New Delhi, April 15 -- PropShare Celestia, the third small and medium REIT scheme of Property Share Investment Trust (REIT), began on Friday, April 10 and will conclude on Thursday, April 16. Propshare Celestia SM REIT IPO price band of Rs.10-10.50 lakh per unit.

The minimum bid size is Rs.10 lakh, which also represents the minimum investment required for SM REITs. Bids can start with a minimum of 1 unit and can be placed in increments of 1 unit thereafter.

The property is leased to four main tenants, which include three companies that operate managed office spaces - Smartworks Coworking Spaces, EFC Ltd (both publicly traded), and Paragraph Khajanchi Business Centre LLP. The fourth primary tenant is a publicly traded Swedish telecommuni...