Property Share REIT IPO: Check subscription, price band, and other details
The REIT IPO of Property Share Investment Trust (PSIT) is seeing muted response on the first day of bidding with just 1% subscription so far, Property Share Investment Trust is India’s first registered small and medium real estate investment trust.
The IPO received 5% bids in the other investors’ category and there were no bids yet in the institutional investors’ portion. The issue opened for subscription earlier today and will be available for bidding till December 4.
Property Share is launching an 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…
