PropShare Titania SM REIT IPO Allotment Status: Here's How Investors Can Check Online
By Shishta Dutta | Updated at: Jul 23, 2025 04:36 PM IST
Mumbai, July 23, 2025: The ₹473 crore Initial Public Offering (IPO) of PropShare Titania SM REIT, India’s second publicly listed small and medium real estate investment trust (SM REIT), is currently open for subscription. As of 2:10 PM IST on 23 July 2025, the IPO has observed strong demand from High Net-worth Individuals (HNIs) but a more subdued response from institutional investors. The IPO, which commenced on 21 July, is set to close on Friday, 25 July, with allotment finalisation expected by 30 July 2025.
Allotment Date & Listing Timeline
Investors can check their allotment status starting 30 July via the official registrar’s portal. The demat credit of units and refund initiation are scheduled to begin from 31 July. The units are anticipated to list on BSE on Monday, 4 August 2025.
How to Check PropShare Titania SM REIT IPO Allotment Status:
- Via Registrar Website (KFintech):
- Visit the KFintech allotment page: https://ris.kfintech.com/ipostatus/
- Select ‘PropShare Titania SM REIT’ from the dropdown list.
- Enter your PAN, Application Number, or DP/Client ID.
- Fill in the captcha and click Submit.
- Via BSE Website:
- Go to https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ under Issue Type.
- Choose ‘PropShare Titania SM REIT’ from the dropdown.
- Enter your Application Number and PAN.
- Confirm you’re not a robot and click ‘Search’.
IPO Details
| Particulars | Information |
|---|---|
| Issue Size | ₹473 crore |
| Price Band | ₹10,00,000 – ₹10,60,000 per unit |
| Minimum Investment | ₹10 lakh (1 Unit) |
| IPO Open | July 21, 2025 |
| IPO Close | July 25, 2025 |
| Allotment | July 30, 2025 |
| Refund Initiation | July 31, 2025 |
| Demat Credit | July 31, 2025 |
| Listing | August 4, 2025 (BSE) |
Subscription Status (As of July 23, 2025 – 3:15 PM IST)
| Category | Units Offered | Units Bid | Subscription (x) |
|---|---|---|---|
| Institutional Investors | 3,369 | – | 0.00× |
| Other Investors (HNIs/Corporates) | 1,124 | 2,274 | 2.02× |
| Total | 4,493 | 2,274 | 0.51× |
Since the minimum subscription amount is ₹10,00,000, the allotment status excludes retail investors who can only invest up to ₹2,00,000.
Asset Profile & Yield Outlook
The PropShare Titania SM REIT scheme includes a fully leased 4.37 lakh sq. ft. office property located in G Corp Tech Park, Thane. The property boasts a strong tenant roster, including prominent names such as Aditya Birla Capital, Concentrix, a Fortune 500 healthcare firm, and Hitachi Payment Services. The REIT projects an attractive yield of 9% for FY26 to FY28. The asset has a Weighted Average Lease Expiry (WALE) of 3.2 years and features 5% annual rent escalations, providing stability and predictable income streams for investors.
Road Ahead
With the institutional response still awaited, the next two days will be crucial. The asset’s strong fundamentals, premium tenant mix, and attractive yield could draw in more sophisticated investors as the closing date nears. If fully subscribed, this REIT could set a precedent for SM REITs as an emerging investment avenue in India.
About PropShare Titania SM REIT
PropShare Titania represents the second scheme under the Property Share Investment Trust, which holds the distinction of being India’s first SEBI-registered SM REIT. The trust is managed by PropShare Investment Manager Pvt Ltd. The platform previously launched PropShare Platina in December 2024, which became India’s first SM REIT to be listed. The parent entity, AltInvest Online Platform Pvt Ltd, has a robust track record, having built a portfolio of ₹17,080 crore across 1.48 million sq. ft. of leased commercial real estate and successfully distributed over ₹4,366 crore to its investors.
REF: https://www.propertyshare.in/documents/pdf/ipo-information/propshare-titania/key_information_of_the_scheme.pdf
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