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.