IPO Timelines
- IPO Open Date: Friday, April 10, 2026
- IPO Close Date: Thursday, April 16, 2026
- Allotment Date: Friday, April 17, 2026
- Initiation of Refunds: Monday, April 20, 2026
- Credit of Units to Demat: Monday, April 20, 2026
- Tentative Listing Date: Tuesday, April 21, 2026
IPO Details
- Issue Size: ₹352.86 Crore (Fresh issue of approximately 3.53 Crore units)
- Price Band: ₹100 per unit (Fixed Price Issue)
- Lot Size: 1,000 units
- Listing At: BSE SME platform
Investment Size
The minimum application for both retail investors and High Net-Worth Individuals (HNIs) is determined by the fixed lot size.
- Minimum Application (All Investors): 1 lot (1,000 units) amounting to ₹1,00,000.
Objective of the Issue
The capital raised will be used for:
- Acquisition of Grade A commercial office space, specifically ‘Celestia Space’, located in Mumbai (₹338.50 crore).
- General corporate purposes and issue-related expenses.
Key Market Indicators & Structure
- Structure: This is an Investment Trust, meaning investors will receive regular distributions (similar to dividends) from the rental income generated by the underlying property asset. The units will list and trade on the exchange.
- Lead Manager: Intelligent Capital Advisors Private Limited
- Registrar to the Issue: Maashitla Securities Private Limited
Disclaimer: IPO investments, particularly in SME and trust structures, are subject to significant market and liquidity risks. This is a unique asset class. Please read the offer documents (RHP) carefully and consult a financial advisor before making investment decisions.
