Knowledge Realty Trust IPO: GMP, Review, Listing Date & Investment Insights
01 August 2025 · Sachin Gadekar
India’s Largest Office REIT Launches ₹4,800 Cr IPO – Should You Invest?
What is Knowledge Realty Trust?
As India’s real estate investment trust (REIT) landscape matures, another significant offering has entered the public market – the Knowledge Realty Trust REIT IPO. Touted as India’s largest office REIT by Gross Asset Value (GAV), the IPO presents an exciting opportunity for investors seeking long-term, stable returns from income-generating commercial properties.
In this blog, we break down the IPO structure, GMP (grey market premium) trends, key financials, listing date, and expert review to help you make an informed investment decision.
Knowledge Realty Trust is a leading office REIT backed by sponsors Blackstone and Sattva, boasting a diversified portfolio of 30 Grade A office assets spread across India’s top commercial hubs like Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City (Ahmedabad).
With Gross Asset Value (GAV) of ₹61,998.9 crore and a committed occupancy of 91.4%, it is the largest office REIT in India and second-largest globally by leasable area.
The trust offers investors access to a well-diversified pool of rent-yielding assets with high-quality infrastructure, strong tenant mix (including Fortune 500 companies and Global Capability Centers), and consistent cash flows.
Knowledge Realty Trust REIT IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | August 5, 2025 |
| IPO Close Date | August 7, 2025 |
| Listing Date (Tentative) | August 12, 2025 |
| Issue Type | Bookbuilding |
| Issue Size | ₹4,800 crore (fresh issue) |
| Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 shares |
| Minimum Investment | ₹14,250 for retail investors |
| Listing Exchanges | BSE, NSE |
IPO GMP: What’s the Buzz in the Grey Market?
As of the latest reports, the Knowledge Realty Trust IPO GMP (Grey Market Premium) is expected to be moderate, reflecting steady institutional and retail interest. Although final GMP figures may fluctuate closer to the listing, analysts believe the REIT’s strong fundamentals and Blackstone-Sattva backing make it a promising long-term hold.
Keep an eye on trusted IPO tracking portals for live updates on GMP and subscription status during the IPO window.
Portfolio Highlights
Total Leasable Area: 46.3 million sq. ft.
Completed Area: 37.1 msf | Under Construction: 1.2 msf | Future Development: 8.0 msf
Occupancy Rate: 91.4%
Tenant Profile: Fortune 500 companies, GCCs, and Indian corporates
Amenities: Food courts, clubs, sports facilities, clinics, crèches, etc.
The portfolio is well diversified with 6 city-centre offices and 24 business parks, offering a unique blend of asset quality and tenant mix.
Financial Performance
| Metric | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Assets (₹ Cr) | 24,768.08 | 24,902.82 | 24,544.42 |
| Revenue (₹ Cr) | 4,146.86 | 3,588.48 | 3,115.97 |
| PAT (₹ Cr) | 222.52 | 339.66 | 219.24 |
| EBITDA (₹ Cr) | 3,293.03 | 2,830.36 | 2,494.02 |
| Total Borrowing (₹ Cr) | 19,792.17 | 19,757.58 | 20,226.66 |
Strengths and Competitive Edge
Backed by Global Sponsor Blackstone – One of the world’s leading real estate investors
India’s Largest Office REIT – Dominates commercial real estate by size and value
Geographically Diversified Portfolio – Presence across 6 top cities reduces concentration risk
Strong Tenant Base – Multinational and Fortune 500 tenants ensure long-term lease stability
Quality Amenities – Enhancing employee experience and tenant retention
Scalable Pipeline – 8 msf of future development to fuel growth
Should You Invest in Knowledge Realty Trust REIT IPO?
If you’re an investor looking for stable income through rentals, long-term appreciation, and portfolio diversification, this IPO could be a solid pick. Its strong sponsorship, premium assets, and steady cash flows make it an appealing choice, especially for conservative investors seeking REIT exposure.
However, investors should consider the drop in net profit, macroeconomic headwinds, and interest rate sensitivities associated with REITs before investing.
Knowledge Realty Trust REIT IPO Timeline
| Event | Date |
|---|---|
| IPO Open | August 5, 2025 |
| IPO Close | August 7, 2025 |
| Allotment | August 8, 2025 |
| Refunds Initiated | August 11, 2025 |
| Shares Credited to Demat | August 11, 2025 |
| Listing Date | August 12, 2025 |
How to Apply for Knowledge Realty Trust IPO?
You can apply for this IPO via UPI-enabled apps like Zerodha, Groww, Upstox, or through your broker. Ensure your UPI mandate is approved by 5 PM on August 7, 2025, the last date of subscription.
FAQs
1. What is the GMP of Knowledge Realty Trust IPO?
GMP (Grey Market Premium) for the IPO is fluctuating and expected to stabilize closer to the listing. Early reports suggest positive sentiment.
2. When is Knowledge Realty Trust IPO opening?
The IPO opens on August 5, 2025 and closes on August 7, 2025.
3. What is the lot size for Knowledge Realty Trust IPO?
The lot size is 150 shares, requiring a minimum investment of ₹14,250.
4. Where will Knowledge Realty Trust be listed?
The REIT will be listed on BSE and NSE on or around August 12, 2025.
5. What are REITs and why invest in them?
REITs are trusts that own and operate income-generating real estate. They offer regular dividends, portfolio diversification, and access to high-value real estate for small investors.
Final Thoughts
With India’s commercial real estate market showing signs of resilience and growth, REITs like Knowledge Realty Trust offer a structured and regulated way for retail investors to participate in the country’s booming office property segment. While past performance and portfolio strength favor this IPO, always consider your financial goals and consult with a financial advisor before investing.