The Propshare Celestia IPO will be raising close to ₹245 crore through its IPO launching on April 10, 2026. A total of 2,330 shares will be issued in this public offering. The bidding window will close on April 16, 2026. The share allotment has been planned for April 17, 2026. This IPO will make its debut on the BSE on April 24, 2026.
The shares are priced in the range from ₹10,00,000 to ₹10,50,000. Details on the lot sizes have not been made public yet. Details on the category-wise investment requirements will be updated after official announcement.
Propshare Celestia IPO Details
The following table outlines the essential information related to this offering:
| Particulars | Details |
| Bidding Opens | April 10, 2026 |
| Bidding Closes | April 16, 2026 |
| Issue Type | Book-built REIT |
| Face Value | – |
| Issue Price | – |
| Price Band | ₹10,00,000 – ₹10,50,000 |
| IPO Lot Size | – |
| Listing at | BSE |
| Fresh Issue | 2,330 shares (₹245 Crore) |
| Offer for Sale | – |
| Total Issue | 2,330 shares (₹245 Crore) |
| Minimum Investment | – |
Propshare Celestia IPO Timeline
This IPO will run as per the schedule provided in the table below:
| Particulars | Details |
| Bidding Opens | April 10, 2026 |
| Bidding Closes | April 16, 2026 |
| Allotment Expected | April 17, 2026 |
| Initiation of Refunds | April 20, 2026 |
| Demat Credit of Shares | April 20, 2026 |
| Tentative Listing | April 24, 2026 |
| UPI mandate cut-off | 5:00 p.m. on April 16, 2026 |
Propshare Celestia Key Performance Indicator
KPIs such as return on equity, debt equity ratio, PAT margin, price to book value, etc., have not been announced yet. The information will be updated once the official data is released.
Propshare Celestia Financials
An overview of Propshare Celestia’s financial metrics is as follows:
| Particulars (in ₹ million) | 2023 | 2024 | 2025 |
| Total Assets | – | – | 466.02 |
| Revenue | – | – | 53.36 |
| Profit | – | – | (200.16) |
Propshare Celestia IPO Subscription Status
Propshare Celestia IPO subscription details are currently not available as the window for subscription has not opened yet. These updates will be shared once the issue starts accepting bids on April 10, 2026.
Applications can be submitted by investors from 10:00 AM to 5:00 PM on each issue day.
Propshare Celestia IPO GMP Today
The Propshare Celestia IPO is being traded at ₹0 in the unofficial market. The demand is flat, and the premium hasn’t moved at all. The current trend suggests that IPO will have limited listing gains.
| GMP Date | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|
| 01-04-2026 | ₹0  | ₹ (0.00%) | – | 1-Apr-2026 5:55 |
| 31-03-2026 | ₹0 | ₹ (0.00%) | – | 31-Mar-2026 5:55 |
| 30-03-2026 | ₹0 | ₹ (%) | – | 30-Mar-2026 7:10 |
Note: The GMP is taken from informal market transactions. It can fluctuate with changes in investor demand, subscription levels, and market sentiment.
Propshare Celestia IPO Reservation
This offering’s share reservation for various investor types is as follows:
| Investor Category | Reservation |
| QIB Shares | Maximum 75% |
| NII (HNI) Shares | Minimum 25% |
| Total Shares | 100% |
Propshare Celestia IPO Lot Size
The official lot size and investment requirements of the Propshare Celestia IPO have not been officially announced. Details will be updated post data release from the company.
Anchor Investors in the Propshare Celestia IPO
Information regarding the anchor investor participation in this IPO has not been declared yet. The details will be shared post official announcement.
Propshare Celestia IPO Prospectus
For additional insights into the offering, you can review the documents listed below:
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) | |
| Anchor Investors | Not Available Yet |
| Final Prospectus | Not Disclosed |
About Propshare Celestia
Propshare Celestia is the latest scheme under Property Share Investment Trust. The trust is recognised as the first small and medium REIT registered with the SEBI. This scheme provides access to seven floors in a Grade A+ facility in Nehru Nagar, Ahmedabad. Its prime location and large leasable area make it a viable opportunity for long-term commercial purposes.
