Propshare Celestia IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | - | - | - |
| Expense | - | - | - |
| Profit (PAT) | - | - | - |
| Total Assets | - | - | - |
Company Information
PropShare Celestia is a 3rd SM Reit Scheme launched by the Property Share Investment Trust. Property Share is India’s first small and Medium REIT. PropShare Celestia allows investors to invest in real estate buildings and earn income without directly buying the whole property. Under the PropShare Celestia scheme, investors can invest in seven floors of a premium commercial building called Stratum @ Venus Grounds, located in the prime area of Nehru Nagar in Ahmedabad. These schemes allow investors to own a share of multiple buildings, without owning the whole. The project covers 2,07,838 sq. ft., which consists of 3 offices and co-working companies named Smartworks Coworking Spaces Limited, EFC Limited, and Paragraph Khajanchi Business Centre LLP. Moreover, their office spaces are rented by 10 different tenants which includes, Tech Mahindra, a US-based services company, an Indian private bank, a B2B e-commerce company, a risk & financial analytics firm, and a data analytics company.
| Purpose | Amount (Cr) |
|---|---|
| Acquisition of the Project Celestia and payment of sinking fund to society by Celestia SPVs (the “Proposed Acquisition”), and reimbursement or direct payment, as applicable, of statutory charges under applicable laws (including stamp duty, registration, surcharge and cess etc. for the registration of sale deeds) to the Investment Manager for the Proposed Acquisition by way of lending to the Celestia SPVs and subscribing to the equity and debt instruments of our Celestia SPV | 237.91 |
| General purposes | - |
Resources & Documents
Property Share Investment Trust REIT, 16th Floor, SKAV Seethalakshmi, 21/22, Kasturba Road, Bangalore Urban, Karnataka, 560001
Propshare Celestia has set a price band of Rs 10,00,000–Rs 10,50,000 per share for an issue size of Rs 245 crore. The stock listed with a 4.77% discount versus its issue price on April 24, 2026.
PropShare Celestia is a 3rd SM Reit Scheme launched by the Property Share Investment Trust. Property Share is India’s first small and Medium REIT.
with Ambit Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Acquisition of the Project Celestia and payment of sinking fund to society by Celestia SPVs (the “Proposed Acquisition”)… (Rs 238 crore) and General purposes.
Final subscription data records overall subscription at 1.33x, QIB at 0.17x, NII at 4.81x.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
Related IPO
No comments yet. Be the first to share your opinion!