In addition to this new IPO, Street will see 8 listings, including Security Diagnostics, which is currently open for public subscription.
Here’s what to expect on the IPO front next week
Property Share Investment REIT IPO
The REIT IPO of Property Share Investment Trust (PSIT), India’s first listed small and medium real estate investment trust, will open for subscription on December 2. The issue will be available for bidding till December 4.
Property Share is launching a REIT IPO for Propshare Platina, the first scheme under PSIT. Small and medium REITs have been approved by SEBI for Rs. There is a new asset class regulated as a sub-class within the REIT structure for assets worth Rs 50-500 crore.
Security Diagnostics IPO Day 1: GMP, Price Band, Subscription, Key Dates and Review
Propshare Platina comprises 246,935 sf of office space in Prestige Tech Platina, a LEED Gold office building located on the Outer Ring Road (ORR), Bangalore, which proposes to fully lease to a US-based tech company through a new 9-year lease with 4.6 is Year weighted average lock-in and 15% increase in rent every 3 years.
For the first scheme, the investment manager, Propshare Investment Manager, has decided to waive all annual management charges for FY25 and FY26 and will charge a nominal fee of 0.25% in FY27 and 0.3% from FY28 onwards.
Property share is also at least 5% of the unit of the scheme or its capital of Rs. 17.6 crore IM will invest in the offering as contribution. An IPO is purely a fresh issue of platinum units with no offer for sale component.
Nisus Finance IPO
Nisus Finance Rs. 114 crore SME IPO will start from December and close on December 6. The company paid Rs. A price band of 170-180 has been fixed.
Nisus Finance Services offers financial services such as transaction advisory services, fund and asset management, private equity and venture debt and capital solutions to corporate clients.
IPO of Emerald Tire Manufacturers
Emerald Tire Manufacturers through its IPO raised around Rs. 49 crore plans to raise, which will open on December 5. The issue, which will close on December 9, is priced at Rs. is in the range of 90-95.
Emerald Tire Manufacturers specializes in manufacturing, supplying and servicing a wide range of tyres. The company offers its products under the brand name “Greckster”.
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