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Business

Property Share eyes Rs 485-cr via IPO

hellohimachalse@gmail.com 08 Aug 2026 2 hours ago

New Delhi: Property Share Investment Trust, the country’s first registered Small and Medium Real Estate Investment Trust (SM REIT), has filed draft IPO papers for its fourth scheme — PropShare Lumina — with an issue size of up to Rs 485 crore.

The offering would give retail investors access to commercial assets historically restricted to institutional buyers. “The Trust by way of PropShare Lumina is issuing Lumina units for cash aggregating up to Rs 4,846.80 million,” Property Share Investment Trust said.

Through its fourth scheme, PropShare Lumina, the Trust offers a stake in two towers at the OESPL Business Centre located in Noida. PropShare Lumina has a super built-up area of 4,37,025 sq ft and is 100 per cent leased to a diversified portfolio of 19 tenants.

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