CAM Advises on PropShare Titania IPO as Indian Legal Counsel

India’s first SEBI-registered small and medium real estate investment trust (Property Share Investment Trust) has successfully launched its PropShare Titania IPO, raising INR 4,730 million. CAM served as the Indian legal counsel for the transaction.

ReitIpoPropshare TitaniaCamReal Estate InvestmentReal EstateAug 05, 2025

CAM Advises on PropShare Titania IPO as Indian Legal Counsel
Real Estate:India’s first SEBI-registered small and medium real estate investment trust (Property Share Investment Trust) (“SM REIT”), has filed the scheme offer documents and launched an initial public offering (IPO) of its second scheme, PropShare Titania. The IPO aims to raise INR 4,730 million, in compliance with the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, as amended (REIT Regulations).

The IPO has been oversubscribed 1.61 times overall and 6.42 times for the non-institutional investors portion. This significant oversubscription highlights the market's confidence in the PropShare Titania scheme and the broader real estate investment trust (REIT) sector in India.

CAM, a leading law firm in India, served as the Indian legal counsel to the SM REIT and PropShare Investment Manager Private Limited (Investment Manager) in relation to the IPO of PropShare Titania. The units of PropShare Titania have been listed on BSE Limited on August 4, 2025, marking a significant milestone in the Indian real estate market.

The transaction was led by Kranti Mohan, Partner and Head of REITs and InvITs at CAM, with support from Subham Jain (SA – Designate), Parikha Rathi (Associate), and Anshum Agarwal (Associate). The general corporate team, comprising Pranjita Barman (Partner), Subhalaxmi Hota (Associate), and Saakshi Tibrewal (Associate), provided additional expertise. Jinal Mehta, Partner, with support from Anjali Kadam (Consultant), advised on the real estate aspects of the transaction.

This successful IPO underscores the growing importance of REITs in the Indian real estate market, providing a new avenue for investors to participate in high-quality real estate projects. The PropShare Titania IPO is expected to attract more investors and further stimulate the growth of the REIT sector in India.

CAM’s involvement in this transaction demonstrates its expertise and commitment to providing comprehensive legal services in the real estate and investment trust sectors. The firm’s deep understanding of regulatory requirements and market dynamics has been crucial in ensuring the smooth execution of the PropShare Titania IPO.

For more information on the PropShare Titania IPO and the role of CAM, please visit the official website of PropShare Investment Trust and CAM.

Frequently Asked Questions

What is PropShare Titania?

PropShare Titania is the second scheme launched by Property Share Investment Trust (SM REIT), a SEBI-registered small and medium real estate investment trust. The scheme aims to raise INR 4,730 million through an initial public offering (IPO).

Who is the Indian legal counsel for PropShare Titania IPO?

CAM (Cyril Amarchand Mangaldas) served as the Indian legal counsel for the PropShare Titania IPO, advising the SM REIT and PropShare Investment Manager Private Limited.

How was the subscription for the PropShare Titania IPO?

The PropShare Titania IPO was oversubscribed 1.61 times overall and 6.42 times for the non-institutional investors portion, indicating strong market interest.

When were the units of PropShare Titania listed on BSE Limited?

The units of PropShare Titania were listed on BSE Limited on August 4, 2025.

What is the significance of the PropShare Titania IPO for the Indian real estate market?

The PropShare Titania IPO is significant as it provides a new avenue for investors to participate in high-quality real estate projects, thereby stimulating the growth of the REIT sector in India.

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