Property Share Investment Trust–Propshare Celestia SM REIT IPO Day 1 Subscription Status at 0.80x
By HDFC SKY | Published at: Apr 15, 2026 11:14 AM IST
Property Share Investment Trust–Propshare Celestia SM REIT IPO shows a slow but steady start on Day 1, with overall subscription reaching 0.80x, supported primarily by HNI demand.
Mumbai, April 15: The first day of bidding for Property Share Investment Trust–Propshare Celestia SM REIT IPO did not unfold with urgency, but neither was it inactive. Subscription inched up through the morning, reflecting selective participation rather than broad-based demand.
As of 10:05 AM on April 15, 2026, the issue was subscribed 0.80 times.
This ₹244.65 crore offering, entirely a fresh issue, is priced between ₹10,00,000 and ₹10,50,000 per unit. The IPO opened on April 10 and will close on April 16, with listing scheduled on the BSE.
Property Share Investment Trust–Propshare Celestia SM REIT IPO Day 1 Subscription Status
By mid-morning, the subscription stood at 0.80x. The build-up has been gradual, without sharp spikes in demand across segments.
Category-wise Property Share Investment Trust–Propshare Celestia SM REIT IPO Subscription Status
| Category | Subscription (x) |
| QIB (Ex Anchor) | 0.17 |
| NII/HNI | 2.70 |
| Retail | — |
| Total | 0.80 |
The pattern is clear. The NII segment has moved ahead decisively, crossing multiple times subscription early in the day. Institutional participation, however, remains muted, and retail demand is yet to reflect in the reported data.
Property Share Investment Trust–Propshare Celestia Day’s Wise Subscription Summary
| Date | QIB (x) | NII (x) | Total (x) |
| April 15 (Day 1) | 0.17 | 2.70 | 0.80 |
A narrow base of demand, but a defined one.
Property Share Investment Trust–Propshare Celestia SM REIT IPO Timeline
| Event | Date |
| Issue Open Date | April 10, 2026 |
| Issue Close Date | April 16, 2026 |
| Basis of Allotment | April 17, 2026 |
| Initiation of Refunds | April 20, 2026 |
| Credit of Shares | April 20, 2026 |
| Listing Date | April 24, 2026 |
Brief Overview Of The IPO
The IPO aggregates to ₹244.65 crore and consists entirely of a fresh issuance of 2,330 units. The high ticket size places it in a specialised bracket within the primary market, typical of SM REIT offerings.
The trust structure provides exposure to income-generating commercial real estate assets, offering a regulated investment route tied to leased property portfolios.
Ambit Pvt Ltd is acting as the book running lead manager, while Kfin Technologies Ltd is the registrar to the issue.
The opening session reflects a quiet start rather than a weak one. Activity is present, but uneven. Whether broader participation builds in the remaining days will be the key factor to watch.
Source: https://www.nseindia.com/market-data/all-upcoming-issues-ipo
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