KRT is set to raise Rs 48 billion through IPO

Knowledge Realty Trust (KRT), a REIT, is set to launch its initial public offering (IPO) of Rs 48 billion. The REIT has already concluded a pre-IPO round of Rs 14 billion. The price band for the issue of each unit ranges between Rs 95-100. The minimum bid size is set at Rs 15,000. The issue will open for subscription between August 5, 2025 and August 7, 2025. The entire proceeds from the issue will be utilised for the debt repayment, which will reduce to Rs 120 billion, post repayment. KRT is set to become the Asia’s second largest REIT by size and India’s largest by gross asset value at around Rs 620 billion. The REIT houses 29 assets comprising of 46.3 million sq. ft of office space located across six cities.