Archive · 31 Jul 2025
Blackstone-Backed KRT to Launch ₹4,800 Cr IPO on August 5
Knowledge Realty Trust, a real estate company supported by Blackstone and Sattva Developers, is selling shares to the public through an IPO.
They hope to collect ₹4,800 crore by selling units priced between ₹95 and ₹100.
This money will be used to pay back loans.
The company owns many office buildings in cities like Mumbai and Hyderabad.
The IPO starts on August 5, 2025, and it allows investors to buy into a big office space company.
Knowledge Realty Trust (KRT), backed by Blackstone and Sattva Developers, is launching an IPO.
The IPO aims to raise ₹4,800 crore with a price band of ₹95 to ₹100 per unit.
The public issue opens on August 5, 2025, and closes on August 7, 2025.
KRT's portfolio includes 29 Grade A office assets across six cities.
Proceeds will repay debt, reducing total indebtedness to approximately 19% of its initial gross asset value.
- Who
- Knowledge Realty Trust, backed by Sattva Developers and Blackstone.
- What
- Knowledge Realty Trust is launching an IPO to raise ₹4,800 crore.
- When
- The IPO opens on August 5, 2025, and closes on August 7, 2025.
- Where
- KRT's assets span six cities: Hyderabad, Mumbai, Bengaluru, Gurugram, Chennai, and GIFT City, Ahmedabad.
- Why
- To repay debt.
- IPO Amount
- ₹4,800 crore
- IPO Price
- ₹95 to ₹100 per unit
- IPO Open Date
- August 5, 2025
- IPO Close Date
- August 7, 2025
- Minimum Investment
- ₹15,000
- REIT Portfolio
- 29 assets
- Total Debt
- ₹19,792 crore (as of March 31, 2025)
