Mumbai, Mar 30: Property Share Investment Trust India’s first registered Small and Medium Real Estate Investment Trust, has filed the Key Information of the Scheme for PropShare Celestia, their third scheme under the trust aggregating up to ₹ 244.65 crore.
The Bid/Issue opens Friday, April 10, 2026 and closes Thursday, April 16, 2026. The price band for the Issue is ₹ 10.00 lakhs to ₹ 10.50 Lakhs per Unit. The minimum bid size is ₹ 10,00,000 which is also the minimum investment amount for investment in SM REITs. Bids can be made for a minimum of 1 Unit and in multiples of 1 Unit thereafter.
The Scheme IPO is a fresh issue raising up to INR 244.65 crore for investment across seven identified floors in Venus Stratum, a Grade A+ mixed-use commercial building with a unique atrium located in prime Nehru Nagar, Ahmedabad
Project Celestia comprises a super- built-up area of 2,07,838 sq ft and is 100% occupied by a listed Swedish telecommunications MNC and a diversified base of 10 occupiers, comprising three Fortune Global 500 companies, which includes a Global Consulting company, Global Technology company and Global Chemical company, one Fortune 500 company and US-based multinational FMCG company. Other notable end users include a US-based leading professional services firm, an Indian private sector bank, an Indian B2B e-commerce platform, Risk management and financial analytics solutions provider and Data analytics and business intelligence firm. This high-quality and diverse tenant mix ensures a stable and reliable income stream.
According to the JLL Report, within Ahmedabad SBD, Nehru Nagar’s combination of strategic location, connectivity, proximity to key urban infrastructure and strong social amenities creates an attractive investment proposition for investors.
PropShare Celestia offers a projected distribution yield of 8.4% for FY 2027, 8.7% for FY 2028 and 8.9% for FY 2029. Also, the projected distribution yield is based on the assumptions and estimates as deemed appropriate and reasonable by the Investment Manager at the date of the Projections and has been adopted by the board of directors of the Investment Manager on January 8, 2026 and certified by the Auditors.
Property Share has an experienced team comprising 24 members having academic pedigree from leading IITs and IIMs with institutional investing experience across leading international and domestic real estate funds.
Ambit Private Limited is the Sole Lead Manager to the Issue and KFin Technologies Ltd is the Registrar to the Issue. Axis Trustee Services Limited is the Trustee for the Issue, and PropShare Investment Manager Private Limited is the Investment Manager for the Issue. Cyril Amarchand Mangaldas is the legal advisor to the Issue. The Units are proposed to be listed on BSE Limited .
PropShare Celestia Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Celestia Units and has filed a Key Information of the Scheme dated March 25, 2026, with SEBI and BSE. The Key Information of the Scheme is made available on the website of the SEBI at as well as on the website of the BRLM i.e.website of the BSE at and the website of the Investment Manager.
The Celestia Units offered in the Issue have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the issue are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act .
