In today’s briefing:
- ECM Weekly (18 August 2025)- Eve Energy, CNGR, Will Semi, 52 Toys, JSW, Bluestone, Tuas, Hexaware
- Knowledge Realty Trust IPO Trading – Decent Demand; Leads Past REIT Listings

ECM Weekly (18 August 2025)- Eve Energy, CNGR, Will Semi, 52 Toys, JSW, Bluestone, Tuas, Hexaware
- Aequitas Research’s weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
- On the IPO front, a number of companies are lining up to start 2H listing season, which is likely to be one of the busiest over the past few years.
- On the placements front as well, given ongoing earnings annoucement there were only one large placement last week.
Knowledge Realty Trust IPO Trading – Decent Demand; Leads Past REIT Listings
- Knowledge Realty Trust (258259D IN) raised around US$551m in its India IPO. The trust undertook a pre-IPO placement round of around INR14bn (US$160m) in June 2025 as well.
- Knowledge Realty Trust (KRT) owns and manages a high-quality office portfolio in India covering 87% of India’s office supply and gross absorption between CY16-1QCY25, as per the CBRE report.
- In this note, we will talk about the trading dynamics.
