Knowledge Realty Trust REIT’s Initial Public Offering (IPO) received a subscription of 1.22 times on the first day of bidding. The IPO received 23.45 crore bids for 20.84 crore shares.
The IPO received a moderate response from the institutional investors as subscriptions in the category remained at 0.75 times on August 5. The institutional investors category received 7.5 crore bids for 11.36 crore shares reserved for the category.
The other investor category, which includes individuals and corporates, got a subscription of 1.78 times on the first day of IPO. The category received 15.95 crore bids for 9.47 crore shares in the category.