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Ahmedabad Commercial Property IPO Opens April 10
30 Mar
Summary
- PropShare Celestia IPO opens April 10 for ₹244.65 crore.
- Proceeds will acquire seven floors in Ahmedabad's Venus Stratum.
- The building is fully occupied with four anchor tenants.
Property Share Investment Trust, the nation's inaugural Small and Medium Real Estate Investment Trust (SM REIT), has announced that the ₹244.65 crore Initial Public Offering (IPO) for PropShare Celestia will commence on April 10, 2026. The subscription period for this issue, which has a price band of ₹10-10.50 lakh per unit, will conclude on April 16, 2026.
PropShare Celestia represents the third SM REIT introduced by Property Share Investment Trust. The IPO exclusively features a fresh issue of units, with no component involving an offer for sale. The capital generated from this public offering is designated for the acquisition of seven floors within Venus Stratum, a premium mixed-use commercial building situated in Nehru Nagar, Ahmedabad.
The underlying asset, Project Celestia, spans a super built-up area of 2,07,838 square feet and is presently fully occupied. Its tenant roster includes four primary occupants: Smartworks Coworking Spaces, EFC Ltd, Paragraph Khajanchi Business Centre LLP, and a listed Swedish telecommunications multinational. The minimum investment required for this SM REIT is ₹10 lakh, corresponding to one unit.
