Latest news with #KnowledgeRealtyTrust
Business Standard
4 days ago
- Business
- Business Standard
Knowledge Realty Trust (REIT) IPO ends with 12.48x subscription
The offer received bids for 260.09 crore units as against 20.84 crore units on offer. The initial public offer (IPO) of Knowledge Realty Trust (REIT) received bids for 2,60,09,22,900 units as against 20,84,20,800 units on offer, as per the National Stock Exchange (NSE) website data at 17:30 IST on 7 August 2025. The issue was subscribed 12.48 times. The institutional investors category, comprising foreign institutional investors, domestic financial institutions, and mutual funds, was subscribed just 9.07 times. The other investor category, made up of corporations, individual investors, and others, was subscribed to 16.57 times. The issue opened for bidding today, 5 August 2025 and it closed on Thursday, 7 August 2025. The price band of the IPO is fixed at Rs 95 to 100. The minimum order quantity is 150 units. The IPO comprised fresh units, aggregating to Rs 4,800 crore. The proceeds from the offer will be utilised towards partial or full repayment or prepayment of certain financial indebtedness of the asset SPVs and the investment entities, amounting to Rs 4,640 crore and general purpose. Ahead of the IPO, Knowledge Realty Trust, on 4 August 2025, raised Rs 1,620 crore from anchor investors. The board allotted 16.20 crore shares at Rs 100 each to 63 anchor investors. The trust had earlier raised Rs 1,200 crore from strategic investors. Knowledge Realty Trust owns and manages a high-quality office portfolio in India. The companys portfolio comprises 29 Grade A office assets totaling 46.3 msf as of March 31, 2025, with 37.1 msf of completed area, 1.2 msf of under-construction area, and 8.0 msf of future development area. The firms portfolio assets house a diversified tenant mix of prominent multinational tenants, including Fortune 500 companies and global capability centers (GCCs), as well as leading domestic corporates. The companys portfolio assets are spread across 6 cities, namely Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City, Ahmedabad. The firm reported a gross asset value (GAV) of Rs 61,998.9 crore and total portfolio revenue from operations of Rs 39,301.01 crore as on 31 March 2025.
Economic Times
5 days ago
- Business
- Economic Times
Knowledge Realty Trust REIT IPO allotment: Here's how to check status
Investors who applied for the IPO can check their allotment status in the following ways: Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The allotment status for the much-anticipated Knowledge Realty Trust REIT IPO, which closed on August 7, is expected to be finalized today. The Rs 4,800-crore public issue, the largest REIT IPO in India till date, received a robust response from investors, subscribing 12.48 times Qualified Institutional Buyers (QIB) portion was subscribed 9.07 times, while non-institutional investors (NII) flooded the issue with a staggering 16.57 times subscription. The listing is scheduled for August 18 on both the BSE and Realty Trust is the largest office REIT in India by Gross Asset Value and the second-largest globally in terms of leasable area. The portfolio spans over 46.3 million sq. ft., with a committed occupancy of 91.4%, spread across top Indian cities including Bengaluru, Hyderabad, Mumbai, Gurugram, Chennai, and GIFT Website ( KFin Technologies ):Visit Select 'Knowledge Realty Trust REIT' from the your PAN, application number, or DP/client to view your Website: ( Select 'Equity' and choose the issue your PAN and application number to check for non-allottees will be initiated by August 13. Shares will be credited to demat accounts the same its high-quality portfolio and steady rental yields, Knowledge Realty Trust is seen as a long-term yield-generating play in the real estate investment space. While initial listing gains may be muted, analysts suggest the REIT offers a stable income avenue for long-term investors.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
5 days ago
- Business
- Time of India
Knowledge Realty Trust REIT IPO allotment: Here's how to check status
The allotment status for the much-anticipated Knowledge Realty Trust REIT IPO, which closed on August 7, is expected to be finalized today. The Rs 4,800-crore public issue, the largest REIT IPO in India till date, received a robust response from investors, subscribing 12.48 times overall. The Qualified Institutional Buyers (QIB) portion was subscribed 9.07 times, while non-institutional investors (NII) flooded the issue with a staggering 16.57 times subscription. The listing is scheduled for August 18 on both the BSE and NSE. