Knowledge Realty Trust REIT came to market through an IPO that opened on 5 August 2025 and closed on 7 August 2025, and the shares listed on 18 August 2025 on BSE, NSE. The price band was ₹95 to ₹100 per share and one lot was 150 shares, so the minimum application was ₹15,000. The issue size was ₹4800 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Kotak Mahindra Capital Company Limited, Axis Capital Limited, Bofa Securities India Limited, ICICI Securities Limited, IIFL Capital Services Limited, Jm Financial Limited, Morgan Stanley India Company Pvt Ltd, SBI Capital Markets Limited were the lead managers.
As of 6 August 2025.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Knowledge Realty Trust is India's largest office REIT by Gross Asset Value (GAV) of Rs 594,450 million as of Sep 30, 2024. It also stands as the second-largest office REIT in the world by leasable Area. Company Portfolio consists of 30 Grade A office properties with a combined area of 48.1 msf as of September 30, 2024, with 37.1 msf of Completed Area, 2.8 msf of Under Construction Area and 8.2 msf of Future Development Area.
Its portfolio consists of 6 city-center offices and 24 business park/centers. Its portfolio asset provides diverse amenities, including& multi-cuisine food courts, members-only clubs, indoor and outdoor sports facilities, medical clinics, creche, and other health and recreation facilities.The assets of the company's portfolio are located in 6 cities, namely Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram and GIFT City, Ahmedabad. On Dec 31, 2024, its portfolio asset has a collective occupancy of 89.9%.
It enjoys a diversified tenant base of high-profile multinational tenants, such as Fortune 500 firms, Global Capability Centers (GCCs), and major domestic corporates.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|
Knowledge Realty Trust: India's biggest office REIT raises Rs 1,620 crore from anchor investors. Marquee international players such as Amundi Funds, Florida Retirement System, Tocu Europe, Morgan Stanley, Barclays Multi-Manager Fund, Societe Generale, BofA Securities Europe, and Citigroup Global invested in the REIT through anchor book.
In addition, local institutional investors such as Life Insurance Corporation, Tata AIG General Insurance, NPS Trust, Jhunjhunwala Discretionary Trust run by Rakesh Jhunjhunwala's children, 360 ONE, Nippon Life, Axis Mutual Fund, UTI MF, Tata Mutual Fund, WhiteOak Capital, HDFC Life Insurance, Quant Mutual Fund, Kotak Mahindra Life Insurance, and Aditya Birla Sun Life AMC also booked in the anchor book.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Knowledge Realty Trust REIT was a ₹4,800 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹95–₹100 per share with a lot size of 150 shares (₹15,000). The IPO was open from August 5 to August 7, 2025 and was subscribed 1.19x. Shares listed on BSE and NSE on August 18, 2025 at ₹103, a 3.0% premium to the issue price of ₹100. Kfin Technologies Limited is the registrar.
Kotak Mahindra Capital Company Limited and 7 other book running lead managers manage the issue.
The price band of Knowledge Realty Trust REIT is ₹95 to ₹100 per share.
The lot size of Knowledge Realty Trust REIT is 150 shares.
The minimum investment for Knowledge Realty Trust REIT is approximately ₹15,000 based on the upper price band.
The allotment date of Knowledge Realty Trust REIT is Aug 12, 2025.
Knowledge Realty Trust REIT listed on Aug 18, 2025. It was issued at ₹103.0(NSE) and is currently around ₹110.01 as on 2-Nov-2026 3:30 PM, which is approximately 10.0% versus issue price. The 52-week high is ₹129.49.
You can check Knowledge Realty Trust REIT allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Knowledge Realty Trust REIT allotment status on Rupix for quick and easy access.
₹95 to ₹100 per share. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 150 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹15,000.
₹15,000, for one lot of 150 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 5 August 2025 and closed on 7 August 2025.
The basis of allotment was published on 12 August 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 18 August 2025 on BSE, NSE.
The issue size was ₹4800 crore. The fresh issue was 48,00,00,000 shares (aggregating up to ₹4800 crore).