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15 Apr 2026
PropShare Celestia, the third small and medium REIT scheme of Property Share Investment Trust (REIT), has attracted 79 percent subscription for its IPO in the last two days till April 13, supported majorly by non-institutional investors.
The initial public offering (IPO) of 2,323 units has seen bids for 1,836 units, of which the 1,543 units were subscribed by non-institutional investors resulting into a 2.66 times their reseved portion.
Institutional investors picked 17 percent units of their allotted quota.
The Rs 245-crore IPO will remain open till April 16, with price band of Rs 10 lakh-10.5 lakh per unit.
PropShare Celestia intends to spend Rs 237.9 crore of proceeds from the IPO to provide loans to Celestia SPVs (special purpose vehicles) and to subscribe the equity shares and optionally convertible debentures to be issued by the Celestia SPVs, for acquisition of the project Celestia by Celestia SPVs, and reimbursement or direct payment.
And the remaining IPO funds will be utilised for general purposes and issue expenses.
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PropShare Celestia that offers seven floors of Stratum at Venus Grounds, a Grade A+ mixed-use commercial building in Nehru Nagar, Ahmedabad.
In the past, two small and medium REIT schemes – PropShare Platina and PropShare Titania, from Property Share Investment Trust already listed on the BSE in December 2024 and August 2025, respectively.
PropShare Celestia will finalise IPO share allotment by April 17, while its units will be listed on the BSE on April 24.
