Units of PropShare Celestia, the third small and medium real estate investment trust (SM Reit) scheme in India, closed at ₹10.35 lakh per unit on their debut, reflecting a 1.4% decline from the issue price of ₹10.50 lakh. The offering, which raised ₹244.65 crore (approximately $29 million), was subscribed 1.18 times, with non-institutional investors showing significant interest at a 4.24-times subscription rate. In another development, PlaySimple Games Ltd, a subsidiary of Swedish gaming firm Modern Times Group (MTG), has filed draft papers for a ₹3,150 crore ($350 million) Initial Public Offering (IPO), which will be entirely an Offer For Sale, meaning proceeds will go to MTG rather than PlaySimple. Additionally, the Securities and Exchange Board of India (Sebi) has approved four IPOs from various companies, including logistics firm Yatayat Corporation and residential developer Grand Housing, indicating a vibrant IPO market despite mixed performance.