Blackstone-backed Knowledge Realty Trust Launches Rs 4,800 Crore IPO
Blackstone and Sattva Developers-sponsored Knowledge Realty Trust is set to launch its IPO on August 5, offering a scaled-down Rs 4,800 crore opportunity. The company, the second largest office REIT in Asia, aims to make its market debut on August 18.
IpoBlackstoneKnowledge Realty TrustReal EstateReitReal Estate MumbaiJul 30, 2025
Knowledge Realty Trust, the second largest office real estate investment trust (REIT) in Asia and the largest in India, is backed by Blackstone and Sattva Developers. The company had initially planned to raise Rs 6,200 crore when it filed the draft offer document with the Securities and Exchange Board of India (SEBI) in March this year.
Up to 75% of the IPO is reserved for institutional investors, with the remaining portion allocated for non-institutional investors, according to the management. The company is scheduled to make its market debut on August 18.
Post-listing, Knowledge Realty Trust will hold the title of the largest office REIT in India, with a gross asset value of Rs 61,999 crore. It will be the fifth listed REIT in the country, following Embassy Office Parks, Mindspace Business Parks, Brookfield India Real Estate Trust, and Nexus Select Trust.
The REIT's portfolio comprises 29 grade A office assets, totaling 46.3 million square feet of leasable area. These assets are spread across major cities such as Mumbai, Bengaluru, Hyderabad, Delhi-NCR, Kolkata, and Pune. The company also plans to expand its presence in Chennai and Ahmedabad in the future.
Blackstone, a leading global investment firm, and Sattva Developers, a renowned real estate developer in India, have jointly sponsored Knowledge Realty Trust. This strategic partnership aims to capitalize on the growing demand for high-quality office spaces in India, driven by the rapid expansion of the tech and IT industries.
The IPO is expected to attract significant interest from institutional and retail investors, given the strong fundamentals of the REIT and the robust growth potential of the Indian office real estate market. With a focus on premium office assets in key metropolitan areas, Knowledge Realty Trust is well-positioned to deliver consistent returns to its investors.
Frequently Asked Questions
What is the IPO amount for Knowledge Realty Trust?
The IPO amount for Knowledge Realty Trust is Rs 4,800 crore, which has been scaled down from the initial plan of Rs 6,200 crore after a pre-IPO fundraise of Rs 1,400 crore.
When will the IPO open and close?
The IPO will open on August 5 and close on August 7.
What is the market debut date for Knowledge Realty Trust?
Knowledge Realty Trust is scheduled to make its market debut on August 18.
What is the gross asset value of Knowledge Realty Trust?
The gross asset value of Knowledge Realty Trust is Rs 61,999 crore, making it the largest office REIT in India.
What cities does Knowledge Realty Trust have assets in?
Knowledge Realty Trust has a portfolio of 29 grade A office assets spread across Mumbai, Bengaluru, Hyderabad, Delhi-NCR, Kolkata, and Pune. It also plans to expand into Chennai and Ahmedabad.
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