The Qualified Institutional Buyers (QIB) portion was subscribed 9.07 times, while non-institutional investors (NII) flooded the issue with a staggering 16.57 times subscription. The listing is scheduled for August 18 on both the BSE and NSE.
Knowledge Realty Trust is the largest office REIT in India by Gross Asset Value and the second-largest globally in terms of leasable area. The portfolio spans over 46.3 million sq. ft., with a committed occupancy of 91.4%, spread across top Indian cities including Bengaluru, Hyderabad, Mumbai, Gurugram, Chennai, and GIFT City.
Investors who applied for the IPO can check their allotment status in the following ways:
Registrar Website (KFin Technologies):
Visit https://ris.kfintech.com/ipostatus
Select “Knowledge Realty Trust REIT” from the dropdown.
Enter your PAN, application number, or DP/client ID.
Submit to view your status.
BSE Website: (https://www.bseindia.com/investors/appli_check.aspx)
Select “Equity” and choose the issue name.
Enter your PAN and application number to check status.
Refunds for non-allottees will be initiated by August 13. Shares will be credited to demat accounts the same day.
With its high-quality portfolio and steady rental yields, Knowledge Realty Trust is seen as a long-term yield-generating play in the real estate investment space. While initial listing gains may be muted, analysts suggest the REIT offers a stable income avenue for long-term investors.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)