Financial
PropShare Celestia's ₹244-Crore IPO Subscribed 1.33 Times
PropShare Celestia's initial public offering received 1.33 times subscription on the closing day of the issue on Thursday. The ₹244-crore IPO generated demand of ₹324 crore.
New Delhi, April 17: PropShare Celestia is the third Small and Medium Real Estate Investment Trust launched by Property Share Investment Trust.
Subscription Details
| Category | Subscription |
|---|---|
| Other investors | 4.81 times |
| Institutional investors | 17% |
| Overall | 1.33 times |
Issue Details
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IPO size: ₹244 crore
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Demand generated: ₹324 crore
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Price band: ₹10-10.50 lakh per unit
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Issue type: Fresh issue of units (no offer for sale)
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IPO period: April 10-16, 2026
Use of Proceeds
The funds will be used to acquire seven floors in Venus Stratum , a Grade A+ mixed-use commercial building located in Nehru Nagar, Ahmedabad.
Key Players
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Lead manager: Ambit
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Registrar: KFin Technologies
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Listing: BSE