PropShare Celestia SM REIT Subscribed 1.29 Times on Day 4

Property Share Investment Trust's PropShare Celestia scheme closed its four-day subscription window at 1.29 times overall subscription by 4:18 PM on Day 4 (April 16, 2026). The ₹244.65 crore book-build SM REIT issue, priced at ₹10,00,000 to ₹10,50,000 per unit, received bids for 2,995 units against 2,323 units on offer.

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Subscription Status of PropShare Celestia SM REIT

Here are the subscription details for PropShare Celestia Property Share Investment Trust REIT Day 4, as of 5:04 PM:

Key Highlights – Day 4

• Overall subscription crossed full subscription at 1.29 times on the final day, improving from Day 3's 0.98 times, driven entirely by continued NII demand.
• Non-institutional investors led strongly at 4.65 times, building steadily from Day 3's 3.40 times, reflecting sustained HNI interest in this commercial real estate SM REIT.
• Qualified institutional buyers (ex-anchor) held steady at 0.17 times throughout the subscription period, unchanged from Day 1.
• This SM REIT has no retail investor category; participation is limited to institutional and non-institutional investors.

Key Highlights - Day 3

• Overall subscription reached 0.98 times, improving from Day 2's 0.79 times.
• Non-institutional investors improved to 3.40 times from Day 2's 2.66 times.
• Qualified institutional buyers (ex-anchor) held steady at 0.17 times, unchanged from Day 1.

Key Highlights - Day 2

• Overall subscription reached 0.79 times, improving from Day 1's 0.47 times.
• Non-institutional investors improved to 2.66 times from Day 1's 1.38 times.
• Qualified institutional buyers (ex-anchor) held steady at 0.17 times, unchanged from Day 1.

Key Highlights – Day 1

• Overall subscription reached 0.47 times on Day 1 (April 10, 2026), reflecting moderate initial interest in this commercial real estate SM REIT.
• Non-institutional investors crossed full subscription at 1.38 times on the opening day.
• Qualified institutional buyers (ex-anchor) showed subdued participation at 0.17 times on Day 1.

About PropShare Celestia

PropShare Celestia is the third scheme launched by Property Share Investment Trust, India's first SEBI-registered small and medium REIT. The scheme offers investors access to seven floors within Stratum at Venus Grounds, a Grade A+ mixed-use commercial development in the Nehru Nagar area of Ahmedabad, spanning 2,07,838 sq. ft. The scheme has three managed office and co-working operators including Smartworks Coworking Spaces Limited and EFC Limited, and serves a diversified base of 10 end occupiers including Tech Mahindra. Axis Trustee Services is the trustee to the scheme and PropShare Investment Manager Pvt. Ltd. is the investment manager.