PropShare Celestia IPO | The public issue has received bids for 3,090 units in last four days since April 10, against the offer size of 2,323 units. Non-institutional investors provided the biggest support to the public issue, bidding 4.81 times their allotted quota, while the portion set aside for institutional investors was subscribed 17 percent. PropShare Celestia, the third scheme set up by Property Share Investment Trust in December 2025, reserved 75 percent of the offer size for institutional investors and the remaining 25 percent for non-institutional investors.

PropShare Celestia IPO subscribed 1.33 times on final day, listing likely next week

Property Share Investment Trust-owned PropShare Celestia's maiden public issue has attracted decent response from investors, subscribing 1.33 times on April 16, the final day of bidding.

The initial public offering (IPO) has received bids for 3,090 units in last four days since April 10, against the offer size of 2,323 units, as per the subscription data available with the BSE.

Non-institutional investors provided the biggest support to the public issue, bidding 4.81 times their allotted quota, while the portion set aside for institutional investors was subscribed 17 percent.

PropShare Celestia, the third scheme set up by Property Share Investment Trust in December 2025, reserved 75 percent of the offer size for institutional investors and the remaining 25 percent for non-institutional investors.

The IPO share allotment will be finalised by April 17, while the trading in PropShare Celestia units will commence on the BSE on April 24.

The price band for the maiden public issue was Rs 10 lakh - Rs 10.5 lakh per unit.

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PropShare Celestia offers investors seven floors of Stratum at Venus Grounds, a Grade A+ mixed-use commercial building in prime Nehru Nagar, Ahmedabad, having a 2,07,838 square feet area. It is a 100 percent occupied by four tenants, including three managed-office operators (Smartworks Coworking Spaces, EFC, and Paragraph Khajanchi Business Centre LLP, and a Swedish based listed telecommunications MNC), and 10 occupiers (including 3 Fortune Global 500 companies, Tech Mahindra, US-based leading professional services firm, and Indian private sector bank).

Celestia managed by investment manager PropShare Investment Manager will utilise Rs 237.9 crore of the total Rs 244.65 crore IPO proceeds for providing the loan to Celestia SPVs (special purpose vehicle) for acquiring the portion of the project Celestia. And the remainder funds for offer expenses, and general corporate expenses of the Celestia SPVs.

PropShare Celestia proposed to have six SPVs under its structure (Celestia SPVs) - Cendrix Realty, Crestmont Realty, Dhrivya Estates, Magnivio, Samvrid Realty, and Stathos.

In the past, AltInvest Online Platform-owned PropShare Investment Manager had launched two schemes - PropShare Platina in December 2024, and PropShare Titania in August 2025 which raised Rs 353 crore, and Rs 473 crore respectively via IPOs.

AltInvest Online Platform is backed by some prominent institutional investors including Westbridge Capital, Lightspeed India, BEENEXT and Pravega Ventures.