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PROPERTY SHARE INVESTMENT TRUST- PROPSHARE CELESTIA IPO

UPCOMING

IPO Details

10th Apr 2026
16th Apr 2026
1
₹ 10,00,000
₹ 10 Lakh - 10.5 Lakh
₹ 245 Crore

Issue timeline

  • 10-16 Apr 2026
  • 17-Apr-2026
  • 20-Apr-2026
  • 20-Apr-2026
  • 24-Apr-2026

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

About Company

Property Share Investment Trust is a SEBI-registered SM REIT managed by PropShare Investment Manager Private Limited. The "PropShare Celestia" is the third scheme launched by Property Share Investment Trust, India’s first SEBI-registered small and medium REIT, that specifically targets the acquisition of "The Celestia," a commercial office space located in a primary business district. This scheme offers investors access to seven floors within Stratum @ Venus Grounds, a Grade A+ mixed-use commercial development featuring a distinctive atrium, located in the prime Nehru Nagar, Ahmedabad.

The project spans across an area of 2,07,838 sq. ft. and includes three managed offices and co-working operators—Smartworks Coworking Spaces Limited, EFC Limited (both publicly listed), and Paragraph Khajanchi Business Centre LLP, one of Ahmedabad’s leading co-working providers and Swedish publicly listed telecommunications multinational.

The business model involves acquiring completed, income-generating commercial real estate and distributing at least 95% of the net distributable cash flows to unit holders. The Investment Manager is responsible for identifying assets, managing the Special Purpose Vehicle (SPV) that holds the property, and overseeing lease management and property maintenance. The Trustee for the SM REIT is Kfin Technologies Limited.

Objectives

Acquisition of the Asset: Direct or indirect acquisition of the identified commercial property, The Celestia
General Scheme Purposes: Funding initial expenses and working capital requirements related to the scheme's operations.

Strengths & Risks

Strengths (4)

Identified Asset Base: The scheme is launched to acquire a specific, identified commercial property with existing lease agreements.

Risks (4)

Asset Concentration: The scheme is focused on a single asset; any damage or decline in the valuation of "The Celestia" will directly impact the entire investment.

Property Share Investment Trust- Propshare Celestia IPO FAQs

What is the PropShare Celestia IPO date?

The PropShare Celestia IPO is scheduled to open for public subscription on April 10, 2026, and close on April 16, 2026.

The price band for PropShare Celestia IPO has been fixed in the range of ₹10L to ₹10.5L per equity share.

The minimum lot size for PropShare Celestia IPO is 1 shares.

The shares are proposed to be listed on the BSE.

The finalization of Basis of Allotment for PropShare Celestia IPO will be done on April 17, 2026, and the allotted shares will be credited to your demat account by Apr 20, 2026.

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*The financials mentioned above are sourced from DRHP/ RHP documents.