With India’s commercial real estate market growing steadily, the launch of the Knowledge Realty Trust REIT IPO has drawn the attention of investors looking to diversify their portfolios with stable, income-generating assets. Backed by top sponsors and anchored by global tenants, this REIT IPO is scheduled to open on August 5, 2025, and is among the most awaited public issues in the REIT space this year. In this detailed analysis, we break down everything you need to know about the Knowledge Realty Trust REIT IPO from IPO details and asset quality to tenant mix, risk factors, and long-term investment potential.
Here are the important details every IPO investor should know:
| Particulars | Details |
| IPO Opening Date | August 5, 2025 |
| IPO Closing Date | August 7, 2025 |
| Listing Date | August 12, 2025 |
| Price Band | ₹95 to ₹100 per share |
| Face Value | ₹[.] per share |
| Lot Size | 150 shares |
| Issue Size | 48 crore shares (up to ₹4,800 crore) |
| Issue Type | Book Built – Fresh Capital |
The IPO proceeds will be used to repay or prepay debt obligations and for general corporate expenses. As a commercial REIT IPO in India, this issue provides investors with a direct path to owning units backed by leased income-producing properties.
Knowledge Realty Trust REIT (KRT) is a proposed Real Estate Investment Trust focused on owning and managing Grade-A commercial office properties in India. It is sponsored by Sattva Developers and BREP Asia SG L&T Holding (NQ) Pte. Ltd., with Embassy Group serving as the strategic partner.
As of March 31, 2025:
This makes Knowledge Realty Trust REIT the largest office REIT in India by GAV and the second-largest globally by leasable area, giving it a strong competitive edge.
The REIT holds 30 Grade-A office assets and operates across India’s most prominent business locations, including:
The asset mix includes:
A significant portion of the REIT’s initial portfolio is concentrated in Chennai’s Ramanujan IT City, a key Special Economic Zone (SEZ) and IT hub. Details include:
The focus on a prime IT cluster offers long-term leasing visibility, though it also concentrates risk geographically and sectorally — a point covered later under challenges.
The REIT boasts a diversified and high-quality tenant base with:
This diversification is essential for REIT income stability and helps cushion rental flows during sector-specific slowdowns.
REITs are known for distributing regular income, and KRT is no exception. As per SEBI regulations, at least 90% of Net Distributable Cash Flow (NDCF) must be shared with unitholders.
| Particulars | Amount (₹ million) | % of Total Distribution |
| Net Distributable Cash Flow (NDCF) | 1,798.72 | 100.00% |
| From SPVs (Net of taxes) | 1,766.24 | 98.20% |
| From Holding Company | 32.48 | 1.80% |
| Distribution to Unitholders | 1,798.72 | 100.00% |
| Interest Income | 987.12 | 54.90% |
| Dividend Income | 718.10 | 39.90% |
| Amortisation (Return of Capital) | 93.50 | 5.20% |
Distributions are proposed on a quarterly basis, offering investors a regular stream of dividend income from REIT units.
Before applying, investors should consider the following:
The object of the issue is as follows:
The Knowledge Realty Trust REIT IPO stands out as a compelling investment for those looking to tap into India’s expanding commercial real estate market. With a robust portfolio of Grade-A assets, high occupancy levels, long-term lease visibility, and a diversified tenant base, it offers both stability and steady income potential. To better understand how REITs create sustainable income streams for investors, you can read our comprehensive guide on investing in REITs for steady rental income. Backed by credible sponsors and a proven management track record, the REIT positions itself as a strong addition to income-focused and low-volatility investment portfolios.
Recommendation: Consider subscribing for long-term income and portfolio diversification.Disclaimer: This article is intended for informational purposes only and does not constitute investment advice or a recommendation to apply for the IPO. Please read the Red Herring Prospectus (RHP) and consult a SEBI-registered financial advisor before making any investment decisions. For detailed disclosures and risk factors, refer to the official filings available on the SEBI website.
https://www.jainam.in/wp-content/uploads/2024/11/Disclosure-and-Disclaimer_Research-Analyst.pdf
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