Knowledge Realty Trust REIT: Price Band, Lot Size, Financials & Review
Knowledge Realty Trust REIT listed on BSE & NSE on Tue, 12 Aug 2025. The issue was subscribed 12.48x overall.
- Open Date
- 5 Aug 2025
- Close Date
- 7 Aug 2025
Last updated
- Price band
- ₹95 – ₹100
- Lot size
- 150 shares
- Min. investment
- ₹15,000
- Issue size
- ₹4,800 Cr
- Last GMP
- +₹1
- Subscribed
- 🔥 12.48x
Knowledge Realty Trust REIT details
Knowledge Realty Trust REIT is a ₹4,800 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Tue, 5 Aug 2025 to Thu, 7 Aug 2025. Allotment was finalised on Fri, 8 Aug 2025, and the shares listed on BSE & NSE on Tue, 12 Aug 2025.
The price band is ₹95 to ₹100 per share and the lot size is 150 shares, so the minimum retail application is ₹15,000.
KFin Technologies Limited is the registrar, and IIFL Capital Services Limited, Bofa Securities India Limited, Axis Capital Limited, Morgan Stanley India Company Private Limited, ICICI Securities Limited, JM Financial Limited, SBI Capital Markets Limited and Kotak Mahindra Capital Company Limited are the book running lead managers.
Grey market premium (GMP)
Day-wise GMP →The last Knowledge Realty Trust REIT GMP before listing was +₹1 (+1.00% against the upper price band of ₹100), implying an estimated listing price of ₹101. Across 7 days of tracking, GMP ranged from +₹1 (06 Aug) to +₹1 (06 Aug).
| Last GMP | +₹1 |
|---|---|
| GMP vs upper band | +1.00% |
| Estimated listing price | ₹101 |
| Highest (06 Aug) | +₹1 |
| Lowest (06 Aug) | +₹1 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Knowledge Realty Trust REIT day-wise GMP.
Subscription
Day-wise subscription →Knowledge Realty Trust REIT was subscribed 12.48x overall: QIB 9.07x and NII 16.57x.
| Category | Subscribed |
|---|---|
| QIB | 9.07x |
| NII | 16.57x |
| Total | 12.48x |
Final figures at the close of bidding on 7 Aug 2025. Category-wise bids, application-wise breakup and allotment chances are on the Knowledge Realty Trust REIT day-wise and category-wise subscription page.
Knowledge Realty Trust REIT lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| 1 | 150 | ₹15,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
P/E is not meaningful here because earnings per share is zero or negative.
| EPS (pre-issue) Latest earnings per share before the issue | ₹0 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹0 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 0.00% |
| Promoter holding (post-issue) | 0.00% |
Knowledge Realty Trust REIT financials
Between 31 Mar 2024 and 31 Mar 2025, Income rose from ₹3,588.48 Cr to ₹4,146.86 Cr, and profit after tax fell from ₹339.66 Cr to ₹222.52 Cr. The PAT margin for 31 Mar 2025 was 5.37%.
| Period ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 24,768.08 | 24,902.82 | 24,544.42 |
| Total Income | 4,146.86 | 3,588.48 | 3,115.97 |
| Profit After Tax | 222.52 | 339.66 | 219.24 |
| Total Borrowings | 19,792.17 | 19,757.58 | 20,226.66 |
₹ in crore, as stated in the prospectus.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Partial or full repayment or prepayment of certain financial indebtedness of the Asset SPVs and theInvestment Entities |
| 2 | General purposes |
About Knowledge Realty Trust REIT
Knowledge Realty Trust is India’s largest office Real Estate Investment Trust (REIT) by Gross Asset Value (GAV), with a portfolio valued at ₹619,989 million as of March 31, 2025. Globally, it ranks as the second-largest office REIT by leasable area.
The Trust's portfolio comprises 30 Grade A office assets, totaling 46.3 million square feet (msf). This includes 37.1 msf of completed area, 1.2 msf under construction, and 8.0 msf allocated for future development.
Knowledge Realty Trust’s properties include 6 centrally located city offices and 24 integrated business parks. These assets are equipped with modern amenities such as multi-cuisine food courts, members-only clubs, sports facilities (indoor and outdoor), medical clinics, childcare centers, and wellness zones.
Its footprint spans six major Indian cities—Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City (Ahmedabad)—with a committed occupancy rate of 91.4% as of March 31, 2025.
The Trust maintains a diverse tenant base, including Fortune 500 companies, Global Capability Centers (GCCs), and leading domestic enterprises, underscoring the resilience and appeal of its portfolio.
Competitive Strengths
- India’s largest office REIT by GAV and Net Operating Income (NOI); among the most geographically diversified
- Strategic presence in high-growth commercial hubs
- Premium-quality assets with strong infrastructure and lifestyle-enhancing amenities
- Diverse tenant mix with a rising share of domestic leaders and GCCs
- Strong tenant relationships ensuring high retention and consistent demand
- Resilient business model with embedded growth potential and predictable cash flows
- Backed by renowned sponsors—Blackstone and Sattva—combining global expertise with deep local market insight
Contact details
Knowledge Realty Trust
One International Center, 14th Floor, Tower 1
Plot No. 612-613, Senapati Bapat Marg,
Elphinstone Road, Lower Parel West,
Mumbai, Maharashtra, 400013
Phone: 91-22-6868 4400
Email: info@knowledgerealtytrust.com
Website: https://www.knowledgerealtytrust.com
Knowledge Realty Trust REIT FAQs
- What is the Knowledge Realty Trust REIT price band?
- The Knowledge Realty Trust REIT price band is ₹95 to ₹100 per share.
- What is the Knowledge Realty Trust REIT lot size and minimum investment?
- The Knowledge Realty Trust REIT lot size is 150 shares. The minimum retail investment is ₹15,000 for one lot at the upper price band.
- When was Knowledge Realty Trust REIT open for subscription?
- Knowledge Realty Trust REIT was open for subscription from Tue, 5 Aug 2025 to Thu, 7 Aug 2025.
- What is the Knowledge Realty Trust REIT subscription status?
- Knowledge Realty Trust REIT was subscribed 12.48x overall: QIB 9.07x and NII 16.57x. Day-wise and category-wise figures are on the subscription page.
- What was the Knowledge Realty Trust REIT GMP before listing?
- The last Knowledge Realty Trust REIT GMP before listing was +₹1 (+1.00% against the upper price band of ₹100), implying an estimated listing price of ₹101. Across 7 days of tracking, GMP ranged from +₹1 (06 Aug) to +₹1 (06 Aug). GMP is an unofficial grey market indicator and can change quickly.
- What is the Knowledge Realty Trust REIT allotment date?
- The Knowledge Realty Trust REIT basis of allotment was finalised on Fri, 8 Aug 2025. You can check your allotment status on the KFin Technologies Limited website.
- What is the Knowledge Realty Trust REIT listing date?
- Knowledge Realty Trust REIT listed on BSE & NSE on Tue, 12 Aug 2025.
- Is the Knowledge Realty Trust REIT a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Knowledge Realty Trust REIT?
- The registrar for the Knowledge Realty Trust REIT is KFin Technologies Limited, and the book running lead managers are IIFL Capital Services Limited, Bofa Securities India Limited, Axis Capital Limited, Morgan Stanley India Company Private Limited, ICICI Securities Limited, JM Financial Limited, SBI Capital Markets Limited and Kotak Mahindra Capital Company Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.