StockWatch
·
Real Estate Investment Trusts (REITs)
Clarification13 Jul 2026, 06:10 pm

PropShare Celestia IPO Funds Used as Stated, Minor Reallocation Approved

AI Summary

PropShare Celestia has confirmed that proceeds from its Initial Public Offer (IPO) have been utilized in line with the stated objectives, with no significant deviations. A minor reallocation of INR 1.13 million from acquisition funds to general corporate purposes was approved by the Audit Committee and Board of Directors of the Investment Manager on July 13, 2026. The total IPO amount raised was ₹2,446.50 million, with funds utilized for acquisition, issue expenses, and general corporate purposes. The report covers the quarter ended June 30, 2026.

Key Highlights

  • IPO proceeds utilized as per stated objectives.
  • Minor reallocation of ₹1.13 million approved for general corporate purposes.
  • Total IPO raised ₹2,446.50 million.
  • No deviation from original use of funds reported.
  • Report covers Q1 FY27 (ended June 30, 2026).