The Knowledge Realty Trust REIT IPO is scheduled to open on August 5, 2025, and will close on August 7, 2025. The basis of allotment will be finalized on August 8, while refunds and credit to Demat accounts are expected by August 11, 2025.
The IPO is likely to get listed on the BSE and NSE on August 12, 2025. The price band for the IPO is fixed between ₹95 to ₹100 per share, and investors can apply in a lot size of 150 shares, which means a minimum investment of ₹14,250 for retail investors.
This IPO is a book-built issue with a total size of ₹4,800 crore, consisting entirely of a fresh issue. The company has shown strong revenue growth from ₹3,588.48 crore in 2024 to ₹4,146.86 crore in 2025, although net profit dipped slightly to ₹222.52 crore in 2025 from ₹339.66 crore the previous year. Looking at the company’s financials and scale, this IPO can be considered for long-term investment.
Overview of Contents
About Knowledge Realty Trust REIT IPO
Knowledge Realty Trust is the largest office REIT in India based on Gross Asset Value (GAV) of ₹61,998.9 crore as of March 31, 2025. It is also the second-largest office REIT globally in terms of leasable area, making it a significant player not just in India but also on the global stage.
The company owns a diversified portfolio of 30 Grade A office properties totaling 46.3 million square feet (msf), which includes 37.1 msf of completed space, 1.2 msf under construction, and 8.0 msf earmarked for future development. These properties are located in top 6 Indian cities — Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City (Ahmedabad).
The portfolio is spread across 6 city-centre offices and 24 business parks/centres, offering modern amenities such as multi-cuisine food courts, members-only clubs, indoor and outdoor sports zones, medical clinics, crèche facilities, and more.
As of March 31, 2025, the committed occupancy rate is 91.4%, indicating strong leasing performance. The REIT’s tenant base is highly diversified, consisting of Fortune 500 companies, Global Capability Centers (GCCs), and major Indian corporates. Knowledge Realty Trust is backed by renowned sponsors Blackstone and Sattva, bringing in global expertise and strong local execution. With high-quality infrastructure, strategic locations, and stable cash flows, the REIT enjoys long-term tenant relationships and continues to show strong embedded growth.
The REIT reported a Net Operating Income (NOI) of ₹3,432.27 crore in FY2025, further highlighting its robust business model. Upon listing, it will be India’s most geographically diverse office REIT, with presence in cities that contribute to over 86.5% of India’s office supply and absorption from CY2016 to Q1CY2025. Overall, Knowledge Realty Trust stands out as a premier investment opportunity in India’s growing commercial real estate sector.
Knowledge Realty Trust REIT IPO Overview
Particulars | Details |
---|---|
Issue Type | Book Build Issue (REIT) |
Face Value | ₹[To be updated] per share |
Price Band | ₹95 to ₹100 per share |
Lot Size | 150 shares per lot |
Total Issue Size | 48,00,00,000 shares (approx ₹4,800 Cr) |
Fresh Issue Size | ₹4,800 crore (approx) |
Offer for Sale (OFS) | [To be updated if applicable] |
Listing At | BSE and NSE |
QIB Quota | Not more than 75% of the issue |
NII Quota | Not less than 25% of the issue |
Retail Quota | Not applicable (REIT IPO) |
Knowledge Realty Trust REIT IPO Prospectus
DRHP | Click here |
RHP | Click here |
Knowledge Realty Trust REIT IPO Dates
Event | Date (Day) |
---|---|
IPO Open Date | August 5, 2025 (Tuesday) |
IPO Close Date | August 7, 2025 (Thursday) |
Basis of Allotment | August 8, 2025 (Friday) |
Refunds Initiation | August 11, 2025 (Monday) |
Credit to Demat Account | August 11, 2025 (Monday) |
IPO Listing Date | August 12, 2025 (Tuesday) |
Knowledge Realty Trust REIT IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
All Investors | 1 | 150 | ₹15,000 |
Knowledge Realty Trust REIT IPO GMP
- To Be updated
Objects of the Issue
- Partial or full repayment or prepayment of certain financial indebtedness of the Asset SPVs and theInvestment Entities
- General purposes
Knowledge Realty Trust REIT IPO Review
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Knowledge Realty Trust REIT IPO Financial Performance
Particulars | FY 2025 (Ended Mar 31) | FY 2024 (Ended Mar 31) | FY 2023 (Ended Mar 31) |
---|---|---|---|
Total Revenue | 4,146.86 | 3,588.48 | 3,115.97 |
EBITDA | 3,293.03 | 2,830.36 | 2,494.02 |
Profit After Tax (PAT) | 222.52 | 339.66 | 219.24 |
Total Assets | 24,768.08 | 24,902.82 | 24,544.42 |
Total Borrowings | 19,792.17 | 19,757.58 | 20,226.66 |
Knowledge Realty Trust REIT IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: knowledge.reit@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- Bofa Securities India Limited
- ICICI Securities Limited
- IIFL Capital Services Limited
- Jm Financial Limited
- Morgan Stanley India Company Pvt Ltd
- SBI Capital Markets Limited
Company Address
Knowledge Realty Trust
One International Center, 14th Floor, Tower 1
Plot No. 612-613, Senapati Bapat Marg,
Elphinstone Road, Lower Parel West,
Mumbai, Maharashtra, 400013
Phone: 91-22-6868 4400
Email: info@knowledgerealtytrust.com
Website: www.knowledgerealtytrust.com
Knowledge Realty Trust REIT IPO FAQs
What are the IPO open and close dates?
The IPO opens on August 5, 2025, and closes on August 7, 2025.
When should I expect issue allotment and refund details?
The basis of allotment will be finalized on August 8, 2025. Refunds and credit to demat accounts are expected on August 11, 2025. The listing is scheduled for August 12, 2025.
What is the issue price band and lot size?
The price band is ₹95 to ₹100 per share. One lot comprises 150 shares, making the minimum investment approximately ₹14,250 for retail.
What is the total issue size of this REIT IPO?
The IPO involves 48 crore shares, raising up to ₹4,800 crore, entirely through a fresh issue.