The initial public offer (IPO) of PropShare Celestia SME REIT was successfully subscribed 1.33 times, with bids for 3,090 units against 2,323 units available. The IPO, which opened on April 10, 2026, and closed on April 16, 2026, aims to raise ₹244.65 crore (approximately $29.5 million USD) for the acquisition of Project Celestia and related statutory payments. Notably, the other investors category, which includes corporates and individuals, was subscribed 4.81 times, while the institutional investors category lagged at 0.17 times. PropShare Celestia, part of India's first small and medium real estate investment trust registered with the Securities and Exchange Board of India (SEBI), boasts a fully occupied project with a super built-up area of 2,07,838 sq. ft. The projected distribution yield for the next four fiscal years is set to increase from 8.1% in FY26 to 8.9% in FY29, despite the trust posting a loss of ₹20.01 crore (approximately $2.4 million USD) in FY25.