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…