Propshare Celestia Property Share Investment Trust REIT IPO
Propshare Celestia Property Share Investment Trust REIT IPO Details
-
Open Date
10 Apr 2026
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Close Date
16 Apr 2026
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Listing Date
24 Apr 2026
- IPO Price Range
₹ 1000000 to ₹1050000
- IPO Size
₹ 245 Cr
- Listing Exchange
BSE
Propshare Celestia Property Share Investment Trust REIT IPO Timeline
Propshare Celestia Property Share Investment Trust REIT IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 10-Apr-2026 | 0.17 | 1.38 | - | 0.47 |
| 13-Apr-2026 | 0.17 | 2.66 | - | 0.79 |
| 15-Apr-2026 | 0.17 | 3.40 | - | 0.98 |
| 16-Apr-2026 | 0.17 | 4.65 | - | 1.29 |
Last Updated: 16 April 2026 5:27 PM by 5paisa
Property Share Investment Trust Propshare Celestia is India's first Small and Medium REIT, managed by PropShare Investment Manager Private Limited and registered with SEBI. The Trust is settled with Axis Trustee Services Limited and operates multiple schemes - PropShare Platina and Titania - enabling retail investors to participate in institutional-grade commercial real estate through a regulated, exchange-listed structure. It offers a transparent, technology-driven platform for fractional real estate investment across premium office assets in India.
Please note applications for this IPO are not available through 5paisa. However, the company is listed on the BSE.
Managing Director: JC Sharma
Propshare Celestia Property Share Investment Trust REIT Objectives
1. Project Acquisition & Financing: Acquisition of Project Celestia, payment of sinking fund to the society by Celestia SPVs, and reimbursement of statutory charges (stamp duty, registration, surcharge, and cess) via lending and subscribing to equity and debt instruments of Celestia SPVs, up to ₹237.9 crore.
2. General Purposes: The remaining funds are allocated toward general purposes of the scheme as permitted under applicable regulations.
Propshare Celestia IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹245 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹245 Cr |
Propshare Celestia IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 0.17 | 1,742 | 295 | 0 |
| Non-Institutional Buyers | 4.65 | 581 | 2,700 | 0 |
| Total** | 1.29 | 2,323 | 2,995 | 0 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY25 |
| Revenue | 4.7 |
| EBITDA | -4.45 |
| PAT | - |
| Particulars (In ₹ Crores) | FY25 |
| Total Assets | 46.6 |
| Share Capital | 51.6 |
| Total Liabilities | 46.6 |
Strengths:
1. India's first registered SM REIT, giving PropShare a strong first-mover advantage in the fractional real estate market.
2. Multiple successful schemes – Platina and Titania- demonstrate a proven track record of execution.
3. Managed by PropShare Investment Manager Private Limited with Axis Trustee Services as Trustee, ensuring strong institutional governance.
4. SEBI-registered and BSE-listed structure offers investors regulatory oversight and transparency.
Weaknesses:
1. High minimum investment threshold of ₹10 lakh per unit limits accessibility to only high-net-worth individuals.
2. Restricted to investors outside the US, Canada, UK, Australia, and Japan, limiting the global investor base.
3. Early-stage investment manager with limited operating history under the SM REIT framework.
4. Single scheme-level asset exposure concentrates risk within each individual IPO offering.
Opportunities:
1. Growing demand for institutionalised fractional real estate investment in India presents significant market expansion potential.
2. The SM REIT structure enables retail-like participation in premium commercial real estate through a regulated, exchange-listed platform.
3. Successive scheme launches indicate a pipeline-driven growth model with scope for further offerings.
4. Rising interest in alternative investments among Indian HNIs creates a favorable demand environment.
Threats:
1. Regulatory changes by SEBI to the SM REIT framework could materially impact scheme operations and distributions.
2. Macroeconomic headwinds such as rising interest rates could compress yields and reduce investor appetite.
3. Market risks inherent in commercial real estate — vacancies, rental declines — could affect unitholder distributions.
4. Competition from larger, established REITs and alternative investment products may challenge future fundraising.
1. India's first registered SM REIT, offering a pioneering and regulated avenue to invest in premium commercial real estate.
2. Units are listed on BSE, ensuring liquidity and transparency for investors through an exchange-traded structure.
3. Backed by strong institutional governance with PropShare Investment Manager and Axis Trustee Services overseeing operations.
4. Multiple active schemes - Platina, Titania, and Celestia - reflect a proven, scalable model for consistent real estate income generation.
Property Share Investment Trust, India's first registered SM REIT, has demonstrated consistent growth through successive scheme launches - PropShare Platina, Titania, and Celestia - each listed on BSE and filed with SEBI. This pipeline-driven model reflects strong institutionalization of fractional real estate investment in India. Managed by PropShare Investment Manager Private Limited with Axis Trustee Services as Trustee, the Trust operates under a robust regulatory framework, positioning it well to capture growing investor appetite for regulated, yield-generating commercial real estate assets across India.
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FAQs
Property Share Investment Trust REIT opens from April 10, 2026 to April 16, 2026.
The size of Property Share Investment Trust REIT is ₹245 Cr.
The price band of Property Share Investment Trust REIT is fixed at ₹10,00,000 to ₹10,50,000 per share.
The share allotment date of Property Share Investment Trust REIT is April 17, 2026
The Property Share Investment Trust REIT will likely be listed on April 24, 2026.
Axis Trustee Services Limited is the book running lead manager for Property Share Investment Trust REIT.
Property Share Investment Trust REIT plans to utilise the raised capital from the IPO for:
1. Project Acquisition & Financing: Acquisition of Project Celestia, payment of sinking fund to the society by Celestia SPVs, and reimbursement of statutory charges (stamp duty, registration, surcharge, and cess) via lending and subscribing to equity and debt instruments of Celestia SPVs, up to ₹237.9 crore.
2. General Purposes: The remaining funds are allocated toward general purposes of the scheme as permitted under applicable regulations.