NEW DELHI: Knowledge Realty Trust REIT has successfully raised ₹1,620 crore from anchor investors, along with an additional ₹1,200 crore through strategic allocations targeting institutional investors, as it gears up for its initial public offering (IPO) set to open on August 5, 2025. This follows a pre-IPO funding round that garnered ₹1,400 crore.
The board of directors for Knowledge Realty Office Management Services, the entity managing the Knowledge Realty Trust, has finalized the allocation of 16,20,00,000 units to anchor investors at ₹100 per unit.
With this allocation, 70% of the IPO (amounting to ₹4,220 crore) has already been secured. The remaining public offering of ₹1,980 crore includes an institutional portion of ₹1,080 crore and a retail plus HNI component of ₹900 crore, which will be open for bidding from August 5 to August 7, 2025. The minimum investment size is set at ₹15,000, with a price range of ₹95-₹100 per equity share.
Key participants in the anchor round included 360 ONE Real Assets Advantage Fund, which emerged as the largest investor with an allocation of 1.8 crore units, representing 11.11% of the anchor portion. TATA AIG General Insurance Company followed with 1.5 crore units, or 9.26% of the anchor allocation, while 360 ONE Income Opportunities Fund – Series 4 received 1.2 crore units, accounting for 7.41%.
Other notable institutions involved included Life Insurance Corporation of India with 99.99 lakh units (6.17%), and NPS Trust – A/C SBI Pension Fund Scheme (State Govt), which received 55 lakh units, making up 3.40% of the anchor allocation. Additionally, several entities from the Jhunjhunwala Discretionary Trusts secured approximately 65 lakh units each.
Prominent institutions participating in the ₹1,620 crore anchor round include:
360 One Real Assets Advantage Fund: Allocated 1,80,00,000 units, representing 11.11% of the anchor investor allocation, equating to ₹180 crore.
Tata AIG General Insurance Company: Received 1,50,00,000 units, account for 9.26% of the anchor tranche, totaling ₹150 crore.
Life Insurance Corporation of India (LIC): Allotted 99,99,900 units, or 6.17% of the anchor stake, with a total commitment of ₹99 crore.
In the strategic allocation of ₹1,200 crore, major participants included LIC, SBI Life, UTI Mutual Fund, HDFC Life, Kotak Life, and 360 One. The pre-IPO round of ₹1,400 crore attracted interest from prominent HNIs such as R.K. Damani, Karan Bhagat Trust, and 360 One Office.
The proceeds from the offering, amounting to ₹4,640 crore, are intended for the partial or full repayment of certain financial obligations of the Asset SPVs and the Investment Entities, with the remaining funds allocated for general corporate purposes.
The sponsors for the issue are Sattva Developers and BREP Asia SG L&T Holding (NQ). Axis Trustee Services is serving as the trustee for the issuance.
The IPO comprises fresh issuance of units up to ₹4,800 crore by Knowledge Realty Trust, conducted through a book-building process and adhering to the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014. No more than 75% of the issue (excluding the Strategic Investor portion) will be allocated on a proportionate basis to institutional investors, while at least 25% (excluding the strategic investor portion) will be available for non-institutional investors.
