Overview

• Anchor investors including LIC, Tata Mutual Fund, Axis Mutual Fund and the Jhunjhunwala Trust secured 16.2 crore units at the ₹100 upper band ahead of public bidding.
• The all-fresh issue of 48 crore units is priced in a ₹95–100 range to raise ₹4,800 crore under SEBI’s REIT guidelines.
• The trust holds 29 Grade A office assets spanning over 46 million square feet across Mumbai, Bengaluru, Hyderabad, Chennai, Gurugram and GIFT City.
• Funds from the IPO will partially or fully repay debt at the SPV level, easing interest burdens and supporting future acquisitions.
• Allotment is set for August 12, with trading on the BSE and NSE expected to begin on August 18.