Private Real Estate Investment Trustfund, backed by Blackstone, seeks top financial institutions and insurers as primary investors, in preparation for its upcoming Initial Public Offering.
Knowledge Realty Trust Scales Down IPO Amount After Pre-IPO Fundraise
Knowledge Realty Trust, a Bengaluru-based real estate investment trust (REIT) sponsored by Blackstone and Sattva Group, has announced that it will raise ₹4,800 crore through its initial public offering (IPO), a reduction from the initial plan of ₹6,200 crore. This decision comes after a pre-IPO fundraise of ₹1,400 crore and strategic investments.
The IPO, which opened on August 5, 2025, and closed on August 7, 2025, has a price band fixed between ₹95 to ₹100 per unit. The issue comprises a fresh issuance of units worth up to ₹4,800 crore through book-building. The allocation will have up to 75% reserved for institutional investors and at least 25% for non-institutional investors, excluding the strategic investor portion.
The strategic investors of Knowledge Realty Trust have not been fully disclosed yet. The sponsors of the REIT are Sattva Developers and BREP Asia SG L&T Holding, a Blackstone portfolio company. The IPO was fully subscribed within hours of its launch.
Meanwhile, DRA Homes, a Chennai developer, is preparing for an initial public offering (IPO), but unlike Knowledge Realty Trust, it is not sponsored by a private equity firm. The exact amount that DRA Homes intends to raise through its IPO is not specified. The IPO of DRA Homes has not been launched yet, and it is not yet fully subscribed.
Another company in the news is Lenskart, an eyewear company, which has filed for an IPO. The exact amount that Lenskart intends to raise through its IPO is not specified, and the IPO has not been priced yet. PremjiInvest, SoftBank, and Kedaara are expected to receive proceeds from Lenskart's IPO.
Unfortunately, the real estate sector has been hit by a tragic loss with the death of Blackstone senior managing director LePatner in a shooting in Manhattan. Blackstone has a $1.4 billion portfolio in India that is set for a rollover, potentially generating significant gains for Asian and global private equity funds.
In conclusion, the real estate sector in India continues to attract investments, with Knowledge Realty Trust scaling down its IPO amount after a pre-IPO fundraise. The sector also sees other companies like DRA Homes and Lenskart preparing for their respective IPOs.
Finance experts are closely watching the Indian real estate sector, as Knowledge Realty Trust, a Bengaluru-based real estate investment trust (REIT), has scaled down its initial public offering (IPO) amount from ₹6,200 crore to ₹4,800 crore after a successful pre-IPO fundraise of ₹1,400 crore. This move indicates a shift in the market, providing investors with an opportunity to participate in the growing real-estate sector through investing in the Knowledge Realty Trust IPO.
