Knowledge Realty Trust
REITClosed
REITClosed
IPO Timeline
Issue open date
5 Aug 2025Issue close date
7 Aug 2025UPI mandate deadline
7 Aug 2025Allotment finalization
8 Aug 2025Refund initiation
11 Aug 2025Share credit
11 Aug 2025Listing date
12 Aug 2025Mandate end date
22 Aug 2025Lock-in end date for anchor investors (50%)
7 Sep 2025Lock-in end date for anchor investors (remaining)
6 Nov 2025Grey Market Premium Trend
₹1.5
Current GMP
₹102
Est. Listing Price
1.5%
Est. Listing Gain
₹95 - ₹100
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 8 Aug | ₹2 | ₹102 | 1.50% |
| 7 Aug | ₹2 | ₹102 | 1.50% |
| 6 Aug | ₹2 | ₹102 | 1.50% |
| 5 Aug | ₹2 | ₹102 | 1.50% |
| 4 Aug | ₹0 | ₹100 | 0.00% |
| 3 Aug | ₹0 | ₹100 | 0.00% |
| 2 Aug | ₹0 | ₹100 | 0.00% |
| 1 Aug | ₹0 | ₹100 | 0.00% |
| 31 Jul | ₹0 | ₹100 | 0.00% |
| 30 Jul | ₹0 | ₹100 | 0.00% |
| 29 Jul | ₹0 | ₹100 | 0.00% |
| 28 Jul | ₹0 | ₹100 | 0.00% |
Key Dates
Open
5 Aug 2025Close
7 Aug 2025Listing
18 Aug 2025Quick Stats
Issue Size:4800cr
Lot Size:150 shares
About the Company
Knowledge Realty Trust is India’s largest office REIT by Gross Asset Value (₹594,450 million), operating a portfolio of 30 Grade A office assets spanning 48.1 million square feet across six cities including Mumbai, Bengaluru, and Hyderabad. With an 89.9% occupancy rate and 8.6-year weighted average lease expiry, the company serves over 450 tenants including Fortune 500 companies, multinational corporations, and Global Capability Centres. Clients include Amazon, Google, Apple, Goldman Sachs, and Cisco. The portfolio comprises city-centre offices and business parks, offering amenities such as food courts, sports facilities, and medical clinics. The company focuses on commercial real estate operations across India’s office markets.
Strengths
- Strategic presence in India’s top-performing office markets across six cities
- Grade A assets with infrastructure and amenities including food courts, sports facilities, and medical clinics
- Diversified tenant base of 450+ tenants including Fortune 500 companies, multinationals, and Global Capability Centres
- Strong tenant retention with 63.5% retention rate and 8.6-year weighted average lease expiry
- Stable cash flow model with 89.9% occupancy rate and embedded growth potential
- Joint sponsorship by Blackstone and Sattva Group with combined global and local real estate expertise
Risks
- Debt financing constraints may limit distribution capacity to unit holders post-listing
- High leverage exposure could adversely impact cash flows and debt servicing ability
- SEBI REIT regulatory restrictions may constrain asset acquisition and disposal flexibility
- Related party transaction risks with potential unfavourable terms and conflict of interests
- Sovereign credit rating downgrades could impair financing access and business performance
- Real estate illiquidity may adversely affect business operations and asset monetisation
Knowledge Realty Trust IPO – Frequently Asked Questions
- The price band for the Knowledge Realty Trust IPO is set at ₹95 to ₹100 per share.
- The Knowledge Realty Trust IPO opens on August 5, 2025 and closes on August 7, 2025.
- The tentative listing date for the Knowledge Realty Trust IPO is August 18, 2025.
- You can apply for the Knowledge Realty Trust IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Knowledge Realty Trust, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Knowledge Realty Trust IPO is 150 shares. Investors must apply for at least one lot (i.e., 150 shares).