Knowledge Realty Reit picks up RS 1620 Crore from Anker investors prior to IPO; Jhunjhunwala among investors

Knowledge Realty Trust Reit has mobilized RS 1,620 Crore prior to his IPO, so that the support of some of the biggest names in Indian investments, including Lic and Jhunjhunwala Trust, has guaranteed. The issue will be opened on Tuesday for a public subscription.

Fundraising includes RS 1,620 Crore from anchor investors and RS 1,200 crore of strategic institutional investors. This is on the back of an earlier RS 1,400 crore pre-ipo round.

The anchor book reflects institutional importance, with more than 50 investors participating. Lic’s involvement in this Reit IPO is a first, and participation also came from Tata AIG, Nippon MF, Axis MF, Pimco, SBI Pension Fund, Tata MF and global investors such as Amundi and Wells Capital. Jhunjhunwala Trust and 360 One can also be seen in the Anchor Tranche.

The earlier RS 1,400 crore pre-ipo round saw prominent HNIs such as RK Damani and Karan Bhagat Trust.

The IPO, priced in the range of RS 95-100 per unit, will see a new issue of units worth RS 4,800 Crore. The remaining RS 1,400 Crore came through strategic placement and pre-ipo round. Of the remaining RS 1,980 Crore open to the public, RS 1,080 Crore is reserved for institutions and RS 900 Crore for Retail and HNIS. The minimum application size is RS 15,000.

The issue of the issue will mainly go to reimbursement or advance payment of the existing debt of the underlying assets and invests entities, with the rest used for general business purposes. This is the first Reit IPO under Sebi’s new Master Circular for Reit’s published on July 11. Trinity Office Management Services) Manage the problem.