Property Share Investment Trust-Propshare Celestia IPO

Project Celestia is a part of Stratum @ Venus Grounds, a landmark IGBC Platinum-certified, Grade A+ mixed-usecommercial building, featuring a unique atrium.

Sound business model with embedded rental growth and stable cash flows backed by a long WALE of 6.72 years.

100% occupancy by a diversified underlying tenant and end user portfolio comprising of 3 Fortune Global 500companies, one Fortune 500 company and other notable tenants.

Located within prime Nehru Nagar, between CBD & SBD and in proximity to major infrastructure developmentslike the BRTS, metro and upcoming bullet train, with low vacancy and no upcoming Grade A+ supply.

Experienced investment and asset management team with oversight and strong corporate governance through anexperienced Board and marquee investors.

The company has not executed certain agreements for the proposed acquisition of the Project Celestia and the companys ability to consummate these transactions will impact the ability of the Investment Manager to complete this Issue.

PropShare Celestia has no operating history and may not be able to operate its business successfully, achieve its business objectives or generate sufficient cash flows to make or sustain distributions.

A substantial portion (approximately 97.32% of total Super Built-Up Area) of the Project Celestia have been leased to managed office providers and co-working space operators who have further entered into contracts with end users, and any adverse impact on the business of such end users may adversely affect its lessees ability to meet their obligations and, consequently, the companys revenues and financial condition.

The companys business, revenues and profitability are dependent on the performance of the commercial real estate market in India. Fluctuations in the general economic, market and other conditions may affect the commercial real estate market in India, specifically in Nehru Nagar, Ahmedabad, and in turn, the companys ability to lease the Project Celestia to tenants on favourable terms.

The companys actual results may be materially different from the Projections included in this Key Information of the Scheme. Accordingly, investors should not place undue reliance on, or base their investment decision solely on, this information.

The title and development rights or other interests over land where the companys Project Celestia is located may be subject to legal uncertainties, which may interfere with its ownership rights and result in the company incurring costs to remedy and cure such defects.

Ahmedabad is an emerging office market undergoing transition to maturity, and its limited track record and lower occupier penetration compared to established markets may adversely affect its ability to attract quality tenants and achieve optimal lease terms.

The Investment Manager may not be able to execute its growth strategy successfully resulting in inability to offer projected yields.

The Valuation Report obtained for its Project Celestia is only indicative in nature as it is based on various assumptions and may not be indicative of the true value of Project Celestia.

Any termination of Lease Deeds or vacancy in the Project Celestia may result in non-compliance with the requirement to invest at least 95% of the schemes assets in completed and revenue generating properties, which could adversely affect the company and the companys ability to operate in accordance with the REIT Regulations.