Property Share Files For Rs 472-Cr IPO

New Delhi: Property Share Investment Trust, India’s first registered Small and Medium Real Estate Investment Trust (SM REIT), has filed a draft document for a Rs 472 crore Initial Public Offering (IPO) of PropShare Titania, its second SM REIT scheme.

The IPO comprises a fresh issue of Titania units with no Offer For Sale (OFS)component, Property Share Investment Trust said in a statement on Thursday.