Quarterly statement of deviation/variation in use of IPO proceeds; no deviation for quarter ended September 30, 2026
Quarterly statement of deviation/variation in use of IPO proceeds for the quarter ended September 30, 2026.
- Amount raised
- Rs. 2,446.50 mn
- Total funds utilised
- 2,435.51 mn
- Deviation or variation in use of funds raised
- No deviation or variation in use of funds raised
Quarterly statement on use of IPO proceeds
PropShare Celestia, the third scheme of Property Share Investment Trust, has submitted its quarterly statement of deviation or variation in the use of the proceeds of its initial public offering of units, for the quarter ended September 30, 2026. The funds were raised on April 24, 2026.
The headline answer
- The statement records: is there a deviation or variation in use of funds raised - No.
- Comments of the Audit Committee after review: None. Comments of the auditors: None.
The money, as stated in the table (amounts in million)
- Amount raised: Rs. 2,446.50 mn
- Acquisition of Project Celestia and payment of sinking fund to society by the Celestia SPVs, and statutory charges: original allocation 2,379.14, modified allocation 2,378.01, funds utilised 2,378.01
- Issue expenses (including GST): original allocation 23.50, funds utilised 23.50
- General corporate purpose: original allocation 43.86, modified allocation 44.99, funds utilised 34.00
- Total funds utilised: 2,435.51
What was reallocated
- The Audit Committee and Board of Directors of the Investment Manager, in their meeting held on July 13, 2026, approved the reallocation of unutilised IPO proceeds of INR 1.13 million, earmarked towards the acquisition of Project Celestia and payment of sinking fund by the Celestia SPVs, towards general corporate purpose.
- That is why the allocation to the acquisition moved from 2,379.14 to 2,378.01 and the general corporate purpose allocation moved from 43.86 to 44.99.
How a unitholder can read this
- The proceeds of the initial public offer of units have been utilised in line with the objectives stated in the Final Key Information of the Scheme dated April 17, 2026, and the modifications approved in July 2026.
- In the acquisition bucket, the modified allocation and the amount utilised are the same figure, 2,378.01. In the general corporate purpose bucket, 44.99 was allocated and 34.00 was utilised.
- The total utilised figure of 2,435.51 compares with the amount raised of Rs. 2,446.50.
Also from PropShare Celestia
Quarterly unitholding pattern: 2330 units outstanding, sponsor group holds 5.02%
12 Oct 2026
Q2 FY 2026-27 corporate governance compliance report submitted to the Exchange
12 Oct 2026
Record date for quarterly distribution fixed at October 15, 2026
12 Oct 2026
More numbers
- Amount raised through IPO of unitsRs. 2,446.50 mn
- Total funds utilised (amount in million)2,435.51
- Original allocation - Project Celestia acquisition and sinking fund (amount in million)2,379.14
- Modified allocation and funds utilised - Project Celestia acquisition and sinking fund (amount in…2,378.01
- Issue expenses including GST - allocation and utilisation (amount in million)23.50
- Modified allocation - general corporate purpose (amount in million)44.99
- Funds utilised - general corporate purpose (amount in million)34.00
- Unutilised IPO proceeds reallocated to general corporate purposeINR 1.13 million
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