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Knowledge Realty REIT raises Rs 1620 crore from anchor investors ahead of IPO; Jhunjhunwala among investors

Economic Times

Economic Times · 23d ago

Knowledge Realty REIT raises Rs 1620 crore from anchor investors ahead of IPO; Jhunjhunwala among investors

Knowledge Realty Trust REIT has raised Rs 1,620 crore from anchor investors ahead of its IPO, with investors including LIC, Jhunjhunwala Trust, and others. The IPO, set to open for public subscription, aims to raise Rs 4,800 crore through a fresh issuance. The funds will primarily repay existing debt. This marks the first REIT IPO under Sebi's new regulations. The sponsors include Sattva Developers, with Axis Trustee and Knowledge Realty Office Management Services managing the issue.

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Knowledge Realty Trust REIT IPO subscribed 1.14 times on day 2; Check key details

Economic Times

Economic Times · 21d ago

Knowledge Realty Trust REIT IPO subscribed 1.14 times on day 2; Check key details

Knowledge Realty Trust's IPO, India's fourth Real Estate Investment Trust (REIT) offering, received robust investor interest, being subscribed 1.14 times overall by Day 2. The Rs 4,800 crore issue, open from August 5-7, includes units of the REIT, offering exposure to commercial real estate. The funds will aid debt repayment and asset acquisitions. Knowledge Realty, India's largest office REIT, boasts a diversified portfolio across major cities with modern amenities, ensuring significant investor appeal.

This IPO to help Jhunjhunwala family beat bank FD returns with 7% payout. Here's how

Economic Times

Economic Times · 20d ago

This IPO to help Jhunjhunwala family beat bank FD returns with 7% payout. Here's how

The Jhunjhunwala family is set to earn ₹13.65 crore in FY27 from their ₹195 crore investment in the Knowledge Realty Trust REIT IPO, which offers a 7% payout yield. This yield surpasses the 6.25% interest provided by SBI's fixed deposits, emphasizing REITs as a viable income alternative amid falling interest rates. The IPO, heavily subscribed, raised significant funds for debt repayment and corporate purposes, showcasing rising interest in India's commercial real estate sector.

Blackstone taking its fourth India REIT public with $712-mn IPO

VCCircle

VCCircle · 5m ago

Blackstone taking its fourth India REIT public with $712-mn IPO

Blackstone, the world's largest private equity firm, is taking its fourth Indian REIT public with an IPO worth $712 million. The REIT, Knowledge Realty Trust, is co-sponsored with Sattva Group and aims to repay loans. With assets valued at approximately Rs 59,445 crore, it comprises 48 million square feet of leasable area across major cities like Mumbai, Hyderabad, and Bengaluru. This move continues Blackstone's strategy of monetizing its extensive real estate portfolio in India.

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

YourStory

YourStory · 11m ago

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

Non-bank financial institution Northern Arc Capital has raised Rs 229 crore ($31 million) from anchor investors ahead of its upcoming initial public offering (IPO). The funds were collected by issuing over 87 lakh equity shares at Rs 263 each to anchor investors including SBI General Insurance, Kotak Mahindra Life Insurance, and Goldman Sachs. Northern Arc Capital's IPO, which consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale of up to Rs 277 crore, is set to open for public subscription on September 16.

BlueStone Jewellery raises Rs 693 crore from anchor investors ahead of IPO

Economic Times

Economic Times · 19d ago

BlueStone Jewellery raises Rs 693 crore from anchor investors ahead of IPO

BlueStone Jewellery and Lifestyle raised over Rs 693 crore from anchor investors ahead of its IPO. The Bengaluru-based company, known for its "BlueStone" brand, aims to use the fresh issue's proceeds for working capital and expenses. The IPO, priced between Rs 492 and Rs 517 per share, involves a fresh issue of Rs 820 crore and an offer for sale of Rs 720.65 crore. Institutional investors include SBI Life, Goldman Sachs, and others.

Awfis raises Rs 269 crore from anchor investors ahead of IPO

Economic Times

Economic Times · 1y ago

Awfis raises Rs 269 crore from anchor investors ahead of IPO

Flexible office space provider, Awfis Space Solutions, has raised nearly Rs 269 crore ($36 million) from anchor investors ahead of its IPO. 19 domestic mutual funds contributed Rs 144 crore ($19 million) to the capital raising, with the remainder coming from other investors including Allianz Global Investors Fund and HSBC Global Investment Fund. The IPO will raise an additional Rs 128 crore ($17 million) in fresh capital for the company, while the offer for sale component will consist of 12.3 million shares from existing investors. The IPO is set to launch on 22 May.

Unicommerce IPO: SoftBank Backed Startup Raises Over INR 124 Cr From Anchor Investors

Inc42 · 1y ago

Unicommerce IPO: SoftBank Backed Startup Raises Over INR 124 Cr From Anchor Investors

SaaS startup Unicommerce has raised INR 124.4 Cr from 14 anchor investors ahead of its IPO opening on August 6. The IPO consists of only an Offer For Sale (OFS) component of 2.56 Cr equity shares. The startup allocated 1.15 Cr equity shares to anchor investors at INR 108 apiece, with various mutual funds being the major beneficiaries.

Kalpataru raises Rs 708 cr from anchor investors ahead of IPO

Economic Times

Economic Times · 2m ago

Kalpataru raises Rs 708 cr from anchor investors ahead of IPO

Real estate developer Kalpataru Ltd raised Rs 708 crore from anchor investors, including GIC and Bain Capital, ahead of its IPO scheduled for June 24-26. The company plans to raise up to Rs 1,590 crore with a price band of Rs 387 to Rs 414 per share. Kalpataru aims to utilize the funds for debt payment and corporate purposes. The IPO consists entirely of a fresh equity issue with no offer for sale component.

JSW Cement IPO: Company raises Rs 1,080 crore from anchor investors ahead of issue

Economic Times

Economic Times · 21d ago

JSW Cement IPO: Company raises Rs 1,080 crore from anchor investors ahead of issue

JSW Cement raised Rs 1,080 crore from 52 anchor investors ahead of its IPO, set to open on the public subscription from Thursday. They allocated over 7.3 crore shares at Rs 147 each with mutual funds holding 44.45% of it. The IPO includes Rs 3,600 crore with a fresh issue of Rs 1,600 crore and an offer for sale of Rs 2,000 crore. Proceeds will fund a new facility and repay debts.

Ahead of IPO, Ellenbarrie Industrial Gases raises Rs 256 crore from anchor investors

Economic Times

Economic Times · 2m ago

Ahead of IPO, Ellenbarrie Industrial Gases raises Rs 256 crore from anchor investors

Ellenbarrie Industrial Gases raised Rs 256 crore from anchor investors ahead of its IPO, which opens from June 24-26. The IPO, priced between Rs 380-400 per share, aims to gather Rs 852 crore. It includes a fresh issue of Rs 400 crore and an offer for sale of 1.13 crore shares. The funds will be used to pay debts and establish a new unit. The company's revenue rose 16% in FY25, with significant profit growth.

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