Knowledge Realty Trust REIT
GMP, Subscription, Price, Dates & Financial Details
Knowledge Realty Trust is India’s largest office Real Estate Investment Trust (REIT) by Gross Asset Value (GAV), with a portfolio valued at ₹619,989 million as of March 31, 2025. Globally, it ranks as the second-largest office REIT by leasable area.The Trust's portfolio comprises 30 Grade A office…
Open Date
Tue, 05 Aug 2025
Close Date
Thu, 07 Aug 2025
Price Band
₹ 95 – 100
Lot Size
150
Issue Size
₹ 4,800.00 Cr
Minimum Investment
₹ 15,000 (150 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Knowledge Realty Trust REIT has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹4,800 Crore, comprising a fresh issue of 48.00 Crore equity shares aggregating to ₹4,800.00 Crore.
The Knowledge Realty Trust REIT remained open for subscription from August 05, 2025, to August 07, 2025. The basis of allotment was finalized on August 08, 2025, and the company's shares were listed on the NSE and BSE on August 12, 2025.
The company had fixed the price band at ₹95 to ₹100 per share, with a lot size of 150 shares. Retail investors were required to make a minimum investment of ₹15,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. IIFL Capital Services Limited, Bofa Securities India Limited, Axis Capital Limited, Morgan Stanley India Company Private Limited, ICICI Securities Limited, JM Financial Limited, SBI Capital Markets Limited, and Kotak Mahindra Capital Company Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Knowledge Realty Trust REIT is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Knowledge Realty Trust REIT Timeline (Tentative)
- IPO Open Date
- Tue, 05 Aug 25
- IPO Close Date
- Thu, 07 Aug 25
- Basis of Allotment
- Fri, 08 Aug 25
- Initiation of Refunds
- Mon, 11 Aug 25
- Credit of Shares to Demat
- Mon, 11 Aug 25
- Listing Date
- Tue, 12 Aug 25 — NSE & BSE
Open Date
05 August 2025
Close Date
07 August 2025
Basis Of Allotment
08 August 2025
Listing Date
12 August 2025
IPO Subscription
Check Live Subscription →The Knowledge Realty Trust REIT has received bids for 2,60,09,22,900 shares against 20,84,20,800 shares offered, resulting in an overall subscription of 12.48x. the NII category is subscribed 16.57x, and QIBs 9.07x.
QIB
9.07x
NII
16.57x
Total
12.48x
IPO Reservations
Reservation Details Are not Available until IPO Opens.
Reservation figures are shown once IPO opens.
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 24768.08 | 24902.82 | 24544.42 |
| Revenue | 4146.86 | 3588.48 | 3115.97 |
| Profit After Tax | 222.52 | 339.66 | 219.24 |
| Net Worth | 0 | 0 | 0 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 19792.17 | 19757.58 | 20226.66 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Knowledge Realty Trust REIT KPI Information
| Particular |
|---|
Peers Comparison
No Peer Comparision Available
About Knowledge Realty Trust REIT
Knowledge Realty Trust is India’s largest office Real Estate Investment Trust (REIT) by Gross Asset Value (GAV), with a portfolio valued at ₹619,989 million as of March 31, 2025. Globally, it ranks as the second-largest office REIT by leasable area.
The Trust's portfolio comprises 30 Grade A office assets, totaling 46.3 million square feet (msf). This includes 37.1 msf of completed area, 1.2 msf under construction, and 8.0 msf allocated for future development.
Knowledge Realty Trust’s properties include 6 centrally located city offices and 24 integrated business parks. These assets are equipped with modern amenities such as multi-cuisine food courts, members-only clubs, sports facilities (indoor and outdoor), medical clinics, childcare centers, and wellness zones.
Its footprint spans six major Indian cities—Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City (Ahmedabad)—with a committed occupancy rate of 91.4% as of March 31, 2025.
The Trust maintains a diverse tenant base, including Fortune 500 companies, Global Capability Centers (GCCs), and leading domestic enterprises, underscoring the resilience and appeal of its portfolio.
