Knowledge Realty Trust IPO: Check Day One Subscription Status, GMP, Price Band And More

The mainboard initial public offering of Knowledge Realty Trust Ltd., has opened on Tuesday, Aug.5 and run till Aug.7. The price band for the Rs 4,800-crore REIT has been fixed between Rs 95 and Rs 100 per unit. This IPO is entirely a fresh issuance of units by Knowledge Realty Trust.

Knowledge Realty Trust, sponsored by realty firm Sattva Group and Blackstone, on Monday garnered Rs 1,620 crore from anchor investors ahead of its REIT public issue opening for public subscription.

In early March, KRT filed the draft red herring prospectus with SEBI to launch an IPO and list the REIT on stock exchanges. This is part of a strategy to monetise its 30 prime office assets across major cities.

Upon listing, Knowledge Realty will be the largest office REIT in the country based on gross asset value of Rs 59,445 crore as of the September quarter, according to a company's draft offer document. Knowledge Realty will be the fifth REIT to be launched in India and the fourth to be backed by the buyout firm.

• Issue opens: Aug.5.

• Issue closes: Aug.7.

• Issue price: Rs 95-100 per unit.

• Lot size: 150 shares.

• Issue type: Book building REITs

The issue has been subscribed 0.01 times or 1% as of 11.45 a.m.

• Qualified institutional buyers: nil.

• Other investors: 0.03 times or 3%.

• Individual investors: nil.

The grey market premium for Knowledge Realty Trust IPO stood at nil, as of 11:33 a.m. on Aug.5, according to InvestorGain.

GMP or grey market price is not an official indicator and is based on market speculation.