Knowledge Realty Trust, set to become India’s most geographically diverse office REIT upon listing, is launching its Rs4,800 crore Initial Public Offering (IPO) via fresh unit issuance. The price band is fixed at Rs95 to Rs100 per unit, with the issue opening on Tuesday, August 5 and closing Thursday, August 7. Anchor investor bidding will take place one day prior on Monday, August 4.
The minimum investment amount for retail bidders is Rs15,000, with bids required in lots of 150 units and multiples thereafter. The offering is structured in accordance with SEBI's REIT guidelines and Master Circular dated July 11, 2025, allotting up to 75% for Institutional Investors and at least 25% to Non-Institutional Investors (excluding Strategic Investor portions).
Sponsors include Sattva Developers Pvt Ltd and Blackstone-backed BREP Asia SG L&T Holding (NQ) Pte. Ltd., with Axis Trustee Services Ltd as the Trustee and Knowledge Realty Office Management Services Pvt Ltd as the Manager.
Speaking on the launch, Sattva Group MD Bijay Agarwal said, “Knowledge Realty Trust brings our vision of world-class commercial infrastructure to fruition, backed by our partnership with Blackstone.”
Blackstone’s Senior MD Asheesh Mohta added, “This marks a new chapter in our decade-long commitment to India’s office market, bringing investors a premium and scalable opportunity.”
