Sensex

up-green-arrow

Nifty

up-green-arrow

USDINR

down-red-arrow

GBPINR

down-red-arrow

EURINR

down-red-arrow

Company News

Close
Property Share Investment Trust Propshare Celestia
PropShare Celestia SM REIT lists at discount
Apr 24,2026
The stock debuted at Rs 9,99,900.01, marking a discount of 4.77% to the issue price.

So far, the stock has hit a high of Rs 10,39,999 and a low of Rs 9,99,900.01.

The initial public offer of PropShare Celestia SME REIT IPO received bids for 3,090 units as against 2,323 units on offer. The issue was subscribed 1.33 times.

The issue opened for bidding on Friday 10 April 2026 and it closed on 16 April 2026. The price band of the IPO was fixed at Rs 10 lakh to 10.50 lakh.

The REIT IPO comprises fresh units worth, aggregating up to Rs 244.65 crore.

The proceeds from the offer will be utilised towards Acquisition of Project Celestia and payment of the sinking fund to the society by the Celestia SPVs and reimbursement or direct payment, as applicable, of statutory charges under applicable lawsóincluding stamp duty, registration fees, surcharges and cess related to the registration of sale deedsóto the Investment Manager for the Proposed Acquisition. The funds will be deployed by way of lending to the Celestia SPVs and subscribing to their equity and debt instruments.

PropShare Celestia is the third scheme launched by Property Share Investment Trust, India's first small and medium real estate investment trust registered with the Securities and Exchange Board of India (SEBI). Project Celestia has a super built-up area of 2,07,838 sq. ft and is 100% occupied by four tenants, including three managed-office operators ñ Smartworks Coworking Spaces, EFC (both publicly listed) and Paragraph Khajanchi Business Centre LLP (one of the top five co-working operators in Ahmedabad in terms of no. of operational seats) and a Swedish based listed telecommunications MNC.

PropShare Celestia projected distribution yield of 8.1% for the FY26, 8.4% for the FY27, 8.7% for the FY28 and 8.9% for the FY29.

In FY25, the trust posted a loss of Rs 20.01 crore, with revenue from operations at Rs 4.66 crore.

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."

A Muthoot M George Enterprise