The property is operated by three major office and co-working providers: Paragraph Khajanchi Business Centre, EFC Limited, and Smartworks Coworking Spaces. These operators cater to a diverse group of tenants, including Tech Mahindra, a private bank, e-commerce platforms, analytics firms, and others.
This mix of tenants ensures steady rental income and reduces risk. Axis Trustee Services acts as the trustee, while Propshare Investment Manager Pvt. Ltd. manages the scheme.
| Issue Registrar | Kfin Technologies |
| Lead Manager | Ambit Private Limited |
Objectives of the Propshare Celestia IPO
Proceeds from this offering will be directed toward fulfilling these objectives:
| S. No. | Particulars | Amount (in ₹ million) |
| 1. | Funding Celestia acquisition and covering statutory charges and reimbursements | 2,379.14 |
| 2. | General Corporate Use | – |
Strengths of Propshare Celestia
These strengths enhance the asset’s investment appeal:
- Premium Asset: This project is a part of the IGBC Platinum-certified Grade A+ commercial development. Its modern infrastructure and premium amenities enhance the tenant experience and asset value.
- Strategic Location: The property is situated in Nehru Nagar, which is a prime hub. Located between CBD and SBD with excellent connectivity, makes it highly attractive for businesses and employees.
- Stable Earnings: With a Weighted Average Lease Expiry (WALE) of 6.72 years and no near-term rental or lease expiries, the project provides investors with predictable and consistent income.
- Sustainability: The building has eco-friendly features such as EV charging, rainwater harvesting, and solar panels. This aligns with global standards and tenant preferences.
- Experienced Management: The investment manager has a strong track record and is backed by institutional investors, ensuring professional asset management and governance.
Risks of Propshare Celestia
A thorough review of the key risks is necessary before investing in Propshare Celestia.
- No Operating History: The scheme has been established recently and has no past record. This creates uncertainty about future revenue, stability, and the ability to meet projected outcomes.
- Incomplete Acquisition: The acquisition still has pending approvals and agreements, which may impact its successful completion on time.
- Dependence on Co-Working Operators: The project relies on co-working operators and their end users for a heavy portion of its revenue. Any disruption in their business could affect rental income and cash flows.
- Uncertainty in Projections: The projected returns and cash flows are assumption-based, which can deviate the expectations from actual outcomes.
- Exposure to Real Estate: The performance is directly linked to real estate trends and macroeconomic factors such as interest rates, demand, and economic cycles.
Propshare Celestia IPO Review
Propshare Celestia IPO offers exposure to a premium Grade A+ commercial asset with stable leases and a strong tenant profile, supporting predictable income. However, risks such as no operating history, dependence on co-working operators, and partial acquisition remain concerns. The neutral GMP indicates limited listing gains. Overall, it suits long-term income-focused investors rather than those seeking short-term returns.
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Propshare Celestia IPO FAQs
Propshare Celestia IPO is a book-built REIT issue of around ₹245 crore, consisting entirely of a fresh issue. It offers investors exposure to a Grade A+ commercial asset in Ahmedabad with income-generating potential.
You can apply through your Demat account using ASBA via net banking or UPI-supported broker platforms by placing a bid within the price band during the subscription period.
It appears suitable for long-term investors seeking stable rental income. However, risks like no operating history and reliance on co-working tenants should be considered.
Returns are expected to come mainly from rental income and potential capital appreciation. However, GMP is currently neutral, indicating limited listing gains.
The Propshare Celestia IPO opens on April 10, 2026, and closes on April 16, 2026.
The official lot size has not been announced yet and will be updated after the final disclosure.
The Propshare Celestia IPO allotment is expected to be finalised on April 17, 2026.
The Propshare Celestia IPO is expected to list on the BSE on April 24, 2026.
