PropShare Celestia Reports No Deviation in Utilization of IPO Proceeds for Q2 2026
PropShare Celestia has confirmed that the proceeds generated from its Initial Public Offering (IPO) have been utilized strictly according to the objectives set out in the Final Key Information of the Scheme, with no deviations or variations reported for the quarter ending June 30, 2026. The funds were deployed in line with the stated use of proceeds as outlined in April 17, 2026.The statement provided by PropShare Celestia confirms that all financial activities related to the third scheme of Property Share Investment Trust proceeded without any variation regarding the utilization of funds raised through the IPO.
Details concerning the fund raising and subsequent allocation are summarized below:
| Detail | Value |
|---|---|
| Mode of Fund Raising | Initial Public Offering of Units of the Scheme |
| Date of Raising Funds | April 24, 2026 |
| Amount Raised | Rs. 2,446.50 mn |
| Report Filed For Quarter End | June 30, 2026 |
Allocation and Utilization Breakdown
The initial funds raised were allocated across several corporate objectives. The table below details the original planned allocation versus the actual funds utilized for these purposes during the reporting period.| Objective Category | Original Allocation (Amount in Million) | Funds Utilized (Amount in Million) |
|---|---|---|
| Acquisition of Project Celestia and Payment to Society by SPVs | 2,379.14 | 2,378.01 |
| Issue Expenses (including GST) | 23.50 | 23.50 |
| General Corporate Purpose | 43.86 | 30.15 |
| Total | 2,446.50 | 2,431.66 |
The utilization of funds is categorized under the objects for which the funds were raised in the IPO. The acquisition expenditure was planned at Rs. 2,379.14 million and utilized Rs. 2,378.01 million. Issue Expenses were planned and utilized at Rs. 23.50 million each. For General Corporate Purpose, an allocation of Rs. 43.86 million was made, while the realized utilization stood at Rs. 30.15 million.
The total amount raised through the Initial Public Offering of Units of PropShare Celestia was reported as Rs. 2,446.50 million, and the funds utilized for the specified purposes amounted to Rs. 2,431.66 million.
Stock Price Movement
At the close of trading on Friday, PropShare Celestia settled at ₹1013501.01, declining by 0.64%. The shares traded within a narrow intraday range, moving from a low of ₹1013501.01 to an intra-day high of ₹1020000.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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