The PropShare Titania IPO is a book-built issue with a total offer size of ₹473 crore, comprising only a fresh issue—there is no offer for sale (OFS) component.
The IPO will open for subscription on July 21, 2025, and will close on July 25, 2025. The basis of allotment is expected to be finalized on Wednesday, July 30, 2025, and the IPO is likely to be listed on the BSE on Monday, August 4, 2025.
The price band for the IPO is fixed between ₹10,00,000 and ₹10,60,000 per unit, with a minimum lot size of 1 unit. Accordingly, the minimum investment required is ₹10,00,000.
There are no specified lot sizes or investment amounts for Small Non-Institutional Investors (sNII) or Big Non-Institutional Investors (bNII) as of now.
PropShare Titania IPO Details
| General | Detail |
|---|---|
| IPO Date | July 21, 2025 to July 25, 2025 |
| Listing Date | [.] |
| Face Value | ₹0 per share |
| Issue Price Band | ₹1000000 to ₹1060000 per share |
| Lot Size | 1 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | [.] shares (aggregating up to ₹473.00 Cr) |
| Issue Type | Bookbuilding SM REIT |
| Listing At | BSE |
PropShare Titania IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| All Investors | 1 | 1 | ₹10,60,000 |
PropShare Titania IPO Timeline
| IPO Timeline | Dates |
|---|---|
| IPO Open Date | Mon, Jul 21, 2025 |
| IPO Close Date | Fri, Jul 25, 2025 |
| Tentative Allotment | Wed, Jul 30, 2025 |
| Initiation of Refunds | Thu, Jul 31, 2025 |
| Tentative Listing Date | Mon, Aug 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2025 |
PropShare Titania IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Net Issue |
| NII Shares Offered | Not less than 25% of the Net Issue |
PropShare Titania IPO Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Acquisition of the entire issued and paid-up equity share capital of the Titania SPV as per the Share Purchase Agreement | 217.00 |
| 2 | Providing loan to the Titania SPV for extinguishment and redemption of the debenture liability of the Titania SPV, by redeeming the OCDs* (including any accrued interest); | 232.94 |
| 3 | General purposes |
About PropShare Titania IPO
The PropShare Titania IPO is a ₹473 crore fresh issue under India’s second Small and Medium REIT. It gives investors access to Grade A+ commercial property at G Corp Tech Park, Thane, fully leased to firms like Aditya Birla Capital. The asset is 100% occupied, LEED Platinum certified, and offers a projected 9.0%–9.1% annual yield.
The IPO opens on July 21, 2025, and lists on August 4. The minimum investment is ₹10 lakh, with no retail quota. There are zero fees in FY26 and only 0.5% afterward, enhancing returns. The PropShare Titania IPO is ideal for HNIs and institutions seeking stable income from premium real estate without owning physical property.
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PropShare Titania IPO Product Overview
- Product Type: Units of an SM REIT (Small and Medium Real Estate Investment Trust)
- Underlying Asset: Grade A+ commercial office property
- Location: G Corp Tech Park, Ghodbunder Road, Thane, Mumbai Metropolitan Region
- Total Area: Approx. 4.38 lakh sq. ft. of leasable office space
- Occupancy: 100% leased to top-tier tenants
- Key Tenants: Aditya Birla Capital, Concentrix, and other Fortune 500 firms
- Lease Profile: Long-term contracts with 5% annual rent escalation
- Certifications: LEED Platinum, WELL Health & Safety, BEE 5-Star
- Yield Potential: 9.0%–9.1% projected annual distribution yield
- Use Case: Ideal for HNIs and institutions seeking passive income through high-quality commercial real estate
- Ownership Model: Investors own units of the trust, not the physical property
PropShare Titania IPO Company Strengths
- 100% Occupancy
- The asset is fully leased to blue-chip tenants, ensuring immediate and steady rental income from day one.
- Premium Grade A+ Asset
- Located at G Corp Tech Park, Thane, a rapidly growing commercial hub with strong infrastructure and metro connectivity.
- Top-Tier Tenants
- Leased to reputed firms like Aditya Birla Capital and Concentrix, reducing default and vacancy risks.
- Strong Rental Growth
- All leases include a 5% annual escalation clause, which boosts rental income year after year.
- ESG-Compliant Property
- Certified with LEED Platinum, WELL Health & Safety, and BEE 5-Star, making it an environmentally and socially responsible investment.
- Attractive Yield
- Offers projected yields of 9.0%–9.1%, higher than many fixed income instruments and traditional REITs.
- Low Fee Structure
- No management fee in FY26, and just 0.5% fee from FY27, ensuring more income flows directly to investors.
- Skin in the Game
- The Investment Manager commits to subscribe at least 5% of total units, aligning interests with investors.
- Regulated by SEBI
- Operates under strict SEBI guidelines, ensuring transparency, governance, and investor protection.
PropShare Titania IPO Contact Details
PropShare Titania Contact Details
- PropShare Titania
16th Floor,
SKAV Seethalakshmi,
21/22, Kasturba Road
Bangalore Urban, Karnataka, 560001 - Phone: 80 3100 3902
- Email: compliance.officer@propertyshare.in
- Website: http://www.psreit.in/
PropShare Titania IPO Registrar
- Kfin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: propshare.ipo@kfintech.com
- Website: https://kosmic.kfintech.com/ipostatus/
R. Thyagarajan – Frequently Asked Questions
Who is R. Thyagarajan and what is he known for?
R. Thyagarajan is the founder of the Shriram Group, one of India’s leading financial conglomerates. He is known for pioneering financial inclusion by serving underserved communities through chit funds, vehicle loans, insurance, and SME finance.
What is R. Thyagarajan’s educational background?
He holds a Master’s degree in Mathematics and another in Mathematical Statistics from the Indian Statistical Institute (ISI), Kolkata. His strong academic background in analytics helped shape his strategic and risk-assessed business decisions.
How and when was the Shriram Group founded?
The Shriram Group was founded on April 5, 1974, in Chennai by R. Thyagarajan, AVS Raja, and T. Jayaraman. It started with ₹30,000 capital and launched with chit funds to meet the financial needs of common people ignored by banks.
What are the core values behind R. Thyagarajan’s business vision?
His vision is rooted in:
- Financial inclusion for underserved communities
- Relationship-based lending
- Trust and accessibility
- Employee ownership and empowerment
- Simplicity and ethical leadership
What are the major companies under the Shriram Group?
Key companies under the group include:
- Shriram Finance
- Shriram Life Insurance
- Shriram General Insurance
- Shriram Chits
- Shriram Housing Finance
What philanthropic actions has R. Thyagarajan taken?
In 2006, R. Thyagarajan donated shares worth ₹6,210 crore to the Shriram Ownership Trust, making senior employees co-owners of the business. This act highlighted his commitment to shared wealth, employee welfare, and ethical capitalism.
What is R. Thyagarajan’s legacy and impact?
His legacy includes building a ₹2.3 lakh crore financial empire while maintaining humility and a simple lifestyle. He transformed India’s financial services landscape by serving millions in semi-urban and rural areas and inspired ethical, inclusive entrepreneurship.
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