PropShare Celestia’s ₹244 Crore IPO Sees 1.33x Subscription


NEW DELHI: PropShare Celestia’s initial public offering (IPO) was 1.33 times over-subscribed on its closing day, Thursday.

This marks the third Small and Medium Real Estate Investment Trust (SM REIT) launched by Property Share Investment Trust.

The IPO, valued at Rs 244 crore, saw bids for 3,090 units compared to 2,323 units available, according to BSE data.

In the other investors category, subscription was 4.81 times, while institutional investors subscribed only 17%.

The price band for the issue is set at Rs 10-10.50 lakh per unit.

This public offering consists solely of new units with no offer for sale. The proceeds from the IPO will be used to acquire seven floors in Venus Stratum, a Grade A+ mixed-use commercial building located in Nehru Nagar, Ahmedabad.

The IPO generated demand worth Rs 324 crore and commenced on April 10.

Ambit serves as the sole lead manager for this issue, with KFin Technologies as the registrar. The units are expected to be listed on BSE.

  • Published On Apr 17, 2026 at 08:14 AM IST

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