PropShare Celestia Units Drop Over 1% on Trading Debut


NEW DELHI: PropShare Celestia’s units concluded their first trading day over 1% lower on Friday.

The units commenced trading at ₹9,99,900.01, reflecting a 4.77% drop from the issue price of ₹10,50,000 per unit listed on the BSE. They eventually settled at ₹10,35,000, down by 1.42%.

The market valuation of the company is now at ₹241.16 crore.

On the final day of the subscription last Thursday, PropShare Celestia’s initial public offering (IPO) received a subscription rate of 1.33 times.

This marks the third Small and Medium Real Estate Investment Trust (SM REIT) launched by Property Share Investment Trust. The ₹244-crore issue had a price band ranging from ₹10 to ₹10.50 lakh per unit.

This public offering consists solely of a fresh issue of units, with no offer for sale component. Proceeds from the IPO will be directed towards acquiring seven floors in Venus Stratum, a Grade A+ mixed-use commercial project situated in Nehru Nagar, Ahmedabad.

  • Published On Apr 24, 2026 at 06:30 PM IST

Join 2M+ industry professionals.

Subscribe to our newsletter for the latest insights & analysis.

Stay updated on the ETRealty industry right from your smartphone!


Related Posts

6.5 Lakh Illegal Properties in Bengaluru to Receive E-Khata

BENGALURU: Approximately 6.5 lakh owners of unauthorized properties in gram panchayats across three districts near Bengaluru are set to qualify for e-khatas under the government’s ambitious e-Swathu initiative. This program aims to provide legal documentation for over 95 lakh illegal properties statewide. Data from the Rural Development and Panchayat Raj (RDPR) department reveals that about 2.8 lakh properties in Bengaluru Urban and 1.8 lakh each in Bengaluru Rural and Bengaluru South districts are eligible for e-khatas through the e-Swathu program, which was launched last week. In Bengaluru Urban district, there are around 8.2 lakh properties, with roughly 5.4 lakh already…

SEBI Reclassifies REITs as Equity, Expands Investor Access

NEW DELHI: To enhance participation in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), the Securities and Exchange Board of India (SEBI) has approved amendments to the SEBI (Mutual Funds) Regulations, 1996, reclassifying REITs as “equity” while maintaining InvITs under the “hybrid” category for mutual fund and specialized investment fund investments. The decision, made during SEBI’s board meeting, is expected to facilitate greater mutual fund investment in REITs by including them in equity indices. The regulator noted that these changes followed public consultations in April 2025 and extensive discussions with industry stakeholders. This adjustment aligns domestic regulations with…

Signature Global secures ₹8.75B through NCDs for housing projects

NEW DELHI: Signature Global (India) has successfully secured ₹8.75 billion through a private placement of non-convertible debentures (NCDs) with the International Finance Corporation (IFC), the World Bank’s lending arm. The NCDs received ‘A+’ stable ratings from Care Edge Ratings, marking the company’s first listed debt transaction. With a coupon rate of 11%, the NCDs have a tenure of three years, two months, and 30 days, maturing on January 15, 2029. The proceeds will be allocated for developing mid-income housing and environmentally sustainable projects, along with reducing existing debt. Pradeep Aggarwal, founder and chairman of Signature Global, expressed, “We are committed…