Knowledge Realty Trust IPO GMP Today: Subscription, Price Band, & Expert Review
Table of Contents
- 1. Introduction to Knowledge Realty Trust & Its IPO
- 2. IPO Snapshot: Size, Sponsors, Timeline
- 3. What Is Grey-Market Premium (GMP)?
- 4. Knowledge Realty Trust IPO GMP: Current Scenario
- 5. Key Factors Influencing GMP
- 6. What Analysts & Brokers Say
- 7. Should You Subscribe? Pros & Cons
- 8. SEO & Readability Tips
- 9. Closing Thoughts
- 10. Sources
1. Introduction to Knowledge Realty Trust & Its IPO
Knowledge Realty Trust (KRT), sponsored by Blackstone and the Sattva Group, is launching a ₹4,800 crore REIT IPO in August 2025. It will become India’s largest office REIT by gross asset value and one of Asia’s biggest by leasable area.
2. IPO Snapshot: Size, Sponsors, Timeline
- Issue Size: ₹4,800 crore (fresh issue)
- Price Band: ₹95–₹100 per unit
- Lot Size: 150 units (₹14,250)
- Subscription Period: August 5–7, 2025
- Listing Date: Tentative August 18, 2025 (BSE/NSE)
It includes 30 office assets across India’s top cities with a total area of 46.3 million sq ft and ~91% occupancy.
3. What Is Grey-Market Premium (GMP)?
Grey-Market Premium (GMP) is the unofficial price at which IPO units trade before listing. It’s a sentiment indicator used by investors to assess potential listing gains, but it’s not an official or regulated metric.
4. Knowledge Realty Trust IPO GMP: Current Scenario
As of August 5, 2025, the GMP for KRT REIT IPO is ₹0. This suggests no immediate listing gain or discount is expected. Investors are anticipating the IPO to list near its issue price of ₹100.
5. Key Factors Influencing GMP
- Anchor Investor Response: ₹1,620 crore raised at ₹100 with LIC, Jhunjhunwala Trust, Morgan Stanley participation
- Retail/HNI Demand: Non-institutional segment subscribed ~0.93× on Day 1
- QIB Slow Start: Institutional quota saw only ~0.35× subscription
- Market Conditions: Interest rates and equity sentiment affect REIT demand
6. What Analysts & Brokers Say
Geojit Financial Services and Marwadi Shares recommend a “Subscribe” rating. They highlight strong NOI growth, 6–7% dividend yield potential, and a diversified tenant base as major positives.
7. Should You Subscribe? Pros & Cons
| Criteria | Pros | Cons |
|---|---|---|
| Asset Quality | Grade-A offices in top cities | Real estate risks remain |
| Investor Backing | Backed by Blackstone, strong anchor book | Anchor lock-in limits early resale |
| Financials | ₹3,432 Cr NOI with 19% YoY growth | Yield compression in low interest cycle |
| GMP Trend | Neutral GMP indicates stable listing | No guaranteed listing premium |
8. SEO & Readability Tips
- Use natural subheadings and keywords like “Knowledge Realty Trust IPO GMP”
- Break content with bullet points and bold fonts
- Insert relevant internal links to other IPO articles
- Write in a human-friendly, conversational tone
9. Closing Thoughts
The Knowledge Realty Trust IPO offers long-term yield and asset growth potential. With a neutral GMP and moderate subscription response, short-term listing gains may be limited. However, it remains a strong REIT contender for income-seeking investors.
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