Knowledge Realty Trust Launches ₹4,800 Cr IPO
KRT had earlier completed a ₹1,400 crore pre-IPO placement to select investors. The public issue will open on August 5, 2025, and close on August 7, 2025
Mumbai: Blackstone- and Sattva Developers-backed Knowledge Realty Trust (KRT), India’s largest Real Estate Investment Trust (REIT) by gross asset value, has announced a ₹4,800 crore initial public offering (IPO) in the price band of ₹95 to ₹100 per unit.
KRT had earlier completed a ₹1,400 crore pre-IPO placement to select investors. The public issue will open on August 5, 2025, and close on August 7, 2025.
As of March 31, 2025, KRT’s portfolio comprises 29 Grade A office assets totaling 46.3 million square feet (msf), including 37.1 msf of completed area, 1.2 msf under construction, and 8.0 msf reserved for future development. These assets span six key locations—Hyderabad, Mumbai, Bengaluru, Gurugram, Chennai, and GIFT City, Ahmedabad.
KRT plans to use the net proceeds of approximately ₹6,000 crore from the IPO and pre-IPO placement to repay debt. As of March 31, 2025, the trust had total borrowings of ₹19,792 crore. Following the repayment from the fresh issue, the total indebtedness will be reduced to approximately 19 percent of its initial gross asset value (GAV), the company said.
The minimum bid size for the IPO is 150 units, with a minimum investment amount of ₹15,000. Of the total issue, 75 percent will be allotted to institutional investors, while the remaining 25 percent will be available for non-institutional high net-worth individuals and retail investors.
