Aadhar Housing Finance Limited IPO...
04 Aug, 2025
Knowledge Realty Trust REIT IPO
Knowledge Realty Trust REIT is of ₹4,800 crores, consisting of 48 crore fresh equity shares priced between ₹95 to ₹100 per share. Subscription for the issue will open on 5th August, 2025 and will be closed by 7th August, 2025. The REIT allotment is expected to be determined by 12th August, 2025, with the listing on BSE and NSE expected by 18th August, 2025. A retail investor can apply for a minimum of 150 shares worth ₹14,250.
Company Background
Knowledge Realty Trust is the country’s largest office Real Estate Investment Trust, with the company’s assets valued at ₹62,000 crore as noted in March 2025. The assets under this trust offer various facilities like indoor and outdoor pool facilities, a multi-cuisine food court, an exclusive members-only club, creche facilities and medical facilities.
Operations & Product Range
Facility and Services
Knowledge Realty Trust operates various facilities with a portfolio of 30 Grade A office assets in six cities of India, such as Bengaluru, Mumbai and Chennai. The company’s properties include about 46 million square feet of leasable space with state-of-the-art infrastructure to achieve the primary focus of tenant comfort and operational excellence.
Brand and Market Presence
The company’s brand presence is elevated through its marquee assets like One KBC and One World Centre in Mumbai, housing tenants like Amazon, Google, Cisco and Goldman Sachs in Knowledge City located in Hyderabad. Their portfolio attracts the top multinational corporations, large domestic corporations and Global Capability Centres, which helps in maintaining a high rate of occupancy of around 90% and strong retention of tenants.
Revenue Channels
The company’s primary source of revenue is leasing from the large portfolio of Grade A office Assets in India. This rental income makes up a large part of the company’s revenue through the support of multinational corporations, Global Capacity Centres and Fortune 500 Companies. The company recorded a revenue of ₹4,146.86 crore in FY25, with its net income being ₹3,432 crore. This growth reflects the company’s strong growth in revenue through the leasing of premium office properties.
Management & Shareholding
Board Members
The board group of Knowledge Realty Trust is a combination of senior management staff of the trust and representatives of the two sponsors, Blackstone and Sattva Group. These members are:
- 1. Mr. Shirish Godbole (Chief Executive Officer from Knowledge Realty Trust)
- 2. Mr. Quaiser Parvez (Chief Operating Officer from Knowledge Realty Trust)
- 3. Mr. Sumit Bhartia (Managing Director from Blackstone)
- 4. Mr. Asheesh Mohta (Senior Managing Director from Blackstone Real Estate)
- 5. Mr. Bijay Agarwal (Managing Director from Sattva Group)
- 6. Mr. Shivam Agarwal (Board Member from KRT)
- 7. Mr. V Jayasankar (Managing Director from Kotak Investment Banking)
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Knowledge Realty Trust REIT IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Knowledge Realty Trust REIT IPO Details
| Detail | Description |
|---|---|
| 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 | Bookbuilding REIT |
| Listing At | BSE, NSE |
Knowledge Realty Trust REIT IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Aug 5, 2025 |
| IPO Close Date | Thu, Aug 7, 2025 |
| Tentative Allotment | Tue, Aug 12, 2025 |
| Initiation of Refunds | Wed, Aug 13, 2025 |
| Credit of Shares to Demat | Wed, Aug 13, 2025 |
| Tentative Listing Date | Mon, Aug 18, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 7, 2025 |
Knowledge Realty Trust REIT IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| All Investors | 1 | 150.00 | ₹15,000 |
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 IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| - | - |
Competitive Strength:
- 1. The company serves as India’s largest office REIT and it manages its efficiency and precision by being diverse in a geographical sense.
- 2. Knowledge Realty Trust is located in a very strategic manner, with a high growth percentage, in India’s top-performing markets
- 3. The trust is renowned for having high-quality assets that are equipped with a luxury infrastructure and provide the tenants with varied amenities.
- 4. KRT caters to a vastly diversified tenant base and the company has an established focus on domestic corporates that are leading and GCCs.
- 5. The company operates on a profitable and stable business model with well-established growth as well as a good cash flow.
- 6. It is backed by renowned sponsors like Blackstone and Sattva and the company has global experience and firm regional knowledge.
Knowledge Realty Trust REIT IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 24,768.08 | 4,146.86 | 222.52 | - | 19,792.17 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 24,902.82 | 3,588.48 | 340 | - | 19,758 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 24,544.42 | 3,115.97 | 219.24 | - | 20,226.66 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| - | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Objectives of Knowledge Realty Trust REIT
-
The proceeds from the issues will be utilised to achieve the following objectives :
- 1. Debt repayment of Asset SVPs and the Investment Entities, partially or completely.
- 2. Funding the capital requirement for general corporate functioning.
Conclusion
Knowledge Realty Trust REIT is a chance for future investors to take part in the largest office real estate investment trust in India. The company has a wide and well-established relationship with its tenants like Amazon, Google and many more. The company has a great portfolio of Grade A office Assets across India, which helped it generate a revenue of ₹4,146.86 crore in FY25. The upcoming IPO will help the company repay some of the debt availed by it and it will also provide investors with an interest in the real estate sector to support the company’s further stages of growth and expansion.
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Frequently asked Questions (FAQs )
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1. Which cities does Knowledge Realty Trust operate in?
Bengaluru, Mumbai, Gurugram, Chennai, Hyderabad and Ahmedabad.
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2. What is the occupancy rate of Knowledge Realty Trust’s properties?
The occupancy rate of the company is approximately 90%.
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3. What is the minimum lot size application required by a retail investor?
A retail investor can apply for a minimum of 150 shares worth ₹14,250.
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4. What is the Knowledge Realty Trust REIT issue size and price?
Knowledge Realty Trust REIT is of ₹4,800 crores, consisting of 48 crore fresh equity shares priced between ₹95 to ₹100 per share.
