PropShare Celestia is the third scheme launched by Property Share Investment Trust, India’s first SEBI-registered Small and Medium REIT. The scheme provides investors with an opportunity to participate in institutional-grade commercial real estate assets.
At its core, the scheme offers exposure to seven floors of “Stratum @ Venus Grounds”, a Grade A+ mixed-use commercial development with a distinctive atrium, strategically located in the prime Nehru Nagar micro-market of Ahmedabad.
The project spans approximately 2,07,838 sq. ft. of leasable area and is fully occupied, reflecting strong asset quality and demand.
Leased to Smartworks, EFC Limited, Paragraph Khajanchi Business Centre LLP, and a Swedish telecom MNC. They serve 10 end occupiers like Tech Mahindra, a US firm, a private bank, and firms in e-commerce & analytics. This diversified mix ensures stable rental income and low concentration risk.
Axis Trustee Services Limited acts as the Trustee, while PropShare Investment Manager Pvt. Ltd. serves as the Investment Manager, responsible for asset management, leasing strategy, and income distribution to ensure smooth operations of the scheme.
With 100% occupancy and a strong tenant mix, PropShare Celestia offers a yield-focused opportunity with stable and predictable income.
Propshare Celestia REIT IPO – Details
| IPO Opening Date | 10 April 2026 |
| IPO Closing Date | 16 April 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2330 Shares Worth ₹244.65 Crore Fresh Issue: 2330 Shares Worth ₹244.65 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10,00,000 – ₹10,50,000 per share |
| Market Lot | 1 Shares |
| Min Order | 1 Shares [ 1 Lot ] |
| Listing At | BSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 25% |
Propshare Celestia REIT IPO – Date Schedule
| IPO Open Date | 10 April 2026 |
| IPO Close Date | 16 April 2026 |
| Basis of Allotment | 17 April 2026 |
| Initiation of Refund | 20 April 2026 |
| Credit of Shares to Demat Account | 20 April 2026 |
| IPO Listing Date | 24 April 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 16, 2026 |
Competitive Strength
- Project Celestia is a part of Stratum @ Venus Grounds, a landmark IGBC Platinum-certified, Grade A+ mixed-use commercial building, featuring a unique atrium.
- Sound business model with embedded rental growth and stable cash flows backed by a long WALE of 6.72 years.
- 100% occupancy by a diversified underlying tenant and end user portfolio comprising 3 Fortune Global 500 companies, one Fortune 500 company, and other notable tenants.
- Located within prime Nehru Nagar, between CBD & SBD and in proximity to major infrastructure developments like the BRTS, metro and upcoming bullet train, with low vacancy and no upcoming Grade A+ supply.
- Experienced investment and asset management team with oversight and strong corporate governance through an experienced Board and marquee investors.
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Acquisition of the Project Celestia and payment of sinking fund to society by Celestia SPVs (the “Proposed Acquisition”), and reimbursement or direct payment, as applicable, of statutory charges under applicable laws (including stamp duty, registration, surcharge and cess etc. for the registration of sale deeds) to the Investment Manager for the Proposed Acquisition by way of lending to the Celestia SPVs and subscribing to the equity and debt instruments of our Celestia SPV. | ₹237.91 |
| General purposes. |
Propshare Celestia REIT IPO Prospectus
Company Contact Information
| Propshare Celestia REIT 16th Floor, SKAV Seethalakshmi, 21/22 Kasturba Road, Bangalore Urban, Karnataka, 560001 Phone: +91 80 3100 390 Email: compliance.officer@propertyshare.in Website: https://www.psreit.in/ |
Propshare Celestia REIT IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: propshare3.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Propshare Celestia REIT IPO Lead Manager(s)
| 1. Ambit Pvt. Ltd. |
Propshare Celestia REIT IPO FAQs
| What is the Propshare Celestia REIT IPO? Propshare Celestia REIT IPO is a main-board IPO. The issue is priced at ₹10,00,000 to ₹10,50,000 per equity share. The IPO is to be listed on the BSE. |
| When will the Propshare Celestia REIT IPO open? The IPO is to open on 10 April 2026 for QIB, NII, and Retail Investors. |
| What is Propshare Celestia REIT IPO Investors Portion? The investors’ portion for QIB – 75%, and NII – 25%. |
| What is the Propshare Celestia REIT IPO Size? Propshare Celestia REIT IPO size is ₹244.65 Crore. |
| What is the Propshare Celestia REIT IPO Allotment Date? Propshare Celestia REIT IPO allotment date is 17 April 2026. |
| What is the Propshare Celestia REIT IPO Listing Date? Propshare Celestia REIT IPO listing date is 24 April 2026. The IPO is to be listed on the BSE. |
