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Knowledge Realty Trust IPO

  • Status: Closed
  • RHP:
  • ₹ 14,250 / 150 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    18 Aug 2025

  • Listing Price

    ₹104.00

  • Listing Change

    4.00%

  • Last Traded Price

    ₹124.19

Knowledge Realty Trust IPO Details

  • Open Date

    05 Aug 2025

  • Close Date

    07 Aug 2025

  • Listing Date

    18 Aug 2025

  • IPO Price Range

    ₹ 95 to ₹100

  • IPO Size

    ₹ 4,800 Cr

  • Listing Exchange

    BSE NSE

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Timeline Financials SWOT FAQ Contacts

Knowledge Realty Trust IPO Timeline

Knowledge Realty Trust IPO Subscription Status

Last Updated: 19 August 2025 12:11 PM by 5paisa

Knowledge Realty Trust REIT Ltd is set to launch a ₹4,800 crore IPO. It is India’s largest office REIT by Gross Asset Value and ranks second globally by leasable area. As of March 2025, its 30 Grade A office assets span 46.3 million sq. ft. across six major cities, with 91.4% committed occupancy and a tenant mix that includes Fortune 500 firms and top Global Capability Centers.

Managing Director: Mr. Ajay Mahajan

 

Peers

1. Embassy Office Parks REIT 
2. Mindspace Business Parks REIT 
3. Brookfield India Real Estate Trust REIT
 

Knowledge Realty Trust Objectives

The proceeds will be used for partial or full repayment or prepayment of certain financial indebtedness of the Asset SPVs and the Investment Entities.
A portion of the funds will also be allocated for general corporate purposes.
 

Knowledge Realty IPO Size

Types Size
Total IPO Size ₹4,800.00 Cr.
Offer For Sale -
Fresh Issue ₹4,800.00 Cr.

Knowledge Realty IPO Lot Size

Application Lots Shares Amount
All Investors 1 150 14,250

Knowledge Realty IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 2.80 11,36,83,950 31,82,02,350 3,182.024
NII (HNI) 13.46 9,47,36,850 1,27,47,43,950 12,747.440
Total** 7.64 20,84,20,800 1,59,29,46,300 15,929.463

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 3,115.97 3,588.48 4,146.86
EBITDA 2,494.02 2,830.36 3,293.03
PAT 219.24 339.66 222.52
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 24,544.42 24,902.82 24,768.08
Share Capital 0.76 0.76 0.76
Total Borrowings 20,226.66 19,757.58 19,792.17
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 2,233.66 2,094.85 2,723.14
Net Cash Generated From / (used in) investing activities -729.30 -502.85 -479.92
Net Cash Generated From / (used in) financing activities -1,486.58 -1,528.00 -2,298.74
Net Increase (Decrease) In Cash And Cash Equivalents 17.79 64.00 -54.62


Strengths

1. Strategic presence in India’s top six office real estate markets.
2. Premium Grade A assets with modern infrastructure and lifestyle amenities.
3. Diversified tenant base with Fortune 500 firms and GCCs.
4. Backed by Blackstone and Sattva Group’s real estate expertise.

Weaknesses

1. High leverage may impact cash flow and debt servicing.
2. Dependent on debt financing, affecting post-listing distributions.
3. SEBI norms may limit flexibility in asset transactions.
4. Exposure to related-party risks and possible conflict of interest.

Opportunities

1. Embedded growth through under-construction and future development area.
2. Rising demand for tech-driven office spaces in India.
3. Potential upside from increasing urbanisation and commercialisation.
4. Long lease tenures offer stable, predictable income streams.

Threats

1. Real estate illiquidity may delay asset sales or monetisation.
2. Sovereign credit rating changes could affect borrowing capacity.
3. Market downturns may reduce occupancy and rental yields.
4. Regulatory changes may impact REIT structure and operations.

1. Knowledge Realty Trust REIT is India’s largest office REIT by asset value with a strong tenant base.
2. It offers stable rental income with 91.4% occupancy and long-term lease agreements.
3. The REIT is backed by experienced sponsors, Blackstone and Sattva Group.
4. India’s REIT market is growing, with low current penetration and high potential for expansion.

1. Only around 13 % of India’s Grade A office stock is currently REIT‑listed, highlighting major room for expansion.
2. India's office REITs delivered over 15 % capital appreciation in the year to June 2025.
3. India’s REIT market is still nascent, offering ample room for future expansion.
4. Global Capability Centres (GCCs) continue to anchor leasing activity across major office markets.
 

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FAQs

Knowledge Realty Trust REIT IPO opens from August 5, 2025 to August 7, 2025.

The size of Knowledge Realty Trust REIT IPO is ₹4,800.00 Cr

The price band of Knowledge Realty Trust REIT IPO is ₹95 to ₹100 per share. 

To apply for Knowledge Realty Trust REIT IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section.    
  • Enter the number of lots and the price at which you wish to apply for the Knowledge Realty Trust REIT IPO. 
  • Enter your UPI ID and click on submit. You will receive a mandate notification to block funds in your UPI app.
  • On approving the mandate, your bid will be placed with the exchange. 
     

The minimum lot size of Knowledge Realty Trust REIT IPO is 1 lot of 150 shares and the investment required is ₹14,250.

The share allotment date of Knowledge Realty Trust REIT IPO is August 8, 2025

The Knowledge Realty Trust REIT IPO will likely be listed on August 12, 2025.

Kotak Mahindra Capital Company Limited is the book running lead manager for Knowledge Realty Trust REIT IPO.

The company intends to utilise a portion of the IPO proceeds to fund its working capital requirements.
A portion of the proceeds will also be allocated for general corporate purposes.