PropShare Platina REIT Crowned Most Expensive Stock

PropShare Platina REIT Crowned Most Expensive Stock

PropShare Platina REIT has stormed in, claiming the title of the priciest stock with a jaw-dropping debut at ₹10.5 lakh per unit. PropShare Platina is the first to feature the sleek new SM REIT license, thanks to SEBI’s regulations introduced in March 2024. Focused on bite-sized, high-impact real estate plays, SM REITs are tailored for investors who want a piece of the action without diving into mammoth portfolios. Think ₹50-500 crore market caps and single-property specialization, not the sprawling diversification of traditional REITs. The buzz around PropShare Platina’s ₹353 crore issue was electric—it sold out fast, oversubscribed 1.19 times during its December 2-4 window.