Real Estate Investment Trusts (REITs) offer a unique way to invest in real estate, providing potential income and diversification. Today, we delve into the upcoming PropShare Titania IPO (PROPTITANIA), a new offering in the SM REIT space. We’ll explore its Shariah compliance, IPO details, and what this opportunity might mean for investors.
Table of Contents
1. Shariah Compliance Status & Screening Notes
PropShare Titania (PROPTITANIA) is classified as Non-Shariah Compliant.
According to the Shariah team, REITs require a specific Shariah body to check on their investment. In the case of PropShare Titania, the core business activity itself does not align with Shariah principles, rendering other financial calculations for compliance inapplicable.
Read this article to understand in details about REITs: https://blog.islamicstock.in/understanding-shariah-compliance-in-real-estate-investment-trusts-reits/
2. PropShare Titania IPO Details
The PropShare Titania IPO is a Bookbuilding SM REIT issue.
| IPO Details | Information |
| IPO Date | July 21, 2025 to July 25, 2025 |
| Face Value | ₹[.] per share |
| Issue Price Band | ₹10,00,000 to ₹10,60,000 per share |
| Lot Size | 1 Share |
| Sale Type | Fresh Capital |
| Total Issue Size | [.] shares (aggregating up to ₹473.00 Cr) |
| Issue Type | Bookbuilding SM REIT |
| Listing At | BSE |
3. PropShare Titania IPO Timeline (Tentative Schedule)
Here’s the tentative schedule for the PropShare Titania IPO:
| Event | Date |
| 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 |
| Credit of Shares to Demat | Thu, Jul 31, 2025 |
| Tentative Listing Date | Mon, Aug 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2025 |
4. About Property Share Investment Trust REITs
Property Share Investment Trust REIT, incorporated in June 2024, is a SEBI-registered small and medium real estate investment trust. Its second scheme is PropShare Titania.
The Trustee for Property Share Investment Trust is Axis Trustee Services Limited. The Trustee provides various services including:
- Debenture trustee
- Security trustee
- Facility agent
- Escrow agency
5. Conclusion and Investment Resources
While the PropShare Titania IPO offers an avenue into the real estate market through a SEBI-registered SM REIT, it is important for investors, particularly those seeking Shariah-compliant options, to note its non-compliant status based on its core business activities. Always conduct thorough due diligence and consult with a financial advisor before making investment decisions.
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SEBI Disclaimer: Investment in securities markets are subject to market risks, read all the related documents carefully before investing. The information provided in this article is for educational and informational purposes only and does not constitute financial advice. Investors should consult with qualified financial professionals before making any investment decisions.