Property Share Investment Trust- Propshare Platina IPO

The IPO opens on 02 Dec 2024 & closes on 04 Dec 2024.

The Property Share Investment Trust (REIT) is India's first registered Small and Medium Real Estate Investment Trust. The object and purpose of the REIT is to carry on the activity of a small and medium real estate investment trust through one or more Schemes, as permitted under the REIT Regulations. Each Scheme may have its own investment objectives, in accordance with the REIT Regulations. The Property Share Investment Trust was settled on June 27, 2024, at Bangalore, Karnataka, India as contributory, determinate and irrevocable trust under the provisions of the Indian Trusts Act, 1882, pursuant to a trust deed dated June 27, 2024 as amended on July 19, 2024. The Property Share Investment Trust was registered with SEBI on August 5, 2024 as a small and medium real estate investment trust under Regulation 26L (1) of the REIT Regulations. The Property Share Investment Trust has been settled by the Investment Manager for an aggregate initial sum of Rs 0.02 million. Also, the first scheme of the Trust i.e. PropShare Platina has been settled by the Investment Manager. REITs were one of the first forms of fractional ownership in India. The PropShare Platina is the first scheme of the REIT and includes commercial office spaces in Bangalore. The introduction of the SM REIT regulations to formalise the nascent Fractional Ownership space adds another dimension to the REIT market, further enhancing the depth of the real estate sector.

Property Share Investment Trust- Propshare Platina IPO will close on 04 Dec 2024.

<ul><li>Grade A, LEED Gold asset built by one of India's leading developers, The Prestige Group.</li><li>Located on the Outer Ring Road, Bangalore's largest office market.</li><li>100% proposed lease to a US-based technology company.</li><li>Stable cash flows from a long 9-year lease and a 3-7 year staggered lock-in period under the proposed lease.</li><li>Inflation linked cash flows with contracted escalations every 3 years under the proposed lease.</li></ul>

No risks available.

