Knowledge Realty Trust IPO
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Schedule of Knowledge Realty Trust
| Issue open date | 05 Aug 2025 |
| Issue close date | 07 Aug 2025 |
| UPI mandate deadline | 07 Aug 2025 (5 PM) |
| Allotment finalization | 08 Aug 2025 |
| Refund initiation | 11 Aug 2025 |
| Share credit | 11 Aug 2025 |
| Listing date | 12 Aug 2025 |
| Mandate end date | 22 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 07 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 06 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Knowledge Realty Trust
Knowledge Realty Trust is India’s largest office REIT by Gross Asset Value (₹594,450 million), operating a portfolio of 30 Grade A office assets spanning 48.1 million square feet across six cities including Mumbai, Bengaluru, and Hyderabad. With an 89.9% occupancy rate and 8.6-year weighted average lease expiry, the company serves over 450 tenants including Fortune 500 companies, multinational corporations, and Global Capability Centres. Clients include Amazon, Google, Apple, Goldman Sachs, and Cisco. The portfolio comprises city-centre offices and business parks, offering amenities such as food courts, sports facilities, and medical clinics. The company focuses on commercial real estate operations across India’s office markets.
Financials of Knowledge Realty Trust
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹4800 crores |
| Fresh Issue | ₹4800 crores |
Strengths
- Strategic presence in India’s top-performing office markets across six cities
- Grade A assets with infrastructure and amenities including food courts, sports facilities, and medical clinics
- Diversified tenant base of 450+ tenants including Fortune 500 companies, multinationals, and Global Capability Centres
- Strong tenant retention with 63.5% retention rate and 8.6-year weighted average lease expiry
- Stable cash flow model with 89.9% occupancy rate and embedded growth potential
- Joint sponsorship by Blackstone and Sattva Group with combined global and local real estate expertise
Risks
- Debt financing constraints may limit distribution capacity to unit holders post-listing
- High leverage exposure could adversely impact cash flows and debt servicing ability
- SEBI REIT regulatory restrictions may constrain asset acquisition and disposal flexibility
- Related party transaction risks with potential unfavourable terms and conflict of interests
- Sovereign credit rating downgrades could impair financing access and business performance
- Real estate illiquidity may adversely affect business operations and asset monetisation