PropShare Platina IPO Launches Soon

27 Nov 2024 CW Team

India’s first Small and Medium Real Estate Investment Trust (SM-REIT), Property Share Investment Trust (PSIT), announced the launch of the ?353 crore PropShare Platina IPO, slated to open on December 2, 2024, and close on December 4. This debut scheme under SM-REIT is expected to redefine real estate investment opportunities in India.

The IPO, fully comprised of fresh Platina unit issuances with no Offer for Sale (OFS), is priced between ?10 lakh and ?10.5 lakh per unit. The funds raised will primarily facilitate the acquisition of Prestige Tech Platina, a LEED Gold-certified office building located on Outer Ring Road (ORR), Bengaluru.

Spanning 2,46,935 square feet, Prestige Tech Platina is poised to become a prime asset with its 9-year lease to a US-based tech company, featuring a 4.6-year weighted average lock-in period and 15% rent escalations every 3 years. The IPO offers an attractive distribution yield, projected at 9% for FY26, 8.7% for FY27, and 8.6% for FY28, combining regular rental income with potential capital appreciation.

According to Kunal Moktan, Director of Property Share, SM-REITs like PropShare Platina offer a unique hybrid investment model that balances regular income and long-term growth, making it an ideal choice for alternative asset seekers. Hashim Khan, another director, emphasized the direct investment model, which allows investors to choose specific assets, tenants, and markets, empowering them in the decision-making process.

The IPO will be managed solely by ICICI Securities, with the units proposed to be listed on the BSE. This development marks a significant milestone in Indian real estate, introducing innovative investment opportunities tailored to modern financial portfolios.

Equipment

18 Dec 2025

26th Cable TV Show 2025 Opens in Kolkata

The 26th CABLE TV SHOW 2025, recognised as one of India’s largest trade exhibitions for digital cable television, broadband and OTT services in the SAARC region, was recently inaugurated at Biswa Bangla Mela Prangan, Milan Mela, Kolkata. The show was formally opened by the Chief Guest, Subhas Agarwala, National Executive Chairman, Confederation of All India Traders (CAIT). Open to visitors through on-site registration, the three-day event runs until 19 December 2025 and is expected to attract over 100,000 footfalls. Organised by the Kolkata-based Cable TV Equipments Traders & Manufacturers ..

Hindustan Zinc Strengthens Global Standing with Key Certifications

Hindustan Zinc, the world’s largest and India’s only integrated producer of zinc, lead and silver, has reinforced its global credibility by securing a comprehensive range of international and national certifications. These include REACH compliance for the European Union, certification from the Bureau of Indian Standards (BIS), and the globally recognised London Bullion Market Association (LBMA) Good Delivery accreditation for silver, along with several other internationally benchmarked standards. Collectively, these recognitions underscore the company’s focus on delivering high-purity, s..

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..