Mumbai: Property Share Investment Trust (“SM REIT”), India’s first registered Small and Medium Real Estate Investment Trust, has filed the Key Information of the Trust and Key Information of the Scheme (“Offer Documents”) for PropShare Celestia, their third scheme under the trust aggregating up to ₹ 244.65 crore.

The Bid/Issue opens Friday, April 10, 2026 and closes Thursday, April 16, 2026. The price band for the Issue is ₹ 10.00 lakhs to ₹ 10.50 Lakhs per Unit. The minimum bid size is ₹ 10,00,000 which is also the minimum investment amount for investment in SM REITs. Bids can be made for a minimum of 1 Unit and in multiples of 1 Unit thereafter.

The Scheme IPO is a fresh issue raising up to ₹ 244.65 crore for investment across seven identified floors in Venus Stratum, a Grade A+ mixed-use commercial building with a unique atrium located in prime Nehru Nagar, Ahmedabad (Source: JLL Report).

Project Celestia comprises a super- built-up area of 2,07,838 sq ft and is 100% occupied by a listed Swedish telecommunications MNC and a diversified base of 10 occupiers, comprising three Fortune Global 500 companies, which includes a Global Consulting company, Global Technology company and Global Chemical company, one Fortune 500 company and US-based multinational FMCG company. Other notable end users include a US-based leading professional services firm, an Indian private sector bank, an Indian B2B e-commerce platform, Risk management and financial analytics solutions provider and Data analytics and business intelligence firm. This high-quality and diverse tenant mix ensures a stable and reliable income stream.

According to the JLL Report, within Ahmedabad SBD, Nehru Nagar’s combination of strategic location, connectivity, proximity to key urban infrastructure and strong social amenities creates an attractive investment proposition for investors.

PropShare Celestia offers a projected distribution yield of 8.4% for FY 2027, 8.7% for FY 2028 and 8.9% for FY 2029. Also, the projected distribution yield is based on the assumptions and estimates as deemed appropriate and reasonable by the Investment Manager at the date of the Projections and has been adopted by the board of directors of the Investment Manager on January 8, 2026 and certified by the Auditors.

This Issue is being made through the Book Building Process and in compliance with the REIT Regulations, wherein not more than 75% of the Net Issue shall be available for allocation on a proportionate basis to Institutional Investors and balance 25% of the Net Issue shall be available for allocation to Non-Institutional Investors, in accordance with the REIT Regulations.

Kunal Moktan (Non-Independent Director and CFO), Property Share said “The SM REIT framework has been built to give investors direct exposure to Grade A office assets through a regulated, liquid, and institutionally managed structure, an approach already evaluated by Property Share with its first two offerings – Platina and Titania. With PropShare Celestia, investors can participate in a high-quality asset delivering an attractive projected yield of 8.4% (FY27), located in Ahmedabad, a rapidly emerging commercial hub that remains underrepresented in existing REIT portfolios. REITs and SM REITs are yield-driven instruments and are a good way to hedge in uncertain economic climates which can be seen in the performance of the previous two SM REIT schemes.”

Hashim Khan (Non-Independent Director and CEO), Property Share said “PropShare Celestia further strengthens access to Grade A+ commercial real estate at a relatively accessible entry point. As SM REITs redefine how real estate assets are owned and traded, we are excited to be at the forefront of this evolution with the launch of PropShare Celestia, setting the stage for a more transparent and inclusive investment landscape.”

Property Share has an experienced team comprising 24 members having academic pedigree from leading IITs and IIMs with institutional investing experience across leading international and domestic real estate funds.

Ambit Private Limited is the Sole Lead Manager to the Issue and KFin Technologies Ltd is the Registrar to the Issue. Axis Trustee Services Limited is the Trustee for the Issue, and PropShare Investment Manager Private Limited is the Investment Manager for the Issue. Cyril Amarchand Mangaldas is the legal advisor to the Issue. The Units are proposed to be listed on BSE Limited (“BSE”) (the “Stock Exchange”).

PropShare Celestia Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Celestia Units and has filed a Key Information of the Scheme dated March 25, 2026, with SEBI and BSE. The Key Information of the Scheme is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., https://www.ambit.co/, website of the BSE at www.bseindia.com and the website of the Investment Manager at https://www.propertyshare.in/.

The Celestia Units offered in the Issue have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Units offered in the issue are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”).