Knowledge Realty Trust IPO

Knowledge Realty Trust IPO

We own and manage a high-quality office portfolio in India, and upon listing, we will be the largest office REIT in India based on Gross Asset Value (GAV) of Rs.619,989 million as of March 31, 2025 as well as by Net Operating Income (NOI) for FY2025 of Rs.34,322.67 million.1 We will also be the second largest office REIT in Asia and one of the largest office REITs globally in terms of Leasable Area as of March 31, 2025. Our Portfolio comprises 29 Grade A office assets totaling 46.3 msf as of March 31, 2025, with 37.1 msf of Completed Area, 1.2 msf of Under Construction Area and 8.0 msf of Future Development Area. We expect to be the most geographically diverse office REIT in India upon listing with Portfolio Assets spread across 6 cities which collectively represent more than 86.5% of both of India's office supply and gross absorption from CY2016 to Q1CY2025. With a multi-market geographical presence and assets comprising both front offices and integrated business parks, our Portfolio reflects a broad proxy of the Indian office market.

Knowledge Realty Trust IPO Details

Total Shares Offered

₹ 48,00,00,000

Offer to Public

TBA

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

TBA

Exchange

BSE

Issue size

₹ 4800 Cr

IPO Open Date

Aug 5, 2025

Close Date

Aug 7, 2025

Lot Size

150

Min Investment

₹ 14,250

Issue Type

Book Building-REITs

Listing Date

Aug 18, 2025

Knowledge Realty Trust IPO Dates

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Aug 5, 2025
Opening date
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Aug 7, 2025
Closing date
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Aug 12, 2025
Basis of Allotment
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Aug 13, 2025
Initiation of Refunds
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Aug 13, 2025
Credit of Shares
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Aug 18, 2025
Listing date

Details

SectorType
SectorConstruction
Sub SectorNA
Issue TypeBook Building-REITs

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Knowledge Realty Trust Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations1,196.573,339.392,900.30
EBITDA1,577.381,721.951,552.88
PAT222.52336.44218.49
Total Assets3,223.381,826.451,508.05
Share Capital270.66262.08494.90
Total Borrowings22,349.3620,441.4120,623.37
Operating Activities (Net Cash)603.33923.96811.27
Investing Activities (Net Cash)672.631,132.741,679.69
Financing Activities (Net Cash)22,349.3620,441.4120,623.37
Net Cashflow331.78402.35303.18

About Knowledge Realty Trust

Registered in the Republic of India as contributory, determinate and irrevocable trust on October 10, 2024 at Mumbai, Maharashtra, India under the Indian Trusts Act, 1882 and as a real estate investment trust on October 18, 2024 under the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, as amended, having registration number IN/REIT/24-25/0006.

India's office real estate landscape has changed significantly over the past two and a half decades. Since the early 2000s, office stock has grown by more than 35 times from approximately 25 msf in CY2000 to approximately 887 msf as of March 31, 2025 and is concentrated in the Top 7 cities comprising Bengaluru, Mumbai Metropolitan Region `MMR' (Mumbai), Delhi National Capital Region `Delhi-NCR' (which includes Delhi, Gurugram & Noida), Hyderabad, Chennai, Pune and Kolkata along with GIFT City, Ahmedabad. Indian real estate has emerged as a preferred investment asset class due to various factors such as the healthy growth of the economy, favorable demand-supply fundamentals, investor-friendly policies, rental growth opportunities, strong demographic profile and increased transparency.

We own and manage a high-quality office portfolio in India, and upon listing, we will be the largest office REIT in India based on Gross Asset Value (GAV) of Rs.619,989 million as of March 31, 2025 as well as by Net Operating Income (NOI) for FY2025 of Rs.34,322.67 million.1 We will also be the second largest office REIT in Asia and one of the largest office REITs globally in terms of Leasable Area as of March 31, 2025. Our Portfolio comprises 29 Grade A office assets totaling 46.3 msf as of March 31, 2025, with 37.1 msf of Completed Area, 1.2 msf of Under Construction Area and 8.0 msf of Future Development Area. We expect to be the most geographically diverse office REIT in India upon listing with Portfolio Assets spread across 6 cities which collectively represent more than 86.5% of both of India's office supply and gross absorption from CY2016 to Q1CY2025. With a multi-market geographical presence and assets comprising both front offices and integrated business parks, our Portfolio reflects a broad proxy of the Indian office market.

Knowledge Realty Trust Key Points

Strengths

Largest office REIT in India by GAV and NOI and the most geographically diverse, with several best-in-class assets located in the best performing office markets of India.

Located in India-the world's fastest growing major economy with the services sector continuing to be the key driver.

High quality assets with robust infrastructure and a wide-range of amenities, supported by well-established in-house asset maintenance services.

Diversified tenant base with an increasing focus on leading GCCs and domestic corporates.

Robust business model with strong embedded growth, stable cash flows, an established development and acquisition track record and a brand-agnostic platform.

Risk

We have not executed binding agreements with respect to the Initial Portfolio Acquisition Transactions and for the proposed management framework for our Portfolio and our ability to consummate these transactions will impact the size of the Issue and the ability of the Manager to complete this Issue. Further, we will assume existing liabilities in relation to our Portfolio, which if realized may impact the trading price of the units and our profitability and ability to make distributions.

Our actual results may be materially different from the expectations expressed or implied, or Projections, included in this Draft Offer Document. Accordingly, investors should not place undue reliance on, or base their investment decision solely on this information.

We do not provide any assurance or guarantee of any distributions to the Unitholders. We may not be able to make distributions to Unitholders in the manner described in this Draft Offer Document or at all, and the level of distributions may decrease.

Strategy

Capitalize on our Portfolio's embedded organic growth.

Leverage our brand-agnostic platform to implement an accretive acquisition strategy supported by our robust balance sheet.

Leverage on our Sponsors' and Managers' operating experience for proactive asset and property management.

Capitalize on our Portfolio's embedded organic growth.

Leverage our brand-agnostic platform to implement an accretive acquisition strategy supported by our robust balance sheet.

How To Apply for Knowledge Realty Trust IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Knowledge Realty Trust IPO?

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Knowledge Realty Trust's IPO offers shares for up to 4,800 It begins on Aug 5, 2025 and ends on Aug 7, 2025.

What is the price of the Knowledge Realty Trust IPO?

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The price of Knowledge Realty Trust IPO ranges between ₹95 to ₹100 per share.

What are the open and close dates for the Knowledge Realty Trust IPO?

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The Knowledge Realty Trust IPO opens on Aug 5, 2025 and closes on Aug 7, 2025.

When will the Knowledge Realty Trust IPO be allotted?

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The allotment for the Knowledge Realty Trust IPO will be finalised on Aug 12, 2025. The shares will be listed on BSE and NSE on Aug 18, 2025.

What is the minimum lot size required for Knowledge Realty Trust IPO?

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The minimum lot size for Knowledge Realty Trust IPO is 150 shares, priced between ₹95 to ₹100 per share.

What is the GMP of Knowledge Realty Trust IPO?

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The GMP (Grey Market Premium) of Knowledge Realty Trust IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Knowledge Realty Trust IPO?

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To check the allotment status of Knowledge Realty Trust IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Knowledge Realty Trust IPO getting listed?

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The Knowledge Realty Trust IPO is getting listed on the BSE and NSE. Bidding opens on Aug 5, 2025, and closes on Aug 7, 2025. The allotment is finalised on Aug 12, 2025.

How do you apply for the Knowledge Realty Trust IPO?

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To apply for the Knowledge Realty Trust IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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