Overview

• The IPO issue of 48 crore units at ₹95–₹100 per unit closed on August 7 with 13.11× subscription at the upper price band.
• A grey market premium of ₹1.5 indicates a modest upside for investors at listing.
• Of the ₹4,800 crore raised, ₹4,640 crore will be used to repay or prepay debt of asset SPVs and investment entities.
• Share allotment is scheduled for August 12, with trading to begin on both BSE and NSE on August 18.
• Upon listing, KRT’s portfolio of 29 Grade-A office assets spanning over 46 million sq ft across six cities will make it India’s largest office REIT by gross asset value.