercial property in Mumbai, this IPO is a unique opportunity to invest in high-yield, ESG-certified assets. This article provides a comprehensive overview of the PropShare Titania IPO, including its dates, price band, grey market premium (GMP), allotment details, financial insights, and expert review to guide your investment decision.
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PropShare Titania IPO Details
The PropShare Titania IPO is a book-built issue aiming to raise ₹473 crores through a fresh issue of units. Below are the key details:
| Particulars | Details |
|---|---|
| IPO Opening Date | July 21, 2025 |
| IPO Closing Date | July 25, 2025 |
| Allotment Date | July 30, 2025 |
| Listing Date | August 4, 2025 |
| Face Value | Not Applicable (Units) |
| Price Band | ₹10,00,000 to ₹10,60,000 per unit |
| Lot Size | 1 unit |
| Issue Size | ₹473 crores (Fresh Issue) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Book Running Lead Manager | Kotak Mahindra Capital Company |
| Registrar | KFin Technologies Limited |
The IPO allocates 75% to Qualified Institutional Buyers (QIBs) and 25% to High Net-Worth Individuals (HNIs), with no retail quota due to the high minimum investment of ₹10,00,000.
PropShare Titania IPO Subscription Status
The subscription status for the PropShare Titania IPO will be updated daily during the subscription period (July 21–25, 2025). Investors can track live subscription data on the BSE website or the registrar’s portal.
| Category | Subscription (Times) |
|---|---|
| QIB | To be updated |
| NII (HNI) | To be updated |
| Total | To be updated |
Note: Subscription data will be available after the IPO opens on July 21, 2025.
PropShare Titania IPO Allotment Status
The allotment for the PropShare Titania IPO is expected to be finalized on July 30, 2025. Investors can check their allotment status on the registrar’s website, KFin Technologies Limited, using their application number, PAN, or DP Client ID. Units will be credited to demat accounts by July 31, 2025.
Steps to Check Allotment Status:
- Visit the KFin Technologies website (https://kosmic.kfintech.com/ipostatus/).
- Select “PropShare Titania IPO” from the dropdown.
- Enter your Application Number, PAN, or DP Client ID.
- Click “Submit” to view your allotment status.
PropShare Titania IPO Grey Market Premium (GMP) Today
The Grey Market Premium (GMP) indicates the premium at which IPO units are traded in the unofficial market before listing. As of July 14, 2025, the GMP for the PropShare Titania IPO is not available, as grey market activity has not yet started. Investors should monitor updates closer to the IPO opening for GMP trends.
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| July 14, 2025 | Not Available | Not Available |
| July 13, 2025 | Not Available | Not Available |
| July 12, 2025 | Not Available | Not Available |
| July 11, 2025 | Not Available | Not Available |
Disclaimer: GMP is unofficial and volatile. Always assess the company’s fundamentals before investing.
PropShare Titania IPO Kostak Rates Today
The Kostak rate is the premium an investor receives by selling their IPO application in the grey market before allotment. As of July 14, 2025, the Kostak rate for the PropShare Titania IPO is not available due to the absence of grey market activity. Check with grey market dealers for updates.
| Date | Kostak Rate (₹) |
|---|---|
| July 14, 2025 | Not Available |
PropShare Titania IPO Subject to Sauda Rates
The Subject to Sauda rate is the amount agreed for an IPO application, payable only if allotted. As of July 14, 2025, the Subject to Sauda rate for the PropShare Titania IPO is not available, as grey market trading has not commenced.
| Date | Subject to Sauda (₹) |
|---|---|
| July 14, 2025 | Not Available |
Note: Kostak and Subject to Sauda rates are unofficial and may fluctuate as grey market activity begins.