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like With temperatures hitting 95°F, this is the mini air conditioner everyone's buying in the U.S News of the Discovery Undo Knowledge Realty Trust is the largest office REIT in India by Gross Asset Value and the second-largest globally in terms of leasable area. The portfolio spans over 46.3 million sq. ft., with a committed occupancy of 91.4%, spread across top Indian cities including Bengaluru, Hyderabad, Mumbai, Gurugram, Chennai, and GIFT City. Investors who applied for the IPO can check their allotment status in the following ways: Registrar Website ( KFin Technologies ): Live Events Visit Select 'Knowledge Realty Trust REIT' from the dropdown. Enter your PAN, application number, or DP/client ID. Submit to view your status. BSE Website: ( ) Select 'Equity' and choose the issue name. Enter your PAN and application number to check status. Refunds for non-allottees will be initiated by August 13. Shares will be credited to demat accounts the same day. With its high-quality portfolio and steady rental yields, Knowledge Realty Trust is seen as a long-term yield-generating play in the real estate investment space. While initial listing gains may be muted, analysts suggest the REIT offers a stable income avenue for long-term investors. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Standard
5 days ago
- Business
- Business Standard
Knowledge Realty Trust (REIT) IPO subscribed 7.64 times
The offer received bids for 159.29 crore units as against 20.84 crore units on offer. The initial public offer (IPO) of Knowledge Realty Trust (REIT) received bids for 1,59,29,46,300 units as against 20,84,20,800 units on offer, as per the National Stock Exchange (NSE) website data at 17:30 IST on 7 August 2025. The issue was subscribed 7.64 times. The issue opened for bidding today, 5 August 2025 and it will close on Thursday, 7 August 2025. The price band of the IPO is fixed at Rs 95 to 100. The minimum order quantity is 150 units. The IPO comprises fresh units, aggregating to Rs 4,800 crore. The proceeds from the offer will be utilised towards partial or full repayment or prepayment of certain financial indebtedness of the asset SPVs and the investment entities, amounting to Rs 4,640 crore and general purpose. Ahead of the IPO, Knowledge Realty Trust on Monday, 4 August 2025, raised Rs 1,620 crore from anchor investors. The board allotted 16.20 crore shares at Rs 100 each to 63 anchor investors. The trust had earlier raised Rs 1,200 crore from strategic investors. Knowledge Realty Trust own and manage a high-quality office portfolio in India. The companys portfolio comprises 29 Grade A office assets totaling 46.3 msf as of March 31, 2025, with 37.1 msf of completed area, 1.2 msf of under construction area and 8.0 msf of future development area. The firms portfolio assets house a diversified tenant mix of prominent multinational tenants, including fortune 500 companies and global capability centers (GCCs), as well as leading domestic corporates. The companys portfolio assets are spread across 6 cities, namely Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram and GIFT City, Ahmedabad. The firm reported a gross assets value (GAV) of Rs 61,998.9 crore and total portfolio revenue from operations of Rs 39,301.01 crore as on 31 March 2025.
Time of India
5 days ago
- Business
- Time of India
Knowledge Realty Trust REIT IPO gets 3.4 times subscription on day 2 of offer
NEW DELHI: The initial public offer of National Securities Depository Ltd ( NSDL ) fetched 3.42 times subscription on the second day of bidding on Wednesday. The Rs 4,800-crore REIT initial public offering (IPO) received bids for 71,19,79,950 units against 20,84,20,800 units on offer, translating into 3.42 times subscription, as per NSE data. The issue meant for other investors' categories such as corporates and individuals investors/NRI and HUF was subscribed 5.88 times, while the portion for Institutional Investors received 1.36 times subscription. Knowledge Realty Trust on Monday said it had garnered Rs 1,620 crore from anchor investors. Additionally, the company received a strategic allocation of Rs 1,200 crore from institutional investors. The IPO will conclude on Thursday. It had set a price band of Rs 95 to Rs 100 per unit. This IPO is entirely a fresh issuance of units by Knowledge Realty Trust. In early March, KRT filed the draft red herring prospectus (DRHP) with Sebi to launch an IPO and list the REIT on stock exchanges. This is part of a strategy to monetise its 30 prime office assets across major cities. Initially, the company planned to raise a total of Rs 6,200 through a public issue. In June, it raised Rs 1,400 crore from investors. Accordingly, the issue size has been reduced to Rs 4,800 crore. KRT is set to become India's largest REIT by gross asset value (around Rs 62,000 crore). Its net operating income stood at Rs 3,432 crore in the previous financial year. KRT owns over 46 million sq ft of office assets across 29 assets in six cities, primarily Mumbai, Bengaluru, and Hyderabad. Blackstone and Sattva will continue to own about 80 per cent of the REIT. At present, there are four listed REITs (real estate investment trusts) in India -- Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. Apart from Nexus Select Trust, the other three REITs are backed by rent-yielding office assets. Nexus owns a large portfolio of retail real estate spaces. Bengaluru-based Sattva Developers has so far constructed 74 million sq ft across seven Indian cities in commercial, residential, co-living, co-working, hospitality, and data centre sectors. An additional 75 million sq ft is in the planning and implementation stage. Blackstone, one of the leading global investment firms, has a huge exposure in the Indian real estate market.
