2 days ago

Knowledge Realty Trust OFS Opens With ₹7,992 Crore Base Issue

Knowledge Realty Trust OFS opens today: From floor price to issue size, key things investors must know · livemint.com

Knowledge Realty Trust is offering some existing units for investors to buy.

The offer is called an offer for sale, or OFS.

The units are priced at a minimum of ₹108 each.

The initial sale could raise ₹7,992 crore for the existing sellers.

More units may be offered if investor demand is strong.

Large investors can bid on August 31, while retail investors can bid on September 1.

At least 10% of the units are reserved for retail investors, and at least 25% are reserved for mutual funds and insurance companies.

The sale is intended to increase the portion of the Trust owned by the public.

Key facts

Floor price: ₹108 per unit
Base offer: Up to 74 crore units, representing 16.69% of unit capital and valued at ₹7,992 crore
Greenshoe option: Up to 37 crore additional units, representing 8.34% of unit capital and worth up to ₹3,996 crore
Maximum offer: Up to 111 crore units, or 25.03% of unit capital, with a potential value of about ₹11,988 crore
Retail reservation: At least 10% of the offer units, subject to valid bids
Institutional reservation: At least 25% for SEBI-registered mutual funds and eligible insurance companies
Ownership before OFS: Sponsor entities held 78.56% and public unitholders held 21.44% at the end of the June quarter
Recent performance: The units fell 5% in one week, 6% in one month and more than 7% in three months, while gaining about 4% over one year

livemint.com · 2 days ago