Blackstone Backed Knowledge Realty Trust REIT IPO To Hit D-Street | Mgmt Commentary & Key Details

Knowledge Realty Trust (KRT) sponspored by real estate firm Sattva Group & Blackstone, is set to open its ₹4,800-crore initial public offering (IPO) of India's fourth real estate investment trust (REIT), Knowledge Realty Trust, opened for subscription on August 5 and the issue closes on August 7. The price band for the IPO has been fixed between ₹95 and ₹100 per unit. Investors can bid for a minimum of 150 shares and in multiples thereof. Ahead of the issue opening, Knowledge Realty Trust REIT has already garnered ₹1,620 crore from anchor investors. This was in addition to ₹1,200 crore amount mobilised through strategic investors. Prior to this, the company had raised a pre-IPO round of ₹1,400 crore. With this, 70% of the IPO or ₹4,220 crore, is already committed. The Asia's second largest office REIT has set aside up to 75% of the issue size for institutional investors, and the remaining 25% for non-institutional investors. Catch Shailendra Bhatnagar in IPO conversation with Shirish Godbole, CEO, Knowledge Realty Trust (REIT) and Quaiser Parvez, COO, Knowledge Realty Trust (REIT) decoding the IPO proceeds, Key details and the growth plan.