India’s Largest Office REIT by Asset Value Set for Market Debut
Bengaluru, August 4, 2025:
Knowledge Realty Trust, set to become India’s largest and most geographically diverse office REIT, will open its Rs 4,800 crore Initial Public Offering (IPO) on Tuesday, August 5, closing on Thursday, August 7, 2025. The price band is fixed at Rs 95 to Rs 100 per unit.
The Anchor Investor bidding will take place on Monday, August 4. Bids can be placed for a minimum of 150 units, with a minimum investment of approximately Rs 15,000, and in multiples thereafter.
The issue is a fresh issuance of units through the book-building process, in accordance with SEBI REIT Regulations and the REIT Master Circular (July 2025). Up to 75% of the issue (excluding Strategic Investor portion) is reserved for Institutional Investors, and at least 25% for Non-Institutional Investors.
Sponsored by Sattva Developers and Blackstone’s BREP Asia, the REIT is managed by Knowledge Realty Office Management Services Pvt. Ltd. and has Axis Trustee Services Ltd. as Trustee.
The portfolio spans 46.3 million sq. ft. across six cities, including Bengaluru, Mumbai, Hyderabad, and Gurugram, with leases to top MNCs and domestic firms.
Lead Managers include Kotak Mahindra Capital, Axis Capital, BofA Securities, ICICI Securities, JM Financial, Morgan Stanley, IIFL Capital, and SBI Capital. The units will be listed on BSE and NSE.
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