Property Share REIT IPO Day 3: Check subscription, price band, and other details
The REIT IPO of Property Share Investment Trust (PSIT) was fully subscribed on the final day of bidding with 119% subscription by 05:00 PM. Property Share Investment Trust is India’s first registered small and medium real estate investment trust.
The IPO received 437% bids in the other investors’ category and 13% bids in the institutional investors’ segment. The issue opened for subscription on December 2 and will be available for bidding till December 4.
Property Share is launching a REIT IPO for PropShare Platina, which is the first scheme under PSIT. Small and medium REITs are a new asset class regulated by the Sebi as a sub-class within the REIT framework for assets valued between Rs 50-500 crore.
The offer proceeds are proposed to be…
