PSIT Files Rs 472 Cr IPO for PropShare Titania, Its Second SM Reit Scheme

Property Share Investment Trust (PSIT) has filed a draft offer document for an initial public offering (IPO) of PropShare Titania, its second small and medium real estate investment trust (SM Reit) scheme. The offering, aggregating up to Rs 472 crore, is entirely a fresh issue and will be used primarily for acquiring the asset. The scheme offers a projected distribution yield of 9.0-9.1 per cent for FY26-FY28. The IPO is being made through the book-building process and will be available for institutional and non-institutional investors.