Mumbai : Knowledge Realty Trust REIT has garnered Rs. 1,620 crores from anchor investors and a strategic allocation of Rs. 1,200 Cr ahead of its initial public offering that opens for public subscription on Tuesday, August 5, 2025. Prior to this, the company had raised a pre-IPO round of Rs 1,400 crores.

With this 70% of the IPO or Rs 4,220 Cr is already committed. For Balance public offering of Rs 1,980 Cr (Institutional component of Rs 1080 cr and Retail + HNI component of Rs 900 cr) the Bid/Issue opens Tuesday, August 05, 2025 and closes Thursday, August 07, 2025. The minimum bid size is ₹15,000, the minimum investment amount. The price band for the Offer has been determined at Rs 95 – Rs 100 per equity share.

Investor details:

  • Strong investor demand reflected in the widest book with allocation to more than 50 investors 
  • About 45% of allocation has been made to the insurance and pension funds which are long term holders
  • Some of the marquee Institutions that participated in the Rs 1,620 cr Anchor includes – LIC, Tata AIG, Nippon MF, Axis MF, Tata MF, FT MF, Amundi, Wells Capital, PIMCO, SBI Pension, Jhunjhunwala Trust, 360 One among others.
  • Some of the marquee Institutions that participated in the Rs 1,200 cr Strategic includes –  LIC, SBI Life, UTI MF, HDFC Life, Kotak Life, 360 One among others
  • Some of the prominent HNIs in the pre-IPO round of Rs 1400 cr include RK Damani, Karan Bhagat trust, 360 One office among others.
  • First time participation from LIC in any REIT IPO
  • Broad participation from Tata Group right from mutual fund, insurance and AIF

The proceeds from the issue to the extend Rs. 4,640 crores are proposed to be used in partial or full repayment or prepayment of certain financial indebtedness of the Asset SPVs and the Investment Entities and rest for general corporate purposes.

The Sponsors to the issue are Sattva Developers Private Limited and BREP Asia SG L&T Holding (NQ) Pte. Ltd. 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 issue.

The IPO comprises of fresh issuance of Units up to ₹4,800 crore by the Knowledge Realty Trust (the “Issue”). This Issue is being made through the Book Building Process and in compliance with the Securities and Exchange Board of India (Real Estate Investment Trusts)  Regulations, 2014 (“REIT Regulations”) and the REIT Master Circular dated July 11, 2025, wherein not more than 75% of the Issue (excluding the Strategic Investor portion) shall be available for allocation on a proportionate basis to Institutional Investors and not less than 25% of the Issue (excluding the Strategic Investor portion) shall be available for allocation to Non-Institutional Investors, in accordance with the REIT Regulations.