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Propshare Celestia (SM REIT) IPO
Grade A+ Commercial Real Estate · Mixed-Use Development · Ahmedabad · PropShare Trust
📋 SM REIT IPO
Fresh Issue
BSE
₹10.5L
Upper Price
₹244.65 Cr
Issue Size
Apr 24, 2026
Listing Date
REIT
Asset Class
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Friday, 10 April 2026
Bidding starts — apply before close
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IPO Closes
Thursday, 16 April 2026
Last day to bid — closes at 5:00 PM IST
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Basis of Allotment
Friday, 17 April 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Monday, 20 April 2026
Unallotted funds returned; shares credited to demat
🏷️
Friday, 24 April 2026
Trading begins on BSE at 10:00 AM IST
📋 IPO Details
IPO Open Date10 April 2026 (Fri)
IPO Close Date16 April 2026 (Thu)
Listing Date24 April 2026 (Fri)
Face Value₹10 per share
Price Band₹10L to ₹10.5L
Issue Price (Upper)₹10,50,000
Issue TypeBook Build — SM REIT
Listing AtBSE
Total Issue Size2,330 shares (₹244.65 Cr)
Fresh Issue2,330 shares (₹244.65 Cr)
Lead ManagerAmbit Pvt.Ltd.
RegistrarKfin Technologies Ltd.
👥 Investor Reservation
Portion of Net IssueNot more than 75%
QIB Portion
Not less than 25%
NII Portion
📊 Subscription Status
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🎯 Objects of the Issue
Net proceeds utilisation1
Acquisition of Project Celestia and statutory charges via Celestia SPVs
₹237.91 Cr
2
General corporate purposes
Balance
Total Net Proceeds Target
₹237.91 Cr
🏢 About Property Share Investment Trust
Bangalore Urban, Karnataka · SM REIT SchemePropShare Celestia is the third scheme by Property Share Investment Trust, recognized as India’s first SEBI-registered small and medium REIT (SM REIT). This specialized investment vehicle provides fractional ownership in high-end commercial real estate, specifically focusing on seven floors within the Grade A+ Stratum @ Venus Grounds development in Ahmedabad.
The project covers 2,07,838 sq. ft. and is occupied by a diversified mix of 10 end-users, including multinationals and publicly listed entities like Tech Mahindra. Managed by office operators such as Smartworks and EFC Limited, the asset is strategically located in the prime Nehru Nagar area, offering institutional-grade income generation potential to retail and NII investors.
Asset Profile
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Core Asset
7 floors in Stratum @ Venus Grounds, Grade A+ Mixed-use development
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Major Occupiers
Tech Mahindra, Private Sector Banks, and Global Analytics firms
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Asset Manager
PropShare Investment Manager Pvt. Ltd. with Axis Trustee Services
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Prime Location
Situated in Nehru Nagar, Ahmedabad’s premium commercial district
Competitive Strengths
🏛️Institutional ownership of Grade A+ commercial real estate in Ahmedabad
🤝Diversified tenant base with high-quality end occupiers across sectors
✅SEBI-registered SM REIT structure providing transparency and regulatory oversight
💰Stable rental yields supported by managed office and co-working operators
📅 Key Dates
IPO Opens10 Apr 2026
IPO Closes16 Apr 2026
Allotment17 Apr 2026
Refund & Share Credit20 Apr 2026
Listing Day24 Apr 2026
💡 Quick Summary
Price Band₹10L – ₹10.5L
Upper Price₹10,50,000 / share
Issue Size₹244.65 Cr
Total Shares2,330
ListingBSE
🏦 Registrar & Lead Manager
Lead Manager
Ambit Pvt.Ltd.
📍 Registered Address
Property Share Investment Trust
16th Floor, SKAV Seethalakshmi,
21/22 Kasturba Road,
Bangalore Urban, Karnataka — 560001
📞 +91 80 3100 390
[email protected]
16th Floor, SKAV Seethalakshmi,
21/22 Kasturba Road,
Bangalore Urban, Karnataka — 560001
📞 +91 80 3100 390
[email protected]
🛡️ Regulatory Note: SM REIT investments are specialized financial instruments subject to market risk and SEBI regulations. Always read the scheme RHP before applying.
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Disclaimer: This page presents publicly available information from the Propshare Celestia IPO RHP for informational purposes only. It does not constitute investment advice. Please consult a SEBI-registered advisor before investing.
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