PropShare Titania IPO open date is July 21, 2025 and the IPO will close on July 25, 2025.
The company reported revenue of ₹40.07 crores and profit of ₹8.97 crores in 2025.
PropShare Titania was established on Feb 21, 2025, under Property Share Investment Trust (PSIT) as its second scheme registered in India.
PropShare Titania is a small and medium real estate investment trust (SM REIT) registered under SEBI’s REIT regulations. It operates as an irrevocable trust set up under the Indian Trusts Act, 1882. The sponsor is PropShare Investment Manager Pvt. Ltd., headquartered in Bangalore.
PropShare Titania IPO Details
| IPO Open Date: | July 21, 2025 |
| IPO Close Date: | July 25, 2025 |
| Face Value: | ₹0 Per Equity Share |
| IPO Price Band: | ₹10,00,000 to ₹10,60,000 Per Share |
| Issue Size: | Approx ₹473 Crores |
| Fresh Issue: | Approx ₹473 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 25% |
| DRHP Draft Prospectus: | Click Here |
Dates Calendar of PropShare Titania IPO
The PropShare Titania IPO date is July 21 and the close date is July 25. The PropShare Titania IPO allotment will be finalized on July 30 and the IPO listing on August 4.
| IPO Open Date: | July 21, 2025 |
| IPO Close Date: | July 25, 2025 |
| Basis of Allotment: | July 30, 2025 |
| Refunds: | July 31, 2025 |
| Credit to Demat Account: | July 31, 2025 |
| IPO Listing Date: | August 4, 2025 |
PropShare Titania Business Overview
Focused on owning income-generating commercial real estate leased to Fortune 500 and MNC tenants. PropShare Titania intends to acquire 100% of the Titania SPV (Eranthus Developers Pvt. Ltd.), which owns six fully leased floors of G Corp Tech Park, Thane (Mumbai Metropolitan Region), totaling 4,37,973 sq. ft. Tenants include Aditya Birla Capital, Concentrix, and a Fortune 500 healthcare company. All leases are long-term with WALE of 3.3 years and 100% occupancy.
Industry & Market Overview
Thane emerging as a major office hub with competitive rents and growing demand. According to the JLL report, Thane is growing into a key commercial office destination with strong tenant demand due to affordable rentals, high-quality infrastructure, and improved connectivity. The India office space market has shown resilience post-COVID, with stable occupancy rates in Grade A+ commercial properties, especially in MMR.
PropShare Titania IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹310.70 | ₹50.08 | ₹35.66 | ₹283.00 |
| 2024 | ₹346.65 | ₹60.82 | ₹51.12 | ₹276.91 |
| 2025 | ₹400.66 | ₹66.38 | ₹89.69 | ₹284.37 |
PropShare Titania IPO Valuation – FY2025
Check PropShare Titania IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 0.10 |
| ROCE: | 0.12 |
| EBITDA Margin: | 84.61% |
| PAT Margin: | -% |
| Debt to equity ratio: | 1.74 |
| Earning Per Share (EPS): | ₹- (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -% |
| Net Asset Value (NAV): | ₹- |
Objects of the Issue
(i) Acquiring 100% equity of Titania SPV;
(ii) Providing a loan to Titania SPV to redeem outstanding debentures (OCDs);
(iii) General corporate purposes.
Cash Flow Analysis
Positive cash flow expected from operations supported by 100% lease occupancy.
Operating cash flows are projected to be positive across FY26 to FY28 due to high occupancy and stable rental income. Low Total Expense Ratios (under 1%) indicate high cash conversion. There’s no indication of a mismatch between net profits and cash flows.
PropShare Titania IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: propshare.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
Company Address
PropShare Titania
16th Floor,
SKAV Seethalakshmi,
21/22, Kasturba Road
Bangalore Urban, Karnataka, 560001
Phone: 80 3100 3902
Email: compliance.officer@propertyshare.in
Website: http://www.psreit.in/
PropShare Titania IPO FAQs
What is PropShare Titania SM REIT?
A small and medium real estate investment trust (SM REIT) investing in income-generating office space.
When PropShare Titania IPO will open for subscription?
The IPO is to open on July 21, 2025 for QIB, NII, and Retail Investors. The IPO will close on July 25, 2025.
What is PropShare Titania IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 25%, and Retail is 00%.
What is PropShare Titania IPO Issue Size?
PropShare Titania IPO issue size is ₹473 crores.
What is PropShare Titania IPO Price Band?
PropShare Titania IPO Price Band is ₹10,00,000 to ₹10,60,000.
What is PropShare Titania IPO Lot Size?
The minimum bid is 1 Shares with ₹10,60,000 amount.
What is the PropShare Titania IPO Allotment Date?
PropShare Titania IPO allotment date is July 30, 2025.
What is the PropShare Titania IPO Listing Date?
PropShare Titania IPO listing date is August 4, 2025. The IPO is to list on BSE.