Property Share Investment Trust SM REIT IPO

LISTED

MAINBOARD

BSE • Lot Size: 1 • Mainboard

Issue₹1050000

→

Listed₹1020000-3%

→

Now₹471-100.0%

↓100.0%

*Last updated on 11 Jan 2026

Price Band

₹1000000 - ₹1050000

Lot Size

Issue Size

₹472.97 Cr

GMP

N/A

Subscription

0.00x

Analyzing...

IPO Schedule

Open

21 Jul 2025

25 Jul 2025

Allotment

Listing

4 Aug 2025

About Property Share Investment Trust SM REIT

Property Share Investment Trust SM REIT is a proposed Small and Medium REIT (SM REIT) focusing on investments in income-generating commercial real estate assets. The REIT aims to provide investors with access to fractional ownership in high-quality properties, diversifying their investment portfolio and generating stable returns through rental income and potential capital appreciation.

Key Strengths

Access to Institutional-Grade Real Estate: Offers retail investors access to commercial real estate assets typically accessible only to institutional investors.
Diversification: REIT structure allows for diversification across multiple properties, reducing risk compared to direct property ownership.
Potential for Stable Income: Focus on income-generating properties provides the potential for regular rental income distribution to investors.
Professional Management: REIT is managed by experienced professionals with expertise in real estate investment and management.
Liquidity (Relative to Direct Property): REIT units can be traded on the stock exchange, offering relatively higher liquidity compared to direct property investments.

Risk Factors

•Real Estate Market Risks: Performance is subject to fluctuations in the real estate market, including changes in occupancy rates, rental yields, and property values.
•Interest Rate Risk: Changes in interest rates can impact the value of underlying properties and the overall return on investment.
•Vacancy Risk: Vacancy in the properties held by the REIT could affect the distributable income to investors.
•Regulatory Risks: Changes in regulations governing REITs can impact the operational and financial performance of the REIT.
•Concentration Risk: Dependence on a limited number of key tenants could expose the REIT to significant financial risk if a major tenant defaults or chooses not to renew its lease.

Valuation Analysis

Due to the lack of historical financial data (ROE, P/E) typically available for established companies, a definitive valuation opinion is challenging. Investors should carefully assess the underlying property portfolio, management team's track record, and projected cash flows against the IPO price to determine its attractiveness.