PropShare Celestia REIT came to market through an IPO that opened on 10 April 2026 and closed on 16 April 2026, and the shares listed on 24 April 2026 on BSE. The price band was ₹10,00,000 to ₹10,50,000 per share and one lot was 1 shares, so the minimum application was ₹10,50,000. The issue size was ₹244.65 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Ltd was the registrar to the issue, and Ambit Pvt.Ltd was the lead manager.
As of 16 April 2026.
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PropShare Celestia is the third scheme offered by Property Share Investment Trust, India's first SEBI registered small and medium REIT. This scheme provides investors with an opportunity to invest in seven floors of Stratum @ Venus Grounds, a Grade A+ mixed-use commercial building with a unique atrium design, in the prime location of Nehru Nagar, Ahmedabad. The project is spread across an area of 2,07,838 sq. ft.
and has three office and co-working space operators, namely, Smartworks Coworking Spaces Limited, EFC Limited, and Paragraph Khajanchi Business Centre LLP. These are publicly listed companies. Paragraph Khajanchi is one of the leading co-working space providers in Ahmedabad. They are also publicly listed in Sweden in the telecommunications space. The office and co-working space operators provide their space to 10 diversified end-users.
These include Tech Mahindra, a professional services firm with its presence in the US, an Indian private sector bank, a B2B e-commerce platform, a risk management and financial analytics firm, and a data analytics and business intelligence firm. Axis Trustee Services is the Trustee to the scheme and PropShare Investment Manager Pvt. Ltd. is the investment manager.
As described in the offer document.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
PropShare Celestia REIT was a ₹244.65 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹10,00,000–₹10,50,000 per share with a lot size of 1 shares (₹10,50,000). The IPO was open from April 10 to April 16, 2026 and was subscribed 1.33x. Shares listed on BSE on April 24, 2026 at ₹9,99,900.01, a 4.8% discount to the issue price of ₹10,50,000. Kfin Technologies Ltd. is the registrar. Ambit Pvt. Ltd. is the book running lead manager.
The price band of PropShare Celestia REIT is ₹1000000 to ₹1050000 per share.
The lot size of PropShare Celestia REIT is 1 shares.
The minimum investment for PropShare Celestia REIT is approximately ₹10,50,000 based on the upper price band.
The allotment date of PropShare Celestia REIT is Apr 17, 2026.
You can check PropShare Celestia REIT allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the PropShare Celestia REIT allotment status on Rupix for quick and easy access.
₹10,00,000 to ₹10,50,000 per share. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹10,50,000.
₹10,50,000, for one lot of 1 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 10 April 2026 and closed on 16 April 2026.
The basis of allotment was published on 17 April 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 April 2026 on BSE.
The issue size was ₹244.65 crore. The fresh issue was 2330 shares (aggregating up to ₹244.65 crore).