Knowledge Realty Trust REIT vs Pine Labs IPO

Comparison between Knowledge Realty Trust REIT and Pine Labs IPO.

IPO Details

Knowledge Realty Trust REIT is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Pine Labs IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Knowledge Realty Trust REIT is up to ₹4,800.00 Cr whereas the issue size of the Pine Labs IPO is up to ₹3,900.17 Cr. The final issue price of Knowledge Realty Trust REIT is ₹100.00 per share and of Pine Labs IPO is ₹221.00 per share.

 Knowledge Realty Trust REITPine Labs IPO
Face Value₹0 per share₹1 per share
Issue Price (Lower)₹95.00 per share₹210.00 per share
Issue Price (Upper)₹100.00 per share₹221.00 per share
Issue Price (Final)₹100.00 per share₹221.00 per share
Discount (Retail)
Discount (Employee)₹21.00 per share
Market Lot Size150 shares67 shares
Fresh Issue Size48,00,00,000 shares9,41,29,524 shares
Fresh Issue Size (Amount)up to ₹4,800.00 Crup to ₹2,080.26 Cr
OFS Issue Size0 shares8,23,48,779 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹1,819.91 Cr
Issue Size Total48,00,00,000 shares17,64,78,303 shares
Issue Size Total (Amount)up to ₹4,800.00 Crup to ₹3,900.17 Cr

IPO Timetable

Knowledge Realty Trust REIT opens on Aug 05, 2025, while Pine Labs IPO opens on Nov 07, 2025. The closing date of Knowledge Realty Trust REIT and Pine Labs IPO is Aug 07, 2025, and Nov 11, 2025, respectively.

 Knowledge Realty Trust REITPine Labs IPO
Anchor Bid DateAug 04, 2025Nov 06, 2025
Issue OpenAug 05, 2025Nov 07, 2025
Issue CloseAug 07, 2025Nov 11, 2025
Basis Of Allotment (Tentative)Aug 12, 2025Nov 12, 2025
Initiation of Refunds (Tentative)Aug 13, 2025Nov 13, 2025
Credit of Share (Tentative)Aug 13, 2025Nov 13, 2025
Listing date (Tentative)Aug 18, 2025Nov 14, 2025
Anchor Lockin End date 1Sep 11, 2025Dec 11, 2025
Anchor Lockin End date 2Nov 10, 2025Feb 09, 2026

Financials & KPIs

Knowledge Realty Trust REIT P/E ratio is , as compared to Pine Labs IPO P/E ratio of -160.13.

 Knowledge Realty Trust REITPine Labs IPO
Financials

Company Financials (Restated Consolidated)

Knowledge Realty Trust's revenue increased by 16% and profit after tax (PAT) dropped by 34% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets24,768.0824,902.8224,544.42
Total Income4,146.863,588.483,115.97
Profit After Tax222.52339.66219.24
EBITDA3,293.032,830.362,494.02
Total Borrowing19,792.1719,757.5820,226.66
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Pine Labs Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 57% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets10,904.3210,715.749,648.569,363.21
Total Income653.082,327.091,824.161,690.44
Profit After Tax4.79-145.49-341.90-265.15
EBITDA120.56356.72158.20196.80
NET Worth2,327.55-2,244.27-2,035.24-1,764.77
Total Borrowing888.74829.49532.92329.51
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)0
Promoter Shareholding (Post-Issue)0
P/E Ratio-160.13
Market Cap₹25376.65 Cr.
ROE
ROCE
Debt/Equity
EPS₹-1.38
RoNW-4.15%

Shares Offered

In the Knowledge Realty Trust REIT Retail Individual Investors (RII) are offered 0 shares while in Pine Labs IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 10,80,00,000 shares in Knowledge Realty Trust REIT and 5,29,05,992 shares in Pine Labs IPO.

 Knowledge Realty Trust REITPine Labs IPO
Anchor Investor Reservation16,20,00,000 shares7,93,58,986 shares
Market Maker Reservation0 shares0 shares
QIB10,80,00,000 shares5,29,05,992 shares
NII9,00,00,000 shares2,64,52,995 shares
RII0 shares1,76,35,330 shares
Employee0 shares1,25,000 shares
Others
Total48,00,00,000 shares17,64,78,303 shares

Bids Received (Subscription)

Knowledge Realty Trust REIT subscribed 12.48x in total, whereas Pine Labs IPO subscribed 2.48x.

 Knowledge Realty Trust REITPine Labs IPO
QIB (times)9.07x3.97x
NII (times)16.57x0.30x
Big NII (times)0.25x
Small NII (times)0.42x
RII (times)1.27x
Employee (times)7.78x
Other (times)
Total (times)12.48x2.48x

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