Knowledge Realty Trust REIT IPO

Knowledge Realty Trust is the largest office REIT in India, with a Gross Asset Value (GAV) of ₹619,989 million as of March 31, 2025. It also ranks as the second-largest office REIT globally in terms of total leasable area, highlighting its significant presence both in the Indian and international real estate markets. REIT holds a global position in terms of leasable area, with a portfolio of 30 Grade A office assets spanning 46.3 million square feet. This includes 37.1 msf of completed space, 1.2 msf under construction, and 8.0 msf earmarked for future development. The assets are located across six major Indian cities—Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City, Ahmedabad. With a committed occupancy of 91.4%, the portfolio serves a diverse tenant base, including Fortune 500 companies, GCCs, and leading Indian corporates

Knowledge Realty Trust REIT IPO Overview

The Knowledge Realty Trust REIT is a book-built issue worth ₹4,800.00 crores, comprising entirely a fresh issuance of 48.00 crore shares. The public offering opens for subscription on August 5, 2025, and will close on August 7, 2025. The allotment is expected to be finalised by Tuesday, August 12, 2025. The REIT is proposed to be listed on both the BSE and NSE, with a tentative listing date set for Monday, August 18, 2025.

The price band for the issue is fixed between ₹95 and ₹100 per share. Investors can bid in a minimum lot size of 150 shares, requiring a retail investment of ₹14,250. However, the lot size and investment amount for sNII and bNII categories have not been defined yet.

Kotak Mahindra Capital Company Limited is acting as the book-running lead manager for the issue, while Kfin Technologies Limited is the designated registrar.

Knowledge Realty Trust REIT IPO Details

Particulars	Details
IPO Date	5 August 2025 to 7 August 2025
Listing Date	18 August 2025
Face Value	₹[TBD] per share
Issue Price Band	₹95 to ₹100 per share
Lot Size	150 Shares
Total Issue Size	48,00,00,000 shares (₹4,800.00 Cr)
Fresh Issue	48,00,00,000 shares (₹4,800.00 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding REIT
Listing At	BSE, NSE

Knowledge Realty Trust REIT Reservation

Investor Category	Shares Offered
QIB	Not more than 75% of the Issue
NII (HNI)	Not less than 25% of the Issue

Knowledge Realty Trust REIT Lot Size

Application	Lots	Shares	Amount
All Investors	1	150	₹15,000

Knowledge Realty Trust REIT Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue	[TBD]%

Knowledge Realty Trust REIT Valuation Overview

KPI	Value
Earnings Per Share (EPS)	[TBD]
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	10.53%
Net Asset Value (NAV)	[TBD]
Return on Equity	10.53%
ROCE	6.72%
EBITDA Margin	79.41%
PAT Margin	5.40%
Debt to Equity Ratio	9.53

Objectives of the Proceeds

• Partial repayment of borrowings of Asset SPVs – ₹4,640 crore

• For general corporate purposes – Amount not specified

Key Financials (in ₹ crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	24,768.08	24,902.82	24,544.42
Revenue	4,146.86	3,588.48	3,115.97
Profit After Tax	222.52	339.66	219.24
Reserves and Surplus	1845.21	2179.83	1204.37
Total Borrowings	19,792.17	19,757.58	20,226.66