Knowledge Realty Trust REIT IPO is conducting a book building process amounting to ₹4,800.00 crores. This issue consists entirely of a new issuance of 48.00 crore shares.
The subscription period for Knowledge Realty Trust REIT IPO commences on August 5, 2025, and concludes on August 7, 2025. The allotment for Knowledge Realty Trust REIT is anticipated to be finalized on Friday, August 8, 2025. Knowledge Realty Trust REIT is expected to be listed on BSE and NSE, with a provisional listing date set for Tuesday, August 12, 2025.
The price band for Knowledge Realty Trust REIT is established at ₹95 to ₹100 per share. The application lot size is 150 shares. The minimum investment amount required from an individual investor (retail) is ₹14,250 (for 150 shares). The lot size investment for sNII is unspecified (NaN shares), resulting in an amount of ₹NaN, while for bNII, it is also unspecified (NaN shares), leading to an amount of ₹NaN.
Kotak Mahindra Capital Company Limited serves as the book-running lead manager for Knowledge Realty Trust REIT, whereas Kfin Technologies Limited acts as the registrar for this issue.
Refer to Knowledge Realty Trust REIT RHP for detailed information.
Knowledge Realty Trust REIT Details
| IPO Date | August 5, 2025 to August 7, 2025 |
| Listing Date | [.] |
| Face Value | ₹[.] per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 48,00,00,000 shares (aggregating up to ₹4,800.00 Cr) |
| Issue Type | Book building REIT |
| Listing At | BSE, NSE |
Knowledge Realty Trust REIT Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the issue |
| NII Shares Offered | Not less than 25% of the Issue |
Knowledge Realty Trust REIT Timeline (Tentative Schedule)
Knowledge Realty Trust REIT opens on August 5, 2025, and closes on August 7, 2025.
| IPO Open Date | Tue, Aug 5, 2025 |
| IPO Close Date | Thu, Aug 7, 2025 |
| Tentative Allotment | Fri, Aug 8, 2025 |
| Initiation of Refunds | Mon, Aug 11, 2025 |
| Credit of Shares to Demat | Mon, Aug 11, 2025 |
| Tentative Listing Date | Tue, Aug 12, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 7, 2025 |
Knowledge Realty Trust REIT Lot Size
Investors can bid for a minimum of 150 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| All Investors | 1 | 150 | ₹15,000 |
About Knowledge Realty Trust
Knowledge Realty Trust stands as the largest office REIT in India, boasting a Gross Asset Value (GAV) of Rs 619,989 million as of March 31, 2025. Furthermore, it ranks as the second largest office REIT worldwide in terms of leasable area.
Our portfolio consists of 30 Grade A office assets, amounting to 46.3 million square feet (msf) as of March 31, 2025, which includes 37.1 msf of completed area, 1.2 msf of under construction area, and 8.0 msf designated for future development.
The portfolio features 6 city-center offices and 24 business parks/centers. It provides a comprehensive array of amenities, including multi-cuisine food courts, exclusive members-only clubs, indoor and outdoor sports facilities, medical clinics, creches, and various health and recreational facilities.
The company's assets are distributed across 6 cities: Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City in Ahmedabad. As of March 31, 2025, the company has achieved a committed occupancy rate of 91.4%.
Its tenant mix is diverse, comprising notable multinational tenants, including Fortune 500 companies, Global Capability Centers (GCCs), and leading domestic corporations.
Competitive Strengths
- The largest office REIT in India by GAV and NOI, with extensive geographical diversity.
- Strategically positioned in India’s top-performing markets.
- High-quality assets featuring robust infrastructure and a wide range of amenities.
- A diversified tenant base with a growing emphasis on leading domestic corporates and GCCs.
- Long-standing relationships with tenants that foster retention and growth.
- A strong business model characterized by embedded growth and stable cash flows.
- Esteemed sponsors (Blackstone and Sattva) with both global experience and local expertise.
Knowledge Realty Trust Financial Information (Restated Consolidated)
Knowledge Realty Trust's revenue increased by 16% and profit after tax (PAT) dropped by 34% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 24,768.08 | 24,902.82 | 24,544.42 |
| Revenue | 4,146.86 | 3,588.48 | 3,115.97 |
| Profit After Tax | 222.52 | 339.66 | 219.24 |
| EBITDA | 3,293.03 | 2,830.36 | 2,494.02 |
| Total Borrowing | 19,792.17 | 19,757.58 | 20,226.66 |
| Amount in ₹ Crore | |||