PropShare Celestia IPO Proceeds Used as Planned

PropShare Celestia has confirmed that the proceeds from its Initial Public Offering (IPO) have been utilized in accordance with the stated objectives. The company submitted a statement of deviations/variations for the quarter ended September 30, 2026, indicating that the Audit Committee and Board of Directors approved a reallocation of INR 1.13 million from project acquisition and sinking fund payments towards general corporate purposes. The total IPO amount raised was ₹2,446.50 million, with ₹2,378.01 million allocated to the acquisition of Project Celestia and related expenses, ₹23.50 million for issue expenses, and ₹34.00 million for general corporate purposes. No significant deviation from the original IPO utilization plan was reported.