PropShare Celestia IPO Opens on April 10: Invest in Ahmedabad's Premium Real Estate

PropShare Celestia's Rs 244.65 crore Initial Public Offering (IPO) is set to open on April 10, 2026. This marks the third Small and Medium Real Estate Investment Trust (SM REIT) launched by Property Share Investment Trust, the country's first registered SM REIT.

The IPO, with a price band of Rs 10-10.50 lakh per unit, will conclude on April 16. According to a statement, the proceeds from the public issue will be used to acquire seven floors in Venus Stratum, a Grade A+ mixed-use commercial building located in Nehru Nagar, Ahmedabad.

The minimum bid size is Rs 10 lakh, which is also the minimum investment amount for SM REITs. Investors can bid for a minimum of 1 unit and in multiples of 1 unit thereafter. The underlying asset, Project Celestia, boasts a super built-up area of 2,07,838 square feet and is fully occupied.

The property has four primary tenants, including three managed-office operators: Smartworks Coworking Spaces, EFC Ltd (both listed), and Paragraph Khajanchi Business Centre LLP. The fourth anchor tenant is a listed Swedish telecommunications multinational, adding to the property's robust tenant mix.

Ambit is the sole lead manager to the issue, while KFin Technologies is the registrar. The units are proposed to be listed on the BSE, providing investors with liquidity and transparency.

Property Share Investment Trust continues to expand its portfolio with high-quality assets, offering investors a unique opportunity to invest in the growing real estate market of Ahmedabad. The launch of PropShare Celestia is a significant step in the development of the SM REIT market in India, providing smaller investors access to premium real estate assets.

For more information on the IPO and the investment process, interested investors can visit the official website of Property Share Investment Trust or contact their financial advisor for guidance.