Competitive Strengths
- India’s largest office REIT by GAV and Net Operating Income (NOI); among the most geographically diversified
- Strategic presence in high-growth commercial hubs
- Premium-quality assets with strong infrastructure and lifestyle-enhancing amenities
- Diverse tenant mix with a rising share of domestic leaders and GCCs
- Strong tenant relationships ensuring high retention and consistent demand
- Resilient business model with embedded growth potential and predictable cash flows
- Backed by renowned sponsors—Blackstone and Sattva—combining global expertise with deep local market insight
Knowledge Realty Trust REIT Promoters
Promoters Holding
Holding Pre Issue
0.00%
Holding Post Issue
0.00%
Knowledge Realty Trust REIT Objective
The Company Knowledge Realty Trust REIT IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Partial or full repayment or prepayment of certain financial indebtedness of the Asset SPVs and theInvestment Entities
- General purposes
Knowledge Realty Trust REIT Address / Contact 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: https://www.knowledgerealtytrust.com
IPO Snapshot
Knowledge Realty Trust REIT Lot Size
The Knowledge Realty Trust REIT has a lot size of 150 shares. Retail investors require a minimum investment of ₹ by applying for 0 lot (0 shares). The maximum application allowed for the retail category is 0 lots (0 shares), requiring an investment of ₹.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| 1 | 150 | 15,000.00 |
Issue Reservation
Book Running Lead Managers
- IIFL Capital Services Limited
- Bofa Securities India Limited
- Axis Capital Limited
- Morgan Stanley India Company Private Limited
- ICICI Securities Limited
- JM Financial Limited
- SBI Capital Markets Limited
- Kotak Mahindra Capital Company Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Knowledge Realty Trust REIT?
Knowledge Realty Trust REIT is a Book-building IPO with a total issue size of ₹4800 crore. The Knowledge Realty Trust REIT price band is ₹95 to 100 per share. The Knowledge Realty Trust REIT subscription opens on Tue, Aug 5, 2025, and closes on Thu, Aug 7, 2025. The Knowledge Realty Trust REIT will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Knowledge Realty Trust REIT.
When will the Knowledge Realty Trust REIT open for subscription?
The Knowledge Realty Trust REIT opens on Tue, Aug 5, 2025 and closes on Thu, Aug 7, 2025
What is Knowledge Realty Trust REIT Price Band?
Knowledge Realty Trust REIT Price Band is ₹95 to 100 per share.
What is Knowledge Realty Trust REIT Lot Size?
Knowledge Realty Trust REIT lot size is 150 shares, Retail investors need a minimum investment of ₹15000 based on the upper price band
What is the minimum investment for Knowledge Realty Trust REIT?
The minimum investment for Knowledge Realty Trust REIT is ₹15000, based on one lot of 150 shares at the upper price band of ₹100 per share.
How to apply for Knowledge Realty Trust REIT?
Investors can apply for the Knowledge Realty Trust REIT through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 7, 2025. The application amount remains blocked until the Knowledge Realty Trust REIT allotment is finalized.
What is Knowledge Realty Trust REIT Issue Size?
Knowledge Realty Trust REIT issue size is ₹4800 crores.
What is the Knowledge Realty Trust REIT Allotment Date?
Knowledge Realty Trust REIT allotment date is Fri, Aug 8, 2025.
Who is the Knowledge Realty Trust REIT Registrar?
The registrar for Knowledge Realty Trust REIT is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Knowledge Realty Trust REIT allotment status, refund processing, and other IPO-related information.
What is the Knowledge Realty Trust REIT GMP?
The Knowledge Realty Trust REIT GMP (Grey Market Premium) is ₹1 as of Wed, Aug 6, 2025. Based on the upper price band of ₹100 per share, the estimated Knowledge Realty Trust REIT listing price is ₹101, indicating a potential listing gain of approximately 1.00% over the issue price.
Who is the Knowledge Realty Trust REIT Lead Manager?
The book-running lead managers (BRLMs) for the Knowledge Realty Trust REIT are Bofa Securities India Limited, Axis Capital Limited, Morgan Stanley India Company Private Limited, ICICI Securities Limited, JM Financial Limited, SBI Capital Markets Limited, and Kotak Mahindra Capital Company Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Knowledge Realty Trust REIT Red Herring Prospectus (RHP).