Property Share Investment Trust REIT
Property Share Investment Trust: An Overview
Property Share Investment Trust, established in June 2024, is a significant player in the Indian real estate investment landscape. As a SEBI-registered small and medium real estate investment trust (REIT), it offers investors an opportunity to participate in the real estate market with a regulated and structured approach. The Trust’s first scheme, known as PropShare Platina, represents a robust step forward in its mission to provide diverse investment opportunities. This scheme is composed of six wholly owned Special Purpose Vehicles (SPVs), aligning with the guidelines set by the REIT Regulations. These SPVs are integral components that facilitate efficient management and operation of real estate assets.
Trustee Services by Axis Trustee Services Limited
Axis Trustee Services Limited serves as the esteemed Trustee of Property Share Investment Trust. This partnership ensures that the Trust operates under stringent regulatory standards and offers a broad range of services to its clients. The Trustee’s role is multifaceted, ensuring comprehensive financial oversight and management. These services include:
- Debenture Trustee: Overseeing the issuance and management of debentures, ensuring compliance with regulatory norms.
- Security Trustee: Managing securities and ensuring the interests of the investors are protected.
- Facility Agent: Acting as an intermediary between borrowers and lenders to facilitate smooth financial transactions.
- Escrow Agency: Managing escrow accounts to ensure secure and transparent fund transfers.
- Custody Services: Safeguarding financial assets and ensuring their proper management.
- Trust and Retention Account: Managing trust and retention accounts for regulated financial transactions.
- Securitization Trustee: Overseeing the securitization process, ensuring securitized assets are managed effectively.
- Share Monitoring Trustee Monitoring and managing shares to ensure compliance with investment mandates.
- Lender Repayment Trustee: Overseeing the repayment process to lenders, ensuring timely and accurate distribution of funds.
- Digital Escrow Agency: Managing digital escrow services to facilitate secure online transactions.
- Trustee of REITs, InvITs, AIFs and Family Trusts: Providing trust services for a wide array of investment vehicles in the domestic market.
Property Share REIT IPO Overview:
- IPO Type: Book Built Issue
- Total Issue Size: ₹352.91 crores
- Price Per Share: ₹1,000,000 to ₹1,050,000 per share
- Minimum Lot Size: 1 share
- Minimum Investment (Retail Investors): ₹1,050,000
- Issue Opening Date: December 2, 2024
- Issue Closing Date: December 4, 2024
- Book Running Lead Managers: ICICI Securities Limited
- Registrar: Kfin Technologies Limited
