Knowledge Realty Trust, backed by Blackstone and Sattva Developers, is India’s largest office REIT and the second largest in Asia. With a portfolio of 29 premium assets—including One BKC, One International Center, Sattva Knowledge City, and Sattva Softzone—across six major cities, it launched its INR 4,800 crore IPO through a fresh issue of units.
The net proceeds are earmarked for debt repayment, yield accretive growth, and sponsor distributions.
Also Read: JSW Cement’s ₹3,600 Crore IPO Sees Strong Debut; Khaitan & Co and Trilegal Lead Legal Advisory
Legal Advisory Teams
Cyril Amarchand Mangaldas (Issuing Counsel)
Capital Markets Team
Yash J. Ashar, Senior Partner
Kranti Mohan, Partner & Head – REITs & InvITs
Janhavi Manohar, Partner
Sachin Santuka, Senior Associate
Subham Jain, Senior Associate
Adwait Deshmukh, Associate
Arjun Nair, Associate
Isha Tandon, Associate
Nimisha Sharma, Associate
Parikha Rathi, Associate
Prakhar Jain, Associate
Siddhant Mehta, Associate
Prerna Sengupta, Associate
Corporate Team
Reeba Chacko, Senior Partner
S. Harish, Partner
Emil Joseph, Partner
Mohit Gogia, Partner
Trayosha Darapuneni, Partner
Pooranimaa Hariharan, Partner
Aditi Aggarwal, Principal Associate
Varsha Nair, Principal Associate
Anisha Dash, Senior Associate
Amrita Dubey, Senior Associate
Suryanarayana Mohan, Senior Associate
Vidushi Kesarwani, Senior Associate
Achyutha M, Associate
Raghavi Rajagopalan, Associate
Aashna Gupta, Associate
Anish Meduri, Associate
Gouri Meempat, Associate
Muskaan Garg, Associate
Nimrah Rasheed, Associate
Shivam Shekhar, Associate
Swathi Kathi, Associate
Nandini Agrawal, Associate
Jerrin Mathew, Associate
Real Estate Team
Abhilash Pillai, Partner
Ashish Jain, Partner
Emil Joseph, Partner
Jaideep Kodali, Partner
Jinal Mehta, Partner
Karan Sharma, Partner
Ritha Ulbyre, Partner
Siddharth Singh, Partner
Pooja Ashwin, Senior Consultant
Anjali Kadam, Consultant
Kripa Sankari, Principal Associate
Shorya Chaudhary, Principal Associate
Pavithra Rao, Senior Associate
Rohan Chugh, Senior Associate
Alampu Kowkrady, Associate
Astha Krishna, Associate
Bhargavi Akanksha, Associate
Januja Gathraj, Associate
Kalyan Chakravarthy, Associate
Poojith Ashok, Associate
Rushi Panchal, Associate
Competition Law Team
Avaantika Kakkar, Partner & Head – Competition Law
Kaustav Kundu, Partner
Mohini Parghi, Associate
Pushkar Singh, Associate
Parth Mishra, Associate
Finance Team
Pranav Sharma, Partner
Okram Singha, Partner
Anmol Bhargava, Principal Associate
Jay Shah, Senior Associate
Diksha Bhatt, Associate
Vedant Agarwal, Associate
Dispute Resolution Team
Ankoosh K Mehta, Partner & Co-head – White Collar & Investigation
Aviral Sahai, Partner
Aishwarya Wagle, Principal Associate
Nitya Ravichandra, Associate
S&R Associates (Sponsor Counsel to Sattva Developers)
Capital Markets Team
Sandip Bhagat, Partner
Pratichi Mishra, Partner
Siddharth Urs, Associate
Anmol Kanodia, Associate
Shiv Kumar Sharma, Associate
M&A Team
Meher Mehta, Partner
S. Vinayaditya Reddy, Associate
Kaveri Varma, Associate
Aakriti Jalota, Associate
Ameesha Tripathi, Associate
Pradhumna Mohan Dixit, Associate
Aastha Bhandari, Associate
Competition Law Team
Simran Dhir, Head – Competition Practice
Akshat Kulshrestha, Partner
Sehaj Mahajan, Associate
Ritik Mohapatra, Associate
Khaitan & Co (Legal Counsel to BRLMs)
Representing multiple lead managers, the legal team included:
Sudhir Bassi, Executive Director
Aayush Mohata, Partner
Subhayu Sen, Partner
Aparna Bagree, Partner
Dipsa Prasanth, Associate
Hrithik Khurana, Associate
Ira Pandya, Associate
Kaushlendra Palawat, Associate
Sairandhri Nawale, Associate
Sarjana Das, Associate
Real Estate Diligence Team
Harsh Parikh, Partner
Abhiraj Gandhi, Partner
Rishabh Vora, Counsel
Nirali Shah, Principal Associate
Rahul Agarwal, Senior Associate
Snehil Singhvi, Associate
Nupur Antrolikar, Associate
Haider Sayyed, Associate
White & Case (International Counsel to BRLMs)
White & Case provided international legal advice to the BRLMs during this IPO, ensuring global compliance and cross-border coordination.
IPO Significance & Outlook
Largest Office REIT in India: This offering cements Knowledge Realty Trust’s position as a real estate investment vehicle of scale and value.
Market Response: Oversubscribed ≈7–8×, indicating strong institutional interest in high-quality real estate assets with predictable income.
Use of Proceeds: Planned for yield-enhancing acquisitions and sponsor distributions, reinforcing investor returns.
Regulatory Tailwinds: Growing maturity of REIT structures in India and PST-based investments make this a landmark real estate capital markets event.
Also read: All Time Plastics Launches IPO Worth ₹470.6 Crore; JSA Advises Book Running Lead Managers
Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
