PropShare Celestia SM REIT IPO Day 3: GMP ₹0
As the PropShare Celestia SM REIT IPO enters its third day of subscription, the market remains in a state of anticipation. With the subscription period running from April 10th to April 16th, 2026, investors have had two full days to consider this Mainboard IPO on the BSE. The issue price remains fixed at ₹1,000,000 per share, with a lot size of just one share, indicating a significant investment threshold for participation.
| Date | GMP | Est. Listing |
|---|---|---|
| 15 Apr | ₹0 | ₹1,000,000 |
| 14 Apr | ₹0 | ₹1,000,000 |
| 13 Apr | ₹0 | ₹1,000,000 |
| 11 Apr | ₹0 | ₹1,000,000 |
| 10 Apr | ₹0 | ₹1,000,000 |
Subscription Status
The subscription numbers on Day 3 for the PropShare Celestia SM REIT IPO currently stand at zero across all categories: Retail, NII (Non-Institutional Investors), and QIB (Qualified Institutional Buyers). A total subscription of 0x reflects no demand registered in any segment. This lack of subscription, particularly on the third day, can indicate several possibilities. It might suggest that potential investors are waiting for more information, observing market trends, or perhaps assessing the REIT’s underlying assets and future prospects more closely. For a Mainboard IPO, especially one with a substantial issue price, initial subscription phases often see a slower uptake as institutional investors and larger players conduct their due diligence.
GMP Update
The Grey Market Premium (GMP) for PropShare Celestia SM REIT IPO is currently at ₹0. This indicates no premium is being offered in the unofficial market for the shares. Yesterday, the GMP also stood at ₹0. A consistent GMP of zero suggests that the grey market sentiment is neutral, and there is no immediate expectation of a significant listing gain based on this informal indicator. The expected listing price is currently pegged at the issue price of ₹1,000,000, reflecting the market’s current valuation without any added premium.
Should You Apply?
Based on the current subscription data and the unchanged GMP, the PropShare Celestia SM REIT IPO exhibits a subdued market sentiment at this juncture. The absence of subscription across all categories and a neutral GMP do not provide strong signals for immediate investment. However, it is important to remember that the subscription period is still open, and investor interest can change. As per SEBI’s advisory, investors should conduct thorough research and consider their own risk appetite before making investment decisions. The REIT’s fundamentals, the performance of similar REITs in the market, and future economic outlook will play crucial roles in its long-term success.