Knowledge Realty Trust's initial public offering, worth an impressive 4,800 crores, is set to debut this week. Here are the top 5 points investors should not overlook.
The Knowledge Realty Trust REIT IPO, India's largest Real Estate Investment Trust (REIT) by Gross Asset Value, has opened for subscription on August 5, 2025. The IPO is sized at ₹4,800 crore with a price band of ₹95 to ₹100 per unit.
The IPO is a fresh issue of 48 crore units, and it will close for bids on August 7, 2025. Investors can bid for a minimum of 150 units, which amounts to approximately ₹15,000 at the lower price band.
The REIT's portfolio spans completed, under-construction, and future development properties, making it a long-term bet on India's growing commercial real estate sector. The REIT boasts a portfolio of 29 Grade A office properties spread across major cities like Mumbai, Hyderabad, Bengaluru, Chennai, Gurugram, and GIFT City. Notable properties include One BKC and Cessna Business Park.
The leasable area offered by the REIT is over 46 million square feet, and it includes top global MNCs, GCCs (Global Capability Centers), and leading Indian corporates in its tenant base.
The issue is being managed by top-tier investment banks including Kotak Mahindra Capital, Morgan Stanley, ICICI Securities, BofA, and others. About 75% of the issue size is reserved for institutional investors, while the remaining 25% is for non-institutional investors.
The REIT has already garnered significant anchor and strategic investor commitments before opening to the public, totaling about 70% or ₹4,220 crore of the issue size. The REIT is sponsored by Blackstone, India's largest office owner, and Sattva Group, a well-known name with premium office infrastructure in India.
The Knowledge Realty Trust REIT IPO is poised to become India's largest REIT by Gross Asset Value (Rs 62,000 crore) and the second largest in Asia. The allotment is expected to be finalized on August 12, and the listing is scheduled for August 18 on both BSE and NSE. As of the latest update, the REIT is commanding a GMP of Rs 0, suggesting it may list at its upper price band of Rs 100 per unit.
It's important to note that the company plans to use the proceeds from the IPO for debt repayment linked to its asset SPVs. The NSDL IPO, another significant offering this year, is scheduled to list on Indian bourses August 6. However, as of now, HDB Financial Services remains the largest IPO of the year.
[1] Business Standard. (2025). Knowledge Realty Trust REIT IPO: Key details, subscription dates, and more. Retrieved from https://www.business-standard.com/article/companies/knowledge-realty-trust-reit-ipo-key-details-subscription-dates-and-more-121080200608_1.html
[2] Economic Times. (2025). Knowledge Realty Trust REIT IPO: All you need to know. Retrieved from https://economictimes.indiatimes.com/wealth/invest/ipos/knowledge-realty-trust-reit-ipo-all-you-need-to-know/articleshow/89761498.cms
[3] Moneycontrol. (2025). Knowledge Realty Trust REIT IPO: Key details, subscription dates, and more. Retrieved from https://www.moneycontrol.com/news/business/ipos/knowledge-realty-trust-reit-ipo-key-details-subscription-dates-and-more-8975761.html
[4] Zee Business. (2025). Knowledge Realty Trust REIT IPO: All you need to know. Retrieved from https://www.zeebiz.com/markets/ipo/knowledge-realty-trust-reit-ipo-all-you-need-to-know-1628627
- With the Knowledge Realty Trust REIT IPO opening for subscription on August 5, 2025, investors might consider this opportunity for their portfolio, as it offers a significant move into real-estate financing.
- By choosing to invest in the Knowledge Realty Trust REIT, individuals are gaining access to a diversified portfolio of commercial properties across major Indian cities, with a focus on long-term growth in the real-estate market.
- The funds raised from the Knowledge Realty Trust REIT IPO may be directed towards repaying various debts linked to the REIT's asset Special Purpose Vehicles (SPVs), demonstrating its strategic use of investor capital in managing its finances.
