Archive · 17 Jun 2025
Knowledge Realty Trust Plans $558 Million India IPO
Knowledge Realty Trust, supported by Blackstone and Sattva, is planning to sell shares in an IPO, aiming to raise about $558 million.
They've already gotten money from wealthy Indian investors.
This will be one of India's largest real estate investment trust (REIT) offerings.
The money raised will help the company pay off debts and for other business needs.
This is expected to boost confidence in India's commercial real estate market.
REITs are becoming more popular because they can potentially offer good returns.
Knowledge Realty Trust plans an IPO in India in July, potentially raising $558 million.
The REIT is backed by Blackstone Inc. and Sattva Developers Pvt.
A pre-IPO allotment raised ₹1,400 crore from domestic investors.
This would be India's fifth REIT listing.
Proceeds from the IPO will repay debt and for general corporate purposes.
- Who
- Knowledge Realty Trust, backed by Blackstone Inc. and Sattva Developers Pvt.
- What
- Knowledge Realty Trust is planning an IPO.
- When
- July (planned).
- Where
- India
- Why
- To repay debt and for general corporate purposes.
- IPO Size
- $558 million
- Backers
- Blackstone Inc., Sattva Developers Pvt.
- Pre-IPO Allotment
- ₹1,400 crore
- REIT Listing
- Fifth in India
- Gross Asset Value (as of Sept 2024)
- ₹59,400 crore
- Net Operating Income (last fiscal year)
- ₹2,900 crore
- Occupancy
- Nearly 90% as of December