IPO Timeline :
• Open Date: August 5, 2025
• Close Date: August 7, 2025
• Allotment Finalization: August 12, 2025
• Refunds & Share Credit: August 13, 2025
• Listing Date (Tentative): August 18, 2025
IPO Details :
• Price Band: ₹95 – ₹100 per unit
• Issue Size: ₹4,800 crore (Fresh Issue)
• Lot Size: 150 units
• Minimum Investment: ₹15,000 (for retail investors)
• Anchor Investors Raised: ₹2,820 crore
• Allotment Ratio: 75% for QIBs, 25% for NIIs and retail investors
Company Overview :
Knowledge Realty Trust REIT owns over 46 million square feet of Grade A office space spread across seven major Indian cities, including Bengaluru, Mumbai, Hyderabad, Chennai, Gurugram, Ahmedabad, and GIFT City. The REIT has a high occupancy rate of over 90% and houses top-tier tenants such as Amazon, Google, and Goldman Sachs. It is currently India’s largest office REIT by Gross Asset Value (GAV), exceeding ₹60,000 crore.
Financial Performance :
• FY 2025 Revenue: ₹4,150 crore
• FY 2025 Profit After Tax: ₹222 crore (impacted by one-time expenses)
• EBITDA Margins: Expected to remain strong due to long-term lease agreements
• Average Lease Tenure: 8.6 years
Use of IPO Proceeds :
A significant portion of the IPO proceeds (₹4,640 crore) will be used to repay or prepay existing debt across its SPVs. The remaining funds will be utilized for general corporate purposes, improving the REIT’s financial flexibility and reducing interest costs.
Why Invest in Knowledge Realty Trust?
• Diversified and high-quality office assets
• Strong backing from reputable institutions and global investors
• Consistent rental income with high occupancy
• Stable long-term growth with tax-efficient income distribution through REIT structure
Conclusion :
The Knowledge Realty Trust IPO provides a unique investment opportunity in India’s growing commercial real estate market. With experienced sponsors, a high-quality tenant mix, and strong financials, this REIT stands out as a reliable income-generating asset for long-term investors Retail and institutional investors looking to diversify their portfolio with real estate should seriously consider subscribing to this IPO.