<ul><li>Its revenues, results of operations, cash flows and financial condition may be adversely affected by low occupancy and rent levels of its commercial office spaces.</li><li>Any future proposals to upgrade existing projects in its SPVs may be exposed to a number of risks and uncertainties which may adversely affect the company's business, financial condition, results of operations and cash flows.</li><li>Tenant leases across its SPVs are subject to certain risk of default, non-renewal, early termination, adequate stamp duty payment, regulatory or legal proceedings or changes in applicable laws or regulations, thereby impacting leasing and other income.</li><li>The company may be subject to risks inherent in acquiring ownership interests in properties which are part of a larger development or which share or have common areas.</li><li>If the Indian real estate market weakens, its business, financial condition, results of operations and cash flows may be adversely affected.</li><li>The valuation reports obtained for its SPVsare based on various assumptions and may not be indicative of the true value of the company's assets.</li><li>The company may be required to record significant charges to earnings in the future when its review the company's SPVs for potential impairment.</li><li>The title and development rights or other interests over land where assets are located, and/or rights and interests in our SPVs may be subject to legal uncertainties and defects, which may interfere with its ownership of the SPVs and result in the company incurring costs to remedy and cure such defects.</li><li>The company may faces certain risks relating to its reliance on third party operators in operating and managing the company assets and on contractors and third parties in upgradation of its projects that may adversely affect the company reputation, business, financial condition, results of operations and cash flows.</li><li>The company may not be able to achieve profitability and its can provide no assurance of the company's future operating results. </li><li>The company may not be able to achieve profitability and its can provide no assurance of the company's future operating results.</li><li>If the company is unable to maintain relationships with other stakeholders of its SPVs, the company financial conditions and results of operation may be adversely affected.</li><li>If the company is unable to maintain relationships with other stakeholders of its SPVs, the company financial conditions and results of operation may be adversely affected.</li><li>The company is exposed to a variety of risks associated with safety, security and crisis management. </li><li>The company is exposed to a variety of risks associated with safety, security and crisis management.</li><li>Inadequate property asset management could reduce the attractiveness of its SPVs and as a result, adversely affect the company's business, financial condition, results of operations and cash flows.</li><li>Inadequate property asset management could reduce the attractiveness of its SPVs and as a result, adversely affect the company's business, financial condition, results of operations and cash flows.</li><li>The company track certain operational metrics with internal systems and tools, or that are based on management estimates and information provided by its tenants. Such metrics are subject to inherent challenges in measurement and may be incomplete or unreliable, which may adversely affect its business and reputation.</li><li>The company track certain operational metrics with internal systems and tools, or that are based on management estimates and information provided by its tenants. Such metrics are subject to inherent challenges in measurement and may be incomplete or unreliable, which may adversely affect its business and reputation.</li><li>Non-compliance with, and changes in, environmental, health and safety laws and regulations could adversely affect the operations and maintenance of its properties and the company financial condition.</li><li>Non-compliance with, and changes in, environmental, health and safety laws and regulations could adversely affect the operations and maintenance of its properties and the company financial condition.</li><li>Its may be adversely affected if the SPVs are unable to obtain, maintain or renew all regulatory approvals that are required for their respective business.</li><li>Its may be adversely affected if the SPVs are unable to obtain, maintain or renew all regulatory approvals that are required for their respective business.</li><li>Its SPVs are subject to ongoing compliance requirements under various laws, and there may be instances of non-compliance.</li><li>Its SPVs are subject to ongoing compliance requirements under various laws, and there may be instances of non-compliance.</li><li>There may be conflicts of interests between the Lead Manager and/or their associates and affiliates and the Investment Manager, the Trustee and/or their respective associates/affiliates.</li><li>There may be conflicts of interests between the Lead Manager and/or their associates and affiliates and the Investment Manager, the Trustee and/or their respective associates/affiliates.</li><li>The company may not be able to successfully meet working capital or capital expenditure requirements of its SPVs due to the unavailability of funding on acceptable terms.</li><li>The company may not be able to successfully meet working capital or capital expenditure requirements of its SPVs due to the unavailability of funding on acceptable terms.</li><li>The assets in its SPVs may be subject to increases in direct expenses and other operating expenses. Renovation work, repair and maintenance or physical damage to the assets in its SPVs may disrupt the company's operations and collection of revenue from lease rentals or otherwise result in an adverse impact on its financial condition and results of operation.</li><li>The assets in its SPVs may be subject to increases in direct expenses and other operating expenses. Renovation work, repair and maintenance or physical damage to the assets in its SPVs may disrupt the company's operations and collection of revenue from lease rentals or otherwise result in an adverse impact on its financial condition and results of operation.</li><li>Unfavorable media coverage could harm its brand, business, financial condition, cash flows and results of operations.</li><li>Unfavorable media coverage could harm its brand, business, financial condition, cash flows and results of operations.</li><li>The Property Share Investment Trust does not own the trademark "Property Share Investment Trust" and the associated logo to be used by its for the company's business and its ability to use the trademark may be impaired.</li><li>The Property Share Investment Trust does not own the trademark "Property Share Investment Trust" and the associated logo to be used by its for the company's business and its ability to use the trademark may be impaired.</li><li>If the company is unable to compete effectively, its business, financial condition, results of operations and cash flows may be adversely affected.