Property Share Investment Trust REIT IPO

Property Share Investment Trust REIT IPO is a book-built issue with a total size of ₹244.65 crore. The entire issue consists of a fresh issue. The IPO opens for subscription on April 10, 2026, and will close on April 16, 2026. 

The basis of allotment is expected to be finalised on April 17, 2026, and the shares are likely to be listed on BSE on April 24, 2026.

Ambit Private Limited is acting as the book running lead manager, while Kfin Technologies Limited has been appointed as the registrar to the issue.

Property Share Investment Trust REIT IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

• Acquisition of the Project Celestia and payment of sinking fund to society by Celestia SPVs (the “Proposed Acquisition”), and reimbursement or direct payment, asapplicable, 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 SPVs
• Remaining funds will be used for general corporate purposes.

About Property Share Investment Trust REIT Limited 

PropShare Celestia is the third scheme launched by Property Share Investment Trust, India’s first small and medium real estate investment trust registered with the Securities and Exchange Board of India (SEBI).

The scheme represents an offering across seven floors of Stratum @ Venus Grounds, a Grade A+ mixed-use commercial building featuring a distinctive atrium, located in the prime Nehru Nagar area of Ahmedabad (Source: JLL Report). Project Celestia has a super built-up area of 2,07,838 sq. ft. and is fully occupied by four tenants. These include three managed office and co-working operators—Smartworks Coworking Spaces Limited, EFC Limited (both publicly listed), and Paragraph Khajanchi Business Centre LLP (one of the top five co-working operators in Ahmedabad by number of operational seats)—as well as a Swedish-based listed telecommunications multinational corporation.

The lessees, primarily managed office providers and co-working operators, have established facilities within Project Celestia catering to a diversified base of 10 occupiers. This includes three Fortune Global 500 companies—a global consulting firm, a global technology company, and a global chemical company—and one Fortune 500 company, a US-based multinational FMCG company.

Other notable end users include Tech Mahindra, a US-based professional services firm, an Indian private sector bank, an Indian B2B e-commerce platform, a risk management and financial analytics solutions provider, and a data analytics and business intelligence firm. This diversified and high-quality tenant mix supports a stable and reliable income stream.

According to the JLL Report, Nehru Nagar’s strategic location within the SBD, along with strong connectivity, proximity to key urban infrastructure, and robust social amenities, enhances its attractiveness as an investment destination.

PropShare Celestia offers a projected distribution yield of 8.1% for FY 2026, 8.4% for FY 2027, 8.7% for FY 2028, and 8.9% for FY 2029. These projections are based on assumptions and estimates considered appropriate by the Investment Manager as of the date of the projections. The projections were approved by the board of directors of the Investment Manager on January 8, 2026, and have been certified by the auditors.

Industry Outlook

• India’s young and expanding working-age population will continue to drive long-term demand for office spaces.
• Rapid urbanization is expected to significantly increase demand for commercial real estate across major cities.
• Rising migration to urban centers will support sustained absorption of office and co-working spaces.
• Structural demographic trends are likely to contribute positively to economic growth and workspace demand.
• Government reforms such as RERA, GST, and REIT regulations have improved transparency and investor confidence.
• A maturing real estate market with better governance is attracting both domestic and institutional investments.
• Technological advancements and formalization are strengthening the overall efficiency of the real estate sector.
• Increasing corporate presence and expansion in urban hubs will further boost demand for Grade A office assets.

How To Apply for the Property Share Investment Trust REIT IPO Online?

• Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
• Locate the IPO Section: Navigate to the 'IPO' section on the platform.
• Select IPO: Find and select the Property Share Investment Trust REIT IPO from the list of open IPOs.
• Enter the Lot Size: Specify the number of lots you want to bid for.
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of Property Share Investment Trust REIT IPO?

• Steps to check IPO allotment status on Angel One’s app:
• Log in to the Angel One app.
• Go to the IPO Section and then to IPO Orders.
• Select the individual IPO that you had applied for and check the allotment status.
• Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Property Share Investment Trust REIT Limited 

Registered office: 16th Floor, SKAV Seethalakshmi, 21/22 Kasturba Road Bangalore Urban, Karnataka, 560001

Phone:+91 80 3100 390

E-mail: compliance.officer@propertyshare.in

Property Share Investment Trust REIT IPO Reservation

Property Share Investment Trust REIT IPO Registrar and Lead Managers

Property Share Investment Trust REIT IPO Lead Managers

Ambit Private Limited

Registrar for Property Share Investment Trust REIT IPO

Kfin Technologies Limited

Contact Number: 04067162222, 04079611000

Email Address: propshare3.ipo@kfintech.com

Strengths and Opportunities of Property Share Investment Trust REIT Limited

1. Project Celestia is part of Stratum @ Venus Grounds, an IGBC Platinum-certified Grade A+ commercial development with a distinctive atrium.
2. The scheme offers a stable income profile supported by a long WALE of 6.72 years and embedded rental growth.
3. The asset is fully occupied by a diversified tenant base including Fortune Global 500 and Fortune 500 companies.
4. Ahmedabad is an emerging commercial hub with strengthening infrastructure and economic growth.
5. The project benefits from a prime Nehru Nagar location with strong connectivity and limited upcoming Grade A+ supply.
6. The platform is backed by an experienced investment and asset management team with strong governance and institutional oversight.

Risks and Threats of Property Share Investment Trust REIT Limited

1. The market price of Celestia Units may decline post-issue due to market volatility and pricing dynamics.
2. The Issue Price may not accurately reflect the actual trading value of the units after listing.
3. Adverse economic conditions and real estate market performance may impact unit valuation.
4. Changes in investor sentiment, analyst expectations, or relative attractiveness versus other assets may affect demand.
5. Regulatory, tax, or policy changes related to REITs could negatively influence returns and pricing.
6. Interest rate movements, liquidity constraints, and broader capital market fluctuations may impact performance.