Propshare Celestia IPO Details: 7 Big Highlights – GMP, Allotment & Listing Date

April 5, 2026 Navya

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TL;DR: Propshare Celestia IPO is one of the most talked-about real estate investment offerings of 2026. Property Share Investment Trust (PSIT) – India’s first SEBI-registered Small and Medium Real Estate Investment Trust (SM REIT) has launched the ₹244.65 crore IPO of PropShare Celestia. This is the third SM REIT scheme from PSIT, following PropShare Platina and PropShare Titania. If you are looking for complete details about the Property Share Investment Trust-Propshare Celestia IPO, including its allotment status, listing date, GMP, subscription status and how to invest – this article covers everything you need to know.

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Propshare Celestia IPO Details

Propshare Celestia IPO Details at a glance – here is everything you need to know before investing:

Propshare Celestia IPO Parameter	Details
IPO Name	Property Share Investment Trust – PropShare Celestia
Issue Type	Book Building Issue (Mainboard)
Issue Size	₹244.65 Crore (Fresh Issue only)
Price Band	₹10,00,000 – ₹10,50,000 per unit
Minimum Investment	₹10,50,000 (1 unit)
IPO Open Date	April 10, 2026
IPO Close Date	April 16, 2026
Lot Size	1 Unit
Listing Exchange	BSE (Bombay Stock Exchange)
Lead Manager	Ambit Private Limited
Registrar	KFin Technologies Limited
Trustee	Axis Trustee Services Limited
Category Allocation	QIB – 75% \| NII (HNI) – 25%

PropShare Celestia REIT IPO is a 100% fresh issue – meaning there is no Offer for Sale (OFS) component. All IPO proceeds will be used to acquire seven floors in Stratum @ Venus Grounds, a Grade A+ mixed-use commercial building located in Nehru Nagar, Ahmedabad.

About the Underlying Asset – Project Celestia

The PropShare Celestia Ahmedabad REIT IPO is backed by a prime commercial property:

Location: Nehru Nagar (SBD micro-market), Ahmedabad
Property Type: Grade A+ mixed-use commercial building (IGBC Platinum certified)
Area: 2,07,838 sq. ft. across seven floors of Stratum @ Venus Grounds
Occupancy: 100% occupied
Key Tenants: Smartworks Coworking Spaces, EFC Limited, Paragraph Khajanchi Business Centre LLP, and a Swedish-listed telecommunications MNC
Diversified Occupier Base: 10 occupiers, including 4 Fortune 500 companies
WALE (Weighted Average Lease Expiry): 6.72 years with zero lease expiries until FY31
Green Features: 130 kW solar panels, EV charging infrastructure

Projected Distribution Yields

Financial Year	Projected Yield
FY2026	8.1%
FY2027	8.4%
FY2028	8.7%
FY2029	8.9%

The Total Expense Ratio (TER) is expected to stay below 0.7%, indicating lean and efficient fund management.

Propshare Celestia IPO Allotment Status

Propshare Celestia IPO Allotment Status will be finalized on April 17, 2026. After finalization, allotted units will be credited to investors’ Demat accounts by April 20, 2026. Refunds for non-allotted applications will also begin from April 20, 2026.

Key Allotment Dates

Event	Date
Propshare Celestia IPO Open Date	April 10, 2026
Propshare Celestia IPO Close Date	April 16, 2026
Basis of Allotment Finalization	April 17, 2026
Refund Initiation / Demat Credit	April 20, 2026
Propshare Celestia IPO Listing Date	April 24, 2026

The registrar for the PropShare Celestia IPO is KFin Technologies Limited. You can check your allotment status directly on the KFin Technologies IPO allotment portal.

Propshare Celestia IPO Listing Date

Propshare Celestia IPO Listing Date is April 24, 2026. The units are proposed to be listed on the Bombay Stock Exchange (BSE). This will make PropShare Celestia India’s third publicly traded SM REIT, following PropShare Platina (listed December 2024) and PropShare Titania (listed August 2025).

Note: The listing date is tentative and subject to change based on regulatory approvals and SEBI timelines.

Propshare Celestia IPO GMP

Propshare Celestia IPO GMP(Grey Market Premium) is currently Not Available (NA). Since this is an SM REIT and not a traditional equity IPO, the grey market for SM REIT units is not as active as regular stock IPOs. The price band has been set at ₹10,00,000 to ₹10,50,000 per unit.

As a reference point, units of PropShare Platina and PropShare Titania – the two previously listed SM REITs from the same trust were trading around ₹10.60 lakh, which is in line with PropShare Celestia’s upper price band of ₹10.50 lakh. This suggests the market has consistently valued these units near their issue prices.

Important: GMP is an unofficial indicator and should not be used as the sole basis for investment decisions. SM REITs are yield-based instruments designed for steady income, not short-term listing gains.

