Knowledge Realty Trust, the company owns and manages a high-quality office portfolio in India and will be the largest office REIT in the country by GAV and NOI as of March 31, 2025. It will also rank among the top office REITs globally, with 29 Grade A assets across 6 major cities
| Bidding Dates |
|---|
| 05 Aug 2025 - 07 Aug 2025 |
| Subscription |
|---|
| 12.48x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,250 | 1 | 1 | 150 | 480.0 M | ₹95 - ₹100 | - | ₹45600.0 M - ₹48000.0 M | RHP DOC |
Knowledge Realty Trust IPO SUBSCRIPTION STATUS
07 Aug '25Knowledge Realty Trust IPO overall subscription rate was 12.48 times the total available shares
Knowledge Realty Trust IPO non-institutional investor subscription rate was 16.57 times in the non-institutional investor category
Knowledge Realty Trust IPO Qualified Institutional Bidder subscription rate was 9.07 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | - | 25% | 75% |
07 Aug 2025 (Day 3) | - | 16.57x | 9.07x |
06 Aug 2025 (Day 2) | - | 5.59x | 1.27x |
05 Aug 2025 (Day 1) | - | 1.68x | 0.66x |
Knowledge Realty Trust FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) |
| FY25 | 3,930.1 | 222.5 |
| FY24 | 3,339.4 | 339.7 |
| FY23 | 2,900.3 | 219.2 |
Knowledge Realty Trust IPO SUBSCRIPTION STATUS DETAILS
Knowledge Realty Trust had 480.0 M shares on offer
Knowledge Realty Trust IPO offer price was in the range ₹95 - ₹100
Knowledge Realty Trust IPO minimum Investment was ₹14250
Knowledge Realty Trust IPO issue size was ₹ 45600.0 M - ₹ 48000.0 M
Knowledge Realty Trust had a minimum lot size of 150 Shares per application
Knowledge Realty Trust NUMBER OF SHARES ON OFFER
Knowledge Realty Trust IPO IMPORTANT DATES
| Issue Open Date | 05 Aug 2025 |
| Issue close Date | 07 Aug 2025 |
| Allotment Date | 12 Aug 2025 |
| Refund Date | 13 Aug 2025 |
| Demat Account Credit Date | 13 Aug 2025 |
| Listing Date | 18 Aug 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Knowledge Realty Trust Allotment Status | Exchange/ Registrar |
Knowledge Realty Trust IPO subscription opened on 05 Aug 2025, and closed on 07 Aug 2025
IPO allotment for Knowledge Realty Trust was finalized on Tuesday, 12 Aug 2025
IPO listing for Knowledge Realty Trust was on NSE and BSE on Monday, 18 Aug 2025
Knowledge Realty Trust IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 103.0 |
| Listing Close Price | 106.2 |
| Listing Gain% | 3.0% |
| Current Gain% | 17.3% |
Knowledge Realty Trust Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Knowledge Realty Trust | 117.3 | 5631.4 | 25.3 | -0.7 | 1.4 | 10.5 | 0.9 | 4146.9 | 15.6 | 222.5 | -34.5 | 4.6 | -34.5 |
| Altius Telecom Infrastructure Trust | 171.5 | 44641.4 | 5.6 | 1.1 | 19623.7 | 47 | 839.9 | -25 | |||||
| Embassy Office Parks REIT | 441.3 | 41828.7 | 1.6 | 0.7 | 4675.8 | 11.8 | 338.5 | -79.2 | |||||
| Bagmane Prime Office REIT | 107.4 | 36509.2 | 56.5 | 12.4 | 2390.9 | 6.9 | 896.5 | 10.8 | |||||
| National Highways Infra Trust | 164 | 31764.3 | 2.9 | 1.3 | 4322.2 | 78.9 | 685.5 | 110.9 | |||||
| Mindspace Business Parks REIT | 495.1 | 30161.9 | 39.8 | 0.8 | 8.8 | 4.3 | 2.1 | 3293.1 | 23.1 | 651.9 | 36.9 | 12.4 | 50 |
Knowledge Realty Trust INFORMATION ON IPO ISSUE
About Knowledge Realty Trust
Knowledge Realty Trust, the company owns and manages a high-quality office portfolio in India and will be the largest office REIT in the country by GAV and NOI as of March 31, 2025. It will also rank among the top office REITs globally, with 29 Grade A assets across 6 major cities
Object of the Issue
- Partial or full repayment or prepayment of certain financial indebtedness of the Asset SPVs and the Investment Entities
- General corporate purposes
Knowledge Realty Trust - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Knowledge Realty Office Management Services Private Limited |
Knowledge Realty Trust Book Running Lead Manager
Kotak Mahindra Capital Company Limited
knowledgerealtytrust@kotak.com
Axis Capital Limited
krt.ipo@axiscap.in
BofA Securities India Limited
dg.knowledge_realty_trust_ipo@bofa.com
ICICI Securities Limited
knowledgerealty.trust@icicisecurities.com
IIFL Capital Services Limited
knowledgerealtytrust.ipo@iiflcap.com
JM Financial Limited
knowledgerealty.ipo@jmfl.com
Morgan Stanley India Company Private Limited
knowledgerealtytrust@morganstanley.com
SBI Capital Markets Limited
knowledgerealty.reit@sbicaps.com
Knowledge Realty Trust Registrar to the Offer
Kfin Technologies Limited
knowledge.reit@kfintech.com
Knowledge Realty Trust Strengths
One of the largest office REIT
It is the largest office REIT in India by GAV and NOI, with top-tier assets across the most dynamic office markets. Backed by India's fast-growing economy, the portfolio offers high-quality infrastructure, amenities, and in-house asset management
Diversified tenant base
The platform has a diversified tenant base, focusing on top GCCs and Indian corporates, backed by strong growth and stable cash flows. With global sponsors, an experienced team, and a core commitment to sustainability, it offers seamless operations from development to leasing
Knowledge Realty Trust Risks
Capital intensive
High debt usage may affect cash flows and operations due to repayment and interest obligations. Inability to service debt could impact distributions to unitholders
Agreement renewal risks
Tenant leases face risks like non-renewal, early termination, or legal issues, impacting rental income. Leasing vacant properties may also be challenging, affecting overall revenue
Compliance
Changes in or non-compliance with laws, including environmental and safety regulations, may affect property development. Failure to secure necessary approvals could impact business performance and growth prospects
IPO FAQs
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 25.0% and for retail investors it is 0.0%.
The price band of the IPO is Rs 95.0 - 100.0.
The IPO application opens on Aug 05, 2025 and closes on Aug 07, 2025.
The minimum lot size for the IPO is 150. The maximum lot size for the IPO is 150.
For all category investors, the minimum application amount for this IPO is Rs. 14,250.0, the maximum value for this IPO is Rs 15,000.0.
This IPO will be allotted on Aug 12, 2025.
The refund will be credited to your account on Aug 13, 2025.
The allotted shares will be credited to your demat on Aug 13, 2025.
Knowledge Realty Trust’s shares listed on the stock exchanges on Aug 18, 2025.