Knowledge Realty's ₹4,800cr IPO makes biggest office REIT launch

Business Aug 18, 2025

Knowledge Realty Trust REIT just hit the stock market and started trading at a 4% premium—₹103 on NSE and ₹104 on BSE, compared to its issue price of ₹100.
The IPO raised a whopping ₹4,800 crore, making it the biggest office REIT launch in India so far.

Profits dropped by 34% this year

The IPO was hugely popular, oversubscribed 12.48 times, with non-institutional investors showing especially high demand.
The money raised will help pay off ₹4,640 crore in debt for its asset SPVs and investment entities.
Even though profits dropped by 34% this year (net profit: ₹222.52 crore), total income grew by 16%, and the strong IPO response suggests investors are optimistic about its future.