Propshare Celestia IPO DRHP

Propshare Celestia IPO DRHP(Draft Red Herring Prospectus) was filed by PropShare Investment Manager with SEBI on January 17, 2026. The DRHP outlines the complete scheme structure, underlying asset details, risk factors, financial projections, and terms of the issue.

Key highlights from the PropShare Celestia REIT IPO DRHP:

The scheme was established on December 12, 2025, as the third scheme of Property Share Investment Trust
The Trust was originally settled on June 27, 2024, in Bangalore, Karnataka
The IPO proceeds are earmarked exclusively for the acquisition of Project Celestia through six Special Purpose Vehicles (SPVs)
The issue follows a Book Building Process – 75% for Institutional Investors and 25% for Non-Institutional Investors
NOI (Net Operating Income) margin is projected at 100%, with TER below 0.7%

You can read and download the official DRHP and Key Information of the Scheme from the PropShare Investment Trust’s official IPO information page.

Propshare Celestia IPO Subscription Status

Propshare Celestia IPO Subscription Status is live from April 10 to April 16, 2026. The issue is open across three categories:

Investor Category	Quota
Qualified Institutional Buyers (QIB)	75% of Net Issue
Non-Institutional Investors (NII / HNI)	25% of Net Issue
Retail Individual Investors	Not Applicable (SM REIT minimum investment is ₹10 lakh)

Since the minimum investment in an SM REIT is ₹10 lakh, retail investors with lower capital cannot participate in the PropShare Celestia Ahmedabad REIT IPO. This is a key distinction from regular IPOs.

Live subscription figures are updated on BSE’s official website and on the registrar’s portal.

How to Check IPO Allotment Status?

Propshare Celestia IPO Allotment Status can be checked through two official channels once allotment is finalized on April 17, 2026:

Method 1: Via KFin Technologies (Registrar)

Visit KFin Technologies IPO Allotment Portal
Select “PropShare Celestia” from the IPO drop-down list
Choose your search type – PAN Number, Application Number, or Demat Account (DP ID + Client ID)
Enter the required details
Click “Submit” to view your allotment status

Method 2: Via BSE (Stock Exchange)

Go to the BSE IPO Allotment Status page
Select “Equity” as the issue type
Select “PropShare Celestia” from the issue name list
Enter your application number or PAN
Submit and check your status

Note: Always keep your Application Number, PAN, and DP ID/Client ID handy before checking allotment status.

What Happens After IPO Allotment?

Once the Propshare Celestia IPO Allotment is finalized on April 17, 2026, here is what will happen next:

If Allotted: Units will be credited directly to your Demat account by April 20, 2026. You can then hold the units for distribution income or trade them on BSE after listing on April 24, 2026.
If Not Allotted: The full application amount will be unblocked or refunded to your bank account by April 20, 2026. ASBA users will see the funds automatically released in their accounts.
On Listing Day (April 24, 2026): Units begin trading on BSE. You can sell your allotted units on the exchange from this date onward.
Distribution Income: As an SM REIT, PropShare Celestia is designed to distribute rental income periodically to unit holders. The projected distribution yield starts at 8.1% for FY26 and grows to 8.9% by FY29.

How to Invest in the Propshare Celestia IPO?

Propshare Celestia IPO can be applied through the following methods. Since the minimum investment is ₹10,50,000 (1 unit at the upper price band), investors must have sufficient funds in their bank or trading account.

Step-by-Step: Apply via ASBA (Internet Banking)

Log in to your bank’s Net Banking portal
Navigate to the IPO / ASBA section
Search for “PropShare Celestia” in the available IPO list
Enter the number of units (minimum 1) and select the bid price (₹10,00,000 to ₹10,50,000)
Review and submit the application
Funds will be blocked (not debited) from your account until allotment

Step-by-Step: Apply via UPI (for eligible investors)

Open your trading or investment app
Go to the IPO section and search for “PropShare Celestia”
Enter bid details and submit
Approve the UPI mandate on your UPI app
Funds will be blocked until allotment

Step-by-Step: Apply via Offline Form

Download or collect the physical IPO application form
Fill in all required details – name, PAN, Demat account number, bid price, lot size
Submit the form along with a cheque or ASBA authorization to your bank branch before the IPO closes on April 16, 2026.

