Property Share REIT IPO open date is December 2 2024 and the IPO will close on December 4 2024. The allotment date for the IPO is fixed on the date of December 5 2024. Shares of the specified company will be allotted to the eligible applicants on 6th December 2024 and the IPO of the mentioned company is going to be listed on NSE and BSE both on the very day of December 9 2024. Initially 352.91 crores will be raised through this IPO allotment. Offer for sale for the IPO is dot (.) It is a build type issue. Out of the total number of shares 0% has been ascertained for the retail investors whereas 75% of the total number of shares has been reserved for QIB (Qualified Institutional Buyers) and rest of 25% has been reserved for NII type investors that is Non Institutional Investors. The price band fixed by the company officials is of rupees 1000000 – 1050000 per share. The promoters for the IPO has not been mentioned yet by the corporate house. Revenue generated by the company for the financial year 2024 is Rs(.) and company marked net profit of Rs (.) for the financial year 2024. Interested applicants can apply for this IPO just for 1 share of rupees 1050000.
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About Property Share REIT:
The Property Share REIT was incorporated on the day of 27th June 2024.It works under the REIT rules and regulations and it is a all and medium type a real estate investment trust. Through this type of investment trust people can invest in real estate properties like buildings, hotels, hospitals, shopping malls etc. Funds raised through this IPO will be utilised in operating the Property Share REIT Investment Trust and internal purposes. Primary goal for this fund raising is to operate and invest in a real estate properties to generate income and profit in the days coming. Kunal Moktan, Hashim Qadeer Khan and Benjamin Oliver are some of the independent directors responsible for the smooth operation of this investment trust.
Market analysts such as Canara Bank, Sharekhan, SMC Global, Geojit Financials, Reliance Securities has given positive remarks to apply for this IPO.
KFin Technologies Limited has been a assigned as the registrar for this IPO activities. Lead Managers also known as Merchant Bank responsible for this successful IPO allotment is ICICI Securities Limited. Company’s registered address is in Bangalore now.
What is Property Share REIT IPO?
Property Share REIT IPO is a main board IPO.The company is prepared to raise around Rs. 352.91 crores through this IPO allotment. The issue price has been fixed at Rs 1000000 – 10,50000. This IPO is going to be listed on NSE and BSE both stock exchanges.
When Property Share REIT IPO will open for subscription?
The Property Share REIT IPO is going to be opened on 2nd December 2024. Retail investors,QIB and NII will participate for this IPO subscription. IPO will close on December 4 2024.
How much percentage is reserved for investors for Property Share REIT IPO?
75% of the total allotted shares is reserved for QIB and the rest 25% will be available for NII quota
How to apply for Property Share REIT IPO?
Interested investors can apply for Property Share REIT IPO through ASBA via bank account. They can also apply through their share brokers or through offline mode also.
What is Property Share REIT IPO issue size?
Property Share REIT IPO issue size is Rs. 353 crores
What is the Property Share REIT IPO price band?
Price band for the share investment IIT IPO has been fixed for Rs. 10 lacs to 10 lacs 50000 only
What is the Property Share REIT IPO lot size?
Minimum lot size is one share of rupees 10,50000 only.
What is the Property Share REIT IPO allotment date?
Property Share REIT IPO allotment date has been fixed for December 5 2024
What is the Property Share REIT IPO listing date?
Listing date for the IPO has been fixed on 9th December 2024