The price band for Titania Units is set between Rs 10.0 lakh and Rs 10.6 lakh per unit. Investors must bid for a minimum of 1 Titania Unit, with bids in multiples thereof. The minimum investment amount is Rs 10 lakh.
The PropShare Titania portfolio consists of 4.37 lakh sq ft of Grade A+ office space in G Corp Tech Park, Thane, within the Mumbai Metropolitan Region. The asset is 100% leased to a strong tenant base, including Aditya Birla Capital and Concentrix, with a projected distribution yield of 9.0% for FY26-FY28 and 8.7% for FY29.
The net proceeds from the IPO will be used for 217 crore to acquire the full equity of the Titania SPV as per the share purchase agreement, additionally, 232.94 crore to provide a loan to the SPV for redeeming debenture obligations (OCDs) including accrued interest. Remaining funds for general corporate purposes
Kunal Moktan, Co-founder of Property Share, said, “In today’s volatile equity markets, rent-yielding commercial properties like Titania offer a compelling investment opportunity through a transparent, institutional-grade platform.”
This IPO will be a fresh issue only, with no Offer for Sale component. It follows the book-building process in accordance with SEBI’s REIT Regulations (2014) and the updated Master Circular dated July 11, 2025. Up to 75% of the issue will be reserved for institutional investors, while 25% will be allocated to non-institutional investors.As per SEBI guidelines, Property Share will also invest at least 5% of the Titania Units from its own capital into the scheme.Hashim Khan, Co-founder of Property Share, said, “With PropShare Titania, investors get access to Grade A+ commercial real estate at an attractive entry point. SM REITs are revolutionizing how real estate is owned and traded in India, and we are proud to be leading this shift.”
The Titania Units are proposed to be listed on the BSE. Property Share launched India’s first SM REIT, PropShare Platina, which was listed on the BSE in December 2024.
SM REITs were introduced by SEBI in March 2024 to offer fractional ownership in income-generating real estate valued between Rs 50 crore and Rs 500 crore. These trusts are mandated to distribute 95% of earnings to investors, cannot invest in under-construction properties or land, and carry a minimum investment threshold of Rs 10 lakh.