IPO Calendar: 3 IPOs, 8 listings to keep primary market busy next week

As we approach the end of the calendar year, the primary market is taking a breather with no issues scheduled in the mainboard segment for next week. However, the SME segment will see three issues including that of Property Share Investment, Nisus Finance Services and Emerald Tyre Manufacturers.

Apart from these new IPOs, the Street will see 8 listings including that of Suraksha Diagnostic, which is currently open for public subscription.

Here's what to look forward to on the IPO front next week

Property Share Investment REIT IPO

The REIT IPO of Property Share Investment Trust (PSIT), India’s first registered small and medium real estate investment trust, will open for subscription on December 2. The issue will be available for bidding till December 4.

Property Share is launching an REIT IPO for PropShare Platina, which is the first scheme under PSIT. Small and medium REITs are a new asset class regulated by the Sebi as a sub-class within the REIT framework for assets valued between Rs 50-500 crore.

Suraksha Diagnostic IPO Day 1: GMP, Price Band, Subscription, Key Dates and Review

PropShare Platina comprises 246,935 sf of office space in Prestige Tech Platina, a LEED Gold office building located on Outer Ring Road (ORR), Bangalore proposed to be fully leased to a US-based tech company through a fresh 9-year lease with a 4.6 year weighted average lock-in and 15% escalation in rents every 3 years.

For the first scheme, the investment manager, PropShare Investment Manager has decided to waive off all annual management expenses for FY25 and FY26 and will charge a nominal fee of 0.25% in FY27 and 0.3% from FY28 onwards.

Property Share will also invest a minimum 5% of the units of the scheme or Rs 17.6 crore from its capital into the offering as the IM contribution. The IPO is entirely a fresh issue of Platina units with no offer for sale component.

Nisus Finance IPO

The Rs 114 crore SME IPO of Nisus Finance will kick-off from December and will close on December 6. The company has fixed a price band of Rs 170-180 per share.

Nisus Finance Services offers financial services such as transaction advisory services, fund and asset management, private equity and venture debt and capital solutions to corporate clients.

Emerald Tyre Manufacturers IPO

Emerald Tyre Manufacturers plans to raise around Rs 49 crore through its IPO, which will open on December 5. The issue, which closes on December 9, is priced in the range of Rs 90-95 apiece.

Emerald Tyre Manufacturers specializes in manufacturing, supplying, and servicing a wide range of tyres. The company offers its products under the brand name "Greckster".