PropShare Celestia IPO Review | APPLY or AVOID?
PropShare Celestia REIT started in 2026. It operates in the Real Estate Investment Trust industry and provides investment opportunities in commercial properties to its customers across India. This business is based in Bangalore. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio.
PropShare Celestia shows steady growth, but the lack of a long-term track record remains a key concern for investors. This new instrument is suitable only for those who can handle high risks for long-term gains.
IPO Details | |
|---|---|
| Issue Type | Book Building |
| IPO Category | REIT |
| Face Value | – |
| Fresh Issue | ₹244.65 Crore |
| Offer for Sale | – |
| Listing At | BSE |
Reservation & Lot Size | |
|---|---|
| Retail (Min) | – | – |
| Retail (Max) | – | – |
| S-HNI (Min) | – | – |
| S-HNI (Max)| – | – |
| B-HNI (Min) | – | – |
| Market Maker | – |
✅ Strengths
⚠️ Challenges
Financial Update
The company released its restated financial statements for the year ending March 31, 2025. Promoter/manager: Total revenue was ₹5.34 crore. The net profit for the same period was ₹-20.02 crore. Assets increased by -% compared to the previous year. The trust is a new setup with no history. This trend should be carefully studied prior to any investment.
IPO Valuation
The upper price band is ₹10,50,000. This price leads to a Price-to-Earnings (P/E) ratio of -. The industry’s average P/E is -. The valuation is hard to judge as the trust has no past profit history.
IPO Objective
IPO will use the offer proceeds to meet stated objectives:
Promoters & Lead Manager
Peer Comparison
Below is a comparison of the company with its listed peers, based on data from April 2026. This is the third such scheme from the same group in India.
| Company | CMP | EPS | P/E | ROE % |
|---|---|---|---|---|
| PropShare Celestia | ₹10,50,000 | - | - | - |
| PropShare Platina | - | - | - | - |
| PropShare Titania | - | - | - | - |
Financial data sourced from annual reports and stock exchange data, using restated financial statements for 2024-25. NAV per share (closing net worth divided by weighted average number of paid-up equity shares) and RoNW (net profit after tax divided by closing net worth).
IPO Review & Analyst Rating
PropShare Celestia InvIT is a fresh attempt to bring small-scale real estate investing to big investors. The trust wants to buy floors in a big office building in Ahmedabad. It has famous tenants like Tech Mahindra. But the trust itself is brand-new and has no history of profitability. The minimum ticket size is very high at over ten lakh rupees. This makes it a product for wealthy people who can wait for years. Investors should check if they can take the risk of a new financial product.
| Analyst Name | Recommendation |
|---|---|
| Dilip Davda | Not Rated |
| Brokerage Firms | Not Rated |
Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.
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