Knowledge Realty Trust REIT IPO Soars 3.4x by Day 2
NEW DELHI: The initial public offering (IPO) of National Securities Depository Ltd (NSDL) achieved a subscription rate of 3.42 times on the second day of bidding, which occurred on Wednesday. The ₹4,800-crore REIT IPO received bids for 71,19,79,950 units against the 20,84,20,800 units available, reflecting a subscription rate of 3.42 times, based on data from the NSE. The segment allocated for other investor categories, including corporate and individual investors/NRI and HUF, was subscribed 5.88 times, while the institutional investors’ portion saw a subscription rate of 1.36 times. Knowledge Realty Trust announced on Monday that it has secured ₹1,620 crore from…