NEW DELHI: Knowledge Realty Trust REIT has set the price range for its issue between ₹95 and ₹100 per unit. The bidding process opens on August 5, 2025, and concludes on August 7, 2025. The minimum bid size is ₹15,000, which translates to a minimum of 150 units, with additional bids made in multiples of 150 units for all bidders except anchor and strategic investors.
This offering includes a fresh issuance of units totaling up to ₹4,800 crore by Knowledge Realty Trust. A maximum of 75% of the issue (excluding the Strategic Investor portion) will be allocated proportionately to institutional investors, while at least 25% (excluding the Strategic Investor portion) will be available for non-institutional investors, as per REIT regulations.
The REIT sponsors are Sattva Developers and BREP Asia SG L&T Holding (NQ), part of Blackstone Funds. Axis Trustee Services serves as the trustee, and Knowledge Realty Office Management Services acts as the REIT manager.
As of March 31, 2025, the portfolio boasts 29 grade A office properties, covering 46.3 million sq ft, of which 37.1 million sq ft is completed, with an additional 9.2 million sq ft under construction and planned developments. The assets are strategically situated across six cities: Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City.
The issue is being managed by lead underwriters including Kotak Mahindra Capital Company, Axis Capital, BofA Securities India, ICICI Securities, IIFL Capital Services, JM Financial, Morgan Stanley India Company, and SBI Capital Markets. Kfin Technologies serves as the registrar for the issue.
