PropShare Celestia REIT IPO Review, Details, Returns, Asset Info & Investment Analysis
Latest Grey Market Premium & IPO Details
Propshare Celestia IPO 2026 – Key Info & Highlights
📌 IPO Details
| Company Name | Propshare Celestia IPO |
|---|---|
| Sector / Industry | Real Estate Investment Trusts |
| IPO Open Date | 10-04-2026 |
| IPO Close Date | 16-04-2026 |
| Allotment Date | 22-04-2026 |
| Refund Date | 23-04-2026 |
| Share Credit Date | 23-04-2026 |
| Listing Date | 24-04-2026 |
| Price Band | ₹1050000 |
| Net Issue Size | ₹244.65 Cr |
| Fresh Issue | ₹244.65 Cr |
| IPO Listing At | BSE |
| DRHP | View DRHP |
| RHP | View RHP |
| Issue Type | Book Build Issue |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | - |
| QIB (Qualified Institutional Buyers) | 75% |
| HNI (High Net Worth Individuals) | 25% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 24-04-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 24-04-2026 10:20 |
| 23-04-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 23-04-2026 23:20 |
| 22-04-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 22-04-2026 23:00 |
📝 About Propshare Celestia
PropShare Celestia REIT is a professionally managed Small & Medium Real Estate Investment Trust (SM REIT) and part of India’s growing real estate investment ecosystem. It is the third offering from Property Share Investment Trust, India’s first SEBI-registered SM REIT platform, designed to provide retail investors access to institutional-grade commercial real estate opportunities.
The scheme is managed by PropShare Investment Manager Private Limited, which handles asset selection, leasing strategies, and overall investor returns.
Who We Are
PropShare Celestia focuses on investing in income-generating commercial real estate assets. Its objective is to provide investors with stable rental income, long-term capital appreciation, and access to premium real estate with a relatively low investment entry point.
By combining high-quality assets with professional management, the platform simplifies real estate investment into a passive and transparent experience.
Our Core Asset
The scheme provides exposure to seven floors in Stratum @ Venus Grounds, a premium Grade A+ mixed-use commercial property located in the prime Nehru Nagar area of Ahmedabad. The development spans approximately 2,07,838 sq. ft. and is known for its modern infrastructure and distinctive atrium design.
The property is leased to established managed office and co-working operators such as Smartworks Coworking Spaces Limited, EFC Limited, and Paragraph Khajanchi Business Centre LLP. These operators serve a diverse group of 10 end occupiers.
The tenant mix includes well-known companies such as Tech Mahindra, along with a US-based professional services firm, a private sector Indian bank, a B2B e-commerce company, a financial analytics and risk management firm, and a data analytics and business intelligence company. This diversified tenant base supports stable and reliable income generation.
What We Offer
Access to premium real estate without requiring large capital investment
Predictable rental income supported by long-term lease agreements
Liquidity through stock exchange listing of REIT units
Professional management of property operations and leasing activities
How the Model Works
Investors purchase REIT units
Funds are invested in commercial properties
Properties are leased to tenants
Rental income is generated
Net income is distributed to investors
Vision
The vision of PropShare Celestia is to make fractional real estate ownership mainstream in India, provide retail investors with access to institutional-quality assets, and create a transparent, liquid, and accessible real estate investment platform.
Summary
PropShare Celestia REIT represents a modern way to invest in real estate by combining the stability of physical assets with the flexibility of financial markets. With a fully leased premium asset, diversified tenant base, and professional management, it offers an opportunity for stable income and long-term growth.
PropShare Celestia REIT Objects of Issue
- Acquisition of Project Celestia – Funds will be used for the acquisition of the Project Celestia through Celestia SPVs, including payment towards the sinking fund to the society, ensuring long-term maintenance and sustainability of the asset.
- Statutory Payments and Charges – A portion of the proceeds will be utilized for reimbursement or direct payment of statutory expenses such as stamp duty, registration fees, surcharge, cess, and other applicable charges related to the registration of sale deeds.
- Investment in SPVs – The funds will be deployed by way of lending to Celestia SPVs and subscribing to their equity and debt instruments, enabling structured ownership and efficient management of the underlying asset.
- General Corporate Purposes – Remaining funds will be used for general purposes, including administrative expenses and other operational requirements.
- Total Issue Size – The total estimated utilization of funds for the above purposes is ₹237.91 crore.
PropShare Celestia REIT Strengths
- Income-Generating Commercial Asset – The underlying asset is an operational Grade A+ commercial property with existing lease arrangements, providing visibility of rental income.
- Diversified Occupier Profile – The asset is occupied by multiple tenants across sectors, including co-working operators and corporate occupiers, reducing concentration risk.
- Strategic Location – The property is located in the established Nehru Nagar micro-market in Ahmedabad, which benefits from strong commercial activity and connectivity.
- Experienced Investment Manager – Managed by PropShare Investment Manager Private Limited, which has experience in acquisition, leasing, and management of real estate assets.
- Visibility of Cash Flows – Contractual lease arrangements and tenant profile provide visibility on income generation from the asset.
- Access to Institutional-Grade Real Estate – Enables investors to participate in high-quality commercial real estate assets that are typically not accessible to individual investors.
- Regulated Structure – The scheme operates under the SEBI-registered SM REIT framework, ensuring regulatory oversight and transparency.
PropShare Celestia REIT Risk Factors
- Tenant Concentration and Occupancy Risk – The performance of the asset is dependent on tenants and occupiers. Any reduction in occupancy levels or non-renewal of lease arrangements may impact rental income and distributions.
- Dependence on Co-working Operators – A portion of the leased area is operated by co-working providers. Any adverse performance or business disruption faced by these operators could affect underlying occupancy and cash flows.
- Geographic Concentration Risk – The asset is located in a single micro-market (Nehru Nagar, Ahmedabad). Any adverse developments in this region may have a direct impact on the asset’s performance.
- Lease Renewal and Rental Risk – Future cash flows depend on renewal of existing leases and the ability to maintain or improve rental terms. Market conditions may affect rental rates and occupancy.
- Market and Economic Risk – The real estate sector is influenced by macroeconomic factors such as economic slowdown, interest rates, and demand for commercial office space, which may impact income generation.
- Liquidity Risk – Although units are proposed to be listed, there may not be an active trading market, which could affect the ability of investors to buy or sell units at desired prices.
- Regulatory and Legal Risk – Changes in laws, regulations, or taxation related to real estate or REITs may impact returns and operations of the scheme.
- Interest Rate Risk – Changes in interest rates may impact investor returns and the attractiveness of REIT investments compared to other financial instruments.
- Asset-Specific Risk – Any structural, operational, or maintenance-related issues with the underlying property may require additional capital expenditure and impact returns.
Company Information
Founded in: 2015
MD / CEO: Not Publicly Disclosed
Address: 16th Floor, SKAV Seethalakshmi, 21/22 Kasturba Road, Bangalore Urban – 560001, India
IPO Quick Info
10 Apr 2026
16 Apr 2026
Upcoming
Lead Manager(s)
- Ambit Pvt.Ltd.
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Frequently Asked Questions
PropShare Celestia REIT is a Small & Medium REIT (SM REIT) that allows investors to invest in income-generating commercial real estate and earn rental income through a regulated structure.