Risks and Challenges for Investors of Propshare Celestia IPO

Propshare Celestia IPO carries several important risks that every investor should evaluate carefully before applying:

Single Asset Concentration Risk: The entire scheme is based on one property Stratum @ Venus Grounds in Ahmedabad. Any vacancy, damage, or decline in the property’s valuation directly impacts the entire investment.
Limited Liquidity: SM REIT units carry a high minimum ticket size of ₹10 lakh. Secondary market trading on BSE may have limited volumes, making it harder to exit quickly compared to regular stocks.
Tenant Concentration Risk: A significant portion of the rental income depends on a few key tenants – Smartworks, EFC, and the Swedish telecom MNC. If any major tenant vacates or defaults, distribution income can be affected.
Interest Rate Sensitivity: Rising interest rates can reduce the attractiveness of yield-based instruments like REITs and may also impact real estate valuations.
Co-Working Sector Dependency: Three of the four tenants are managed office or co-working operators. A slowdown in the co-working industry could directly affect occupancy levels.
Early-Stage Trust Financials: The Investment Manager reported a net loss of ₹20.53 crore for FY2025, reflecting early-stage build-out costs. While this is typical for a new fund, investors should note the parent entity’s financial position.
Regulatory and Market Risks: The SM REIT sector in India is still nascent. Changes in SEBI regulations, real estate policy, or broader market conditions could affect the scheme’s performance.
No Retail Investor Participation (Traditional Sense): With a ₹10 lakh minimum investment, this IPO is accessible only to high-net-worth investors, limiting the broad investor base.

Conclusion – Propshare Celestia IPO Details

Propshare Celestia IPO is a landmark offering in India’s growing SM REIT space. Here are the key highlights:

Propshare Celestia IPO open date is April 10, 2026, and it closes on April 16, 2026.
Propshare Celestia IPO price band is ₹10,00,000 to ₹10,50,000 per unit.
Propshare Celestia IPO issue size is ₹244.65 crore, entirely a fresh issue.
Propshare Celestia IPO allotment date is April 17, 2026, with Demat credits by April 20, 2026.
Propshare Celestia IPO listing date is April 24, 2026, on BSE.
Propshare Celestia IPO GMP is currently not available (NA), as SM REITs have limited grey market activity.
Propshare Celestia IPO underlying asset is 2,07,838 sq. ft. Grade A+ commercial property in Ahmedabad with 100% occupancy.
Propshare Celestia REIT IPO projected yield starts at 8.1% for FY26, rising to 8.9% by FY29.
Property Share Investment Trust-Propshare Celestia IPO is the third SM REIT from PSIT, following PropShare Platina and PropShare Titania.
The registrar for Propshare Celestia IPO is KFin Technologies; allotment status can be checked on their website.

This IPO is best suited for high-net-worth investors and institutional players seeking stable, yield-oriented exposure to Grade A commercial real estate in India.

FAQ – Propshare Celestia IPO Allotment Status

1. What is the Propshare Celestia IPO allotment date?

Propshare Celestia IPO allotment date is April 17, 2026. The Basis of Allotment will be finalized on this date.

2. When will Propshare Celestia IPO units be credited to Demat accounts?

Propshare Celestia IPO allotted units will be credited to investors’ Demat accounts by April 20, 2026.

3. What is the Propshare Celestia IPO listing date?

Propshare Celestia IPO listing date is April 24, 2026, on the Bombay Stock Exchange (BSE).

4. How can I check the Propshare Celestia IPO allotment status?

Propshare Celestia IPO allotment status can be checked on the registrar’s portal at KFin Technologies using your PAN, application number, or Demat account details.

5. What is the minimum investment for the Propshare Celestia IPO?

Propshare Celestia IPO minimum investment is ₹10,50,000 (1 unit at the upper price band of ₹10,50,000). This is in line with SEBI’s minimum investment requirement for SM REITs.

6. What is the Propshare Celestia IPO GMP today?

Propshare Celestia IPO GMP (Grey Market Premium) is currently not available (NA). SM REITs typically do not have an active grey market unlike traditional equity IPOs.

7. Is Propshare Celestia IPO available for retail investors?

Propshare Celestia IPO is not practically accessible to small retail investors, as the minimum bid amount is ₹10,50,000. It is designed for High Net Worth Individuals (HNIs) and Institutional Investors.

8. What is the PropShare Celestia Ahmedabad REIT IPO investing in?

PropShare Celestia Ahmedabad REIT IPO is investing in seven floors of Stratum @ Venus Grounds, a Grade A+ mixed-use commercial building in Nehru Nagar, Ahmedabad, with an area of 2,07,838 sq. ft. and 100% occupancy.

9. What is the projected distribution yield for the Propshare Celestia IPO?

Propshare Celestia IPO projected distribution yield is 8.1% for FY26, rising progressively to 8.9% by FY29.

10. Where can I find the Propshare Celestia IPO DRHP?

Propshare Celestia IPO DRHP and the official Key Information of the Scheme is available at Property Share Investment Trust’s official website.

11. What is the difference between PropShare Celestia and a regular IPO?

Property Share Investment Trust-Propshare Celestia IPO is an SM REIT (Small and Medium Real Estate Investment Trust) – not a traditional equity IPO. Instead of owning shares in a company, investors own units that represent a stake in a commercial property and earn distribution income from rental yields.

12. When will refunds be issued if I don’t get allotment in the Propshare Celestia IPO? Propshare Celestia IPO refunds for non-allotted applications will begin from April 20, 2026. ASBA applicants will have their blocked funds automatically released.

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Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions. SM REIT investments involve significant risks, including loss of principal.