About PropShare Titania
PropShare Titania is the second scheme under Property Share Investment Trust (PSIT), India’s first SEBI-registered Small and Medium Real Estate Investment Trust, incorporated in June 2024. The scheme comprises office premises across six floors of G Corp Tech Park, a Grade A+ commercial property in Thane, Mumbai Metropolitan Region, with a leasable area of 437,973 sq. ft. The property is fully leased to a diversified tenant base, including Aditya Birla Capital, Concentrix, a Fortune 500 healthcare company, and a Japanese multinational conglomerate. The asset holds LEED Platinum, WELL Health & Safety, and BEE 5-star certifications, emphasizing sustainability. PSIT’s business model focuses on income-generating commercial real estate with embedded rental growth, stable cash flows, and mark-to-market potential. The trustee is Axis Trustee Services Limited, and the investment manager, PropShare Investment Manager, has waived all management and property fees for FY26, charging only a 0.5% management fee from FY27 to enhance investor yields.
PropShare Titania IPO Objectives
The net proceeds from the IPO will be utilized for:
- Acquisition of a revenue-generating Grade A+ commercial office asset in Mumbai.
- General corporate purposes.
PropShare Titania Financials
As PropShare Titania is a scheme under Property Share Investment Trust, specific financials for the scheme are not separately reported. However, the trust’s first scheme, PropShare Platina, raised ₹353 crores in November 2024, indicating strong market confidence. The G Corp Tech Park asset is fully leased, ensuring stable rental income, with a projected yield profile enhanced by the waiver of management fees for FY26.
PropShare Titania IPO Strengths
- Premium Asset: Grade A+ office space in G Corp Tech Park, Thane, with 437,973 sq. ft. fully leased to blue-chip tenants like Aditya Birla Capital and Concentrix.
- High Yield Potential: Waiver of management and property fees for FY26 and a low 0.5% fee from FY27 enhance post-expense yields.
- ESG Certifications: LEED Platinum, WELL Health & Safety, and BEE 5-star certifications align with sustainable investment trends.
- Stable Cash Flows: Fully occupied by Fortune 500 and multinational tenants, ensuring consistent rental income.
- Regulatory Oversight: SEBI-regulated SM REIT framework ensures transparency and governance.
PropShare Titania IPO Risks
- High Entry Barrier: Minimum investment of ₹10,00,000 limits accessibility for retail investors.
- Market Volatility: Commercial real estate yields may be impacted by economic fluctuations.
- Tenant Concentration: Dependence on a limited number of tenants poses risks if lease agreements are disrupted.
- Liquidity Concerns: SM REIT units may have lower liquidity compared to traditional equities.
PropShare Titania IPO Review
PropShare Titania IPO offers a compelling opportunity for high-net-worth investors seeking exposure to institutional-grade commercial real estate with stable rental income and strong ESG credentials. The Grade A+ asset in Thane, fully leased to reputable tenants, ensures reliable cash flows, while the fee waiver for FY26 enhances yield potential. The SEBI-regulated SM REIT framework adds transparency and governance, making it a pioneering investment in India’s evolving real estate market. However, the high minimum investment and lack of retail quota limit accessibility, and risks like tenant concentration and market volatility should be considered. Investors with a long-term perspective and appetite for alternative assets may find this IPO attractive.
Recommendation: Consider applying for long-term income generation, but evaluate risks and consult a financial advisor.
How to Apply for PropShare Titania IPO
Investors can apply through ASBA (Applications Supported by Blocked Amount) or UPI via their bank or brokers like Zerodha, Upstox, or 5Paisa.
Steps to Apply:
- Log in to your demat account or broker’s platform.
- Navigate to the IPO section and select “PropShare Titania IPO.”
- Enter the number of units (minimum 1 unit).
- Provide your UPI ID or bank details for payment.
- Submit the application and authorize the payment.
Check your broker’s IPO application process for detailed instructions.
PropShare Titania IPO FAQs
When does the PropShare Titania IPO open and close?
The IPO opens on July 21, 2025, and closes on July 25, 2025.
What is the price band of the PropShare Titania IPO?
The price band is ₹10,00,000 to ₹10,60,000 per unit.
What is the minimum investment for investors?
The minimum investment is ₹10,00,000 (1 unit).
How to check the PropShare Titania IPO allotment status?
Visit the KFin Technologies website and enter your application details.
What is the GMP of the PropShare Titania IPO?
As of July 14, 2025, the GMP is not available, as grey market activity has not started.
Where will the PropShare Titania IPO be listed?
The IPO will be listed on the BSE, tentatively on August 4, 2025.
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