Knowledge Realty Trust IPO: Rs 4,800 crore issue to open on August 5. Check price band, issue details
ADVERTISEMENT Bids can be made for a minimum of 150 units and in multiples of 150 units thereafter, by bidders other than anchor and strategic investors. The minimum bid amount is Rs 15,000. This IPO comprises a fresh issuance of units worth up to Rs 4,800 crore by Knowledge Realty Trust through the book-building process.
As per REIT regulations, up to 75% of the issue (excluding the strategic investor portion) will be allocated on a proportionate basis to institutional investors, while not less than 25% will be available to Non-Institutional Investors (NIIs).
The offer document states that this REIT will be India's largest by Gross Asset Value (GAV) and most geographically diverse office REIT upon listing.As of March 31, 2025, the portfolio includes 29 Grade A office properties spanning 46.3 million square feet, comprising 37.1 msf of completed area and 9.2 msf of under-construction and future development.The assets are strategically located across six cities—Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City in Ahmedabad—and are leased to a diverse tenant base including MNCs, global capability centers, and leading domestic firms.
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The sponsors of the REIT are Sattva Developers Private Limited and BREP Asia SG L&T Holding (NQ) Pte. Ltd. (a portfolio company of Blackstone Funds).
Axis Trustee Services Limited is the Trustee, and Knowledge Realty Office Management Services Private Limited (formerly known as Trinity Office Management Services Private Limited) is the Manager to the REIT.
ADVERTISEMENT Sattva Group Managing Director Bijay Agarwal stated that Knowledge Realty Trust is the culmination of the company's 30-year vision that India deserves world-class office infrastructure.'Our partnership with Blackstone has been transformative—not just in scale, but in demonstrating how the right collaboration can create something truly exceptional while making premium office real estate accessible to all investors,' Agarwal said.
ADVERTISEMENT Asheesh Mohta, Senior Managing Director at Blackstone Real Estate, said the company is thrilled to launch Knowledge Realty Trust with its long-standing partner Sattva.The lead managers to the issue are: Kotak Mahindra Capital, Axis Capital, BofA Securities India, ICICI Securities, IIFL Capital Services (formerly IIFL Securities), JM Financial, Morgan Stanley India, and SBI Capital Markets. The registrar to the issue is Kfin Technologies Limited.
ADVERTISEMENT The units are proposed to be listed on BSE and NSE.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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