Bigger Than NSDL? Knowledge Realty Trust IPO Subscribed 1.92x On Day 2; Check GMP, Listing Date, Other Info

Knowledge Realty Trust IPO: The Jhunjhunwala-backed initial public offering of Knowledge Realty Trust is receiving decent response from primary market investors on the second day of its subscription. Knowledge Realty Trust IPO, which is bigger than the NSDL IPO, has been subscribed by nearly 1.13 times on the second day of its subscription.

Knowledge Realty Trust IPO worth Rs 4,011 crore opened for subscription on Tuesday and the subscription window will close for investors on August 7. The issue comprises units worth Rs 4,800 crore. One of the largest REITs in India has already raised around Rs 1,620 crore from anchor investors ahead of the issue. The IPO has been backed by marquee backers like Rakesh Jhunjhunwala Trust, Life Insurance Corporation of India (LIC) , Capital group, Fidelity, ADIA, etc.

Knowledge Realty Trust IPO Day 2

The Knowledge Realty Trust IPO was subscribed by 1.92 times till 1 pm according to Chittorgarh.com. The IPO has been subscribed by 0.72 times in the qualified institutional buyers (QIB) category, 3.37 times in the NII category. IPO subscription in the retail category is yet to be updated.

Knowledge Realty Trust IPO Day 2: Check GMP

The grey market premium (GMP) of Knowledge Realty Trust stood at Rs 0. Which means that the IPO may see a flat or negative listing, according to Chittorgarh.com. The IPO's estimated listing price is set at Rs 100 (including cap price and today's GMP). The expected percentage gain or loss per share for IPO investors stand at 0%.

Knowledge Realty Trust REIT IPO is one of the biggest IPO launched in 2025 so far after HDB Financial Services. With a relatively larger lot size than NSDL, Knowledge Realty IPO has become one of the second largest IPO of 2025 so far, and pushing the former on third spot.

Knowledge Realty Trust REIT IPO Listing Date

After the conclusion of the subscription period on August 7, the Knowledge Realty Trust IPO is scheduled for stock market listing on August 18. The IPO will be listed on both BSE as well as NSE.

Knowledge Realty IPO Other Details

The Knowledge Realty IPO is an entirely fresh issue of 48 crore units. The IPO is priced in the range of Rs 95 to Rs 100 per unit. Investors can bid for a minimum of 150 units, which means an investor would require to invest a minimum of Rs 15,000 to apply for subscription in the IPO.

The Mumbai-headquartered company reported a 15.8% surge in its net revenue to Rs 3,930 crore in the financial year 2024-25 over the previous year. The company's profit came in at Rs 222.5 crore which was 24.5% lower than a one-time loss of Rs 350.2 crore. The company is planning to use the proceeds for debt to make repayment linked to its asset SPVs.

The REIT IPO is sponsored by entities like Blackstone and Sattva Group which is a well known name in the premium office infrastructure of the country. The IPO issue has been managed by top-tier investment banks including Kotak Mahindra Capital, Morgan Stanley, ICICI Securities, BofA, and others.