</li><li>If the company is unable to compete effectively, its business, financial condition, results of operations and cash flows may be adversely affected.</li><li>Its operating results may differ significantly from period to period which may adversely affect the company's business and financial condition. </li><li>Its operating results may differ significantly from period to period which may adversely affect the company's business and financial condition.</li><li>The company's business may be adversely affected by the illiquidity of real estate investments.</li><li>The company's business may be adversely affected by the illiquidity of real estate investments.</li><li>Security and IT risks may disrupt its business, result in losses or limit the company's growth.</li><li>Security and IT risks may disrupt its business, result in losses or limit the company's growth.</li><li>The company does not provide any assurance or guarantee of any distributions to the Unitholders. Its may not be able to make distributions to Unitholders in the manner described in this Trust Offer Document and any scheme offer documents issued by the Trust or at all, and the level of distributions may decrease.</li><li>The company does not provide any assurance or guarantee of any distributions to the Unitholders Its may not be able to make distributions to Unitholders in the manner described in this Trust Offer Document and any scheme offer documents issued by the Trust or at all, and the level of distributions may decrease.</li><li>The REIT Regulations impose restrictions on the investments made by the company and requires it to adhere to certain investment conditions, which may limit its ability to acquires and/or dispose of assets or explore new opportunities. Further, the regulatory framework governing real estate investment trusts in India is relatively new.</li><li>The REIT Regulations impose restrictions on the investments made by the company and requires it to adhere to certain investment conditions, which may limit its ability to acquires and/or dispose of assets or explore new opportunities. Further, the regulatory framework governing real estate investment trusts in India is relatively new.</li><li>The company and parties associated with it are required to maintain the eligibility conditions specified under REIT Regulations as well as the Certificate of Registration on an ongoing basis. Its may not be able to ensure such ongoing compliance by the Investment Manager and the Trustee, which could result in the cancellation of its registration.</li><li>The company and parties associated with it are required to maintain the eligibility conditions specified under REIT Regulations as well as the Certificate of Registration on an ongoing basis. Its may not be able to ensure such ongoing compliance by the Investment Manager and the Trustee, which could result in the cancellation of its registration.</li><li>The company depends on the Investment Manager and its personnel for its success and the company results of operations, financial condition, cash flows and ability to make distributions may be harmed if the Investment Manager fails to perform satisfactorily, for which its recourse may be limited. Its may not find a suitable replacement for the Investment Manager if the Investment Management Agreement is terminated or if key personnel cease to be employed by the Investment Manager or otherwise become unavailable to the company.</li><li>The company depends on the Investment Manager and its personnel for its success and the company results of operations, financial condition, cash flows and ability to make distributions may be harmed if the Investment Manager fails to perform satisfactorily, for which its recourse may be limited. Its may not find a suitable replacement for the Investment Manager if the Investment Management Agreement is terminated or if key personnel cease to be employed by the Investment Manager or otherwise become unavailable to the company.</li><li>Political, macroeconomic, demographic and other changes and natural disasters, fires, epidemics, pandemics, acts of war, civil unrest and other events could adversely affect economic conditions in India.</li><li>Political, macroeconomic, demographic and other changes and natural disasters, fires, epidemics, pandemics, acts of war, civil unrest and other events could adversely affect economic conditions in India.</li><li>Financial instability in other countries may cause increased volatility in Indian financial markets. </li><li>Financial instability in other countries may cause increased volatility in Indian financial markets.</li><li>A downgrade in ratings of India, may affect the trading price of the Units.</li><li>A downgrade in ratings of India, may affect the trading price of the Units.</li><li>It may not be possible for Unitholders to enforce foreign judgments. </li><li>It may not be possible for Unitholders to enforce foreign judgments</li><li>The company is subject to taxes and other levies imposed by the central and state governments in India, as well as other financial policies and regulations. Tax laws are subject to changes and differing interpretations, which may materially and adversely affect its operations and growth prospects.</li><li>The company is subject to taxes and other levies imposed by the central and state governments in India, as well as other financial policies and regulations. Tax laws are subject to changes and differing interpretations, which may materially and adversely affect its operations and growth prospects.</li><li>Investors may be subject to Indian taxes arising out of capital gains on the sale of Units. </li><li>Investors may be subject to Indian taxes arising out of capital gains on the sale of Units.</li><li>The company's business and activities may be regulated by the Competition Act, 2002 and any breach thereof may invite sanctions.</li><li>The company's business and activities may be regulated by the Competition Act, 2002 and any breach thereof may invite sanctions.</li><li>Compliance with the European Union Directive on Alternative Investment Fund Investment Managers and the United Kingdom Regulation on Alternative Investment Fund Investment Managers may increase administrative and regulatory burdens on the Investment Manager and the company.</li><li>Compliance with the European Union Directive on Alternative Investment Fund Investment Managers and the United Kingdom Regulation on Alternative Investment Fund Investment Managers may increase administrative and regulatory burdens on the Investment Manager and the company.</li></ul>

The Issue type of Property Share Investment Trust- Propshare Platina is Book Building-REITs.

The minimum application for shares of Property Share Investment Trust- Propshare Platina is 1.

The total shares issue of Property Share Investment Trust- Propshare Platina is 0.

Property Share Investment Trust by way of PropShare Platina is issuing up to 3361 Platina Units (as defined herein) for cash at a price of Rs. 1050000 per Platina Unit aggregating up to Rs. Up to 352.91 crores (the "Fresh Issue" or the "Offer"). Issue Price: Rs. 1050000 per platina unit