PropShare Titania IPO Subscribed 0.96 Times by Day 4 as NII Category Leads Bidding

Mumbai, 24 July 2025: The PropShare Titania IPO has been subscribed 0.96 times by the end of Day 4, with Non-Institutional Investors (NII) accounting for the highest portion of bids. The IPO, which opened on 21 July 2025, will close on 25 July 2025. The allotment is expected to be finalised on 30 July 2025, and listing is scheduled for 4 August 2025 on the BSE.

NII Category Drives PropShare Titania IPO with 3.81 Times Subscription

By the end of Day 4, the NII category had been subscribed 3.81 times, bidding for 4,284 shares against the offered 1,124 shares. This translated into a total bid value of approximately ₹454.10 crore. This category has shown the most interest in the issue so far, while other segments remained largely inactive.

No Participation Yet from Qualified Institutional Buyers

The Qualified Institutional Buyers (QIB) segment has not placed any significant bids by the end of Day 4. Only 10 shares have been bid for against 3,369 shares offered, bringing the QIB subscription level to 0.00 times. This suggests institutional participation has not picked up in the early stages of the bidding window.

Total Subscription Stands at 0.96 Times with One More Day Remaining

The total subscription for the PropShare Titania IPO stood at 0.96 times, with 4,294 shares bid for against the total 4,493 shares on offer. While NII participation has increased sharply since Day 1 (which saw just 0.36 times NII subscription), overall subscription levels are still below full subscription with one day left for bidding.

Day-Wise Trend Shows Higher Interest from NII Segment

On Day 1 (21 July 2025), the IPO recorded 0.09 times total subscription, driven entirely by the NII segment with 0.36 times. By Day 4 (24 July 2025), this figure increased to 0.96 times, solely due to a rise in bids from the NII segment. The retail and QIB segments have not seen active participation yet.

PropShare Titania IPO: Issue Structure and Key Information

PropShare Titania IPO is a bookbuilding issue of ₹473 crore, comprising a fresh issue only. The price band is set between ₹10,00,000 and ₹10,60,000 per share, with a lot size of 1 share, making the minimum investment ₹10,60,000 for all investors.

The IPO opened on 21 July 2025 and will close on 25 July 2025, with final allotment expected on 30 July 2025. Refunds and demat credits are scheduled for 31 July 2025, and listing is planned for 4 August 2025 on the BSE.

Use of Funds Planned for Acquisition and Debt Repayment

According to the company’s filing, the proceeds from the issue will be used for the acquisition of Titania SPV, and to provide a loan to redeem its debenture liabilities. A portion will also be allocated for general purposes.

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