Knowledge Realty Trust REIT IPO Details
The key details of Knowledge Realty Trust’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹4,800.00 Cr |
| Price Range | ₹95 - ₹100 |
| Retail Quota | -- |
| QIB Quota | 75% |
| NII Quota | 25% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 150 |
| Investment (cut-off price) | ₹15,000 |
| Pre IPO Promotor Holding | Update soon |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Knowledge Realty Trust REIT IPO Timelines
The IPO process for Knowledge Realty Trust includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
05/08/2025
Start Date07/08/2025
End Date13/08/2025
Refund Initiation13/08/2025
Credit of Shares to Demat Ac18/08/2025
Listing DateKnowledge Realty Trust REIT IPO Lot Size
The Knowledge Realty Trust REIT IPO has a fixed lot size of 150 shares, at an upper price band of ₹100 per share. For all categories of investors, the minimum application is 150 shares (1 lot), amounting to ₹15,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| All Investors | 1 | 150 | ₹15,000 |
Knowledge Realty Trust REIT IPO Subscription Status
The subscription status for Knowledge Realty Trust IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 6.75x | 15.51x | -- | -- | 10.73x |
IPO Performance on Listing Day
On the listing day (August 18, 2025), Knowledge Realty Trust REIT made a positive debut on the stock exchange. The stock opened at ₹103, representing a 3% premium to its issue price of ₹100. Throughout the trading session, the REIT demonstrated strong investor interest, climbing to a day high of ₹108.94 while finding support at the opening level of ₹103. The shares concluded their inaugural trading day at ₹106.25, delivering a solid gain of 6.25% over the issue price, reflecting favorable market sentiment toward this real estate investment trust and confidence in the property sector’s prospects.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹103.00 | ₹106.25 | ₹108.94 | ₹103.00 |
Knowledge Realty Trust REIT IPO Company Financials
Knowledge Realty Trust reports robust performance in FY2025 with Total Income of ₹4,146.86 crores, managing expenses at ₹853.84 crores, and achieving a strong PAT (Profit After Tax) of ₹222.52 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹2,756.77 | ₹589.01 | -₹221.48 |
| FY 2023 | ₹3,115.72 | ₹621.95 | ₹218.49 |
| FY 2024 | ₹3,588.48 | ₹758.12 | ₹336.44 |
| FY 2025 | ₹4,146.86 | ₹853.84 | ₹222.52 |
About Company
Knowledge Realty Trust is the largest office REIT in India by Gross Asset Value (Rs 594,450 million as of September 30, 2024) and the second-largest office REIT globally by leasable area. Its portfolio includes 30 Grade A office assets totaling 48.1 million square feet (msf), with 37.1 msf of completed space, 2.8 msf under construction, and 8.2 msf reserved for future development. The portfolio consists of 6 city-center office properties and 24 business parks, offering modern amenities such as multi-cuisine food courts, exclusive clubs, sports facilities, clinics, crèches, and other recreational services.
The company’s properties span six key Indian cities: Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City (Ahmedabad), with an overall occupancy rate of 89.9% as of December 31, 2024. Knowledge Realty Trust has a well-diversified tenant base that includes global Fortune 500 companies, Global Capability Centers (GCCs), and major Indian corporates, underscoring its strategic importance in India’s commercial real estate market.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| Real Estate | Click Here |
Know Before Investing
Knowledge Realty Trust REIT IPO Strengths
- The company owns around 48.1 million square feet of office space with approximately 89 percent occupancy. Its leases typically have initial terms of 3 to 5 years with renewal options, providing stable and predictable rental income.
- KRT’s portfolio is comprised of 30 Grade-A office assets spread across major Indian cities including Bengaluru, Mumbai, Hyderabad, Chennai, Gurugram, and Ahmedabad, emphasizing prime locations and modern infrastructure.
- The REIT is co-sponsored by Blackstone (55% stake), a leading global real estate investor, and Sattva Group (45% stake), a prominent Indian real estate developer. This combination offers strong global expertise and deep local market knowledge.
- With over 450 tenants including multinational corporations, Fortune 500 companies, global capability centers, and leading Indian firms, the tenant profile is well-diversified across industries, reducing income concentration risks.
- Majority of assets are located in important commercial hubs such as Bengaluru, Mumbai, and Hyderabad, offering exposure to multiple high-growth real estate markets within India.
Knowledge Realty Trust REIT IPO Risks
- The trust carries debt with bullet repayments, meaning the risk of having to refinance a part of its debt exists. Although mitigated by staggered maturities and low leverage, refinancing environment changes could impact financial flexibility.
- Stable cash flows rely on tenants renewing leases and maintaining high occupancy (about 90% currently). Any significant tenant defaults, vacancy, or delayed renewals could reduce rental income and affect distributions.
- The top five tenants contribute approximately 18-20% of rental income. Loss or non-renewal of leases from these major clients could impact revenue and cash flow stability.
- Assets are concentrated in six major cities like Bengaluru, Mumbai, Hyderabad, Chennai, Ahmedabad, and Gurugram. Regional economic downturns or market disruptions in these cities could adversely affect asset performance.
- The commercial office real estate sector is sensitive to economic cycles. An economic slowdown, reduced corporate office demand, or market oversupply could depress rental rates and property valuations.
- Although current leverage is moderate (LTV about 21-30%), interest rate increases could raise financing costs and pressure cash flows, especially if leasing income is constrained.
Swot Analysis for Knowledge Realty Trust REIT IPO
Strengths
Diverse and High-Quality Portfolio, Strong Occupancy and Tenant Profile, Comprehensive Support Infrastructure
Weaknesses
Market and Sector Concentration, Geographic Concentration Risks, Relatively New Entity
Opportunities
Leverage Sustainability Trends, Improvements in Work Environment Trends, Increasing Acceptance of REITs in India
Threats
Economic Slowdown Impact, Competitive Pressure, Rising Interest Rates and Borrowing Costs
Company Details
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
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: knowledge.reit@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Knowledge Realty Trust REIT IPO are:
- Partial or full repayment or prepayment of certain financial indebtedness of the Asset SPVs and theInvestment Entities
- General purposes
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 are the book-running lead managers for the Knowledge Realty Trust REIT IPO.
Knowledge Realty Trust REIT holds a premium portfolio of over 46 million sq.ft. across 29 Grade A office properties in top Indian cities like Mumbai, Bengaluru, and Hyderabad, ensuring strong rental yield potential. Flagship assets such as One BKC, Knowledge City, and Cessna Business Park enhance long-term value and tenant retention. While office demand cycles and macroeconomic shifts pose risks, the REIT’s scale, location strength, and asset quality position it well for stable income and capital appreciation over time.
The issue price for the Knowledge Realty Trust REIT IPO is set between ₹95 to ₹100 per share.
To invest in one lot of Knowledge Realty Trust REIT IPO, you need ₹14,250 at the lower price band (₹95 per share) or ₹15,000 at the upper price band (₹100 per share) for a lot size of 150 shares.
Knowledge Realty Trust REIT IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 12, 2025.
Refund/unblocking of funds for Knowledge Realty Trust REIT IPO will begin on August 11, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Knowledge Realty Trust REIT IPO shares on listing day (August 12, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.