Propshare Titania IPO Upcoming

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To be announced
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About Propshare Titania

PropShare Titania is the second scheme launched by Property Share Investment Trust, India’s first SEBI-registered small and medium real estate investment trust. The scheme comprises office premises across six floors of G Corp Tech Park, a Grade A+ commercial property in Thane, Mumbai Metropolitan Region, with a leasable area of 437,973 sq. ft. The property is fully leased to a mix of tenants, including Aditya Birla Capital, Concentrix, a Fortune 500 healthcare company, and a Japanese multinational conglomerate. The Trust focuses on income-generating commercial real estate assets leased to established corporate tenants.

Financials of Propshare Titania

*All figures are in ₹ Crores.

Issue size

Funds Raised in the IPO Amount
Overall ₹472 crores

Strengths

  • Grade A+ campus-style development with LEED Platinum, WELL Health & Safety, and BEE 5-star certifications.
  • Business model includes embedded rental growth, stable cash flows, and mark-to-market potential.
  • Fully occupied by a diversified tenant base, including Fortune 500 companies, MNCs, and bluechip tenants such as Aditya Birla Capital and Concentrix.
  • Low market vacancy and projected 5-year rental CAGR of 5.6% for Grade A+ commercial assets in Thane, MMR.
  • Located ~300 metres from the upcoming Kasarvadavali metro station on Line 4 (Wadala to Gaimukh).
  • Managed by an experienced investment and asset management team, with governance oversight from a seasoned Board and prominent investor participation.

Risks 

  • Formation Transactions are pending and may affect the Issue.
  • Tax disputes of ₹629.61 million may impact financials.
  • Business is sensitive to real estate market fluctuations in Thane, MMR.
  • Revenue relies on a few key tenants and a single submarket.
  • Actual performance may differ from projections.
  • Asset valuation is indicative and assumption-based.
  • Competitive market may hinder growth execution.
  • Fund deployment lacks independent appraisal; subject to management discretion.